New Orders

29 January 2024

INTERCEDE GROUP plc

('Intercede', the 'Company' or the 'Group')

New Orders

Intercede, the leading cybersecurity software company specialising in digital identities, is pleased to announce that the Group has secured the following new orders:

·   New customer in the UK with a large aerospace and defence integrator, servicing a new deployment within HM Government, for MyID CMS with associated options for future product and licence expansion;

·    New technology client for MyID CMS in the Middle East; and

·   Enhanced professional services order to an existing client in the US federal space to assess and assist in a future deployment of MyID CMS.

These orders, with an aggregate contract value in excess of £0.6m, underpin the Group's revenue for FY24 and creates contracted revenue backlog for FY25.

Klaas van der Leest, CEO, commented:

"It is particularly pleasing to announce further traction through our partners in the UK and Middle East, especially the former which has been long in development. The Group has hit the ground running for Q4 and momentum is being maintained in to FY25 and beyond. Our pipeline continues to develop in line with our expectations".

ENQUIRIES

Intercede Group plc                                                                                       Tel. +44 (0)1455 558 111

Klaas van der Leest, CEO

Nitil Patel, CFO

Cavendish Capital Markets Limited                                                         Tel. +44 (0)20 7220 0500

Simon Hicks/Fergus Sullivan, Corporate Finance

Tim Redfern, Corporate Broking

About Intercede

Intercede is a cybersecurity software company specialising in digital identities, and its innovative solutions enable organisations to protect themselves against the number one cause of data breach: compromised user credentials.

The Intercede suite of products allows customers to choose the level of security that best fits their needs, from Secure Registration and ID Verification to Password Security Management, One-Time Passwords, FIDO and PKI. Uniquely, Intercede provides the entire set of authentication options from Passwords to PKI, supporting customers on their journey to passwordless and stronger authentication environments. In addition to developing and supporting Intercede software, the Group offers professional services and custom development capabilities as well as managing the world's largest password breach database.

For over 20 years, global customers in government, aerospace and defence, financial services, healthcare, telecommunications, cloud services and information technology have trusted Intercede solutions and expertise in protecting their mission critical data and systems at the highest level of assurance.

For more information visit: www.intercede.com