REG - Intercede Group PLC - Trading Update <Origin Href="QuoteRef">IGP.L</Origin>

IntercedeAnnouncement

16/09/2016 07:00

RNS Number : 9990J
Intercede Group PLC
16 September 2016
16 September 2016
Intercede Group plc
("Intercede" or the "Company")
Trading Update
The Company announces that it has had a slow start to the current financial year and is continuing to experience delays in the receipt of anticipated MyID license orders from both new and existing customers. Consequently, trading for the year to date is below expectations and the prior year.
The Company still has a strong pipeline of MyID license opportunities and is continuing to make good progress in pursuit of its short to medium term strategic objectives. However, the Board recognises that revenues for the full year are now likely to be lower than last year's record sales of 11.0m.
ENQUIRIES
Intercede Group plc
Tel. +44 (0)1455 558111
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director



finnCap
Tel. + 44 (0)20 7220 0500
Stuart Andrews, Corporate Finance

Joanna Scott, Corporate Broking



The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
About Intercede
Intercedeis a software and service company specializing in identity, credential management and secure mobility. Its solutions create a foundation of trust between connected people, devices and apps and combine expertise with innovation to provide world-class cybersecurity. Intercede has been delivering solutions to high profile customers, from the US and UK governments to some of the world's largest corporations, telecommunications providers and information technology firms, for over 20 years. Intercede's product portfolio includes MyID, an identity and credential management system that assigns trusted digital identities to employees citizens and machines. In 2015, Intercede launched MyTAM, enabling trusted applications to be loaded into a mobile device's Trusted Execution Environment (TEE), providing hardware-level security for Android apps.
For more information visit: www.intercede.com

This information is provided by RNS
The company news service from the London Stock Exchange
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