Subcontract with Lockheed Martin Corporation - initial value $1 million
29/09/2008
Intercede (AIM:IGP), the producer of the Intercede MyID® Identity and Credential Management System, today announces that it has signed a subcontract agreement with Lockheed Martin Corporation. This contract, in support of an existing programme, has an initial value of $1m, of which Intercede will receive immediate advance payments of more than $500,000 for products, support services and software maintenance.
Richard Parris, Chairman and Chief Executive of Intercede, commented:
"This agreement is a logical progression from our previous success in the US market place. We look forward to continuing to work with Lockheed Martin to deliver and support additional new identity management projects around the world."
About Intercede
Intercede is the producer of the MyID™ Identity and Credential Management System (IDCMS). Intercede's MyID is renowned worldwide as the only IDCMS software product that enables organizations to easily and securely manage the identities of people and their associated identity credentials within a single, integrated, workflow driven platform. This includes enabling and managing: secure registration, biometric capture, application vetting and approval through to smart card personalization, issuance and management.
For more information visit http://www.intercede.com
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Enquiries:
Intercede Group plc
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director
Tel. +44 (0)1455 558111
Pelham Public Relations
Archie Berens
Robert Koh
Tel. +44 (0)20 7743 6679
KBC Peel Hunt
Richard Kauffer
Daniel Harris
Tel. + 44 (0)20 7418 8900
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