30th Aug 2007 07:01
Intercede Group PLC30 August 2007 30 AUGUST 2007 Intercede Group plc ("Intercede" or "Company") New Licence Agreement Worth £0.5million Intercede, one of the world's leading developers and suppliers of smart card andidentity management software, is pleased to announce that it has entered into anew 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 £0.5million, which is expected to be received by 30 September 2007. Servicesperformed 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 ofour MyID product. Organisations all around the world are interested in theproduct 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 andidentity management software listed on the London Stock Exchange (IGP LN)(IGP.L). The Group's MyID software manages the secure registration, issuance andlifecycle of digital identities for a wide range of uses. This requires theintegration of multiple technologies and products from many different vendors,including smart cards, biometrics, digital certificates, Open Platform appletsand physical access control systems. Intercede works with a number of market leading OEM, re-seller and technologypartners that supply MyID technology to the global marketplace including: AthenaSmartcard Solutions, Gemalto, RSA Security, SafeNet, Thales, VeriSign and avariety of systems integrators and other security product and service providers. Intercede and MyID are registered trademarks or trademarks in the UK, US and/orother countries. For more information on Intercede and MyID visit http://www.intercede.com ENQUIRIES: Intercede Group plc Tel. +44 (0)1455 558111Richard Parris, Chairman & Chief ExecutiveAndrew Walker, Finance Director Pelham Public RelationsArchie Berens Tel. +44 (0)20 7743 6679 KBC Peel Hunt (Nominated adviser and broker) Tel: +44 (0)207 418 8900Richard Kauffer / Gordon Suggett This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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