Last checked at 5 Jan 2017 07:00
5 January 2017
INTERCEDE GROUP plc
('Intercede', the 'Company' or the 'Group')
Receipt of $3.0m Order
The Company announces that a large US Federal Government order, which was deferred from the first half, has now been received and invoiced on 30 day payment terms. This order totals $3.0m of software licenses and annual support and maintenance; more than $2.2m (£1.8m) of which will be recognized in the current financial year.
Richard Parris, Intercede CEO said "This is one of the largest single orders ever received by Intercede and demonstrates that Intercede continues to win orders for its MyID technology platform in spite of the continuing budget constraints within the US Government. It reinforces the view that our products remain current and appropriate for some of the world's most security sensitive customers."
ENQUIRIES
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
Bell Pottinger Tel. +44 (0)7802 442486
Archie Berens
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
About Intercede
Intercede is a software and service company specializing in identity, credential management and secure mobility. Its solutions create a foundation of trust between connected people, devices and apps and combine expertise with innovation to provide world-class cybersecurity. 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. Intercede's product portfolio includes MyID, an identity and credential management system that assigns trusted digital identities to employees citizens and machines. In 2015, Intercede launched MyTAM, enabling trusted applications to be loaded into a mobile device's Trusted Execution Environment (TEE), providing hardware-level security for Android apps. In 2016, Intercede launched RapID, a secure, easy to implement authentication service for mobile apps and cloud services to completely eliminate the need for passwords.
For more information visit: www.intercede.com