State of South Carolina Awards L-1 Identity Solutions Multi-Year Contract Estimated at $30 Million for Fingerprint Enrollment Services.
STAMFORD, Conn. -- L-1 Identity Solutions, Inc. (NYSE: ID), a leading supplier of identity management solutions and services, has received a contract from the State of South Carolina, South Carolina Law Enforcement Division (SLED), to provide digital fingerprinting services for civil applicants statewide through the South Carolina EasyPath network. The three-year indefinite delivery/indefinite quantity contract has four possible one-year renewals and a potential value of $30 million if all options are exercised.
Integrated Biometrics Technology, LLC (IBT), a wholly owned subsidiary of L-1, will provide the fingerprinting services and initially open five enrollment centers in Columbia, Greenville, Charleston, Myrtle Beach and Rock Hill, with plans to increase service to more than 30 locations throughout the State. State-of-the-art L-1 Enhanced Definition TouchPrint[TM] live scan systems will be used to collect fingerprints, with an additional layer of security provided by L-1's iA-thenticate[R], a combined hardware and software product that automatically authenticates documents including driver's licenses, passports and military ID cards. It is expected that approximately 500,000 applicants will be processed through the new system, which is expected to be fully operational by early 2008.
The program allows applicants to take advantage of lower electronic FBI processing fees and enables significantly faster processing times, making it possible for applicants to start work or obtain licensure in days versus weeks - an average of 83 percent faster than the current turn around time.
"The South Carolina Law Enforcement Division (SLED) is excited about our partnership with L-1 Identity Solutions," said Senior Special Agent Joe Means. "L-1 Identity Solutions is one of the leaders in electronic fingerprint processing in the United States and has developed an application that will allow us to more efficiently process applicant fingerprint cards. It is a pleasure to work with L-1's skilled team as they implement their cutting edge technologies in the State of South Carolina. These technologies will streamline our process and will allow us to better protect our citizens."
"We are very pleased to be working with the South Carolina Law Enforcement Division to implement this program to help them realize greater levels of efficiency, quality and turn around times in their application process," said Charles Carroll, CEO of IBT. "This agreement with the State of South Carolina is a testament to L-1's capabilities and we look forward to supporting similar programs around the U.S."
IBT currently operates fingerprinting networks in six other U.S. States, as well as the HazPrint program for the Transportation Security Administration.
Applicants will be able to schedule fingerprinting appointments 24 hours a day, seven days a week via a secure Web site or by calling a toll-free phone number Monday-Friday, 8am-5pm ET. For agencies with 30 or more applicants, on-site fingerprinting sessions will be available, a useful service for orientations or training sessions. Agencies utilizing the system also will have the option of obtaining a wide variety of management reports online in real time via a secure reporting Web site, providing even greater increases in efficiency.
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.
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. These forward-looking statements reflect the Company's current views based on management's beliefs and assumptions and information currently available. Forward-looking statements 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 obtain all option renewals under, and maximize the potential value of, the contract with SLED and general economic and political conditions and other factors. 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 for the quarterly period ended September 30, 2007. L-1 Identity Solutions expressly disclaims any intention or obligation to update any forward-looking statements.
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|Date:||Dec 10, 2007|
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