WALTHAM, Mass., June 4 /PRNewswire-FirstCall/ -- Lionbridge (Nasdaq: LIOX), today announced that the United States Department of Justice (DOJ), Executive Office for Immigration Review, has renewed its selection of Lionbridge as the government agency's provider of on-site and telephonic interpreters for immigration court proceedings nationwide. The contract includes one base year with five option years and is expected to generate approximately $100 million over the next six years.
With the agreement, Lionbridge will provide onsite and scheduled telephonic language interpretation services for individuals who require interpreters during immigration hearings. Lionbridge will provide court based interpretation services including the interpretation of sworn testimony by defendants and witnesses, submissions by lawyers, and judges' rulings. Lionbridge services are available on an as needed basis throughout the fifty United States, the District of Columbia, and U.S. territories including, but not limited to, the Commonwealth of Puerto Rico, Guam, and the US Virgin Islands, in over 300 languages.
"With a proven track record of managing complex language programs for a number of large federal agencies, we are delighted that the US Department of Justice chose Lionbridge as its partner for interpretation services," said Rory Cowan, CEO, Lionbridge. "Our consistently high quality ratings, immigration expertise, proven interpretation workflow technology, and experience in government security will help the Executive Office of Immigration Review provide the highest level of service and communication."
Lionbridge Technologies, Inc. (Nasdaq: LIOX) is a provider of translation, interpretation, development and testing services. Lionbridge combines global resources with proven program management methodologies to serve as an outsource partner throughout a client's product and content lifecycle - from development to translation, testing and maintenance. Global organizations rely on Lionbridge services to increase international market share, speed adoption of global products and content, and enhance their return on enterprise applications and IT system investments. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries and provides services under the Lionbridge and VeriTest brands. To learn more, visit http://www.lionbridge.com
This press release contains forward-looking statements that involve risks and uncertainties, including those statements relating to expected or anticipated revenues to Lionbridge as a result of its relationship with the US Department of Justice Office of Immigration Review as well as any future extension or expansion of such relationship or increase in any revenues resulting from such relationship. Lionbridge's actual experience may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include political, economic and business fluctuations impacting the customer and its business needs, as well as risks of additional downturns in conditions generally, and in the federal government specifically; and risks associated with competition and competitive pricing pressures; and Lionbridge's ability to forecast revenue. For a more detailed description of the risk factors associated with Lionbridge, please refer to Lionbridge's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 13, 2009 and subsequent filings.
Contact: Sara Buda Lionbridge Technologies (781) 434-6190 email@example.com
SOURCE Lionbridge Technologies, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here