Florida Department of Financial Services Awards L-1 Identity Solutions Five-Year Contract for Fingerprint Enrollment Services.Integrated Biometric Technology LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a Subsidiary of L-1, Provides Fully Automated Fingerprint-Based Applicant Processing System for Background Checks STAMFORD, Conn. -- L-1 Identity Solutions, Inc. (NYSE NYSE See: New York Stock Exchange :ID), a leading supplier of identity management solutions and services, today announced that the company's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Integrated Biometric Technology LLC (IBT (1) (Instructor Based Training) Training courses conducted by human teachers. (2) (Internet Based Training) Training courses provided via the Internet. ) was awarded a five-year contract from the Florida Department Florida is a department (departamento) of Uruguay. Population and Demographics As of the census of 2004, there were 68,181 people and 21,938 households in the department. The average household size was 3.1. For every 100 females, there were 100.4 males. of Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. (FLDFS FLDFS Florida Department of Financial Services ). The contract calls for a fully Automated Fingerprint-Based Applicant Processing System (AFAPS) that is expected to process the fingerprints of more than 70,000 resident and non-resident insurance agents annually with a contract value estimated at approximately $22 million over five years. IBT plans to use this as a foundation to establish a statewide fingerprinting network to be able to process over 900,000 applicants in the state of Florida. "IBT has worked closely with the Florida Department of Financial Services over the past year to implement the pilot program and in that time demonstrated that they were the clear choice to execute a low-risk and timely delivery of the statewide program," remarked Audrey Huggins, Director of Special Projects for the Florida Department of Financial Services. "IBT has proven that it has the ability to rapidly implement an electronic fingerprint network and the company is knowledgeable of and sensitive to the needs of the Department." The FLDFS program is expected to be fully operational by January 2007, with fingerprint sites strategically placed throughout the state to provide convenient access for all FLDFS applicants. "Our proven track record of successfully delivering AFAPS programs gives us the experience to deliver a fully compliant solution that accomplishes the Department's goals for implementation and efficiency," remarked Charles Carroll, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of IBT. "The ability to leverage our combined experienced management team, substantial financial resources and extraordinary technical capabilities will strengthen our position in the marketplace and we believe these factors will be essential in our continued success for securing awards of this caliber." Comprehensive Enrollment Services As an L-1 Identity Solutions company, IBT provides enrollment services for background checks. These processes allow government agencies, law enforcement and commercial businesses to capture fingerprints and print high-quality fingerprint cards, submit fingerprint files for applicant criminal records checks, and scan ink and paper cards to convert them for electronic submission to law enforcement agencies A law enforcement agency (LEA) is a term used to describe any agency which enforces the law. This may be a local or state police, federal agencies such as the Federal Bureau of Investigation (FBI) or the Drug Enforcement Administration (DEA). for criminal record checks. IBT is a proven industry leader. In 2001 the company introduced the first laptop-based, easy to use, portable live scan system, and IBT continues to lead the way in developing technology that keeps its products ahead of the marketplace in both features and performance. The IBT state-of-the-art live scan systems are certified by both the Federal Bureau of Investigation Federal Bureau of Investigation (FBI), division of the U.S. Dept. of Justice charged with investigating all violations of federal laws except those assigned to some other federal agency. and Florida Department of Law Enforcement. The system provides secure communications upstream and downstream to ensure safe handling of sensitive, personal and government data. In addition, the live scan systems offer: * A full-service, fee-based AFAPS program that assumes responsibility for system procurement, collection of fees, financial reconciliation and timely payment of invoices. * Pre-population of demographic data that enables FLDFS applications to provide the demographic data via a Website or a toll free number that will minimize the time an applicant spends at a fingerprint site. * The ability to generate reports as required by the department that will aid data analysis and flow in each county. These can be customized to deliver additional reports as defined by the department. L-1 Identity Solutions Companies Continue Momentum at the State Level Following L-1 Identity Solution's successful integration of Identix Identification Services (IIS (Internet Information Services) Microsoft's Web server. IIS runs under the server versions of Windows, adding HTTP server capability to the Windows operating system. ) with and into IBT, IBT is now the largest applicant fingerprinting service company in the U.S., with the broadest customer base and the most relevant skills in the fingerprinting arena. IBT customers are supported by 160 experts who have direct experience with a wide variety of state and federal agencies, as well as business identities. This year IBT is expected to electronically fingerprint one million applicants. Currently the company operates 360 live scan fingerprinting centers in support of seven statewide AFAPS programs in California, Texas, Florida, Illinois, Michigan, Missouri and Oklahoma. IBT also operates 115 live scan fingerprinting centers in 37 states in support of the TSA TSA See tax-sheltered annuity (TSA). HAZPRINT program. "IBT capabilities are a critical asset to L-1 Identity Solutions; their expertise, coupled with the opportunity to leverage the multi-biometric technologies of our various divisions, provides us with the depth required to efficiently address a program of this size and complexity," remarked Robert LaPenta, Chairman of the Board, President and Chief Executive Officer of L-1 Identity Solutions. "The IBT win in Florida is the most recent example of the benefits of integration with L-1 companies. We look forward to providing similar integrated services for programs like TWIC TWIC Transportation Worker Identification Credential (US Transportation Security Administration) TWIC This Week In Chess TWIC This Week in Common (Earlham School of Religion) TWIC Transportation Worker Identity Card , HSPD-12 and other key security programs." L-1 Identity Solutions is one of three vendors permitted to sell live scan technology in Florida, and its divisions maintain relationships within other Florida government agencies and law enforcement groups. These include: * St. Petersburg-Clearwater International Airport St. Petersburg-Clearwater International Airport (IATA: PIE, ICAO: KPIE, FAA LID: PIE) is an airport located in unincorporated Pinellas County, Florida, six miles north of St. Petersburg, serving St. uses the Identix Live Scan TouchPrint 2000 Applicant Fingerprint System to assist in complying with the employee background check requirements of the Aviation and Transportation Security Act The Aviation and Transportation Security Act (ATSA, Pub.L. 107-71 November 19, 2001) was enacted by the 107th United States Congress in the immediate aftermath of the September 11, 2001 attacks. . * The Florida Supreme Court uses Identix Biometric Security Solutions to secure the District Court of Appeals and Supreme Court WAN Enterprise, which encompasses five District Courts of Appeal and the State Supreme Court. * The Pinellas County Sheriff's Office You can improve this article by adding links to related material, within the existing text. After links have been created, remove this message. For more information, see the . * Viisage iA-thenticate, an automatic document authentication technology, is used by the Florida Department of Highway Safety and Motor Vehicles to ensure that state driver licenses are issued only to the rightful owners. About L-1 Identity Solutions L-1 Identity Solutions, Inc. (NYSE: ID) consists of, among other businesses, the historic operations of Viisage Technology, Inc. and Identix Incorporated, which merged on August 29, 2006. L-1 Identity Solutions, 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 and usage. 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. ID-L Forward Looking Statements This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements in this document and those made from time to time by L-1 Identity Solutions through its senior management are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements reflect the Company's current views with respect to the future events or financial performance discussed in this release, based on management's beliefs and assumptions and information currently available. When used, the words "believe", "anticipate", "estimate", "project", "should", "expect", "plan", "assume" and similar expressions that do not relate solely to historical matters identify forward-looking statements. 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 size and timing of contract awards, performance on contracts, performance of acquired companies, availability and cost of key components, unanticipated results from audits of the financial results of the Company and acquired companies, changing interpretations of generally accepted accounting principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting , outcomes of government reviews, developments with respect to litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. to which we are a party, potential fluctuations in quarterly results, dependence on large contracts and a limited number of customers, lengthy sales and implementation cycles, market acceptance of new or enhanced products and services, proprietary technology and changing competitive conditions, system performance, management of growth, dependence on key personnel, ability to obtain project financing Project financing A form of asset-based financing in which a firm finances a discrete set of assets on a stand-alone basis. , general economic and political conditions and other factors affecting spending by customers, and the unpredictable nature of working with government agencies. Additional risks and uncertainties are described in the Securities and Exchange Commission filings of the Identix Incorporated and Viisage Technology, Inc., including Viisage's Registration Statement on Form S-4 filed with the SEC in connection with the transaction, Viisage's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2005 and its Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 2006 and June 30, 2006 under the captions "Risk Factors" and "Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Condition and Results of Operations." L-1 Identity Solutions expressly disclaims any obligation to update any forward-looking statements. |
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