Intercede Share Discussion Threads

[biggerbil] 23/11/2006 12:33

... and what is the deal with the licenses? Are they for the lifetime of the product or renewable every 12 months?

[papalpower] 23/11/2006 12:33

Lovely news again :)

[wjccghcc] 23/11/2006 12:32

BigGerbil, the other bidders complained GSA favoured BearingPoint from the start and that the normal contract award process wasn't followed. The OMB overruled the protests until the Oct 27th deadline was met, then GSA decided to recompete rather than go to the appeals process. Also, there are alot more FIPS approved products available now than when the contract was awarded so GSA will probably split up the business and look for better pricing.

[biggerbil] 23/11/2006 12:28

WJCC, do you know why the contract originally given to BearingPoint/Gemalto has been cancelled?

[pork belly] 23/11/2006 12:22

WJCC,

excellent post as usual.

[liarspoker] 23/11/2006 12:19

Well done here WJC & TTB - and others. :O)

[wjccghcc] 23/11/2006 12:17

State of play on HSPD-12 with estimates of up to 8mm smart cards to be issued in the next 2 years.

As at Oct 27th, there were 10 agencies going it alone. 6 are with MyID (Verisign 2, RSA 3, Cybertrust 1)and 1 is with Actividentity.

17 agencies with the NBC SSP who awarded the contract to IBM/Lockheed. No announcement as to who is providing the CMS.

40 agencies originally with the GSA. Contract originally given to BearingPoint/Gemalto with the Bell ID CMS but that's now been cancelled and being recompeted in January. Wouldn't surprise me if several of the agencies involved, having met the Oct 27th deadline to issue at least one PIV card, now take a step back and decide to implement their own PIV solutions in order to derive the maximum benefit.

Some articles mention up to 80 agencies so there may be 13 unaccounted for in the above.

Current market share of announced deals is 6 out of 7 for MyID.

In addition, we have:

"Intercede is currently working with a number of partners, including a large HSPD-12 service provider, for the provision of additional PIV solutions to a range of other US Federal agencies.."

Now that could refer to Verisign but that had already been announced so I'm guessing it refers to another SSP. If it's IBM/Lockheed, then that's 17 agencies from the NBC. If not, then there's still plenty to play for.

More importantly for the long-term, with Actividentity going through turbulent financial times and Bell ID having cast its hat in with Gemalto, that sets up MyID as the pre-eminent govt approved CMS in the USA. Not bad for a 20mm mkt cap company from Lutterworth :-)

[pork belly] 23/11/2006 11:56

WJCC,

well done for correectly flagging this deal the other day.


a quick reminder:

Verisign signed a Global OEM Licence for Intercede's MyID(tm) Software
Dec 2005

Verisign (VRSN) is a $5.8 billion listed Nasdaq company.




"Under this contract Intercede will be paid to produce a custom version of MyID that will be exclusively integrated with a number of Verisign products and services.

This agreement guarantees Intercede a share of Verisign's future services revenues for all services that incorporate the Verisign version of MyID to manage smart cards and other devices."

[aphrodites] 23/11/2006 11:52

yump

Making money is always very tiring even on a quiet day. :o)

[yump] 23/11/2006 11:49

and I thought it was a quietish sort of day...
:-)

[pork belly] 23/11/2006 11:34

"These orders,.....firmly establish Intercede as the market leader in Personal Identification Verification (PIV) Identity and Card Management Systems (CMS)."


:0))

[aphrodites] 23/11/2006 11:32

topvest

It's all good news and lots more to come.

It will be very interesting to see the statement which accompanies the results.

In the mean time I hear a MM has a seller of 100,000 around the 74p level.

It could well be the same one who was selling at 64p and he is a scaled-up seller.

This might keep a lid on it for the next few days.

But remember you can only sell this one when there are buyers.

I'm still looking for a price around 90p before the year end.

[spooky] 23/11/2006 11:32

I think the fact that Richard Parrish says "firmly establish Intercede as the market leader in Personal Identification Verification (PIV)Identity and Card Management Systems (CMS).",is stunning.He is a conservative guy and to state that Intercede is the market leader is of major significance not only for the company but also for the likely outlook for shareholders.

[igoe104] 23/11/2006 11:28

yep nice tick up as well, a nightmare for sellers looking to get back in. ( ooh dear)


Further US Government Wins

RNS Number:5842M
Intercede Group PLC
23 November 2006

23 November 2006



INTERCEDE GROUP plc

('Intercede' or 'the Company')



First Orders Received from VeriSign under OEM Contract in Fulfillment of HSPD-12
Orders from US Federal Government Customers



Intercede is pleased to inform the market that the first orders have been
received from VeriSign, Inc., under the OEM contract with Intercede which was
announced on 12 December 2005. These orders relate to the sale of VeriSign's
integrated PIV Card Management System to the US Department of Education and a
further Executive Department. VeriSign's integrated PIV Card Management System
is powered by MyID.



Intercede Chief Executive, Richard Parris, said: "These orders, following soon
after previously announced selections of MyID powered solutions by a significant
Executive Branch Department, the US Environmental Protection Agency, the Federal
Trade Commission and the Federal Housing Finance Board, firmly establish
Intercede as the market leader in Personal Identification Verification (PIV)
Identity and Card Management Systems (CMS).



VeriSign's own press release on the US Department of Education award is as
follows:



U.S. Department of Education Turns to VeriSign for Meeting HSPD-12 Deadline



Seamlessly Integrated Card Management System Distinguishes VeriSign Managed PKI



MOUNTAIN VIEW, CA, November 13, 2006 - VeriSign, Inc. (Nasdaq: VRSN), the
leading provider of intelligent infrastructure for the networked world,
announced today that the U.S. Department of Education has chosen its integrated
authentication services to comply with Homeland Security Presidential Directive
12 (HSPD-12), the Federal Government's secure identity credentialing mandate.



VeriSign will provide the government agency with its integrated Personal
Identification Verification (PIV) Card Management System (CMS) and Shared
Service Provider (SSP) Public Key Infrastructure (PKI) solution. The
integrated, managed solution helps enable quick deployment and faster compliance
with the mandate.

"VeriSign's managed PKI solution made it possible for us to deploy an
HSPD-12-compliant solution without making costly infrastructure investments,
saving time and taxpayer dollars," said Winona Varnon, Esq., director of
security services, Department of Education. "The seamless integration between
the CMS and the SSP components represent a significant advantage over other
solutions. Given VeriSign's extensive experience operating mission critical
Internet infrastructure, we are confident we have made the right decision."

The VeriSign integrated solution provides agencies with a single, easy-to-use
platform to manage the issuance and life-cycle of both the PIV card and the
associated PKI credentials. This managed service solution of smart card and
certificate management systems helps enable quicker deployments and ensures the
highest return on the customer's investment.



"To comply with the HSPD-12 mandate, government agencies need proven, reliable,
and scalable solutions that meet the criteria specified in Federal Information
Processing Standard 201 (FIPS 201)," said George Schu, vice president for
strategic development, VeriSign. "VeriSign's integrated PIV Card Management
System and Shared Service Provider PKI allow our customers to lower the total
cost of ownership by leveraging a common platform to meet critical government
security requirements."



In June of 2006, VeriSign SSP PKI was the first service to be certified under
the General Services Administration (GSA)-managed FIPS 201 Evaluation Program,
and subsequently was the first component added to the GSA's FIPS 201 Approved
Product List. Government agencies that choose the VeriSign SSP PKI can be
assured that not only can VeriSign provide the mandatory and optional
certificate types defined in FIPS 201, but that the VeriSign SSP PKI and
associated certificate validation services are being delivered by a highly
scalable, reliable and secure infrastructure unmatched in the industry.



About VeriSign
VeriSign, Inc. (Nasdaq: VRSN), operates intelligent infrastructure services that
enable and protect billions of interactions every day across the world's voice
and data networks. Additional news and information about the company is
available at www.verisign.com.



Trademarks
VeriSign, and other trademarks, service marks, and logos are registered or
unregistered marks of VeriSign, Inc. and its subsidiaries in the United States
and in foreign countries. Copyright (c) 2006 VeriSign, Inc. All rights reserved.



About HSPD-12
HSPD-12 is one of the most important and high profile security directives of
recent years. It required, firstly, the creation of an official federal standard
(FIPS-201) for Personal Identity Verification (PIV), which would prescribe
technologies and processes for the effective vetting and access control of all
federal employees and contractors. The second requirement of HSPD-12 was for
every US Federal Agency to have implemented a PIV solution by October 27, 2006,
with all employees and contractors required to have a personal FIPS-201
compliant, smart card based, PIV identity card one year later. Each of these
cards will be issued and managed using a management system such as MyID.

All HSPD-12 solutions must by mandate only incorporate products that have been
exhaustively tested against by the US General Services Administration (GSA), and
included in the GSA's Approved Product List for PIV products. Intercede
announced on 4 October 2006 that it had become the first product in its category
to achieve this coveted status.

It is estimated that almost 8 million identity cards will be issued under this
programme. Industry analysts Stanford Group estimate the total value of the
programme to be worth approximately US$1.3 billion.

About Intercede
Intercede Group plc is a leading developer and supplier of smart card and
identity management software listed on the London Stock Exchange (IGP LN)
(IGP.L). The Group's MyID software manages the secure registration, issuance and
lifecycle of digital identities for a wide range of uses. This requires the
integration of multiple technologies and products from many different vendors,
including smart cards, biometrics, digital certificates and Open Platform
applets.

Intercede works with a number of market leading OEM, re-seller and technology
partners that supply MyID technology including: Athena Smartcard Solutions,
Gemalto, RSA Security, SafeNet, Thales, VeriSign and a variety of systems
integrators and other security product and service providers.

Intercede and MyID are registered trademarks or trademarks in the UK, US and/or
other countries. For more information visit



ENQUIRIES


Intercede Group plc Tel. [phone]
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director

Pelham Public Relations
Archie Berens Tel. [phone]
Kate Catchpole Tel. [phone]

[topvest] 23/11/2006 11:22

More contract wins just announced...well the contracts are flying in now!

[barnsey] 21/11/2006 15:39

The more you research the more you unfold the massive future for Intercede.
Below just two of many such contracts from Gemalto





July 4, 2006
Gemalto to Design, Build and Implement the First Smart Card-Based Healthcare System in Algeria to provide 7 million smart cards over three years.





September 21, 2006
Gemalto to Provide 2.5 Million National ID cards to the Sultanate of Oman

[pyman] 21/11/2006 13:17

re loan notes. I think someone who is prepared to loan a small co has faith and is looking to the future. I d be surprised if they would convert and sell now unless they have a tax obligation they cannot fund. I d collect my 6% divs and be happy that i was getting fanastic cap growth too. No fear of dilution for the moment.

[pork belly] 21/11/2006 10:59

DAILY EXPRESS
Share Whisper:
*Hopes for more US contracts lift Intercede Group (IGP.L).

[graham browns dad] 20/11/2006 20:15

well done all holders.
i posted on another thread a while back,that it was suggested to me to trouser a few of these.i was told short term price target 80p..which i believe we hit today.
at the time i thought it fanciful..the 12 month target mentioned to me was over £2..i hope my contact proves right..

one to be in i believe...good luck all,who enjoy the ride.

[aphrodites] 20/11/2006 18:59

barnsey

Many thanks.

I shall try and find out a bit more about these.

The reason I ask is because if they have various fixed conversion dates we will be forwarned that stock might be about to hit the market.

[barnsey] 20/11/2006 18:05

Hi APHRODITES

The only information regarding conversion of loan notes, posted below.

Hope this helps.


Attention is drawn to a significant event which took place subsequent to 31
March 2006 as outlined in note 7. The convertible debt has been extended through
to 31 May 2009 which means that #1,432,000 of convertible debt and #301,000 of
associated interest, both of which are included above within creditors falling
due within one year, has now become due within two to five years.

[pyman] 20/11/2006 16:55

wow- those loan notes are a looking like a great deal- for the lenders!. Who are they?

[igoe104] 20/11/2006 16:33

latest press release.

Intercede Wins Additional US Federal Government HSPD-12 Compliance Contracts for MyID Technology

HSPD-12 is one of the most important and high profile security directives of recent years. It was issued by President Bush in August 2004 and required, firstly, the creation of an official federal standard (FIPS-201) for Personal Identity Verification (PIV), which would prescribe technologies and processes for the effective vetting and access control of all federal employees and contractors.

The second requirement of HSPD-12 was for every US Federal Agency to have implemented a PIV solution by the end of October 2006, with all employees and contractors required to have a personal-201 compliant, smart card based identity card one year later.

All HSPD-12 solutions must by mandate only incorporate products that have been exhaustively tested against by the US General Services Administration (GSA), and included in the GSA's Approved Product List for PIV products.

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

Operational Research Consultants, Inc. (ORC), a wholly owned subsidiary of WidePoint Corporation, and a RSA Security partner, has signed contracts with both the Federal Trade Commission (FTC) and the Federal Housing Finance Board (FHFB) to provide end-to-end managed services in support of their Homeland Security Presidential Directive 12 (HSPD-12) compliance.

ORC's hosted PIVotal ID Card Management System (CMS), powered by the RSA Card Manager will provide both agencies with end-to-end PIV card enrolment, issuance and management services. RSA Card Manager is powered by Intercede's MyID technology under an OEM licence agreement announced in 2005.

Richard Parris, Chairman & Chief Executive of Intercede, commented: "Intercede are delighted that both the FTC and the FHFB have selected MyID powered solutions from RSA Security and its partners. This announcement demonstrates that MyID has the flexibility and scalability to work not only as a stand-alone product, but also in a hosted environment, such as ORC, where multiple technologies and solutions are integrated to deliver an end-to-end service

[aphrodites] 20/11/2006 15:54

barnsey

Many thanks for that information.

Do you know; can the stockholders convert at any time or are there specific conversion dates?

[barnsey] 20/11/2006 14:28

As at 31 March 2006, both of the Group's loan stock agreements totalling
#1,432,000 had become due for conversion or repayment at the option of the loan
stockholders within the next 12 months. However, following discussions with the
loan stockholders, agreement was reached on 31 May 2006 for both of the loans to
be extended through to 31 May 2009. In return, the conversion prices, as
adjusted for the effect of the July 2003 Placing warrants, have been reduced
from 33.06p to 20.0p (for the #982,000 loan) and from 23.52p to 15.0p (for the
#450,000 loan). Interest will be charged at 6% per annum with effect from 1
April 2006, with the loan stockholders also being able to choose to convert all
outstanding interest.

Whilst this variation of terms will result in additional potential dilution of
up to 12% for the Group's shareholders, it removes the risks and costs
potentially involved from having to secure alternative funding prior to the end
of 2006 and, in addition, significantly increases the likelihood of both loans
ultimately being converted.