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
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.
L-1 Identity Solutions (NYSE:ID) hit a new 52-week high Tuesday as it is currently trading at $12, above its previous 52-week high of $11.96 with 2.4 million shares traded as of 9:36 a.m. ET. Average volume has been 2.1 million shares over the past 30 days.