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L-1 Identity Solutions Acquires Assets of Retica Systems

April 6, 2010 By vani Leave a Comment

Accelerates Time to Market for L-1 to Deliver Sophisticated, Low Cost Biometric
Capture Solutions for Large-Scale and High Volume Civilian Identity Management
Programs
STAMFORD, Conn.–(Business Wire)–
L-1 Identity Solutions, Inc. (NYSE: ID), a leading provider of identity
solutions and services, today announced it acquired substantially all of the
tangible and intangible assets of Retica Systems, Inc. including
iris-on-the-move and iris-at-a-distance product inventory, algorithms and
software, and related intellectual property rights and customer contracts. L-1
expects the acquisition will accelerate its time-to-market in delivering
highly-accurate and lower cost biometric solutions for large-scale civilian
identity management programs that require cost-effective and rapid enrollment of
significant numbers of people, or that need to identify people at a distance and
on the move. These applications are most commonly found in large scale
entitlement and credentialing programs, as well as in border crossing, law
enforcement and other security related initiatives.

The products, technology and intellectual property rights acquired from Retica
are highly complementary to L-1`s existing iris recognition solutions portfolio
that combines the power of L-1`s leading Automated Biometric Identification
System (ABIS) software platform with advanced Daugman algorithms and
state-of-the-art hardware devices such as HIIDE and PIER.

Industry tests affirm the top-tier performance and accuracy of the L-1 Daugman
iris algorithm that is incorporated into the ABIS platform and enables on-board
matching of multiple modalities on the HIIDE and iris capture with PIER units.
By acquiring Retica`s Rapid Match, L-1 obtains a set of iris encoding and
matching tools that may be used as an enhancement tool for L-1`s already
powerful Daugman algorithm to continue to expand and enhance its market lead.

Through the acquisition of Retica`s Mobile Eyes, a low cost, portable camera
that captures dual irises simultaneously, and Eagle Eyes, a device that
definitively identifies individuals within randomly moving crowds at variable
distances through the incorporation of surveillance video and dual-iris
recognition, L-1 adds new capabilities to its already robust portfolio of
multi-modal solutions.

“This asset acquisition gives us a greater range of solutions to address a wider
set of opportunities more quickly within the growing market of high-volume and
large-scale civilian identity management programs,” Robert V. LaPenta, Chairman,
President and CEO of L-1 Identity Solutions. “Our existing solutions continue to
dominate high-end identity management applications, such as those used by
military and foreign military services in areas of conflict. With the Retica
assets, we incorporate a solution that addresses broader market applications
requiring lower cost solutions without compromising speed or accuracy. The
Retica assets also open up new opportunities for L-1 outside of the government
market, particularly in commercial identity management applications used by the
gaming, hospitality, healthcare, and other industries.”

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.

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-V

L-1 Identity Solutions
Doni Fordyce, 203-504-1109
dfordyce@L1ID.com

Filed Under: International News Tagged With: enrollment, Government, Incorporate, Retica Systems, Robert V. LaPenta

Sleep apnea ‘raises death risk’

August 18, 2009 By admin Leave a Comment

Washington, Aug 18 (ANI): Moderate to severe obstructive sleep apnea raises the risk of dying from any cause in middle-aged adults, says a new study.

The study provides the strongest evidence to date of a link between increased risk of death and sleep apnea, a common disorder in which the upper airway is intermittently narrowed during sleep, causing breathing to be difficult or completely blocked.

Overall, study participants with severe sleep apnea were at a 40 percent increased risk of death compared to those who did not have the breathing condition. The mortality risk was most apparent in men, who were more likely to die from any cause as well as from heart disease if they had severe sleep apnea.

In particular, men between the ages of 40 and 70 with severe sleep apnea were twice as likely to die during the study compared to their peers who did not have the condition.

“Sleep-Disordered Breathing and Mortality: A Prospective Cohort Study,” is published in the August 18 issue of the open-access journal PLoS Medicine.

To reach the conclusion, researchers from the Sleep Heart Health Study (SHHS) studied more than 6,000 men and women aged 40 years and older who had no sleep apnea or had mild, moderate, or severe sleep apnea as determined by a standard at-home sleep test at the beginning of the study.

After an average of eight years, participants who had severe sleep apnea at enrollment were one and one-half times more likely to die from any cause, regardless of age, gender, race, or weight, or whether they were a current or former smoker or had other medical conditions such as high blood pressure, heart disease, or diabetes. (ANI)

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Bridgepoint IPO prices 30 percent below range: source

April 15, 2009 By admin Leave a Comment

NEW YORK (Reuters) – Bridgepoint Education Inc, BPI.N an operator of online and campus universities, became the third U.S. company to go public this year, but priced its deal 30 percent below the midpoint of its estimate range of $14 to $16, a source with knowledge of the deal said on Tuesday.

San Diego-based Bridgepoint sold 13.5 million shares for $10.50 each, raising $141.75 million, the source said, far less than the company’s original estimate that the IPO could raise as much as $216 million.

The deal’s structure, in which most of the shares were sold by an existing shareholder with very little money going to the company, and a recent drop in the stocks of Bridgepoint’s rivals caused the deal to be priced less than expected, an analyst said.

“There are two reasons that I see derailed an offer whose numbers at first glance looked outstanding. First, the amount of insider selling, and second the stocks of the comparables have fallen,” said Scott Sweet, senior managing director with research firm IPO Boutique.

About 81 percent of the shares being sold are held by private equity firm Warburg Pincus.

Rivals Grand Canyon Education Inc (LOPE.O) and Apollo Group (APOL.O) have seen their shares drop about 22 percent and 30 percent, respectively, since their January highs.

Grand Canyon, which operates online universities and campuses in the Southwest and is Bridgepoint’s most direct publicly traded competitor, launched its own IPO in November, but also had to settle for less than its original estimate range, lowering the price range by $4 on the day of deal.

Enrollment and revenue at Bridgepoint grew by about 150 percent in the year ended December 31, 2008, according to a regulatory filing, but questions as to whether the company can sustain that pace led investors to demand a lower price, an analyst said.

“They have taken low hanging fruit — those were small colleges,” said Francis Gaskins, president of research firm IPO Desktop, in reference to the schools Bridgepoint has acquired in recent years, including Ashford University in Clinton, Iowa, and University of the Rockies in Colorado Springs.

It may prove harder to acquire additional colleges to spur growth, and the online university industry is more competitive now, Gaskins added.

As of December 31, 2008, Bridgepoint student enrollment was 31,558, with revenue of $218.3 million, and it offered about 44 degree programs with 55 specializations, according to a filing.

Bridgepoint is the third IPO so far in 2009, following the $828 million deal in February by pediatrics nutrition maker Mead Johnson Nutrition Co (MJN.N) and the $120 million IPO in early April by Chinese video game maker Changyou.com Ltd (CYOU.O).

Both deals priced at the top of their estimate ranges and rose by 10 percent and 25 percent, respectively, in their trading debuts.

Bridgepoint IPO’s underwriters, led by Credit Suisse (CSGN.VX) and JP Morgan (JPM.N), have the option to buy up to 2.025 million additional shares to cover over-allotments.

The company plans to list on the New York Stock Exchange under the symbol “BPI” and begin trading Wednesday.

(Reporting by Phil Wahba; Editing Bernard Orr)

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Former inmates ‘more prone to high BP’

April 14, 2009 By admin Leave a Comment

Washington, Apr 14 (ANI): Former prison inmates are more likely to have high blood pressure than those who have never been incarcerated, says a new study.

What’s more, young adults who have been incarcerated appear more likely to have left ventricular hypertrophy, an enlarging of the heart muscle that is a common consequence of hypertension, according to a report in the April 13 issue of Archives of Internal Medicine, one of the JAMA/Archives journals.

To reach the conclusion, Emily A. Wang, M.D, formerly of San Francisco General Hospital and the University of California, San Francisco, and colleagues studied the association of prior incarceration with future onset of high blood pressure (hypertension), diabetes and abnormal cholesterol in 4,350 individuals involved in the Coronary Artery Risk Development in Young Adults (CARDIA) study.

Participants were enrolled in 1985 to 1986, at ages 18 to 30, and were followed up after two, five, seven, 10, 15 and 20 years.

Of these, 288 or 7 percent of participants reported being incarcerated one year prior to or two years following their enrollment. Former inmates were more likely to have hypertension in young adulthood than those who had not been incarcerated (12 percent vs. 7 percent three to five years later), even after considering other related factors such as smoking, alcohol and drug use and family income. In addition, left ventricular hypertrophy was more common among those with a history of incarceration (2 percent vs. 0.6 percent).

“Former inmates were also more likely to lack treatment for their hypertension at the year seven examination (17 percent [former inmates] vs. 41 percent [no prior incarceration] treated) and in each of the follow-up visits during the entire 20-year duration of the CARDIA study,” the authors write.

The mechanisms by which incarceration may lead to high blood pressure are not well understood, the authors note. Commonly cited factors such as drug and alcohol use, obesity and lower socioeconomic status may not entirely explain the association, since the current findings indicate an association between incarceration and hypertension after considering these factors.
ther explanations include increased hostility and stress among former inmates, which may raise hormone levels that contribute to higher blood pressure.

“Incarceration may be a cause for hypertension and cardiovascular disease, but may also present an underused opportunity for intervention and improving health and access to health care,” the authors conclude. (ANI)

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Wooed’ Michelle Obama to address U.C., Merced

March 29, 2009 By admin Leave a Comment

San Francisco, Mar. 29 (ANI): Michelle Obama has elected to speak at the commencement function of University of California, Merced, which is the smallest and newest campus of the state education system that boasts of biggies like University of California, Los Angeles.
Obama will deliver the May 16 address to the 400 graduates of the university. Her decision comes after weeks of wooing through online campaigning.
Students said the efforts of wooing included enlisting the help of Professor Charles J. Ogletree of Harvard, a Merced native who is a friend of the Obamas, as well as sending hundreds of handwritten letters and Valentine Day cards.

“We laid on the charm,” said Yaasha Sabbaghian, a biology student.

Michelle Obama’s spokeswoman said the First Lady was “very touched” by the university campaign, particularly a “Dear Michelle” Facebook campaign.

Following Obama’s decision, the site on Friday carried an ecstatic message “!!! We did it !!!”

University officials are expecting Obama’s speech benefit the institution, whose hundred-acre campus was built on a former cattle ranch, and earlier had faced problems in attracting students.

This year, however, enrollment grew to about 2,700 students.

Sabbaghian hoped that Michelle Obama would give an inspirational message to students in Merced, a Central Valley city that has suffered from mass foreclosures and high unemployment. He said it would be okay if the First Lady wishes to bring the President along.

“A lot of people said, ‘Why don’t you try to get the president?’ and our first answer was we want him to fix the economy. But we’d love him to come and introduce her,” Sabbaghian said. ” (ANI)

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Male circumcision ‘cuts risk of common STDs, but not syphilis’

March 26, 2009 By admin 1 Comment

London, Mar 26 (ANI): Circumcision not only protects heterosexual men from HIV, but it also helps prevent two other sexually transmitted infections – herpes simplex virus type 2 (HSV-2), the cause of genital herpes, and human papillomavirus (HPV), which can cause cancer and genital warts, says a new study.

However, the New England Journal of Medicine research found that circumcision had no effect on the transmission of syphilis.

“Medically supervised adult male circumcision is a scientifically proven method for reducing a man’s risk of acquiring HIV infection through heterosexual intercourse,” said National Institute of Allergy and Infectious Disease (NIAID) Director Anthony S. Fauci, M.D.

“This new research provides compelling evidence that circumcision can provide some protection against genital herpes and human papillomavirus infections as well,” he added.

Scientists at the Rakai Health Sciences Program in Uganda conducted the study in collaboration with researchers at the Johns Hopkins University Bloomberg School of Public Health in Baltimore, Makerere University in Kampala, Uganda, and NIAID’s Division of Intramural Research.

The team reviewed samples from two parallel clinical trials in Rakai that successfully proved male circumcision as an HIV prevention method and also assessed the surgical procedure’s ability to prevent other sexually transmitted infections, including syphilis and HSV-2.

Scientists also assessed circumcision’s effect on HPV infections, which can cause anal, cervical and penile cancers and genital warts.

The two trials involved enrolled 3,393 uncircumcised men between the ages of 15 and 49 who initially tested negative for both HIV and HSV-2. The men were assigned at random to one of two study groups: 1,684 received immediate circumcision performed by trained medical professionals in an outpatient setting (intervention group); and 1,709 received medical circumcision after a delay of 24 months (control group).

The researchers evaluated the volunteers at six, 12 and 24 months for HSV-2 and syphilis infection. Additionally, a subgroup of 697 volunteers (352 participants in the intervention group; 345 in the control group) was evaluated for HPV infection at enrollment and at 24 months.

In analyzing the effect of circumcision on HSV-2 acquisition across both studies, the researchers found that the cumulative probability of HSV-2 infection was significantly lower among those volunteers who received immediate circumcision (7.8 percent) than among those in the control group who were circumcised at 24 months (10.3 percent). Overall, the researchers found that medically supervised circumcision reduced the men’s risk of HSV-2 infection by 28 percent.

The combined results from both trials also demonstrated a 35 percent reduction in HPV prevalence among men in the intervention group. In evaluating a subgroup of volunteers at 24 months, high-risk HPV strains associated with certain cancers were detected in 42 of 233 men in the intervention group and in 80 of 287 men in the control group.

Circumcision did not, however, affect the incidence of syphilis. At 24 months, syphilis was detected in 50 men in the intervention group and 45 members of the control group. (ANI)

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Gehlot, Alhuwalia finalise Rajasthan 2009-10 plan

February 18, 2009 By admin Leave a Comment

New Delhi, Feb.18 (ANI): The Deputy Chairman, Planning Commission, Montek Singh Ahluwalia and Rajasthan Chief Minister Ashok Gehlot met in the national capital on Wednesday and finalized a plan outlay for the desert state worth Rs.17322 crores.

This includes an additional Central assistance of Rs.110 crores provided for projects of special interest to the State.

Complimenting the Rajasthan Government for its efforts at making development more inclusive, Alhuwalia appreciated the investment friendly efforts of the State Government, particularly the encouragement it has given to public/private partnership in development of physical and social infrastructure.

He also lauded the State Government for implementing new initiatives introduced by the Central Government.

Alhuwalia praised the performance in the sectors of transport, tourism, industry and roads, saying it was satisfactory.

He advised the Rajasthan Government to make full use of the JNNURM program in developing tourism related infrastructure.

He said the State Government should bring to the notice of the Planning Commission any relaxation in the guidelines of centrally sponsored programs that it considered necessary for their efficient implementation.

The State Government was also advised to improve agriculture infrastructure and promote crop diversification.

To improve water supply, Alhuwalia urged Rajasthan to focus on water use efficiency and rainwater harvesting.

Attention was also drawn to high transmission and distribution losses in the power sector.

In the education sector, the Planning Commission suggested focus on upper primary level to increase enrollment and reduce student dropouts. The need to promote tourism because of the immense potential was also suggested.

Gehlot appreciated the new initiatives of UPA Government, which he said have helped States to improve their fiscal health and making development more inclusive.

He said focus of his government was to reach the benefits of growth to the disadvantaged sections of society.

He said various central initiatives meant for the states needed review.

He said central support to each household under the Indira Awas Yojana and the JNNURM for construction of houses needs to be increased.

He said the State government had incurred high delivery cost because of geographical conditions and this should be kept in mind while deciding central support to the State. (ANI)

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L-1 Identity Solutions Acquires Assets of Retica Systems

Sleep apnea ‘raises death risk’

Former inmates ‘more prone to high BP’

Wooed’ Michelle Obama to address U.C., Merced

Gehlot, Alhuwalia finalise Rajasthan 2009-10 plan

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