Intercede Regulatory News (IGP)

4 Dec 2008 07:00



4 December 2008

INTERCEDE GROUP plc

("Intercede" or "the Company")

New Contracts Relating to National Identity Programmes

Intercede (AIM: IGP), a leading producer of Identity and Credential Management Systems (IDCMS) software, announces that it has won two separate contracts to supply its MyID product and associated professional services in support of two national identity programmes.

The first contract is with a Middle East country. Once implemented, this system will support the issuance and life cycle management of national identity cards to the country's citizens.

The second contract is in support of an undisclosed government customer in a different country.

Under the terms of these contracts with local integrators in the respective countries, Intercede has received initial aggregate payments of $0.3m and purchase orders for a further $1m. An additional $0.5m of sales revenue is anticipated from these projects during Intercede's current financial year, with further revenues expected in future periods.

 "Intercede is pleased to have secured these important national identity card projects with strategically important nation states", said Richard Parris, Chairman and Chief Executive. "These awards demonstrate the scalability, security and international appropriateness of our solutions. Our expansion into the Middle East and into the wider national identity market provides Intercede with financial comfort and resilience at a time of macroeconomic uncertainty."

Further announcements will be made on both these projects when permission for disclosure has been granted by the government customers concerned.

About Intercede 

Intercede is the producer of the MyID™ Identity and Credential Management System (IDCMS). Intercede's 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's MyID 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 10 Federal Agencies, the Transportation Worker Identity Credential and two major US financial institutions. In Europe and the Middle East Intercede's MyID is being deployed in support of multiple government identity, health and corporate employee ID security projects.

For more details visit www.intercede.com

ENQUIRIES