Intercede Share Discussion Threads

[igoe104] 26/3/2010 12:21

Interesting trade from yesterday which has just appeared.

25-Mar- 100,000 43.50.

yep ive seen that gmoney, lots of opportunties available for igp worldwide and usa.

[237gmoney] 26/3/2010 11:38

Not sure if you saw this link igoe. Article in the wall street journal two weeks ago on a national ID card in the USA.

[237gmoney] 26/3/2010 11:32

Ok moving on, the contract with Lockheed Martin to replace all staff ID cards should now be complete. I think there was around 140,000 cards in this project. As it was just IGP doing it, they would have probably got $2-3 a card for this one.

The Kuwait National ID Card has around 3 million people and nothing has really been made of this project which IGP got with Gemalto.


If IGP get $2-4 a card for the TWIC project they surely must get $1-2 a card for the Kuwait National ID card which has already started. That would be in the region of $1-2m at just $1 a card or $2-4m at $2 a card.

With the exchange rates as they are IGP have certainly got a bright future just I dont see the share price showing anything like what it should be....

[237gmoney] 26/3/2010 10:32

Sorry 1.2mm cards. Thanks WJ.

If were talking 200,000 cards issued since the contract with RSA finished, this should be around $1m at just $5 a card. Another 100,000 have enrolled so that would be another $200,000. If IGP get more than $5 for every TWIC card....

the cards sell for $132.50 a throw. So IGP wont get all of this but where does the rest go? If IGP got all of the $132.50 that would be $26.5m for the 200,000 cards already issued. Surely IGP get more than 3.7% ($5) for every card issued if they get all the revenue??? But how much?

[fft] 26/3/2010 10:29

I think we may get more details of the impact of the settlement from the SEC filings of Actividentity. They usually contain more information than RNS's.

I am interested in who now has the primary patent and how future cases involving third parties infringing them will be dealt with. i.e. who would challenge anyone infringing the patents (active or igp ?). Hopefully the agreement has made one of the patents the leading one.

It is slightly unsatisfactory from the IGP side, as it does appear that they have agreed the primary patent is not theirs (since it looks like they are paying a licensing fee). But, rather than get bogged down in legal fees for years, as long as the ongoing cost is not high (say 1 cent a card), then it will be a lot cheaper. I also wonder whether they have agreed not to step on each others toes in the future.

[wjccghcc] 26/3/2010 09:49

For TWIC, the license fees from the first 1.2mm cards went to RSA in return for their $2mm 3 year license agreement payment. However, revenues above those 1.2mm go entirely to IGP.

[237gmoney] 26/3/2010 09:42

AcivIdentity have just unveiled a new piv 1 program...the last paragraph boads well for IGP as they already have this in place...



ActivIdentity Corp., a provider of in strong authentication and credential management, announced that it has launched a PIV-Interoperable initiative to enable non-federal organizations to issue employee identity cards that are technically interoperable with U.S. government PIV systems, and issued in a manner that allows government and relying parties to trust the cards.

To address the newly defined PIV-I card standards, ActivIdentity has modified its ActivID Card Management System that is being used in conjunction with its ActivClient security software. Customers looking to deploy the ActivIdentity PIV-I credential management solution can also leverage the ActivIdentity PIV+ applet that enables PKI-based access control as well as one-time-password-based authentication on a single PIV-interoperable identity card. The ActivIdentity PIV+ applet together with the ActivID Card Management System and ActivClient are part of the government-approved product list.

As the PIV initiative progresses, PIV-I has become a requirement for commercial enterprises that interact with government agencies on a daily basis. Non-federal issuers of credentials need to produce employee IDs that can technically interoperate with government PIV systems and can be trusted by relying parties via cross-certification. However, the PIV card standard is limited in scope to the federal government and has several requirements that can be addressed only by that community.

In response to these interoperability requirements, the Federal CIO Council defined the standards for PIV-I cards for non-federal issuers. Several federally sponsored PIV-I programs already exist, including the First Responder Authentication Credential (FRAC), the Transportation Worker Identity Credential (TWIC), and the Airport Credential Interoperability Solution (ACIS). Many other programs are in development with the same desired goal of technical interoperability and trustworthiness in the Federal government PIV environment.

[237gmoney] 26/3/2010 09:30

How much did we say IGP would get for every TWIC card issued after the 1.3mm contracted? Roughly? say its around $2-3 a card? If they sell for $130 a piece or what ever the price is now, if the total enrolled is over 1.5mm then were looking at $4-6m for IGP if they only getting $2-3 a card. If they get $5 a card (which is not over the top imo) then the figures really start to fly....

An update on where we stand would give us the full picture as at the moment its anyones guess.

[237gmoney] 26/3/2010 09:20

Current twic statistics as of 26.03.10
Total enrolled
1,532,891
Total Issued
1,402,345

[igoe104] 26/3/2010 08:38

I agree aphro, well said.

other projects for igp to get involved with.





probably via lockheed and thales.

[aphrodites] 26/3/2010 08:33

Igoe

The best thing now for the share would be for Katie Potts to put her stamp on this by getting her broker to call up H.H. and bid in size for their stock! And if it was not forthcoming to leave a bid with her broker to mop-up any stock around the 46/47p area.

The price would quickly move to 50P and then on and hopefully upwards.

The price certainly should not be in the 40p bracket any longer.

[interceptor2] 26/3/2010 08:18

Had a little top up today, couldn't resist. I had planned to once this court case was settled.

Lucky for me we still have a seller about to keep a lid on the price.

[igoe104] 26/3/2010 08:12

Ive noticed that seller is still around, two blocks of 25k yesterday. my money on our friend H,H. everytime the share price goes up a decent amount the seller comes back.

[glasshalfull] 25/3/2010 17:48

Concur with sentiment. Great news which now draws a line under the affair.

Smartmoney - Many happy returns :-)

Regards
GHF

[smartmoney100] 25/3/2010 17:02

Great stuff, quite the best birthday present I've had today :-)

[interceptor2] 25/3/2010 16:34

This is great news , it may be unclear of what extra costs have to be allowed for. But much more important to remove this uncertainty and move forward now.

[rambutan2] 25/3/2010 16:07

that's made my day.

And Y/E at the end of next week.

[outsider] 25/3/2010 14:55

nice and clean for investors now moving forward

[boadicea] 25/3/2010 14:13

At the interim stage, the patent case had clocked up a total cost of £950k (some of that in the previous year).
There doesn't seem to be any indication of how much has been incurred since then which will include a
premium for underwriting the costs of European action that IGP filed.

It's nice to know the issue is now closed with minimal forward costs but I would like to have been told what charge will appear in this year's accounts.

[237gmoney] 25/3/2010 13:52

At last the chains are off now. This case has been holding this one back for almost 2 years. Now that the loan note is sorted and the legal case finished, we should see the press pick up on this over the coming weeks what with an expected trading update after the 31st March as well.

Its a shame that the fees have been incurred but it will give confidence in IGP that the case was settled without the long drawn out court case. Possibly ActivIdentity didnt want that either as they seem to be running out of cash.

Hopefully the Trading update has a breakdown of the impact of the TWIC project since the 1.3mm cards were passed. This should have a good indication of where IGP is going in the months ahead.

I can see the share price kicking on from here to the 2006 highs of 70p over the next few months as theres nothing holding it back now.

[spooky] 25/3/2010 13:29

Looking at it from an institutional point of view the settlement of the legal case will make a significant difference,over the last 12 months i have had a number of conversations with potential investors and it always dominated the discussion.

[wjccghcc] 25/3/2010 13:11

Settlement was always the most likely solution for IGP. The court cases would have another 12-18 months to run before final determination and the legal fees would only increase with the trials. In the UK they might have been awarded costs but that doesn't happen in the US and the only way they'd get any cash back there would be through damages if they won their counterclaims.

Better to pay a minimal license fee than incur another $2mm of legal fees with no assurance of the outcome, not to mention the impact it might have on the ongoing business in the meantime.

[iicb] 25/3/2010 13:11

Finally....

[rivaldo] 25/3/2010 12:48

Great news that it's over, but I had hoped IGP would sweep the board, win costs etc. Instead IGP have to take a hit for the case costs, and a confidential "mutually acceptable" settlement can't be seen as a total victory.

Nevertheless, the market will hopefully look forward and take comfort in the resolution of the case and the non-material future impact.

Ta to Arthurly for the heads-up - I'd missed the RNS initially!