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Intercede News
30/08/2007
New Licence Agreement Worth £0.5million
Intercede, one of the world's leading developers
and suppliers of smart card and identity management software, is
pleased to announce that it has entered into a new licence agreement
with a major international electronics and systems group.
Under the terms of the agreement, Intercede will
be paid an up front fee of £0.5 million, which is expected
to be received by 30 September 2007. Services performed pursuant
to the licence will be invoiced separately.
Further details of the agreement will be released
in due course.
Richard Parris, Chief Executive of Intercede,
commented:
"This is a significant new licence which underlines the power
and scalability of our MyID product. Organisations all around the
world are interested in the product and its ability to manage a
full range of digital identities."
About Intercede
Intercede Group plc is a leading developer and supplier of smart
card and identity management software listed on the London Stock
Exchange (IGP LN) (IGP.L). The Group's MyID software manages the
secure registration, issuance and lifecycle of digital identities
for a wide range of uses. This requires the integration of multiple
technologies and products from many different vendors, including
smart cards, biometrics, digital certificates, Open Platform applets
and physical access control systems.
Intercede works with a number of market leading
OEM, re-seller and technology partners that supply MyID technology
to the global marketplace including: Athena Smartcard Solutions,
Gemalto, RSA Security, SafeNet, Thales, VeriSign and a variety of
systems integrators and other security product and service providers.
Intercede and MyID are registered trademarks
or trademarks in the UK, US and/or other countries.
For more information on Intercede and MyID
visit http://www.intercede.com
Enquiries:
Intercede
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director
Tel. +44 (0) 1455 558111
Pelham Public Relations
Archie Berens
Tel. +44 (0)20 7743 6679
KBC Peel Hunt (Nominated adviser and broker)
Richard Kauffer/Gordon Suggett
Tel: +44 (0)207 418 8900
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