L-1 Identity Solutions Reports Fourth Quarter And Full Year Ended December 31, 2010 Financial Results
L-1 Identity Solutions, Inc. (NYSE:ID), a leading supplier of identity solutions and services, today filed its Form 10-K for the full year ended December 31, 2010 with the Securities and Exchange Commission (SEC). Given the Company’s pending merger with Safran SA, L-1 will not hold a conference call to discuss the fourth quarter and full year financial results. Interested parties should refer to the Company’s Form 10-K for financial results for the full year ended December 31, 2010 which was filed with the SEC today.
As previously disclosed, the acquisition of L-1 by Safran SA in a merger transaction pursuant to the agreement entered into on September 19, 2010 is expected to close this quarter, subject to the timing of the Committee on Foreign Investment in the United States process in respect of the merger and assuming satisfaction or waiver of all other applicable conditions. The sale of L-1's intelligence services businesses to BAE Systems Information Solutions Inc. (a subsidiary of BAE Systems, Inc., the U.S. affiliate of BAE Systems plc) was completed on February 15, 2011.
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 and Enrollment 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 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 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, 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 customer funding for L-1 products and solutions, general economic and political conditions, the timing of consummating the previously announced proposed merger with Safran, the risk that conditions to closing the merger may not be satisfied or waived, the risk that a regulatory approval that may be required for the merger is not obtained or is obtained subject to conditions that are not anticipated, other risks and uncertainties described in the Securities and Exchange Commission filings of L-1 Identity Solutions, including its Form 10-K for the year ended December 31, 2010. L-1 Identity Solutions expressly disclaims any intention or obligation to update any forward-looking statements.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV