Intercede Group PLC New Contract Award

TIDMIGP

Intercede Group PLC

09 March 2018

9 March 2018

INTERCEDE GROUP plc

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

New Contract Award

Intercede, the software and service company specialising in identity, credential management and secure mobility, announces that a major healthcare provider in the US has selected Intercede's MyID product for deployment as its new identity and credential management infrastructure.

Under this contract, MyID will be used to issue tens of thousands of digital credentials to healthcare professionals across the group on smart cards and mobile devices.

Secured through a long-term sales partner, this contract will have an initial order value of $300,000 including advanced support and maintenance fees. This win reinforces that Intercede's MyID product remains the platform of choice within the high-end US enterprise market.

Richard Parris, Chairman & Chief Executive of Intercede said, "This is Intercede's third large US healthcare customer to have been secured in recent years and it demonstrates the applicability of our technology in regulated markets. I am particularly pleased that the recent investment we have made in partner management and support is starting to generate a financial return."

ENQUIRIES

Intercede Group plc Tel. [phone]

Richard Parris, Chairman & 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, derived credentials and access control, enabling digital trust in a mobile world.

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 organizations and consumers alike, solving complexity and scalability issues by managing high volumes of digital credentials.

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

This information is provided by RNS

The company news service from the London Stock Exchange

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March 09, 2018 02:01 ET (07:01 GMT)