L-1 Identity Solutions Named Exclusive Provider Of Digital Fingerprinting Services For State Of Tennessee In A Contract Valued At $40 Million
L-1 Identity Solutions, Inc. (NYSE: ID), 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
L-1 Identity Solutions, Inc. (NYSE: ID), 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. The fingerprints are necessary for citizens employed as child care workers, school employees and real estate and insurance agents. The prints are also required for those seeking a State and/or Federal license permit, such as commercial drivers seeking to transport Hazardous Materials (HAZMAT) and citizens seeking to carry a handgun. The State may add more groups to the L-1 fingerprinting network over time. “We are excited to partner with L-1 to offer our citizens a secure method to provide fingerprints and background checks required for employment and license permits,” said Ed Jones, Deputy Director of the Tennessee Bureau of Investigation (TBI). "L-1 is a leader in electronic fingerprinting and their cutting edge technology will help us process and better protect the citizens of Tennessee from crime, theft and fraud.” At the L-1 locations, prospective licensee and employee fingerprints are captured in a professional environment by a certified fingerprint technician using state-of-the-art technology that captures the prints without the use of ink and submits them electronically for processing via a secure private network. The applicant’s personal information and record remain secure and private by residing in the State’s central database system, not on personal computers at the fingerprint locations. With the L-1 service, criminal history results are received quickly and securely in a few days, not months. Faster results means agencies and organizations get the identity information needed to make licensing and hiring decisions more quickly and accurately than ever before.
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.