Extension Options Would Add an Additional $16 Million
L-1 Identity Solutions, Inc. (NYSE: ID), a leading provider of identity
solutions and services, was awarded contracts and contract extensions
from Delaware, Louisiana, Tennessee, Indiana and a State to be named at
a later date, to continue providing secure driver’s license solutions,
bringing the total value of these contracts to $27.6 million. Extension
options in the yet-to-be-named State would add an additional $16
million. All of the awards were made to the Secure Credentialing
Division of L-1.
A seven-year contract with the Delaware Division of Motor Vehicles (DMV)
includes a new tamper evident card with various security features from
L-1 embedded in the card to make counterfeiting more difficult. The new
system will integrate L-1’s document authentication solution into the
State’s workflow process to streamline transactions and provide an
increased level of confidence that applicant information is not
fraudulent. Additionally, facial recognition technology from L-1 will
enable a comparison of a customer's photo against the DMV’s database of
photos to detect fraud.
A four-year contract signed with a State to be named at a later date
includes a new card design that incorporates additional security
features and equipment upgrades for new signature pads, image cameras
for photo capture, and printers from L-1. The contract enabling L-1 to
continue providing secure driver’s license solutions to this State
includes the option for two two-year extensions that would add an
additional $16 million. The State will remain unnamed until
implementation is complete.
L-1 secured a contract extension with the Louisiana Office of Motor
Vehicles (OMV) to continue secure driver’s license production and
vehicle registrations. L-1 has provided solutions to the Louisiana OMV
for more than three decades. The Tennessee Department of Motor Vehicles
also extended its driver’s license solution contract with L-1.
Indiana recently received federal funding for secure issuance of
driver’s licenses.
