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Published in Stocks and Investing on Thursday, July 1st 2010 at 12:11 GMT by Market Wire
STAMFORD, Conn.--([ BUSINESS WIRE ])--L-1 Identity Solutions, Inc. (NYSE: ID), a leading provider of identity solutions and services, announced that it received a follow-on order from an existing U.S. government customer for additional ABIS (Automated Biometric Identification System) license capacity. The order increases the existing operating capacity of the ABIS system software currently being utilized by a U.S. defense agency.
"The additional license capacity underscores the ongoing importance that our customer places on the ABIS solution as part of national security efforts"
aThe additional license capacity underscores the ongoing importance that our customer places on the ABIS solution as part of national security efforts,a said Robert V. LaPenta, Chairman, President and CEO of L-1 Identity Solutions. aWe look forward to continuing to support the customera™s needs on this important program moving forward.a
About L-1 Identity Solutions
L-1 Identity Solutions, Inc. (NYSE: ID) protects and secures personal identities and assets. Its divisions include Biometrics / Enterprise Access and Secure Credentialing solutions, as well as Enrollment and Government Consulting services. With the trust and confidence in individual identities provided by L-1, international governments, Federal and State agencies, law enforcement and commercial businesses can better guard the public against global terrorism, crime and identity theft fostered by fraudulent identity. L-1 Identity Solutions has more than 2,200 employees worldwide and 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 are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and 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, the availability of government funding for L-1's products and solutions, the unpredictable nature of working with federal, state and local government customers, and general economic and political conditions. 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, 2009 and the Companya™s Form 10-Q for the quarter ended March 31, 2010. L-1 Identity Solutions expressly disclaims any intention or obligation to update any forward-looking statements.
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