Major Subcontract with Thales

RNS Number : 8565H

Intercede Group PLC

01 March 2010

 



1 March 2010

Intercede Group plc

("Intercede" or the "Company")

Major Subcontract with Thales

Intercede announces that  it  has signed  a new subcontract with Thales UK for the supply of  software licenses, professional services and recurring support and maintenance fees relating to the production deployment of a major UK government project. 

Revenues associated with this project (including amounts invoiced prior to signing the sub-contract) are expected to exceed £0.5m in the current financial year. There is the potential for additional revenues during future periods.

About Intercede
Intercede is the producer of the MyID® Identity and Credential Management System (IDCMS). Intercede's MyID is 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 personalisation, issuance and management.

Intercede's MyID is being used around the world by large corporations, governments and banks to manage millions of identities for employees, citizens and customers. Notable deployments in the US include 10 Federal Agencies, a program with Lockheed Martin and two major US financial institutions. In Europe and the Middle East, Intercede's MyID is being deployed in support of government identity, health and corporate employee ID security projects.

For more information visit http://www.intercede.com

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ENQUIRIES

Intercede Group plc
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director
Tel.  [phone]

FinnCap
Clive Carver, Corporate Finance 
Joanna Weaving / Tom Jenkins, Corporate Broking  

Tel. [phone]

Pelham Bell Pottinger
Archie Berens
Tel. [phone]

 

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