Subcontract With Lockheed Mar

RNS Number : 5162E
Intercede Group PLC
29 September 2008
 



29 September 2008



Intercede Group plc

('Intercede')


Subcontract with Lockheed Martin Corporation - initial value $1 million


Intercede (AIM:IGP), the producer of the Intercede MyID™ Identity and Credential Management System, today announces that it has signed a subcontract agreement with Lockheed Martin Corporation. This contract, in support of an existing programme, has an initial value of $1m, of which Intercede will receive immediate advance payments of more than $500,000 for products, support services and software maintenance.


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


'This agreement is a logical progression from our previous success in the US market place. We look forward to continuing to work with Lockheed Martin to deliver and support additional new identity management projects around the world.'

 

About Intercede 


Intercede is the producer of the MyID™ Identity and Credential Management System (IDCMS). Intercede's MyID is renowned worldwide as the only IDCMS software product that enables organizations to easily and securely manage the identities of people and their associated identity credentials within a single, integrated, workflow driven platform. This includes enabling and managing: secure registration, biometric capture, application vetting and approval through to smart card personalization, issuance and management.


For more information 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

Tel.    +44 (0)20 7743 6679

Archie Berens


Robert Koh




KBC Peel Hunt  

Tel. + 44 (0)20 7418 8900

Richard Kauffer


Daniel Harris




This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTUKSVRWSRKURR
UK 100