Intercede Share Discussion Threads

[237gmoney] 29/3/2010 12:34

I notice Gemalto issued their results a few weeks back and did pretty well.

This snippet from their annual report indirectly includes IGP with the Kuwait ID card project.

"We reached several eID milestones in 2009, with particular activity in the Gulf region. In January, we announced delivery of another batch of one million eID cards, plus related services, to the Kingdom of Bahrain. The high-end cards combine built-in biometrics and contactless technologies. They can also be used as travel documents in the Gulf Cooperation Council (GCC) countries.
In March 2009 we concluded a deal to continue supplying eID to the Kingdom of Saudi Arabia for three years. In April, we issued the one millionth Gemalto eID in the United Arab Emirates.

In June, Kuwait deployed its own eID card program using Gemalto technology, again with a million-strong order for multi-application cards for citizens, and two million more for foreign residents.

Gemalto continued to break new ground in 2009. The ePurse functionality in the eID cards we supplied to Oman was 'post-activated' in July, allowing users to pay administrative fees for certificates, registrations, licenses and visa applications – as well as topping up cellphones and shopping in many stores. This is the first time on-card functionality has been activated post-deployment. The application uses Gemalto's turnkey Coesys ePurse solution.

In Europe, Lithuania's Ministry of Interior commissioned Gemalto to deliver 900,000 Sealys laser-secured cards for the country's national eID program. Portugal became one of the first countries to fulfill the EU requirement for an electronic European Residence Permit (eERP) from 2010. Gemalto will deliver 150,000 cards per year over the next three years and has also supplied INCM, the country's mint, with its Coesys Issuance personalization solution.

In July, Gemalto worked with Australia's Placard Pty Ltd to provide several million Sealys electronic driver licenses to the Department of Transport and Main Roads in Queensland. And in May, Gabon's national healthcare body chose Gemalto to run its new eHealthcare project, supplying a solution including cards, personalization services and an ID verification system."

[felix99] 29/3/2010 11:31

suspect there might have been long term sellers who were locked in. Now case is sorted they can sell as will be some buyers around who previously may have held off.

Best buy and Hurry whilst stocks last !

[interceptor2] 29/3/2010 11:28

Was the 40k a sell or a buy it's hard to tell, unless you can see on level 2 which I can't.

[237gmoney] 29/3/2010 10:21

Another 40k sell today? I thought the settlement of the case was a positive but I guess others think differently....

[igoe104] 29/3/2010 09:53

Another big id card data-base project starting soon.

[igoe104] 26/3/2010 14:40

Lots of projects for igp to get involved in the states.



ps 50K sell today also.

[boadicea] 26/3/2010 14:05

fft - You've probably got the patent settlement about right, imho - i.e. not treading on each other's toes.

A swap/cross-licensing of (relevant) patents with a small balancing settlement where appropriate sort of thing. This could put both of them in a stronger joint position to ward off others.
I am left wondering whether the latest Actividentity news (piv 1 program) could possibly have been subject to potential ip challenge by IGP and been used as a bargaining counter.

Another thought - It all ended surprisingly quietly.... but then there would be absolutely no point in Actividentity proceeding with costly litigation against IGP if they had an intention of acquiring them. (I am only thinking aloud.)

[fft] 26/3/2010 12:36

doesnt, for once, appear to be any shortage of stock. online dealing for 20k blocks inside spread very easy.

re. above, why do you think 44.5p would be a sell ? you can buy 20k for less than that !

added on edit. that 50k at 42.5 is a sell ! and is why stock has been easy to pick up. Suspect there is more for sale.

[237gmoney] 26/3/2010 12:36

And another trade today of 25,000 at 44p someone keeps on selling. how much more do they need to sell?

[igoe104] 26/3/2010 12:24

TWIC passers 1.5 million.



This will be on-going as well because the cards only last 5 years as well, plus like wjjc has said it could expand over 6 million eventually.

[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