Intercede announce new OEM contract
Intercede, a leading developer of security
management software for smart cards, today announces an agreement
with a world leader in digital identity technology. This new
OEM Partner is to license Intercede's edefice™ software
to web-enable its new range of authentication infrastructure
products.
Intercede Group plc (AIM: IGP) today announces
that a Nasdaq listed technology company has signed an OEM agreement
to embed elements of Intercede's edefice™ distributed security
management system across its range of smart card and digital
identity software products. The details of this contract are
confidential at the Partner's request, pending the market release
of its next generation products.
This new contract is in addition to Intercede's
existing OEM contract with Oberthur Card Systems, and consolidates
Intercede's position as a leading international supplier of
security management software for smart cards.
Under the terms of
the OEM agreement, the Partner will license edefice™on
a per user basis for each digital ID device (smart card, USB
key or token) that is managed by the Partner's products in a
Microsoft environment. The agreement includes a commitment by
the Partner to buy an initial number of licences to the value
of US$800,000 against a series of development milestones which
are scheduled for completion by March 2002.
The Partner will use edefice™ software
components to web-enable its smart card and token solutions
for enterprises, service providers and governments engaged in
e-business over any IP-based network including the Internet
and wireless. The edefice™ technology will provide the
user interface to allow the Partner's customers to securely
issue and manage the lifecycle of smart cards, authentication
tokens, PKI certificates and other credentials from any web
browser equipped with a smart card reader according to centrally
defined policies.
Richard Parris, Chairman and Chief Executive
of Intercede, commented:
"We are delighted that this industry
leader has chosen edefice to web-enable their new range of authentication
infrastructure products. This contract demonstrates that Intercede
is developing security software to the standards required by
the best 'Silicon Valley' companies. As a major global provider
of digital ID solutions, our Partner has wide access to a number
of significant international channel partners including security
service companies, computer hardware manufacturers, operating
systems developers and systems integrators. Additionally, as
a major supplier to the US Government, our Partner is exceptionally
well positioned to benefit from significant growth in the smart
card network security market. We at Intercede are excited at
the potential to share in this growth"
About Intercede
Intercede Group plc is a leading developer of security 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. Through
its edefice™ software suite, Intercede provides organisations
with the tools they require to efficiently deploy, maintain
and manage smart cards and PKI technology. Intercede's customers
cover a range of industries and include Barclays Bank, Lloyds
TSB, the Government, 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.
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Enquiries:
Intercede Group plc
Richard Parris, Chairman & Chief Executive
Tel. 01455 558111
College Hill
Archie Berens archie.berens@collegehill.com
Clare Warren clare.warren@collegehill.com
Tel. 0207 457 2020
