Intercede Signs US$1 million OEM Contract
with Datakey
Intercede, a leading developer of electronic
identity management software, today announces a new US$1 million
contract to licence the latest version of its key web-based management
product, edefice™.
Intercede Group plc (IGP LN) (IGP.L), a leading
developer of electronic identity management software, and Datakey
Inc., a leading US based developer of smart card technology for
securing e-business, announce that they have signed a contract
whereby Datakey will licence Intercede’s edefice technology
for incorporation into the Datakey product line.
Under the terms of this agreement, Datakey
will purchase a minimum number of licences on a quarterly basis,
to a minimum revenue value of US$1m over a two year period, subject
to Datakey’s inventory of licences not exceeding an agreed
maximum. The total value of this contract to Intercede during
the financial year ending 31 March 2003 will be at least US$260,000.
Richard Parris, Chief Executive of Intercede,
said today:
“This is Intercede’s third OEM contract
with a smart card industry major, and the second such partner
in the United States. It provides further validation of the strength
of Intercede's technology in the global market, especially given
Datakey’s reputation for delivering smart card solutions
for high security applications. Datakey’s global distribution
channels should significantly enhance the revenue potential of
our business by opening up new and fast growing markets.”
Tim Russell, Vice President and General Manager
of Datakey, added:
“Datakey identified the global market
opportunity to incorporate smart card management technology into
our product lines more than a year ago. Edefice™ provides
Datakey and its customers with a best of breed solution for simplifying
the issuance and management of Datakey cryptographic smart cards.
We look forward to a long and mutually beneficial relationship
with Intercede.”
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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.
24 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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