Intercede Group PLC Contract awards and Trading update (2971K)
29 Juli 2013 - 8:00AM
UK Regulatory
TIDMIGP
RNS Number : 2971K
Intercede Group PLC
29 July 2013
29 July 2013
Intercede Group plc
("Intercede")
Contract Awards and Trading Update
Intercede announces contract awards in support of two major
telecommunications customers in North America and Europe. Contracts
have been signed and the first purchase orders have been received.
The combined FY14 revenue value of these new accounts could be up
to GBP2m. However, it is expected that, subject to performance,
this value is likely to grow significantly in future periods.
Under these contracts, Intercede is supplying MyID software
licenses, annual support and maintenance services and professional
services. The customers will be using the Intercede MyID identity
and credential management platform to manage digital credentials
issued to staff and enterprise customers on smartphones and smart
cards. The contracts include elements of collaborative design and
development.
These contracts will make a material contribution to the
financial year closing 31 March 2014 and further increase
management's confidence that Intercede will meet its growth targets
and market expectations for the year.
Richard Parris, Intercede Chairman and Chief Executive said:
"These awards meet our three stated strategic goals: capturing new
accounts in North America and Europe; widening our sales channels
to cover major players in the mobile telecoms industry; and
accelerating R&D in expanding the MyID platform to provision
digital identities into mobile devices. They are a result of
Intercede's unique combination of market-leading products and
expertise and are evidence of the applicability of our technology
to the global telecommunications industry. We value the opportunity
to partner with some of the world's leading mobile network
operators to continue to expand and enrich our MyID mobile product
set."
ENQUIRIES
Intercede Group plc Tel. +44 (0)1455 558111
Richard Parris, Chairman
& Chief Executive
Andrew Walker, Finance
Director
FinnCap Tel. + 44 (0)20 7220
0500
Stuart Andrews/Rose Herbert,
Corporate Finance
Joanna Weaving, Corporate
Broking
Pelham Bell Pottinger Tel. +44 (0)20 7861 3112
Archie Berens
About Intercede
Intercede(R) is a security software provider specialising in
trusted digital identities.
Intercede's MyID(R) identity management platform enables global
organisations and governments to create trusted digital identities
for employees and citizens on secure devices such as smartcards,
smartphones and tablets. MyID enables the protection of IP, assets,
and digital content, delivering trusted digital identities as the
cornerstone of cyber security strategies for government, defence,
financial services and other industries.
The Company operates in global markets (including the US, Europe
and Middle East) and works with large international partners to
deliver flexible digital identity solutions that are interoperable
with other existing technologies and which are tailored to customer
needs.
The world's largest governments, major corporations and mobile
network operators trust Intercede's deep expertise to deliver
effective solutions. The Company's technology achievements reflect
a significant investment in the development of intellectual
property, exemplary speed of deployment and adherence to
international standards including FIPS 201, where MyID was the
first electronic personalization product to obtain GSA approval.
This trust is reflected in Intercede's rate of repeat business with
its customers, which typically runs at 70-80% of annual
revenues.
Intercede has been developing ID management systems since 1992
and MyID is currently deployed by end customers located in 24
countries. The company is headquartered in the UK, listed on the
London Stock Exchange AIM: IGP and ISO 9001 and TickIT
certified.
For more information visit http://www.intercede.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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