INTERCEDE GROUP PLC

Earnings Release • Sep 16, 2016

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

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

Intercede is 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

END

TSTSFMFMIFMSEEU