L-1 Identity Solutions Receives $4.9 Million Task Order for HIIDE Biometric Enrollment and Recognition Devices - June 27, 2008
STAMFORD, Conn.-L-1 Identity Solutions, Inc. (NYSE: ID), a leading provider of identity solutions and services, received a $4.9 million order for HIIDE (Handheld Interagency Identity Detection Equipment) biometric enrollment and recognition devices. The name of the customer was not announced due to customer confidentiality requirements.
“Demand for our HIIDE biometric recognition devices continues to escalate as the device rapidly becomes an integral tool in the global effort to protect citizens from crime and terror,” said Robert V. LaPenta, Chairman and CEO of L-1 Identity Solutions. “The devices offer a faster, less intrusive and more secure means of identification at a time when no other comparable resource exists. From our troops in the field to law enforcement at home, our customers rely on L-1 to provide the trust in identities they need to keep citizens safe at home and abroad.”
HIIDE™ is the world's first rugged hand-held biometric enrollment and recognition device that provides real-time identification using iris, finger and face biometrics. Over 7,500 devices are currently fielded into areas of conflict around the world. The device uses the highly accurate proprietary Daugman algorithm for biometric matching.
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 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 expectations based on management's beliefs and assumptions and information currently available, and actual results could differ materially from such expectations. Certain factors that could cause or contribute to such differences include, among other things, the availability of funding from government and commercial customers for L-1's products and solutions, general economic conditions, the unpredictable nature of working with government customers, and the ability of L-1 to successfully close its pending transaction with Digimarc Corporation on a timely basis or at all. Additional risks and uncertainties are described in the Securities and Exchange Commission filings of the L-1 Identity Solutions, including the Company's Annual Report on Form 10-K for the year ended December 31, 2007 and the Company's Quarterly Report on Form 10-Q for the year ended March 31, 2008. L-1 Identity Solutions expressly disclaims any intention or obligation to update any forward-looking statements.
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Contacts
L-1 Identity Solutions
Doni Fordyce, 203-504-1109
dfordyce@L1ID.com
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