FOR IMMEDIATE RELEASE
CONTACT:
Doni Fordyce
L-1 Identity Solutions
203-504-1109
dfordyce@L1ID.com <mailto:dfordyce@L1ID.com>
L-1 Identity Solutions and the World Bank Partner to Transform the Way Developing Countries Deliver Services to Citizens
L-1 is the Only Biometric Solution Provider to Participate in this Program Today; Company Expertise in Identity Management to Help Promote Social and Economic Development as part of the World Bank eTransform Initiative
STAMFORD, CT. — April 23, 2010 — L-1 Identity Solutions, Inc. (NYSE: ID), a leading provider of identity solutions and services, today announced a collaborative relationship with the World Bank to improve the way governments in developing countries deliver services to citizens as part of the launch of the World Bank eTransform Initiative (ETI). A Memorandum of Understanding (MOU) between L-1 and the World Bank was signed as part of the launch of the initiative today at a World Bank Spring Meeting event attended by many developing country Ministers of Finance and Communications.
The World Bank’s ETI seeks to leverage Information and Communication Technology (ICT) to build a knowledge sharing network that helps governments of developing nations to leverage the best practices of practitioners like L-1 and others to improve the delivery of social and economic services. The knowledge sharing network will focus on areas such as electronic Identification (eID), e-Procurement, e-Health and e-Education; areas vital to promoting the participation of citizens in democratic processes, such as voting, and helping undocumented citizens get access to health and welfare programs. The World Bank has a long history of promoting similar initiatives and is currently funding 14 projects related to e-government and e-ID around the world.
“The speed and precision with which developing countries administer services is dependent upon many factors, not the least of which is the ability to verify the identities of those receiving services,” said Mohsen Khalil, Director of the World Bank’s Global Information and Communication Technologies Department. “L-1 brings valuable expertise in identity management to the initiative’s knowledge network. Together with L-1 and other vendors, we look forward to building systems that better administer critical government services and reduce identity-related fraud that can dramatically increase costs of social and economic programs and prevent aid from getting to those who need it most.”
L-1 is the only biometric technology provider to participate in this program today. As part of its commitment, L-1 will leverage its expertise in identity management, specifically civilian enrollment services, biometric technologies, and design and production of secure identity documents, to contribute to the knowledge network and offer best practices for program implementation. L-1 also will hold technical briefings with World Bank staff and government leaders on key issues related to identity management.
Robert V. LaPenta, Chairman, President and CEO of L-1 Identity Solutions added, “We recognized early on that this program aligned with the goals and objectives of our Company and that there was tremendous value in our participation. We believe that identity management solutions and services can make a significant contribution to society and undocumented citizens in developing countries, bringing them out of anonymity and helping establish their place and participation in society and affirming their rights to benefits they are entitled to receive as citizens.”
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 <http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.L1ID.com&esheet=5958908&lan=en_US&anchor=www.L1ID.com&index=2> .
About the World Bank
The World Bank is a multilateral development institution and one of the world’s largest sources of financial and technical assistance to developing countries around the world. Comprised of 185 member governments, its primary focus is to help the world’s poorest people and the poorest countries. The World Bank uses its financial resources, its staff, and extensive experience to help developing countries reduce poverty, increase economic growth, and improve their quality of life.
Forward Looking Statements
This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and 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; actual results could differ materially from expectations. Certain factors that could contribute to such differences include, among other things, 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 L-1 Identity Solutions, including its Form 10-K for the year ended December 31, 2009. L-1 Identity Solutions expressly disclaims any intention or obligation to update any forward-looking statements.
ID-G