Confirmation of ActivCard as OEM Partner
Intercede, a leading developer of electronic
identity management software, today provides further information
regarding its agreement with ActivCard, a world leader in digital
identity technology.
On 7 December 2001, Intercede Group plc (IGP
LN) (IGP.L), a leading developer of electronic identity management
software, announced that it had signed a new OEM contract with
an unnamed US partner. This agreement included a commitment by
the Partner to buy an initial number of licences for Intercede's
edefice™, to the value of US$800,000, against a series of
development milestones that were scheduled for completion by March
2002.
Intercede is now able to announce that this
partner is ActivCard, a NASDAQ listed digital identity company
with headquarters in Silicon Valley, Paris and Singapore. Intercede
also confirms that all of the agreed development milestones have
been met and that full payment of the US$800,000 was received
by Intercede from ActivCard by 31 March 2002. Having due regard
for current market concerns about revenue recognition, the accounting
treatment of the US$800,000 will be determined as part of the
year end audit process.
ActivCard will be launching a suite of products
incorporating Intercede's edefice™ technology at CardTech/SecurTech,
a leading smart card technology exhibition, which is being held
this week in New Orleans.
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About Intercede
Intercede Group plc (IGP LN) (IGP.L) is a leading developer and
supplier of electronic identity management software. Intercede
is one of only three quoted security software companies on the
London Stock Exchange following its admission to the Alternative
Investment Market in January 2001. Intercede’s edefice™
provides any organization with the tools required to quickly deploy,
maintain and manage smart cards, tokens, biometric and PKI technology.
Intercede’s customers cover a range of industries and currently
include Barclays Bank, Lloyds TSB, the Department for Education
and Skills, the NHS, Compaq and ICL. For more information, visit
Intercede’s home page at http://www.intercedegroup.com/
or call +44 (0) 1455 558 111.
About edefice™
Intercede’s edefice™ is powerful electronic identity
management software designed to enable secure, cost-effective
and easy-to-deploy smart card, token, biometric and PKI solutions
ranging from logical and physical access to email and transaction
signing.
Edefice-enabled security solutions allow end
users to enjoy faster and more secure smart card-based access
to PCs, networks and buildings, while providing administrators
with an intuitive web-based electronic identity issuance and life
cycle management tool.
For more information, visit the edefice™
home page at http://www.edefice.com/
or call +44 (0) 1455 558 111.
23 April 2002
ENQUIRIES:
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Intercede Group plc
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Tel. 01455 558111
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Richard Parris
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Chairman & Chief
Executive |
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Andrew Walker
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Finance Director |
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College Hill
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Tel. 020 7457 2020
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Archie Berens
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E-mail:archie.berens@collegehill.com
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Clare Warren
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E-mail:clare.warren@collegehill.com
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