BIO-key shares surge 39.91% premarket after announcing partnership with Visualforma to expand digital identity solutions in Portugal.

Bio-key International surged 39.91% in premarket trading following the announcement of a strategic partnership with Visualforma to deploy its biometric authentication and identity management solutions across over 250 Portuguese municipal organizations. The collaboration, which includes securing access to critical public services in education, healthcare, and tourism, positions the company to expand its market presence in Europe and strengthen its role in public-sector cybersecurity. The partnership’s emphasis on digital transformation, regulatory compliance, and smart-city initiatives aligns with growing demand for secure digital infrastructure, likely driving investor optimism. The premarket rally reflects confidence in the deal’s potential to enhance revenue streams and operational scalability, supported by the immediate implementation of solutions in a major tourist city and validated reference architectures across municipalities.