Stocks & Investing
Stocks and Investing
Stocks and Investing
Tue, September 28, 2010 L-1 Identity Solutions Receives $5.5 Million Order from an Existing U.S. Government Customer for ABIS License Capacity
STAMFORD, Conn.--([ BUSINESS WIRE ])--L-1 Identity Solutions, Inc. (NYSE: ID), a leading provider of identity solutions and services, announced that it received a $5.5 million order from an existing U.S. government customer for ABIS (Automated Biometric Identification System) license capacity. The order increases the existing operating capacity of ABIS system software currently being utilized by the U.S. Department of Defense.
"We appreciate the trust and confidence that our customer places in us and we expect this important relationship to continue well into the future."
aThis order reaffirms the value that our ABIS brings as part of homeland security efforts and the vital role it continues to plays in national security programs,a said Robert V. LaPenta, Chairman, President and CEO of L-1 Identity Solutions. aWe appreciate the trust and confidence that our customer places in us and we expect this important relationship to continue well into the future.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 customer funding for L-1's products and solutions, general economic and political conditions, the ability of the Company to consummate on a timely basis the proposed transactions that provide for the sale of the Company, the risk that a condition to closing such proposed transactions may not be satisfied, the risk that a regulatory approval that may be required for such proposed transactions is not obtained or is obtained subject to conditions that are not anticipated,the ability of the Company to successfully refinance or amend its credit agreement on a timely basis if required, and additional risks and uncertainties 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 Company's Form 10-Q for the quarter ended June 30, 2010. L-1 Identity Solutions expressly disclaims any intention or obligation to update any forward-looking statements.
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