L-1 Secure Credentialing Division Contract Includes Enhanced Applicant Verification and New Security Features that Combat Identity Theft and Fraud
STAMFORD, Conn., Sept. 25 /PRNewswire-FirstCall/ -- L-1 Identity Solutions, Inc. (NYSE: ID), a leading provider of identity solutions and services, today announced that the Massachusetts Registry of Motor Vehicles (RMV) awarded the Secure Credentialing Division of L-1 a new six-year contract to upgrade and further enhance the security of the Commonwealth's industry leading driver's license issuance system. The estimated value of the contract is $32 million. The contract was awarded following a competitive bidding process to Digimarc's ID Systems Business, now a part of the Secure Credentialing Division of L-1 Identity Solutions.
"We conducted a thorough and comprehensive bidding process to ensure that the Commonwealth's new driver's license system would offer superior customer service, a highly secure credential and solutions designed to thwart driver's license fraud and identity theft," said Rachel Kaprielian, Registrar of Motor Vehicles. "As a result of that process, we are pleased to have selected this team to help us achieve our goals."
The enhanced Massachusetts driver's license program is expected to significantly increase the security of the process the Commonwealth uses to issue driver's licenses while supporting the RMV's customer service goals.
"With significant resources and expertise based in our Burlington facility, we are uniquely equipped to partner with Massachusetts, one of the country's most advanced driver's license issuers on their next-generation driver's license system," said Robert V. LaPenta, Chairman, President and CEO of L-1 Identity Solutions. "We look forward to working collaboratively with the RMV to implement several key upgrades and enhancements that will further strengthen the security of their entire issuance system, including applicant data capture, identity verification, production, and card features."
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 service centers provide fingerprint-based background checks and process applicant data required for civilian licensed programs and employment positions. We also offer a diverse set of government security consulting services that encompass the most important areas of security and intelligence in the U.S. today including information technology, engineering and analytical solutions, and intelligence services. 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 http://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. Forward-looking
statements reflect the Company's current expectations based on management's
beliefs and assumptions and actual results could differ materially from
these expectations. Certain factors that could cause or contribute to such
differences include, among other things, 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 the L-1 Identity
Solutions, including the Company's Form 10-K for the year ended December
31, 2007 and the Company's Form 10-Q for each of the quarterly periods
ended March 31, 2008 and June 30, 2008. L-1 Identity Solutions expressly
disclaims any intention or obligation to update any forward-looking
L-1 Identity Solutions
|SOURCE L-1 Identity Solutions, Inc.|
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