Defense Stocks News - L-1 Identity Solutions (NYSE:ID) Receives Contract to Provide Secure Driver's License Solution for New Jersey Valued at $18 Million

Category: Investment, Defense

STAMFORD, Conn. - February 18, 2010 - (Nationalhomelandsecurityknowledgebase.com Defense News) - L-1 Identity Solutions, Inc. (NYSE: ID), a leading provider of identity solutions and services, was awarded a seven-year contract by the State of New Jersey Motor Vehicle Commission to provide a secure driver's license solution. The first year of the contract will include the ramp up and implementation of the new system and the remaining six years will consist of card production and equipment and software maintenance.

Researching Homeland Security and Defense Stocks?

Get our Global stocks directory in PDF for just $29.95

Start trading today!

New Jersey is changing its pre-existing workflow process for driver's license issuance to incorporate photo-first capabilities as part of the State's effort to curb identity-related fraud. In addition, the State is implementing a secure card production solution as part of its over-the-counter system that will exceed the recommended standards set by the American Association of Motor Vehicle Administrators and the U.S. Department of Homeland Security, making the cards compliant with proposed standards set forth in the REAL ID Act.

Robert V. LaPenta, Chairman, President and CEO of L-1 Identity Solutions said, “New Jersey is a strategic win for L-1 and an important bellwether to the Nation as a State that is not just focused on the identity management concerns of its citizens today, but also on setting new standards that will ensure the most secure credential possible in the future. The performance our team has demonstrated to the State in supporting this endeavor, along with the confidence the customer places in our solutions, gives us great pride."

The contract was awarded to L-1 as the result of a competitive process.

About L-1 Identity Solutions

L-1 Identity Solutions, Inc. (NYSE: ID) protects and secures personal identities and assets. Its divisions include Biometrics / Enterprise Access and Secure Credentialing solutions, as well as Enrollment and Government Consulting services. With the trust and confidence in individual identities provided by L-1, international governments, federal and state agencies, law enforcement and commercial businesses can better guard the public against global terrorism, crime and identity theft fostered by fraudulent identity. L-1 Identity Solutions has more than 2,200 employees worldwide and 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 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, availability of government funding for L-1's products and solutions, the unpredictable nature of working with federal, state and local government customers, 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, 2008. L-1 Identity Solutions expressly disclaims any intention or obligation to update any forward-looking statements.

ID-ID originally addressed. Further, it may be protected by certain agreements, legal privilege, legal precedent or law. It must not be read by or disclosed to any person other than the intended recipient without the express permission of the sender. If this email message is received by anyone other than the designated recipient, please delete it, including all attachments, and notify the sender immediately by return email.

Defense News Published at National Homeland Security Knowledgebase Newswire: Security and Defence News RSS Feed

Submit your Defense news here: Publish your news and be seen by an average of 20,000- 30,000 visitors a day. Check out our Alexa Ranking

More Defense Stocks info: Visit the Defense and Homeland Security Stocks Directory.

Disclaimer: If you have any questions regarding information in these press releases please contact the company listed in the press release.National Homeland Security Knowledgebase Newswire disclaims any content contained in these releases.