Intercede Group PLC Contract Win: Follow-on Purchase Order (4961F)
17 November 2020 - 6:00PM
UK Regulatory
TIDMIGP
RNS Number : 4961F
Intercede Group PLC
17 November 2020
17 November 2020
INTERCEDE GROUP plc
('Intercede', the 'Company' or the 'Group')
Contract Win: Follow-on Purchase Order
Further to the contract win that was announced on 30 July 2020
and the receipt of an initial progress order that was announced on
20 August 2020, Intercede, the leading specialist in digital
identity, credential management and secure mobility, is pleased to
announce the receipt of a follow-on purchase order totaling $2.8m.
The order includes software licenses and associated development,
professional services and support & maintenance; the majority
of which will be recognised in the current financial year ending 31
March 2021
As previously announced, the new contract win follows
Intercede's involvement in a successful bid to create an innovative
Identity Management System (IDMS) solution compliant with Homeland
Security Presidential Directive 12 (HSPD-12)/US federal government
standard FIPS 201 for the US Department of State and its
customers.
The contract was included within the directors' expectations for
the current financial year ending 31 March 2021.
ENQUIRIES
Intercede Group plc Tel. +44 (0)1455 558 111
Klaas van der Leest, Chief Executive
Andrew Walker, Finance Director
finnCap Tel. +44 (0)20 7220 0500
Stuart Andrews, Corporate Finance
Simon Hicks, Corporate Finance
About Intercede
Intercede is a cybersecurity company specialising in digital
identities, credential management and secure mobility.
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 all organisations, solving complexity issues by
simplifying the management of digital credentials, securely and at
scale.
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
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END
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