Intercede Share Discussion Threads

[aphrodites] 27/3/2007 07:23

INTERCEDE GROUP PLC

('Intercede' or 'the Company')



Trading Update for the Full Year to 31 March 2007



Following the announcement of a number of contract wins during the final quarter
of 2006, Intercede has continued to work closely both with its partners and with
major systems integrators and service providers on an increasing number of US
Federal Government opportunities. These opportunities have arisen as a result of
HSPD-12, a Presidential Directive which requires all US Federal Government
employees and contractors to have a state-of-the-art smart card based identity
card complying with a new standard of Personal Identity Verification.

Most recently, we can report that Intercede's MyID technology has been selected
though our partner network for the next phase of the Transportation Worker
Identification Credential (TWIC) program. In parallel with HSPD-12, the TWIC
program requires the issuance of a smart card containing biometric information
to specified maritime workers at ports and vessels regulated by the US
Transportation Security Administration and the US Coast Guard. This is a
multi-year contract with more than 750,000 individuals forecast to require TWIC
smart cards.

In addition, we have also been informed that Intercede's MyID technology is to
be adopted by two further major systems integrators in support of specific
funded programs in the aerospace and defense sectors.



The timelines for product procurement and delivery of the above programs have
yet to be fully established. Thus, although Intercede's technology is rapidly
gaining traction, the financial impact of all of these activities is not yet
clear.



In addition to the success Intercede is enjoying in relation to the US Federal
Government market, the Group is also experiencing a growing interest in the use
of its technology in other areas and territories, notable examples being the
healthcare and financial markets.



Following the progress made during the year, the Board expects revenue for the
full year to 31 March 2007 to be no less than 20% higher than last year, which
does not take into account the possible reporting of any late partner wins. The
Group has also been cash generative since 30 September 2006.



Intercede expects to announce its full year results for the year ended 31 March
2007 by the end of May/early June 2007.





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). Intercede'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, Oberthur Card Systems, 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

[igoe104] 26/3/2007 10:38

Leading Identity Management and Security Providers Collaborate to Enable Physical/Logical Convergence





Intercede, Hirsch Electronics, and Magicard collaborate to provide a single end-to-end solution for identity management and HSPD 12/FIPS 201 that uses smart card and physical security technologies to enable Physical/Logical access convergence.

Lutterworth, United Kingdom (PRWeb) March 26, 2007 -- Intercede, a leading developer of powerful smart card and identity management software, Hirsch Electronics, a leading provider of physical security management systems and, Ultra Electronics, the manufacturer of Magicard secure ID card printers, are pleased to announce a major technology partnership. This partnership will enable any organization or Government agency to enhance efficiency, increase security and reduce costs by consolidating multiple identity and security credentials onto a single device which enables employees to securely access both physical and logical resources.

This technology partnership integrates Intercede's MyID® smart card and identity management system with Hirsch's Velocity physical access control system (PACS) and Magicard printers. Using MyID as the central enrolment, issuance and management system, any organization or Government agency can immediately start issuing and managing converged identity badges in a single issuance process - How? In a single workflow and in a single pass, MyID pushes the required identity information into the Hirsch Velocity Physical access server while at the same time encoding the relevant identity credentials and printing graphical information onto a smart card using a Magicard printer.

Intercede and HIRSCH will be demonstrating Physical/Logical interoperability on the HIRSCH booth #26049 at ISC West in Las Vegas - March 28 - 30, 2007. ISC West is where end-users of security, systems integrators, dealers, and installers cover all their security needs.

About MyID PIV
MyID PIV is a pre-configured card, credential and identity management solution that addresses the challenges faced by agencies deploying FIPS 201 compliant PIV smart cards to their employees and contractors. MyID PIV provides both 'out-of-the-box' PIV card issuance and management capabilities along with a highly flexible and configurable integration platform for existing services, applications and processes.

MyID PIV provides cardholder registration and complete PIV card lifecycle management that is integrated with a variety of document, photo and biometric capture devices, card printing and production solutions, PIV II certified smart cards, PKI certificate providers and identity management systems. Each function within the MyID issuance process may use existing product features, or utilize external applications as appropriate.

MyID PIV was the first smart card and identity management system to support FIPS 201 PIV ll certified smart cards and the first card management system (CMS) to be certified for electronic personalization and listed on the GSA's FIPS 201 Approved Products List (APL).

"MyID is a recognized leader in the smart card and identity management market and we continue to strengthen that position by adding interoperability with leading physical access solution providers and other security technology vendors," said Richard Parris, Intercede Chairman and CEO. "We are extremely pleased to be working closely with leading physical access vendors such as Hirsch and leading card printer manufacturers such as Magicard to bring innovative and compelling identity solutions to the global market place."

About Hirsch Velocity Physical Access Control System
Hirsch's award-winning Velocity Security Management System is management software for access control and security operations. Seamless integration of door control, alarm monitoring, credential enrollment, photo badging, video, dynamic graphics, database management and tutorials yields an easy to use and easy to install system suitable for a single door or an enterprise.

Velocity is one of the first systems to utilize FIPS 201 PIV II smart cards in a physical access control system. Velocity Server software, along with the latest shipping controller firmware and universal reader interface can read the CHUID/FASC-N number on a PIV II card presented to either a contactless or contact reader. Access will be granted to personnel that have been enrolled into the Velocity PACS either locally or through the interoperable interface with the Intercede Identity/Card Management System.

Hirsch's RUU-201 Verification Station can be used to perform a complete identity verification including PIN entry on a ScramblePad, a biometric fingerprint check and PKI certificate check. The RUU 201 can be used with Velocity to enroll a card issued by the Intercede IDMS/CMS, to gain access to a door, to verify identity at a spot check station or to confirm that the person enrolled is the one being given the card at issuance.

"We are excited about the partnership with Intercede and Magicard" said HIRSCH's Vice President of Marketing, Rob Zivney. "Our end to end solution is cost effective for federal agencies, state & local governments, and corporate enterprises, We believe that FIPS 201has established a standard and the federal government has become a catalyst for smart card identity management solutions that can be deployed globally across many vertical markets"

About Magicard Printers
Magicard secure ID card printers from Ultra Electronics are used in a wide variety of portrait ID and access control applications, and incorporate innovative HoloKote® anti-counterfeiting technology, developed and patented by Ultra, which puts a watermark across the printed card surface. For HSPD-12 applications, the Magicard Tango +L integrated ID card printer & laminator provides a complete solution for card printing, encoding, and lamination.

"We are very pleased to be working with Intercede and Hirsch" said Magicard's Team Leader, Andy Matko. "The integration of Magicard printers & MyID software provides an interoperable and highly secure solution for both federal agencies and integrators, putting in place a crucial part of the overall HSPD-12 project."

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, Open Platform applets and physical access control systems.

Intercede works with a number of market leading OEM, re-seller and technology partners that supply MyID technology to the global marketplace including: 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 on Intercede and MyID visit

About Hirsch Electronics
For more information on Velocity 3.0, please visit:

Hirsch Electronics manufactures high security access control and security management systems for worldwide markets and has done so for more than twenty-five years. Hirsch has earned numerous industry awards for their integration of door-lock control, alarm monitoring, video integration, badging, identity management and interoperability.

Hirsch's customers include government (federal, state and local), banks, hospitals, universities, corporate headquarters, manufacturing, and other facilities desiring high security that is reliable and easy to use. Hirsch offers a complete line of security products including Velocity™ Security Management System, high-security controllers, video equipment, and privacysensitive keypads and multipurpose readers including ScramblePad®, ScrambleProx® and ScrambleSmartProx™.

Hirsch Electronics is located at 1900-B Carnegie Avenue, Santa Ana, California, 92705, U.S.A., Phone: [phone], E-mail: e-mail protected from spam bots; Website: www.HirschElectronics.com.

About Magicard
Magicard secure ID card printers are manufactured by Ultra Electronics Card Systems, which is part of the international defense, aerospace and security group Ultra Electronics, with a worldwide workforce of 3,000 employees. Ultra has been designing and manufacturing its Magicard range of secure ID Card Printers since 1993, and is now recognized as one of the world's leading manufacturers.

Enquiries:
Intercede
Ian Lowe - Marketing/Business Development Manager
ian.lowe(at)intercede.com
Tel. [phone]

Hirsch
Scott Howell
marketing(at)hirschelectronics.com
Tel. [phone]

[taurusthebear] 22/3/2007 12:41

Problem is that they want more for it than I'm prepared to pay right now! :0)

[jailbird] 22/3/2007 12:29

spooky,
there has been for a bit.

[spooky] 22/3/2007 11:53

For anyone interested there is stock on offer this morning.

[wjccghcc] 21/3/2007 13:39

igoe, that's a request for proposals for The US Treasury who are going to implement their own HSPD-12 solution rather than use the GSA or NBC SSP offerings.

The GSA contract award is due this month or next month but I don't think Verisign are in the running for it unless they've teamed up with one of the bigger integrators. Happy to be proved wrong.

[igoe104] 21/3/2007 12:22

interesting times ahead, news on the hspd-12 contract, expected on 29th march which i expect versign to win.

twic project has been comfirmed to be going the biometric way, which is great news, with lockheed winning that contract.



also possible start on the uk national id card, for overseas workers, working in the uk, soon.

[wjccghcc] 21/3/2007 11:59

Sorry garth, no brokers note. KBC is the corporate broker but I don't think they follow them closely.

jailbird, they've updated on 31/3 for the last 2 years.

[jailbird] 21/3/2007 11:55

garth, i haven't..anyone else?

found this on TDW

Detailed Broker Forecasts 2007

Broker Date Rec Pre-tax (£) EPS(p) DPS(p) Pre-tax(£) EPS(p) DPS(p)
KBC [R] 27-02-07 CORP -0.07

[garth] 21/3/2007 11:47

WJ, Jailbird, Igoe et al,

Have any of you got a current broker note for IGP?

G.

[jailbird] 21/3/2007 11:36

trading statement in 2 weeks ..did u make call then? or r u looking
thru historical RNS'

[wjccghcc] 21/3/2007 11:05

Trading statement due in the next 2 weeks.

My understanding is that HSPD-12 rollout has pretty much ground to a halt while the agencies focus on getting things right so I wouldn't expect any more revenue from that area over the 500k they said they'd book at the time of the interims. However it is then meant to ramp up in April-June so the year about to start should see a big benefit which will increase up to the Oct 08 deadline for issuance to all 1.8mm federal employees plus 4-5mm contractors.

Plus we've got rollouts to Lockheed, the top 4 US bank and the NHS for the year ahead and hopefully more states along the lines of Pennsylvania with Verisign.

In summary I'm looking for a nice increase in revenue for the year just ending but maybe not enough to carry them into profitability. However, the current year going forward should see revenues heading towards 5mm IMHO depending on contract timing which should give EPS of 4-5p if the costs associated with all the new projects they're working on don't increase too much.

[jailbird] 21/3/2007 10:22

nice one igoe..IGP is looking more and more a buy..do want to tempt fate but
there has been some nice consolidation after the results..looks like peeps and mkt can see the this yr onwards revenues are gonna be coming in.

[igoe104] 20/3/2007 20:18

Latest news on the hspd-12 project.

[igoe104] 17/3/2007 07:08

Latest on the twic project.

TWIC is going to be a tamper-resistant, biometric credential. It will ensure positive confirmation of identity, and therefore, it will allow greater but more efficient access control at our most important and vulnerable facilities. We've already conducted security threat assessments on the eligible workers, and we expect to begin enrollment in this card process at the end of the month with an estimated population of almost three-quarters of a million port workers ultimately receiving cards.


* So the solution is often some kind of a device or some middleware that allows bridging among these different systems. *

[pyman] 16/3/2007 09:58

that s the thing about these tight stocks- news driven and wild movement. Have to be in when its quiet and be very sure it s going the right way as the downside is just as fast. The story is still building I think and investor radar elsewhere at the moment.Happy holding and picking off a few at a time

[barnsey] 15/3/2007 20:20

Hi pyman
I wish someone would start buying, not many trades lately.
No doubt everyone will pile in on good news when the share price rises, strange.
Happy to be holding long term for now.

[pyman] 15/3/2007 18:18

and not that charting holds any great store for such a small cap - but...it is a nice chart!

[pyman] 15/3/2007 18:17

Its all going quiet. GOOD. watched kettle never boils. Time to buy.

[igoe104] 11/3/2007 20:51

OUR partner siemans, is also going in the health card direction.



ALSO latest news on the twic.

[topvest] 11/3/2007 19:03

I've been a bit surprised that there hasn't been a lot of investor hype over smart cards. It's ideally placed to demonstrate "bubble" mentality in a growth sector. Just hasn't happened..yet, anyway!

[spooky] 11/3/2007 18:10

I would imagine that the 500,000 MyID licences purchased by Gemalto for the NHS suggest that Intercede is fairly well positioned to win business in the healthcare market :-o)

[barnsey] 10/3/2007 21:33

The market in general would appear to show no interest in igp or the huge
potential of smartcards at the moment, but as the few on here know that will
change in time and indeed gives a little longer to top up.

Below is a link to the healthcare market and the importance of smartcards.
After reading you realise this market alone will be huge.

[ponty] 09/3/2007 23:51

At least we are trying