L-1 Awarded $40 Million Fingerprint Contract for State of Tennessee

L-1 Identity Solutions, a leading supplier of identity solutions and services, was named the exclusive provider of digital fingerprinting services for the State of Tennessee in a contract valued at $40 million. The three-year contract with the Tennessee Applicant Processing Services (TAPS) program includes two additional one-year renewals for a potential combined contract duration of up to five years. read more

L-1 Identity Solutions and Safran Group Receive Approval for their Pending Merger

L-1 Identity Solutions, a leading supplier of identity solutions and services, and Safran announced that in connection with the pending acquisition of L-1 by Safran, the parties have reached a final agreement on the terms of a definitive mitigation agreement with the United States government. L-1 and Safran were notified by CFIUS on July 19, 2011 that the investigation of the merger transaction is complete and that there are no unresolved national security concerns with respect to the transaction. With CFIUS approval for the merger, and having satisfied all other conditions required prior to closing, the parties intend to complete the merger transaction within the next five business days. read more

Prominent American University Secures New Facility with L-1 4G Fingerprint Readers

While the use of biometrics in higher education is still relatively a new concept in North America, it has seen success in the few facilities it has been implemented in. The latest educational institution to implement a biometric access control solution is considered to be one of the top research universities in the world. read more

L-1 Elaborates Acquisition Negotiations Having More Progresses with CFIUS

L-1 Identity Solutions, announced that in connection with the pending acquisition of L-1 by Safran, L-1 believes that the parties have made progress with the Committee on Foreign Investment in the United States (CFIUS). In order to provide additional time for the efforts to negotiate the terms of a definitive mitigation agreement, CFIUS has accepted the joint request by Safran and L-1 to voluntarily withdraw the CFIUS notification and the parties have refiled the notification.  read more

L-1 Biometric Readers Streamline Circuit Protection Company Personnel Management

A leader in circuit protection, provides the broadest and deepest portfolio of circuit protection products and solutions. Backed by technical support, design and manufacturing expertise, their products are vital components in virtually every product that uses electrical energy, including portable and consumer electronics, automobiles, industrial equipment and telecom/datacom circuits.  read more

L-1 Identity Solutions Stockholders to Vote on Merger with Safran

L-1 Identity Solutions, a supplier of identity solutions and services, will hold a special meeting of stockholders to vote on the previously announced merger transaction with Safran Son February 3. L-1 stockholders of record as of the close of business on December 27, 2010, will be entitled to receive notice of, and voting materials relating to, the special meeting.  read more

L-1 Identity Solutions Awarded $5.5 Million ABIS Contract

L-1 Identity Solutions, a provider of identity solutions and services, won a US$5.5 million order from an existing US government customer for Automated Biometric Identification System (ABIS) license capacity. The order increases the existing operating capacity of ABIS system software currently being utilized by the US Department of Defense.  read more

L-1 Identity Solutions Awarded $24.5 Million Indian National ID Order

L-1 Identity Solutions, a provider of identity solutions and services, has received US$24.5 million in purchase orders for finger and iris biometric capture devices for the initial phase of India’s Unique Identification Number (UID) program, or AADHAAR. The orders include both fingerprint slap devices and iris cameras, both of which have been certified for the UID program by the Standardization, Testing and Quality Certification Directorate for the Government of India’s Department of Information Technology (DIT). read more

Safran Buys L-1 Identity Solutions for $1.6 Billion

L-1 Identity Solutions entered into an agreement to be acquired by Safran in a merger transaction providing for stockholders to receive US$12 per share in cash, for an aggregate enterprise value of approximately $1.6 billion, inclusive of outstanding debt. The per share consideration of $12 incorporates the purchase price to be received pursuant to the sale of the L-1 intelligence services businesses as described below. The per share price represents a premium of 24 percent over L-1's closing stock price on the NYSE on Sept. 17, and a premium of 66 percent over the closing stock price on Jan. 5, the day prior to L-1's announcement of its strategic alternatives review process.  read more