final incorruptible passenger through a speedy security lane in June of last year, the company closed up shop and forced even the nicest of travelers to re-join the herds. Thankfully for us all, Alclear has decided that life's simply no good without a hasty security option at airports, and it has plopped down $6 million in order to acquire the assets of Verified Identity Pass out of bankruptcy protection. According to our hombres at Gadling, that purchase price doesn't include individual airport contracts, so it'll be an uphill battle getting these lanes back into the places in which they're needed. If all goes well, we could see the first Clear avenues reopen this fall, with pricing set at $179 per year for unlimited individual use or $229 per year for unlimited family use. Head on past the break for more details on reactivating old subscriptions and the full presser.
CLEAR Acquired Out of Bankruptcy
New Owners to Reinstate and Honor Subscription Terms of Previous Members
Expects to be in Major Airports in the Fall 2010
NEW YORK--(BUSINESS WIRE)--Alclear, LLC today announced that it has acquired the assets of Verified Identity Pass Inc. out of bankruptcy protection. The Company plans to re-launch CLEAR, its biometric-based, secure Trusted Traveler program, in select major airports in the fall of 2010. Enrollment for new customers is expected to begin in the summer 2010 and the subscription terms of nearly 160,000 previous members will be honored.
"We are rebuilding CLEAR with our members and for our members. We are working to build our footprint and re-introduce the program. We look forward to partnering with airports nationwide, regulators and lawmakers to ensure CLEAR's success."
CLEAR is a secure biometric identification platform that pledges predictability, expedience, and service for its members through airport security. CLEAR will activate valuable privileges and amenities both locally and nationally for its customers. Pricing plans will include: $179.00 per year flat fee for unlimited use or a family plan, for an additional $50.00 on top of the unlimited plan.
"We are thrilled to re-launch CLEAR – a service with proven demand that will increase airport efficiency and security while delivering significant value to our customers," said Caryn Seidman-Becker, Chairman and CEO of CLEAR. "We are rebuilding CLEAR with our members and for our members. We are working to build our footprint and re-introduce the program. We look forward to partnering with airports nationwide, regulators and lawmakers to ensure CLEAR's success."
CLEAR's Board of Directors will include Michael Chertoff, former Secretary of the U.S. Department of Homeland Security, Craig Coy, former President and COO of L3 Communications' Homeland Security Group and Chief Executive Officer of the Massachusetts Port Authority, and Robert LaPenta, Chairman, President and CEO of L-1 Identity Solutions. The Company is assembling a world class management team with significant experience in the aviation, marketing, and security industries.
CLEAR, the original Registered Traveler program, will offer a biometric-based secure identification platform to deliver significant value for customers, increase predictability and enhance airport security. For more information please visit www.flyclear.com.