Intercede Group PLC
30 August 2007
30 AUGUST 2007
Intercede Group plc ('Intercede' or 'Company')
New Licence Agreement Worth £0.5million
Intercede, one of the world's leading developers and suppliers of smart card and
identity management software, is pleased to announce that it has entered into a
new licence agreement with a major international electronics and systems group.
Under the terms of the agreement, Intercede will be paid an up front fee of £0.5
million, which is expected to be received by 30 September 2007. Services
performed pursuant to the licence will be invoiced separately.
Further details of the agreement will be released in due course.
Richard Parris, Chief Executive of Intercede, commented:
'This is a significant new licence which underlines the power and scalability of
our MyID product. Organisations all around the world are interested in the
product and its ability to manage a full range of digital identities.'
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: 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 on Intercede and MyID visit http://www.intercede.com
ENQUIRIES:
Intercede Group plc Tel. +44 (0)1455 558111
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director
Pelham Public Relations
Archie Berens Tel. +44 (0)20 7743 6679
KBC Peel Hunt (Nominated adviser and broker) Tel: +44 (0)207 418 8900
Richard Kauffer / Gordon Suggett
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.