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Thu, January 15, 2009
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L-1 Identity Solutions Receives Renewal Contract Valued at Approximately $8 Million from Latvia for Driver?s Licenses and Permi
STAMFORD, Conn.--([ BUSINESS WIRE ])--L-1 Identity Solutions, Inc. (NYSE: ID), a leading provider of identity solutions and services, was awarded a renewal contract valued at approximately $8 million USD from the Latvia Road Traffic Safety Directorate to produce licenses for automobile drivers and pleasure watercraft operators. The contract was awarded through the Secure Credentialing division of L-1 and extends from February 1, 2009 through December 31, 2012.
The previous contract period of 2004-2009 supplied new hardware, software and consumables from L-1 that was required when Latvia joined the European Union (EU). Today's contract renewal provides maintenance and consumables.
"L-1 is recognized as the premier provider of secure credentialing solutions and they have worked diligently with us over the last few years since the introduction of our European Union style Driver's License in the enrollment, personalization and production of our license issuance system," said Juris Teteris at the Latvia Road Traffic and Safety Directorate. "We rely greatly on their team and the solutions they offer meet our needs thoroughly."
L-1 has partnered with the Latvian government since 1993, using its technology to produce nearly two million secure credentials for the country. During the new contract renewal term, Latvia expects to use L-1 systems to personalize and produce more than 600,000 driver's licenses and permits and 10,000 inland waters pleasure craft operator's licenses. The increase in license issuance in Latvia during this new contract term is due to a variety of factors, including a significant number of new applications and a large number of anticipated renewals.
"The L-1 team has built a close partnership with Latvia over the last 15 years and during that time we have focused on earning their trust and respect by providing superior solutions and exceptional customer service," said Leo Sullivan, President of the Secure Credentialing Division of L-1 Identity Solutions. "Including our work in Latvia, nearly a billion secure credentials have been produced to date globally using L-1 solutions, ranging from driver's licenses to passports."
The Secure Credentialing Division of L-1 Identity Solutions offers complete systems integration and solutions for the entire secure credential lifecycle, from testing through issuance and inspection. More than 80 million secure credentials are produced annually using L-1 solutions. This includes secure driver's licenses produced in the majority of U.S. states and worldwide. Dozens of countries also rely on L-1 solutions as part of citizen credentialing programs including voter registration, passports, National ID and others. In fact, L-1 is the sole source provider of U.S. passport production capabilities and produces the U.S. Passport Card and Border Crossing Card. For more information, visit [ www.l1id.com/secure-credentailing ].
About L-1 Identity Solutions
L-1 Identity Solutions, Inc. (NYSE: ID), together with its portfolio of companies, offers a comprehensive set of products and solutions for protecting and securing personal identities and assets. Leveraging the industry's most advanced multi-modal biometric platform for finger, face and iris recognition, our solutions provide a circle of trust around all aspects of an identity and the credentials assigned to it -- including proofing, enrollment, issuance, usage and access control. Our convenient and secure fingerprinting service centers process civilian enrollment and credentialing for U.S. and Canadian government-licensed jobs and we offer a diverse set of government consulting services that encompass the most important areas of security and intelligence in the U.S. today. With the trust and confidence in individual identities provided by L-1 Identity Solutions, government entities, law enforcement and border management agencies, and commercial enterprises can better guard the public against global terrorism, crime and identity theft fostered by fraudulent identity. L-1 Identity Solutions is headquartered in Stamford, CT. For more information, visit [ www.L1ID.com ].
Forward Looking Statements
This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements in this press release and those made from time to time by L-1 Identity Solutions through its senior management are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company's current views based on management's beliefs and assumptions and information currently available. Forward-looking statements concerning future plans or results are necessarily only estimates, and actual results could differ materially from expectations. Certain factors that could cause or contribute to such differences include, among other things, regional economic and political conditions, availability of funding for the identified solutions, and the unpredictable nature of working with U.S. and foreign government customers. Additional risks and uncertainties are described in the Securities and Exchange Commission filings of L-1 Identity Solutions, including its Form 10-K for the year ended December 31, 2007 and its Form 10-Q for the quarterly period ended September 30, 2008. L-1 Identity Solutions expressly disclaims any intention or obligation to update any forward-looking statements.
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