L-1 Identity Solutions , a supplier of identity solutions and services, announced it will be the exclusive provider for the program formerly known as Registered Traveler as a result of Alclear winning the competitive bid for Verified Identity Pass assets. The competitive bidding process was conducted though procedures approved by the US Bankruptcy Court, Southern District of New York.
In connection with Alclear's purchase of VIP's assets, L-1 is expected to receive a multiyear contract to serve as prime integrator for the program formerly known as Registered Traveler. In that role, L-1 is expected to be the exclusive provider for all of the program's systems integration, enrollment services and verification needs once the program is restarted. In recognition of its prior investments and contributions to the program, L-1 will also receive an equity investment in Alclear.
"We have a long relationship with Caryn Seidman Becker, the CEO of Alclear, and we are excited at the opportunity to work together on this exciting program, one we believe will become an important vehicle in providing increased airport security and travel convenience across the United States once it is fully deployed," said Robert LaPenta, Chairman, President and CEO of L-1 Identity Solutions. "With our previous experience on this program, we are uniquely able to provide the services and technology necessary to stand up the program quickly and efficiently to the benefit of both our partners and frequent travelers."