BIO-Key International Inc BKYI shares are trading higher by 5.05% to $1.25 during Thursday’s session after the company announced a partnership with California’s Ed Tech JPA, serving 195 K-12 schools and 2.6 million students, for phone-less, tokenless authentication.

What To Know: BIO-Key says PortalGuard offers phoneless and tokenless authentication, aligning with California's restrictions on personal mobile devices in schools.

The Ed Tech JPA streamlines software procurement, ensuring compliance with data privacy laws while securing competitive pricing. With this agreement, BIO-key expands its reach in the education sector, offering secure, phishing-resistant authentication solutions to schools across California.

BIO-Key also says the partnership enhances cybersecurity while simplifying access to digital resources through a standardized, efficient procurement process.

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How To Buy BKYI Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in BIO-Key’s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, BKYI has a 52-week high of $3.68 and a 52-week low of $0.52.