Business Services Industry
L-1 Identity Solutions Facial Recognition Technology Proves to be an Effective Tool in Fraud Detection Efforts in the U.S. and Canada
Business Wire, May 20, 2009
New Contracts with the State of New York and Ontario, Canada Help Eliminate Fraud from Individuals Applying for Multiple Driver’s Licenses Under Different Identities
STAMFORD, Conn. -- L-1 Identity Solutions, Inc. (NYSE: ID), a leading provider of identity solutions and services, today announced that facial recognition technology is proving to be a highly effective tool in fraud detection efforts among U.S. and Canadian driver’s license issuers. L-1 recently signed new facial recognition contracts with an aggregate value of approximately $4.1 million with New York and the Ministry of Transportation Ontario (MTO).
“The matching accuracy and robustness of our facial recognition solutions makes L-1 the preferred provider among driver’s license issuers worldwide,” said Robert V. LaPenta, Chairman, President and CEO of L-1 Identity Solutions. “The trust we have established with our customers enables us to work closely alongside them, providing important identity management tools that can be used as part of their efforts to protect citizens from crime and theft made possible by fraudulent identities.”
In New York, a new contract for L-1 software and services will enable the State’s Department of Motor Vehicles to quickly and accurately identify instances among the 17 million facial images in the system where multiple digital images may be of the same person, an occurrence that could lead to the issuance of multiple IDs to the same individual under different and fraudulent aliases. L-1 also provides fingerprinting and background check services for security guards, private investigators, watch guard and patrol, armored car carrier, armored car guards, coin processors and bail enforcement agents as required by the New York Department of State, Division of Licensing Services in collaboration with the Department of Criminal Justice Services (DCJS). Local law enforcement in New York uses L-1 Identity management tools for criminal investigation.
The Ministry of Transportation Ontario (MTO) in Canada signed a new contract with L-1 to use the L-1 facial recognition system to enhance the integrity of the MTO’s license issuing process. The technology screens individuals applying for a license to ensure one record/one driver. The three year contract with L-1 also includes three additional one-year renewal options.
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 availability of government funding for L-1's products and solutions, the ability of L-1 to maximize the term and value of the identified contracts, 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 and its Form 10-Q for the period ended March 31, 2009. L-1 Identity Solutions expressly disclaims any intention or obligation to update any forward-looking statements.
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