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4-Traders Homepage  >  Equities  >  Euronext Paris  >  SAFRAN    SAF   FR0000073272

SAFRAN (SAF)

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SAFRAN : MorphoTrust USA Launches as Identity Solutions Provider Solely Dedicated to U.S. Market

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02/07/2012 | 05:54pm CET
07.02.2012
MorphoTrust USA Launches as Identity Solutions Provider Solely Dedicated to U.S. Market

PRESS RELEASE

Billerica, Massachusetts, USA - February 7, 2012

Government agencies and businesses in the U.S. now have a dedicated identity solutions provider in MorphoTrust USA - a Morpho company part of the Safran group - and the only company dedicated to simplifying, protecting and securing the lives of the American people.

MorphoTrust was formed from the integration of three former L-1 Identity Solutions business divisions and corporate headquarters. The company delivers complete, integrated identity and enrollment solutions and is a trusted partner for all 50 states, as well as numerous federal agencies and commercial businesses. Headquartered in Billerica, Mass., it employs approximately 1,100 individuals, and operates over 1,200 Service Centers across the country. MorphoTrust currently provides driver license issuance solutions to 41 of the 50 states and the District of Columbia, the facial recognition solution for the FBI's Next Generation Identity program, and the multi-modal biometric software for the Department of Defense (DoD) Enterprise. It also is the prime contractor for the Department of State's U.S. Passport Card program and the Biometric Systems Integration Services program for passports and visas, as well as the primary supplier of iris recognition software for tactical use within the DoD.

One of MorphoTrust's customers commented, "In our business relationships, we demand the delivery of expert advice, maximum flexibility to adapt to changing conditions and, most importantly, dependability," said New Jersey Motor Vehicle Commission Chief Administrator Raymond P. Martinez. "The New Jersey Motor Vehicle Commission has been pleased to work with our vendor MorphoTrust (formerly L-1 Identity Solutions) on projects that are providing us with increased security capability and greater convenience to the millions of citizens of our state."

Unlike other companies aiming to diversify, MorphoTrust specializes in identity solutions for the U.S., including secure ID issuance, enterprise solutions and a nationwide network of ID service centers. MorphoTrust expects to grow its business providing added convenience through the centers with a broad range of identity-related offerings, as well as solutions to improve service through government agencies such as motor vehicle offices, and new commercial offerings for markets such as financial services and aviation.

"While the technology we develop and employ is sophisticated, what we do can be summarized simply: we verify that individuals are who they claim to be, in support of our customers' goal of 'one person, one identity'," said MorphoTrust CEO Robert Eckel. "Ensuring that only one trusted identity is associated with each individual is tremendously important to furthering national and homeland security, preventing fraud, enabling trusted transactions, and empowering Americans to go about their daily lives."

****

About MorphoTrust USA™

MorphoTrust USA™ - a Morpho company part of the Safran group - is the leading U.S. provider of identity solutions to simplify, protect and secure the lives of Americans. The company's offerings help to verify the identity of applicants and deliver the secure credentials that individuals rely on to exercise their civil rights, gain access to benefits and services, and ensure trusted transactions, while reducing fraud and enhancing national security. MorphoTrust is subject to a Proxy Agreement with the Department of Defense (DoD) and a National Security Agreement with the Committee on Foreign Investment in the United States (CFIUS). These agreements, which have the force of law, are intended to protect the design and production of sensitive technology and the storage of sensitive information against unauthorized foreign control and access. The company delivers solutions for secure ID issuance, such as U.S. driver licenses and passports, as well as for border management, law enforcement, retail, travel and applicant vetting through the use of document authentication, data verification and biometrics (iris, fingerprints and face). We serve many U.S. federal agencies and businesses, operating in all 50 states of the United States, with a nationwide network of Service Centers, with over 1,200 convenient locations.

MorphoTrust USA
Communications Department
296 Concord Road
Billerica, MA 01821
www.morphotrust.com

Press Contacts
Jerrine OWEN
Tel (978) 215-2758
Mob (503) 887-6943
jowen@morphotrust.com

Courtney HASTINGS
Tel (202) 585 0210
Mob (202) 277 4936
chastings@rhstrategic.com

PRESS RELEASE

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Financials (€)
Sales 2017 17 339 M
EBIT 2017 2 380 M
Net income 2017 1 568 M
Finance 2017 932 M
Yield 2017 2,46%
P/E ratio 2017 16,70
P/E ratio 2018 15,56
EV / Sales 2017 1,52x
EV / Sales 2018 1,38x
Capitalization 27 315 M
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Number of Analysts 21
Average target price 67,5 €
Spread / Average Target 3,0%
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Philippe Petitcolin Chief Executive Officer & Director
Bernard-Pierre Jacques Delpit Chief Financial Officer
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