L-1 Identity Solutions Shipped $8.3 Million of HIIDETM and PIERTM Devices in the Second Quarter 2009
Biometrics Division Meets Business Goals for the First Half of the Year STAMFORD, Conn.--(Business Wire)-- L-1 Identity Solutions, Inc. (NYSE: ID), a leading provider of identity solutions and services, announced that in the second quarter it shipped $8.3 million in PIER and HIIDE biometric enrollment and recognition devices for use in areas of conflict around the world. Of that, $2.7 million was from new purchase orders awarded in the quarter. The orders were received by the Biometrics Division of L-1. "I am pleased to report that the biometrics division has achieved its business goals and objectives for the first half of the year and we expect to see additional awards for multi-modal devices throughout the remainder of 2009," said Robert V. LaPenta, Chairman, President and CEO of L-1 Identity Solutions. "Adoption of our handheld devices continues to move at a steady and strong pace globally, underscoring that the level of functionality of our solutions, and our ability to meet customer demands anywhere, anytime, is unsurpassed in the identity management industry." HIIDE is the world's first ruggedized tri-modal mobile biometric enrollment and recognition device providing real-time identification using iris, finger and face biometrics. First introduced in 2005, it is the most pervasive device of its kind with over 9,000 devices fielded into areas of global conflict. It is also the most widely deployed multi-modal device with defense agencies. More than 4,000 PIER devices are in the field today, used for mobile enrollment and identification based on iris recognition. 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, 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 March 31, 2009. L-1 Identity Solutions expressly disclaims any intention or obligation to update any forward-looking statements. ID-V L-1 Identity Solutions Doni Fordyce, 203-504-1109 dfordyce@L1ID.com Copyright Business Wire 2009
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