Last checked at 4 Oct 2011 07:00
New Contract Win
Contract value exceeds $1m
Released 4 October 2011
Intercede (London Stock Exchange AIM: IGP) announces that it has won an order for the supply of Intercede MyID Identity and Credential Management software licenses totaling in excess of US$1m. This contract is in support of the issuance of ICAO(1) compliant smart card travel documents. The country and partner cannot be named at this time.
This contract will contribute more than $1m to current year sales as well as generating a long term annuity support and maintenance revenue stream. At a time of global recession and spending cuts, this new government related order underscores the resilience of Intercede's business model and places Intercede on track to meet full year market trading expectations.
Richard Parris, Intercede Chief Executive, commented: "Intercede continues to supply its MyID software in support of homeland security initiatives around the world. Intercede MyID is already used to issue ICAO compliant documents for the government of Kuwait and this new contract reinforces our reputation for producing software capable of managing the issuance of biometric passports to citizens. This puts Intercede in an excellent position to benefit from the growing market in secure electronic travel documents."
Note 1: The International Civil Aviation Organization (ICAO) defines the standards for machine readable official travel documents (MRTDs) used for passports, e-passports and smart card based ID cards containing electronic and biometric information.
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 |
Charles Cunningham | |
Rose Herbert
| |
Joanna Weaving | |
Pelham Bell Pottinger | Tel. +44 (0)20 7861 3112 |
Archie Berens | |
Clare Gilbey |
About Intercede
Intercede is the producer of the MyID Identity and Credential Management System (IDCMS).
Intercede MyID technology 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 14 federal agencies, two million smart cards in support of the US Transportation Worker Identity Credential program (TWIC), four US financial institutions and 320,000 smart corporate identity badges for Boeing, Booz Allen Hamilton and Lockheed Martin. In Europe, Australasia and the Middle East, Intercede MyID is being deployed in support of government identity, financial services, health and corporate employee ID security projects.
Intercede MyID is the only IDCMS software product that enables organizations 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 personalization, issuance and management.
Intercede MyID was the first electronic personalization product to achieve compliance with the US FIPS-201 Personal Identity Verification (PIV) standard and is widely deployed by federal agencies, government contractors and other commercial entities. In particular, it supports the latest standards applicable for all PIV, PIV-Interoperable and PIV-Compatible deployments.
It can issue and manage a wide variety of IDs and credentials, providing customers with a platform that can meet their needs now and in the future. It is a fully supported commercial off-the-shelf product that can be quickly deployed for thousands or millions of users.
For more information visit www.intercede.com