Intercede Group PLC Receipt of $3.0m Order (3786T)
January 05 2017 - 1:00AM
UK Regulatory
TIDMIGP
RNS Number : 3786T
Intercede Group PLC
05 January 2017
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 (GBP1.8m) 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
This information is provided by RNS
The company news service from the London Stock Exchange
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