Intercede Group PLC
20 November 2006
20 November 2006
INTERCEDE GROUP plc
('Intercede' or 'the Company')
Additional US Federal Government Wins
Intercede is delighted to inform the market that Operational Research
Consultants, Inc. (ORC), a wholly owned subsidiary of WidePoint Corporation, and
a RSA Security partner, has signed contracts with both the Federal Trade
Commission (FTC) and the Federal Housing Finance Board (FHFB) to provide
end-to-end managed services in support of their Homeland Security Presidential
Directive 12 (HSPD-12) compliance. ORC's hosted PIVotal ID Card Management
System (CMS), powered by the RSA Card Manager will provide both agencies with
end-to-end PIV card enrolment, issuance and management services. RSA Card
Manager is powered by Intercede's MyID technology under an OEM licence agreement
announced in 2005. Whilst the revenues from these contracts will not be
material in Intercede's current financial year, the Directors believe that they
are further evidence of the growing market traction being achieved by the MyID
technology.
Richard Parris, Chairman & Chief Executive of Intercede, commented:
'Intercede are delighted that both the FTC and the FHFB have selected MyID
powered solutions from RSA Security and its partners. This announcement
demonstrates that MyID has the flexibility and scalability to work not only as a
stand-alone product, but also in a hosted environment, such as ORC, where
multiple technologies and solutions are integrated to deliver an end-to-end
service.'
HSPD-12 is one of the most important and high profile security directives of
recent years. It was issued by President Bush himself in August 2004 and
required, firstly, the creation of an official federal standard (FIPS-201) for
Personal Identity Verification (PIV), which would prescribe technologies and
processes for the effective vetting and access control of all federal employees
and contractors. The second requirement of HSPD-12 was for every US Federal
Agency to have implemented a PIV solution by the end of October 2006, with all
employees and contractors required to have a personal-201 compliant, smart card
based identity card one year later. Each of these cards will be issued and
managed using a management system such as MyID.
All HSPD-12 solutions must by mandate only incorporate products that have been
exhaustively tested against by the US General Services Administration (GSA), and
included in the GSA's Approved Product List for PIV products. Intercede
announced on 4 October 2006 that it had become the first product in its category
to achieve this coveted status.
It is estimated that almost 8 million identity cards will be issued under
HSPD-12. Industry analysts Stanford Group estimate the total value of the
programme to be worth approximately US$1.3 billion.
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 and Open Platform
applets.
Intercede works with a number of market leading OEM, re-seller and technology
partners that supply MyID technology including: Athena Smartcard Solutions,
Gemalto, RSA Security, SafeNet, Thales, VeriSign and a variety of systems
integrators and other security product and service providers. For more
information, visit www.intercede.com
Intercede and MyID are registered trademarks or trademarks in the UK, US and/or
other countries.
ENQUIRIES
Intercede Group plc Tel. +44 (0)1455 558111
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director
Pelham Public Relations
Archie Berens Tel. +44 (0)20 7743 6679
Kate Catchpole
This information is provided by RNS
The company news service from the London Stock Exchange