Oct. 5, 2009 (Business Wire) -- L-1 Identity Solutions, Inc. (NYSE:ID), a leading provider of identity solutions and services, today announced it was awarded a new contract to continue providing high security production systems for U.S. passports. The indefinite quantity contract has a potential value of up to $195 million and was awarded by the Department of State (DoS) Bureau of Consular Affairs, Consular Systems and Technology Directorate to Trans Digital Technologies Corporation (TDT), a wholly owned subsidiary of L-1 Identity Solutions, Inc.
The new contract, which has a potential term of five years (one year base and four option years) follows the completion of the previous contract agreement and encompasses ongoing support of the DoS in 22 domestic passport agencies and production centers through the continued use of the MP300US printing system. Additionally, TDT will provide security products, technical support, and maintenance needed to sustain U.S. passport production operations at all current and future passport facilities.
Added Robert V. LaPenta, Chairman, President and CEO of L-1 Identity Solutions, “We are very pleased to continue to serve the needs of the Department of State and other federal agencies. This contract is an important validation for our business and underscores the confidence that our customers place in us with the most critical of missions.”
For more than a decade TDT has supported the DoS with the Toppan MP300US passport printing system as part of the Travel Documents Issuance System (TDIS) for the issuance of U.S. passport books.
About L-1 Identity Solutions
L-1 Identity Solutions, Inc. (NYSE: ID) protects and secures personal identities and assets. Its divisions include Biometrics, Secure Credentialing and Enterprise Access 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, the ability of the Company to successfully maximize the term and value of the identified contract, the 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 the Company, including the Company’s Form 10-K for the year ended December 31, 2008 and the Company’s Form 10-Q for the quarter ended June 30, 2009. L-1 Identity Solutions expressly disclaims any intention or obligation to update any forward-looking statements.
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