Trading Update

RNS Number : 7526Z

Intercede Group PLC

24 July 2008

 



24 JULY 2008

INTERCEDE GROUP PLC

('Intercede' or 'the Company')

Trading Update 

Intercede, a leading producer of Identity and Credential Management Systems (IDCMS) software, today announces that in the first three months of the current financial year it has made strong commercial progress compared to the previous year.

Software deliveries to previously announced major customers in the UK, Europe and the US have been completed on time and ongoing development work is proceeding according to contractual schedules. The trading performance for the quarter ending 30 June 2008 reflects this continued progress resulting in increased revenues and reduced losses year on year. 

Further progress has also been made with the selection of Intercede's MyID technology for the following projects:

·         Two additional US Federal Agencies (bringing the total number served by Intercede‘s technology to 10) will be using MyID to issue secure credentials.

·         A MyID system has been installed to power a First Responder (FRAC) service in a large US state.

·         A managed service incorporating MyID has been deployed by an Intercede partner to support a large US Military Base.

·         Intercede’s first Australian MyID customer.

·         An additional UK Government contract.

Richard Parris, Chairman and Chief Executive of Intercede, commented:

'The level of activity in all aspects and regions of our business is greater than it has ever been and we are benefiting from participating in one of the few technology markets that is rapidly growing in spite of the general economic downturn. The overall prospects for the Group remain positive and I expect Intercede to deliver enhanced financial performance in the current financial year and beyond'.

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, 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 market place including: Athena Smartcard Solutions, Gemalto, Oberthur Card Systems, Oracle, 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 http://www.intercede.com

ENQUIRIES

Intercede Group plc	Tel.    [phone]
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director
KBC Peel Hunt	Tel.    [phone]
Richard Kauffer
Daniel Harris
Pelham Public Relations
Archie Berens	Tel.    [phone]
Robert Koh	Tel.    [phone]

 

END

 

 

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