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Clear Secure, Inc. reports developments in secure identity services that connect biometric and digital verification with travel, healthcare, property management, public sector and other partner workflows. The company’s CLEAR+ offering supports airport lane access and travel experiences, while CLEAR1 is used for identity verification, account access, applicant trust and regulated digital identity use cases.
Recurring updates cover quarterly results, bookings, membership activity, app and platform launches, partner deployments, compliance designations and certifications, dividends, share repurchases and guidance. News also tracks how CLEAR expands its secure identity network across aviation and non-aviation channels while emphasizing privacy controls for biometric and sensitive personal data.
CLEAR (NYSE: YOU) has launched its identity verification technology at Long Beach Airport (LGB), marking its 9th California airport and 49th nationwide. This initiative will create 23 jobs and generate an estimated $1.2 million in annual economic activity. CLEAR Plus membership costs approximately $16 monthly, with discounts for active military, veterans, and family members. CLEAR aims to enhance traveler experiences by reducing wait times at security checkpoints through its dedicated lanes. The expansion highlights California's significance as a key market for CLEAR.
CLEAR (NYSE: YOU) has launched its identity verification technology at Will Rogers World Airport in Oklahoma City, enhancing travel experiences amid the holiday rush. The service is designed to streamline airport processes, benefiting both passengers and the local economy. The partnership is expected to create 23 jobs and generate approximately $1.2 million in annual economic activity. CLEAR operates in 48 airports, serving over 14 million members, allowing expedited security checks via biometric verification. Membership to CLEAR Plus costs around $16 monthly, with discounts for select users.
The Las Vegas Raiders and Allegiant Stadium have officially named CLEAR (NYSE: YOU) as their Official Fan Experience and Secure Identity Partner. This partnership aims to enhance the fan experience over the next three years through innovative integrations. Current offerings include expedited entry via CLEAR lanes and age verification for in-seat mobile orders. CLEAR's CEO Caryn Seidman-Becker emphasized the commitment to creating a seamless game day experience. Vice President of Corporate Partnerships, Christian Howard, noted past collaboration, including implementing CLEAR's Health Pass technology for COVID-19 vaccination proof.
CLEAR (NYSE: YOU) has launched its secure identity technology at Boise Airport (BOI), enhancing the travel experience ahead of the busy holiday season. This initiative is expected to create 23 jobs and generate approximately $1.4 million in local economic activity annually. CLEAR serves over 14 million members across 47 airports, providing expedited screening using biometric verification. The company aims to make air travel more seamless and efficient, capitalizing on an increase in passenger traffic exceeding pre-pandemic levels.
CLEAR (NYSE: YOU) launched its secure identity technology at Luis Muñoz Marín International Airport (SJU) on November 14, 2022. This marks the first installation outside the continental U.S. and is projected to create 49 jobs while generating $2.5 million in local economic activity. CLEAR serves 46 airports and has over 14 million members, enabling expedited identity verification through biometrics. As part of the launch, CLEAR will donate up to $10,000 for Hurricane Fiona relief for new members enrolling in November. Membership costs approximately $16 monthly.
Clear Secure, Inc. (NYSE: YOU) has declared a special cash dividend of $0.25 per share, payable on December 7, 2022. The dividend will benefit Class A and Class B common stockholders on record as of November 28, 2022. The payment is funded through approximately $38 million from the company's subsidiary, Alclear Holdings, LLC. CEO Caryn Seidman-Becker emphasized the company's commitment to growth, free cash flow, and returning capital to shareholders, highlighting their robust subscription model and strong balance sheet as key assets to achieve these goals.
Clear Secure, Inc. (NYSE: YOU) released its Q3 2022 financial results in a recent shareholder letter. The company will host a conference call to discuss these results today at 8:00 AM ET. Clear currently boasts over 14 million members and numerous global partners, aiming to enhance user experiences through secure identity services. The third quarter results can be viewed on their Investor Relations website.
On November 11, 2022, CLEAR (NYSE: YOU) announced an expansion of its partnership with United Airlines, allowing customers to enroll in CLEAR directly through the United mobile app. This initiative aims to enhance travel experiences by providing seamless access to CLEAR benefits, including expedited entry into United Club locations using biometrics. CLEAR currently boasts over 13 million members and aims to extend its services to more airports, improving customer satisfaction and streamlining the travel process.
Clear Secure, Inc. (NYSE: YOU) will announce its third-quarter financial results for the period ending September 30, 2022, on November 14, 2022, at 6:30 a.m. ET. A live webcast and teleconference discussing these results will follow at 8:00 a.m. ET. Investors can participate by dialing 877-407-3089 for U.S. calls or +1 215-268-9854 for international calls. The webcast can be accessed here, with a replay available afterward on the investor relations website.
Virdee has partnered with CLEAR to integrate its secure identity platform into Virdee's digital self-service check-in solutions, enhancing the hotel check-in experience. This collaboration marks CLEAR's entry into the hotel sector, allowing over 13 million CLEAR members to verify their identities quickly. Guests can complete check-in, make payments, and access their rooms without visiting the front desk, streamlining the travel experience. Virdee aims to elevate digital innovation in the hospitality industry, benefiting both guests and hotel operators.