Intercede Group PLC Contract Win (5193E)
09 Mai 2017 - 8:00AM
UK Regulatory
TIDMIGP
RNS Number : 5193E
Intercede Group PLC
09 May 2017
9 May 2017
INTERCEDE GROUP plc
("Intercede", or the "Group")
Contract Win
Intercede, the leading specialist in digital identity,
credential management and secure mobility, today announces further
progress in securing contract wins from its pipeline with the award
of a MyID contract from a major US aerospace and defence
contractor.
Under this contract, Intercede's MyID platform will be used to
issue and manage digital credentials for more than 100,000 entities
including employees, computers and other devices. The supply chain
for this project is through a long standing Intercede ecosystem
partner and is expected to generate approximately US$1.0 million of
revenue over the next five years.
This further contract win follows the 5 April 2017 announcement
that Intercede had secured MyID contract wins with a major US
Federal Agency and a US based world leader in medical care,
research and education. In combination, it is expected that these
previously announced wins will generate revenue for the Group of
US$1.5 million over the next five years.
In full deployment, the Federal Agency agreement will encompass
approximately 100,000 employees distributed across 300 physical
facilities around the world. The first phase covers 60% of the
workforce who need to use digital credentials to secure access to
government networks and information assets. Within the healthcare
organisation, MyID will be used to issue cryptographic tokens to
enable secure network access for up to 60,000 people.
Commenting on the Group's progress, Richard Parris, Chairman and
Chief Executive of Intercede, said;
"It is pleasing to report further progress in securing important
contract wins within our core markets. The most recent award
supports our view that the provision of digital trust is
increasingly required by a range of critical industries where
legacy password authentication systems will be replaced by digital
provision. Led by the Government, emerging US best practice is
expanding the addressable market place for the MyID platform into
critical industries such as healthcare in addition to our core
aerospace and defence base. I am particularly pleased that
Intercede has won these contracts in partnership with significant
participants in the digital security space. Our ability to work
with these companies and to embed our solutions within vital
ecosystems provides a strong proof of concept for potential
customers in new geographies and industries."
-ENDS-
Contact
Intercede Group plc Tel: +44 (0) 1455 558 111
Richard Parris Chairman & Chief Executive
Andrew Walker Finance Director
finnCap Tel: +44 (0) 20 7220 0500
Stuart Andrews Corporate Finance
Simon Hicks Corporate Finance
Capital Access Group Tel: +44 (0) 20 3763 3400
Scott Fulton Media
Ed Welsby Investors
About Intercede
Intercede(R) is a cybersecurity company specializing in
identity, credential management and secure mobility to enable
digital trust. It provides software and services that help
organizations ensure the safety and security of their people,
facilities, networks and information in an increasingly mobile,
digital world.
Intercede has been delivering solutions to high profile
customers, from the US and UK governments to some of the world's
largest corporations, telecommunications providers and information
technology firms, for over 20 years. To find out more:
www.intercede.com
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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