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Intercede Group PLC (IGP)

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Friday 16 September, 2016

Intercede Group PLC

Trading Update

RNS Number : 9990J
Intercede Group PLC
16 September 2016

16 September 2016

Intercede Group plc


("Intercede" or the "Company")


Trading Update



The Company announces that it has had a slow start to the current financial year and is continuing to experience delays in the receipt of anticipated MyID license orders from both new and existing customers. Consequently, trading for the year to date is below expectations and the prior year.


The Company still has a strong pipeline of MyID license opportunities and is continuing to make good progress in pursuit of its short to medium term strategic objectives. However, the Board recognises that revenues for the full year are now likely to be lower than last year's record sales of £11.0m.






Intercede Group plc

Tel.     +44 (0)1455 558111

Richard Parris, Chairman & Chief Executive

Andrew Walker, Finance Director


Tel.      + 44 (0)20 7220 0500

Stuart Andrews, Corporate Finance

Joanna Scott, Corporate Broking


The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.


About Intercede

Intercede is a software and service company specializing in identity, credential management and secure mobility. Its solutions create a foundation of trust between connected people, devices and apps and combine expertise with innovation to provide world-class cybersecurity. Intercede has been delivering solutions to high profile customers, from the US and UK governments to some of the world's largest corporations, telecommunications providers and information technology firms, for over 20 years. Intercede's product portfolio includes MyID, an identity and credential management system that assigns trusted digital identities to employees citizens and machines. In 2015, Intercede launched MyTAM, enabling trusted applications to be loaded into a mobile device's Trusted Execution Environment (TEE), providing hardware-level security for Android apps.

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