Receipt of $3.4m Order

RNS Number : 3116U

Intercede Group PLC

01 April 2021

 

1 April 2021

INTERCEDE GROUP plc

('Intercede', the 'Company' or the 'Group')

Receipt of $3.4m Order

Intercede, the leading specialist in digital identity, credential management and secure mobility, is pleased to announce that a large US Federal Government order totaling $3.4m was received on 31 March 2021.

This order represents the annual support & maintenance renewal on a longstanding existing project for the period from 1 April 2021 to 31 March 2022. It will therefore be fully recognised in revenue during the new financial year ended 31 March 2022. The US Government has also requested and been offered the option to renew annual support & maintenance at the same price for two subsequent years, i.e. the years ending 31 March 2023 and 31 March 2024.

In line with normal practice, a Trading Update will be provided as soon as possible following the recent completion of the Company's financial year on 31 March 2021.

ENQUIRIES

Intercede Group plc	Tel.     [phone]
Klaas van der Leest, Chief Executive Andrew Walker, Finance Director
finnCap	Tel. + 44 (0)20 7220 0500
Stuart Andrews / Simon Hicks, Corporate Finance
Tim Redfern / Charlotte Sutcliffe, ECM

About Intercede

Intercede is a cybersecurity company specialising in digital identities, derived credentials and access control, enabling digital trust in a mobile world.

Headquartered in the UK, with offices in the US, we believe in a connected world in which people and technology are free to exchange information securely, and complex insecure passwords become a thing of the past.

Our vision is to make the highest levels of cybersecurity available to organizations and consumers alike, solving complexity and scalability issues by managing high volumes of digital credentials.

We have been delivering trusted solutions to high profile customers for over 20 years. Our team of experts has deployed millions of identities to governments, most of the largest aerospace and defence corporations, and major financial services and healthcare organizations, as well as leading telecommunications, cloud services and information technology firms, providing industry-leading employee and customer credential management systems.

For more information visit: www.intercede.com

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

 

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