L-1 Identity Solutions Protests TWIC Contract Award.STAMFORD, Conn. -- L-1 Identity Solutions, Inc., (NYSE NYSE See: New York Stock Exchange :ID), a leading supplier of identity solutions and services, announced that the Company's wholly-owned subsidiary, Integrated Biometric Technology, today initiated a protest over the Transportation Security Administration (TSA TSA See tax-sheltered annuity (TSA). ) award of the $69.5 million Transportation Works Identification Card (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 ) contract to Lockheed Martin For the former company, see . Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. Corporation. The award was made on January 29, 2007. The TWIC program will require that a tamper-resistant biometric credential be carried by every transportation and maritime worker nation-wide in an effort to better control security around the nation's ports, port facilities and vessels. TWIC was developed in response to the vulnerabilities identified in the various areas of the transportation system and is mandated by the USA PATRIOT Act USA PATRIOT Act [Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorists], 2001, U.S. , 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. , and the Maritime Transportation Security Act. IBT (1) (Instructor Based Training) Training courses conducted by human teachers. (2) (Internet Based Training) Training courses provided via the Internet. filed its protest with the FAA Office of Dispute Resolution for Acquisition (ODRA), the adjudicative ad·ju·di·cate v. ad·ju·di·cat·ed, ad·ju·di·cat·ing, ad·ju·di·cates v.tr. 1. To hear and settle (a case) by judicial procedure. 2. body that resolves challenges to TSA award decisions. Mr. Robert LaPenta, Chairman, Chief Executive Officer and President of L-1, the parent corporation of IBT, said that he decided to initiate this bid protest reluctantly, only after realizing that the TSA apparently made certain critical mistakes in its evaluation of the IBT proposal. Mr. LaPenta said, "We are convinced that had the TSA evaluated all offer proposals fairly and properly, the Agency would have concluded that the IBT team unquestionably un·ques·tion·a·ble adj. Beyond question or doubt. See Synonyms at authentic. un·ques tion·a·bil offered the government the most capable, most affordable, and best value solution." The IBT team has been performing similar work for the TSA for many years in the HazMat (Hazardous Materials) arena and has consistently received outstanding reviews from TSA for such work. Since 1993, L-1 companies, including IBT, have provided electronic fingerprinting services to a wide variety of agencies and industries at convenient centers located across the U.S. To date, L-1 companies have processed nearly three million individuals who require fingerprint-based background checks as a basis for employment and licensing. "Having ODRA take an objective look at the TSA award decision will allow us to gain a clearer understanding of the reasons for the Agency's decision," Mr. LaPenta said. "This is the first step in that process, and our conclusions may continue to evolve as more information becomes available. At this point, however, it appears that the TSA misread mis·read tr.v. mis·read , mis·read·ing, mis·reads 1. To read inaccurately. 2. To misinterpret or misunderstand: misread our friendly concern as prying. certain key aspects of our proposal, including our proposed price." 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 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 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 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 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 size and timing of federal contract awards, performance on existing and future contracts, 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 L-1 Identity Solutions, including the Company's Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 2006. L-1 Identity Solutions expressly disclaims any intention or obligation to update any forward-looking statements. |
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