Intercede Group PLC Receipt of $3.4m Order (3116U)
April 01 2021 - 4:30AM
UK Regulatory
TIDMIGP
RNS Number : 3116U
Intercede Group PLC
01 April 2021
1 April 2021
INTERCEDE GROUP plc
('Intercede', the 'Company' or the 'Group')
Receipt of $3.4m Order
Intercede, the leading specialist in digital identity,
credential management and secure mobility, is pleased to announce
that a large US Federal Government order totaling $3.4m was
received on 31 March 2021.
This order represents the annual support & maintenance
renewal on a longstanding existing project for the period from 1
April 2021 to 31 March 2022. It will therefore be fully recognised
in revenue during the new financial year ended 31 March 2022. The
US Government has also requested and been offered the option to
renew annual support & maintenance at the same price for two
subsequent years, i.e. the years ending 31 March 2023 and 31 March
2024.
In line with normal practice, a Trading Update will be provided
as soon as possible following the recent completion of the
Company's financial year on 31 March 2021.
ENQUIRIES
Intercede Group plc Tel. +44 (0)1455 558111
Klaas van der Leest, Chief Executive
Andrew Walker, Finance Director
finnCap Tel. + 44 (0)20 7220 0500
Stuart Andrews / Simon Hicks, Corporate
Finance
Tim Redfern / Charlotte Sutcliffe,
ECM
About Intercede
Intercede is a cybersecurity company specialising in digital
identities, derived credentials and access control, enabling
digital trust in a mobile world.
Headquartered in the UK, with offices in the US, we believe in a
connected world in which people and technology are free to exchange
information securely, and complex insecure passwords become a thing
of the past.
Our vision is to make the highest levels of cybersecurity
available to organizations and consumers alike, solving complexity
and scalability issues by managing high volumes of digital
credentials.
We have been delivering trusted solutions to high profile
customers for over 20 years. Our team of experts has deployed
millions of identities to governments, most of the largest
aerospace and defence corporations, and major financial services
and healthcare organizations, as well as leading
telecommunications, cloud services and information technology
firms, providing industry-leading employee and customer credential
management systems.
For more information visit: www.intercede.com
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the company's obligations under Article 17 of MAR.
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END
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