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Bio-Key gets research deal with InterDigital

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Technology firm Bio-Key International Inc. on Wednesday announced an R&D partnership with a subsidiary of InterDigital Inc.

According to a statement from Bio-Key, in Wall, the collaboration will target advanced cloud security and, identity and access management solutions for the mobile market. InterDigital will provide funding for research efforts, and also will invest $900,000 in return for newly issued shares in Bio-Key and a senior secured note that will mature Dec. 31, 2015.

 

 

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