Intercede Group PLC Receipt of $3.0m Order (3786T)

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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. [phone] 

Richard Parris, Chairman & Chief Executive

Andrew Walker, Finance Director

finnCap Tel. [phone]

Stuart Andrews, Corporate Finance

Simon Hicks, Corporate Finance

Bell Pottinger Tel. [phone]

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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January 05, 2017 02:00 ET (07:00 GMT)