Intercede Group PLC - Lutterworth, England-based cybersecurity software company - Announces contract and renewals orders. Secures a licence order for MyID CMS software solution from an unnamed US defence and aerospace manufacturer. Also wines a new client for MyID PSM in the Middle East. Says client increases the company's footprint in the region. Also receives "significant" upgrade from an undisclosed "large European bank" for MyID CMS. Says orders gave an aggregate contract value of USD1.4 million and underpin revenue for the year ending March 31, and create a contract revenue backlog for financial 2025.
Chief Executive Officer Klaas van der Leest says: "As announced at the start of September, our pipeline continues to strengthen and develop. With increased interest from existing and prospective customers in the US, [Europe, the Middle East and Africa] and [Asia-Pacific] we believe the group is well positioned, and we look forward to providing further information in our [first half] results later this month."
Current stock price: 64.50 pence, up 12%
12-month change: up 15%
By Sabrina Penty, Alliance News reporter
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Intercede (IGP)