Intercede Share Discussion Threads

[andrbea] 24/10/2006 10:25

HSPD-12 compliant contracts are filtering thru in the US

eg

SafeNet K3 Card for Luna HSMs Receives FIPS 201 Approval for Cryptographic Modules
Certification Makes Luna HSMs First to Become HSPD-12 Compliant

BALTIMORE--(BUSINESS WIRE)--SafeNet, Inc. (NASDAQ:SFNT), setting the standard for information security, today announced that the company's K3 card has received Federal Information Processing Standard (FIPS) 201 certification for cryptographic modules. The K3 card, a component in SafeNet's Luna Hardware Security Modules (HSMs), is the first cryptographic module certified for FIPS 201, making it the first HSM to be certified Homeland Security Presidential Directive-12 (HSPD-12) compliant. HSPD-12 is an executive mandate requiring that all federal employees and contractors use a smartcard as identification badges for physical access and logical access to IT resources.

[pork belly] 24/10/2006 10:21

andrbea

thanks for all your posts. very helpful. have copied most of them to the iii bb if thats ok :0)

[igoe104] 24/10/2006 10:17

YEP. I,M expecting more positive annoucements, on amercian government contracts, any day now, i,ve said it many times in the past, i expect this will be over £2 by 2007 year end, the sector is going to have huge worldwide growth, because of worldwide security problems, if with get involved in some way in the amercian id card possible rollout, which involves 280 million people, you could be seeing quite a few millionaires on this board.

[andrbea] 24/10/2006 10:14

another example of FIPS 201-capable products/services

you have to be pre-qualified (like igp is) to benefit from the 2006-2007 contract procurement programme:

Department of Homeland Security's Transportation Security Administration Chooses ActivIdentity FIPS-201 Smart Card Solution to Increase Airport Security
Tuesday October 24, 12:01 am ET
ActivIdentity Helps TSA to Digitally Authenticate IDs of Critical Security Personnel Charged With Protecting the Nation's Vital Transportation System



/....

The rapidly approaching October 27, 2006 deadline for HSPD-12 mandates government agencies to deploy FIPS 201-certified Personal Identity Verification (PIV) smart identification cards, which incorporate identity assurance and strong authentication practices utilizing PKI and biometric fingerprint credentials on a single cryptographic smart card for increased security of both facility and network access.

[pork belly] 24/10/2006 10:04

yump,

with 27 Oct being a key date and the IGP chairman and chief executive Richard Parris. saying "We look forward to further wins in the coming weeks," in the sharecast article,dated 09 Oct 06, i think 50p will be broken next week.

[pork belly] 24/10/2006 09:55

WJCCGHCC

thanks for the correction.

34m it is. mkt cap still only 14m in a high growth market.

still cheap.

[yump] 24/10/2006 09:49

Its a nice symmetrical rise now after what must have been partly a markup. Looks like 50p is going to be the 'natural' barrier it always is ?

Obviously in a new era for the share price though - broken straight out of the previous long standing range in one go (well 2 i suppose)

[wjccghcc] 24/10/2006 09:42

advfn data is wrong. 34mm shares in issue = 16mm mkt cap at 47p.

[pork belly] 24/10/2006 09:38

Intercede wins US Government contract
Mon 09 Oct 2006


IGP - Intercede Group

Software & Computer Services 472 -0.53%

LONDON (SHARECAST) - Intercede equaled its 12-month high in early deals today after the smart card management provider announced its first contract win in the US Federal Government market.

The company said that RSA, the security division of EMC, has announced that RSA Card Manager has been selected by the US Environment Protection Agency to provide the smart card management component for the implementation of Homeland Security Presidential Directive-12 (HSPD-12).

RSA Card Manager is powered by Intercede's MyID technology under an OEM licence agreement announced in 2005.

HSPD-12 was issued by President Bush in August 2004 and required, firstly, the creation of an official federal standard for personal identity verification (PIV).

This would prescribe technologies and processes for the effective vetting and access control of all federal employees and contractors.

The second requirement was for every US Federal Agency to have implemented a PIV solution by the end of October this year, with all employees and contractors required to have a personal-201 compliant, smart card based identity card one year later.

Each of these cards will be issued and managed using a management system such as MyID.

"Although it is too early in the process to ascertain the financial implications of this project, this first win provides grounds for optimism that Intercede will achieve further successes via RSA and other partners with bids to provide technology for smart cards to be issued to other US Federal Agencies," said the group.

"It is estimated that almost 8m identity cards will be issued under HSPD-12. Industry analysts Stanford Group estimate the total value of the programme to be worth approximately $1.3bn."

"We look forward to further wins in the coming weeks," said chairman and chief executive Richard Parris.

[pork belly] 24/10/2006 09:38

USA programme worth $1.25B, IGP Mkt Cap ₤16m


On 09 Oct 06, IGP chairman said (read Sharecast article,next post):

"It is estimated that almost 8m identity cards will be issued under HSPD-12. Industry analysts Stanford Group estimate the total value of the programme to be worth approximately $1.3bn."

[pork belly] 24/10/2006 09:03

that piece ws in Sundays telegraph:


was the other puiece you posted in todays telegraph ?

[taurusthebear] 24/10/2006 08:57

The next 12 months might not lead to as much revenue as some may think, as the US agencies don't implement fully for another year, and there are delay periods on any other announcements before they get full revenue. So the next few months may see more expectation than actual historic earnings to support the price. I see this as a 2- or 3-year hold, as others have said, unless any nasty surprises come up, or the share price gets well ahead of itself... :0)

[pork belly] 24/10/2006 08:55

andrbea

was that in todays telegraph ?

[andrbea] 24/10/2006 08:54

looking ahead, OCT 27 is a key date too

Intercede's partners and US Federal Government agencies can immediately start using MyID PIV to comply with FIPS 201 and meet the October 27, 2006 deadline for issuing PIV cards and credentials.

[simonparker5] 24/10/2006 08:50

Spooky - I like to invest in business which have three revenue streams for the same product. These are sales of the product, maintenance/Support and consultancy. With IGP I determined you get all three. With this type of business it is easy to build scale once the market starts to move and having done alot of research last night decided it was time to dip my toe in. Now whether I have got my timing right time will tell but on a 12 month timeframe I think this will be an exiting ride.

[andrbea] 24/10/2006 08:46

low P/E

Intercede recently won a contract from the US Environmental Agency to supply software for its new smart card system. Intercede looks well placed to pick up more contracts with other US agencies on the back of this initial win. The company's shares currently trade on an earnings multiple for the year to the end of March 2007 of just 12.8. Buy says the Telegraph.

[rambutan2] 24/10/2006 08:44

looks like mms let off the leash today. excited small punters often not so bothered about a penny or five, they just want in - regrets, if any, will come later.

[wjccghcc] 24/10/2006 08:41

Definitely a bit spiky. This will take 2-3 years to demonstrate its true potential IMHO so I'd rather it settle at a more reasonable level and build a solid base. 40p would be a nice support to establish.

[gurp] 24/10/2006 08:35

only small trades showing - if there's a much bigger one to come can't see it being done on a newspaper tip, odd

[taurusthebear] 24/10/2006 08:33

spooky - I suspect it's the same reason why someone paid 177p for SOLA shares on the Monday after they were tipped by SCSW, and on the Friday before they closed at 143p! :0)

[spooky] 24/10/2006 08:31

Simonparker5 you were willing to pay 47p for a stock that closed at 40-43p last night.You may like what you see but your vision appeared overnight along with a number of other people,give us a hint,please.

[hybrasil] 24/10/2006 08:27

I have no intention of selling at these levels. I am putting these in the drawer for 24 months. I also bought more this am