Positive Trading Update
07 September 2010 - 8:00AM
UK Regulatory
TIDMIGP
RNS Number : 2445S
Intercede Group PLC
07 September 2010
7 September 2010
Intercede Group plc
("Intercede")
Positive Trading Update
Intercede announces strong levels of business throughout the summer period.
The Healthcare sector has made a significant contribution to revenue and in July
orders from an existing UK customer generated more than GBP800,000 in cash
receipts.
US government customers have continued to buy additional software licenses and a
further US Federal Agency has purchased the Intercede MyID system. This brings
the total number of Agencies using Intercede MyID for HSPD-12/PIV compliance to
13. Lockheed Martin and FAA continue to buy materially significant quantities of
professional service time from Intercede in support of their large
enterprise-wide identity programs.
Internationally, Intercede has added the Australian government and a South
African bank to its customer list. Additional revenues are accruing for the
next phase of the Kuwait national ID program and an existing customer that has
purchased Intercede MyID to power a Switzerland-wide electronic identity
service.
Intercede's sales activities continue to increase the pipeline of future
business. A number of contract awards are also pending imminent closure, and the
company is on target to meet full year expectations. Intercede remains in a
strong cash position at the end of August.
Richard Parris, Chairman and Chief Executive of Intercede, said:
"Our level of business activity is at an all time high driven by repeat orders
against existing contracts, new orders from new customers and a growing pipeline
of high value prospects. Although, as expected, we have seen a reduction in UK
Government orders compared to the same period last year, this is being
compensated for by international orders, particularly from the US."
About Intercede
Intercede is the producer of the MyID Identity and Credential Management System
(IDCMS). Intercede's MyID is the only IDCMS software product that enables
organisations to easily and securely manage the identities of people and their
associated identity credentials within a single, integrated, workflow driven
platform. This includes enabling and managing: secure registration, biometric
capture, application vetting and approval through to smart card
personalisation,
issuance and management.
Intercede's MyID is being used around the world by large corporations,
governments and banks to manage millions of identities for employees, citizens
and customers. Notable deployments in the US include more than 10 Federal
Agencies, a program with Lockheed Martin and two major US financial
institutions. In Europe and the Middle East, Intercede's MyID is being deployed
in support of government identity, health and corporate employee ID security
projects.
For more information visit http://www.intercede.com
ENQUIRIES
+-----------------------------------+-------------------------------+
| Intercede Group plc | Tel. +44 (0)1455 558111 |
+-----------------------------------+-------------------------------+
| Richard Parris, Chairman & Chief | |
| Executive | |
+-----------------------------------+-------------------------------+
| Andrew Walker, Finance Director | |
+-----------------------------------+-------------------------------+
| | |
+-----------------------------------+-------------------------------+
| FinnCap | Tel. + 44 (0)20 7600 |
| | 1658 |
+-----------------------------------+-------------------------------+
| Clive Carver | |
+-----------------------------------+-------------------------------+
| Sarah Wharry | |
+-----------------------------------+-------------------------------+
| | |
+-----------------------------------+-------------------------------+
| Pelham Bell Pottinger | Tel. +44 (0)20 7861 3112 |
+-----------------------------------+-------------------------------+
| Archie Berens | |
+-----------------------------------+-------------------------------+
| Francesca Tuckett | |
+-----------------------------------+-------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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