To: ChrisJP who wrote (103040 ) 4/4/2002 10:11:36 AM From: Jim Bishop Respond to of 150070 BKYI BIO-key International and Intel Corporation Demonstrate Latest Advancements In Biometric Finger Identification Technology On Intel-based Server Platforms MINNEAPOLIS--(BUSINESS WIRE)--April 4, 2002--BIO-key International, (OTCBB:BKYI - news), the leader in finger identification technology software tools and solutions and Intel Corporation (Nasdaq:INTC - news) continue to demonstrate BIO-key's WEB-key technology within the latest Intel® Itanium(TM) and Intel® Infiniband solution presentations. WEB-key is BIO-key's Internet ready, three-tiered architecture product, based on our proven Vector Segment Technology (VST) algorithm for high-speed, high-discrimination finger identification. WEB-key has been adapted to use Intel's 64-bit Itanium processor, which offers advanced speed, scalability, and reliance to WEB-key's biometric authentication, encryption, server and database components. Mr. Pat Gelsinger, Intel's Chief Technology Officer requested the presence of BIO-key at his opening Keynote address at FOSE 2002 (Federal Office Systems Expo 2002) in Washington DC last week. The Gelsinger keynote showed BIO-key's technology in use for Homeland Security and personal privacy protection by the use of advanced biometric identification technology on Intel® hardware. Next week, April 9-12, 2002 in San Francisco, Intel will be demonstrating the BIO-key technology again at the Spring 2002 InfiniBand Solutions Conference (IBSC). Intel and BIO-key are also teaming to show architecture and security solutions at a worldwide conference and exposition focused on the transformation of public safety with specific focus on Integrated Justice Systems. This upcoming conference, Strategies for Public Safety Transformation: Terrorism and Technology: Prevention, Protection and Pursuit, will be held April 29 - 30, 2002, in Whistler, British Columbia, Canada. This exposition brings together over 400 senior policy makers, lawmakers and funding providers from the United States and Canada. ``The BIO-key and Intel relationship bring together industry leading technology that can provide solutions and capabilities that are unavailable from any other players in the biometric industry,'' stated Don Rosacker, President of BIO-key. ``Together we have developed e-commerce and aviation security applications using WEB-key to show the security BIO-key biometrics can bring to high-speed Intel® Pentium® 111 processor, Intel® Xeon(TM) processor, and Itanium processor-based server cluster configurations that can be scaled to support millions of users. With such systems in place fraudulent transactions and identity theft could potentially be eliminated.'' BIO-key Safe Harbor Statement Statements contained herein and other public statements by the Company and its officers, other than historical data, constitute forward-looking statements. When used in this document, the words ``estimate,'' ``project,'' ``intends,'' ``expects,'' ``believes'' and similar expressions are intended to identify forward-looking statements regarding events and financial trends that may affect the Company's future operating results and financial position. Such statements are not guarantees of future performance or events and are subject to risks and uncertainties that could cause the Company's actual results, events or financial position to differ materially from those included within the forward-looking statements. These factors include, but are not limited to, the Company's ability to successfully develop its technology to meet or exceeds user specifications and to obtain additional financing, as well as those risks set forth in the Company's Annual Report on SEC Form 10-KSB and its other filings with the Securities and Exchange Commission filings. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events. -------------------------------------------------------------------------------- Contact: BIO-key International, Minneapolis Don Rosacker, 651/687-0414 www.bio-key.com