Intercede Group PLC Trading Update (5791T)
07 Oktober 2014 - 8:00AM
UK Regulatory
TIDMIGP
RNS Number : 5791T
Intercede Group PLC
07 October 2014
7 October 2014
Intercede Group plc
("Intercede" or the "Group")
Trading Update
We are pleased to report high levels of interest in the Group's
new and exciting mobile digital identity technology. This further
validates the size of the opportunity for Intercede's technology as
people better understand the security implications of areas such as
the Internet of Things, the Cloud, and the inherent limitations of
usernames and passwords.
As previously reported, Intercede continues to invest heavily in
research and development resulting in the recent launch of MyID v9
Service Pack 2 and MyID v10.1 to meet the US government's new FIPS
201-2 standard. On 29 September 2014, Intercede announced the first
customer for the deployment of a derived credentials based identity
solution for mobile devices.
In the meantime, Intercede's smart card related identity
business remains strong. However, the order book and associated
revenues are subject to the timing of receipt of a relatively small
number of large orders and seasonal variations mainly due to the US
government fiscal year.
Against this backdrop, revenues in the first half of the current
financial year will be in the region of GBP4.0 million (2013:
GBP4.6 million) and cash balances at the end of September totalled
GBP6.3 million (30 September 2013: GBP7.4 million) reflecting the
investment outlined above.
Management remain optimistic that full year growth expectations
will be achieved subject to the timing of receipt of orders, both
from smart card related projects and from a number of mobile
related opportunities.
A further update will be provided when the Group's Interim
Results are released towards the end of November 2014.
Enquiries
Intercede Group plc
Tel. +44 (0)1455 558111
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director
finnCap Ltd
Tel. +44 (0)207 220 0500
Stuart Andrews, Corporate Finance
Joanna Weaving, Corporate Broking
Bell Pottinger
Tel. +44 (0)7802 442486
Archie Berens
About Intercede
Intercede is a software company specialising in identity and
credential management with a global team of experts located in the
US and UK.
Intercede's MyID software enables organisations to create and
use trusted digital identities for employees, citizens and
machines. This allows secure access to services, facilities,
information and networks.
MyID meets the highest government standards yet is simple enough
to be deployed onto consumer devices such as smartphones and
tablets. Critically, MyID provides an easy, convenient and secure
alternative to passwords.
Millions of identities are managed using MyID and Intercede has
provided identity verification and management services to global
customers for more than twenty years. MyID is a
commercial-off-the-shelf software product, designed and developed
to be configurable so it can be embedded as the cornerstone of
cybersecurity infrastructure for governments and corporations.
Customers trusting Intercede for secure digital identity include
the US and UK governments and some of the world's largest
corporations, telecommunications providers and information
technology partners.
For more information visit: www.intercede.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTFSMFIMFLSELS
Intercede (LSE:IGP)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Intercede (LSE:IGP)
Historical Stock Chart
Von Jul 2023 bis Jul 2024