Year end trading update

RNS Number : 6352B

Intercede Group PLC

05 April 2013

 

5 April 2013

Intercede Group plc

("Intercede")

Year End Trading Update

Intercede confirms that its trading for the financial year ended 31 March 2013 was in line with the expectations set in the Trading Update that was issued on 1 February 2013.

Richard Parris, Intercede Chairman, said: "Intercede has advanced its market position in a challenging year for our key customers and markets. We have secured new contracts, widened our sales pipeline and invested in the development of new technologies and products. We continue to strengthen our management structure and are well placed for growth and exploitation."

Intercede expects to announce its results for the year ended 31 March 2013 by mid June 2013.

ENQUIRIES

Intercede Group plc	Tel.      [phone]
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director
FinnCap	Tel.      + 44 (0)20 7220 0500
Stuart Andrews/Rose Herbert, Corporate Finance
Joanna Weaving, Corporate Broking
Pelham Bell Pottinger	Tel.      [phone]
Archie Berens

About Intercede

Intercede® is a security software provider whose MyID® identity management platform enables global organisations and governments to create trusted digital identities for employees and citizens on secure devices such as smartcards, smartphones and tablets. MyID enables the protection of IP, assets, and digital content, delivering trusted digital identities as the cornerstone of cyber security strategies for government, defence, financial services and other industries.

The Company operates in global markets (including the US, Europe and Middle East) and works with large international partners including BT, Gemalto, HP, Microsoft, Oberthur, SafeNet, Symantec and Thales to deliver flexible digital identity solutions that are interoperable with other existing technologies and which are tailored  to customer needs.

Corporations such as Boeing, Booz Allen Hamilton and Lockheed Martin, and governments including the USA, UK and Kuwait, trust Intercede's deep expertise to deliver effective solutions. The company's technology achievements reflect an investment of 300 plus man years of development, exemplary speed of deployment and adherence to international standards including FIPS 201, where MyID was the first electronic personalization product to obtain GSA approval. This trust is reflected in Intercede's rate of repeat business with its customers, which typically runs at 70-80% of annual revenues. 

Intercede has been developing ID management systems since 1992 and MyID is currently deployed by end customers located in 24 countries. The Company is headquartered in the UK, listed on the London Stock Exchange AIM: IGP and ISO 9001 and TickIT certified.

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

 

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