L-1 to Open 75+ Centers and Expects to Process More than 200,000 Submissions Annually for State Jobs and Licenses Requiring Fingerprint-based Background Checks
STAMFORD, Conn., Oct. 29 /PRNewswire-FirstCall/ -- L-1 Identity Solutions, Inc. (NYSE: ID), a leading provider of identity solutions and services, was selected by the State of New York as the winning bidder for a five-year contract estimated at up to $250 million to provide enrollment services through the Division of Criminal Justice Services (DCJS). The contract, which is in the process of finalization, is with the Enrollment Services Division of L-1 and is expected to include two additional one-year renewals for potential combined contract duration of up to seven years.
L-1 will provide New York state residents with more than 75 new and convenient facilities for fingerprinting, background checks and processing of other data required for applications to certain jobs and state licenses. L-1 expects most network traffic to come initially from processing for the Office of Children and Family Services, Department of Health, Department of Motor Vehicles and the Department of State. In addition to these DCJS submissions, L-1 will offer its service centers to banks for processing American Bankers Association (ABA), Financial Industry Regulatory Authority (FINRA) and The Clearinghouse submissions, as well as FINRA submissions from brokerages.
L-1 initially expects to process more than 200,000 applicants annually in New York state. This figure could grow to over a half a million prints annually if the network is utilized by other state agencies and employers.
"This is an important win for us as we now have a strong enrollment services presence in the top five most heavily populated states including California, Texas, Florida, Illinois and now New York," said Robert V. LaPenta, Chairman, President and CEO of L-1 Identity Solutions. "The range of enrollment services we offer, the superior technology behind it, and our strong customer service capabilities has made L-1 the preferred provider across the U.S."
Fast and Accurate Identity Information for More Secure Licensing and Employment Decisions
The Enrollment Services Division of L-1 provides fingerprint-based background checks services that process applicant data required for federal and state licensed programs and jobs in the banking, finance, insurance, healthcare, legal, real estate, education and other industries. L-1 operates a network of more than 550 convenient and secure centers located across 46 U.S. states and in most Canadian provinces where prospective licensee and employee fingerprints are captured in a friendly, professional environment by a certified fingerprint technician. The prints are taken using state-of-the-art live scan equipment that captures fingerprints without the use of ink and submits them electronically. As a result, customers can receive criminal history results in days -- faster results means agencies and organizations get the identity information needed to make licensing and hiring decisions more quickly and accurately than ever before. More than six million people have been printed to date through L-1 enrollment services. For more information, or to locate an L-1 center, go to http://www.l1id.com/pages/20-enrollment-services.
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 security 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 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. 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, the ability of L-1 to successfully finalize and sign the definitive contract with the State of New York, the ability of the Company to maximize the value of the contract over its potential term and renewals, 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, 2007 and its 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 statements.
L-1 Identity Solutions
|SOURCE L-1 Identity Solutions, Inc.|
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