Intercede Group PLC Contract Win: Follow-on Purchase Order (4961F)

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RNS Number : 4961F

Intercede Group PLC

17 November 2020

17 November 2020

INTERCEDE GROUP plc

('Intercede', the 'Company' or the 'Group')

Contract Win: Follow-on Purchase Order

Further to the contract win that was announced on 30 July 2020 and the receipt of an initial progress order that was announced on 20 August 2020, Intercede, the leading specialist in digital identity, credential management and secure mobility, is pleased to announce the receipt of a follow-on purchase order totaling $2.8m. The order includes software licenses and associated development, professional services and support & maintenance; the majority of which will be recognised in the current financial year ending 31 March 2021

As previously announced, the new contract win follows Intercede's involvement in a successful bid to create an innovative Identity Management System (IDMS) solution compliant with Homeland Security Presidential Directive 12 (HSPD-12)/US federal government standard FIPS 201 for the US Department of State and its customers.

The contract was included within the directors' expectations for the current financial year ending 31 March 2021.

ENQUIRIES

Intercede Group plc Tel. [phone]

Klaas van der Leest, Chief Executive

Andrew Walker, Finance Director

finnCap Tel. [phone]

Stuart Andrews, Corporate Finance

Simon Hicks, Corporate Finance

About Intercede

Intercede is a cybersecurity company specialising in digital identities, credential management and secure mobility.

Headquartered in the UK, with offices in the US, we believe in a connected world in which people and technology are free to exchange information securely, and complex insecure passwords become a thing of the past.

Our vision is to make the highest levels of cybersecurity available to all organisations, solving complexity issues by simplifying the management of digital credentials, securely and at scale.

We have been delivering trusted solutions to high profile customers for over 20 years. Our team of experts has deployed millions of identities to governments, most of the largest aerospace and defence corporations, and major financial services and healthcare organizations, as well as leading telecommunications, cloud services and information technology firms, providing industry-leading employee and customer credential management systems.

For more information visit: www.intercede.com

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November 17, 2020 02:00 ET (07:00 GMT)