30 September 2024

INTERCEDE GROUP plc

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

Contract Orders and Renewals

Intercede, the leading cybersecurity software company specialising in digital identities, today announces further contract orders and renewals, of more than, in aggregate, $1.9m in value.

Intercede is pleased to confirm the following orders and renewals:

·    a large MFA renewal for a significant educational establishment in the Middle East with an associated enhanced subscription licence order of 2,000 to take the full deployment to 19,000, all together worth c$0.15m per annum;

·    enhanced professional services order, of more than $0.1m, to assist in ongoing operational support for a prominent Federal Transportation Agency;

·    a support and maintenance renewal from a large US aerospace and defence manufacturer totalling c$0.54m;

·    a major development order from a systems integrator for a new government end client. The order is for c$0.5m and all deliverables are scheduled within H2 FY25 with licence orders to follow in due course; and

·    Department of State (DoS) renewal of support and maintenance for FY26 totalling c$0.4m, and a separate professional services order of c$0.24m.

These orders and renewals, received via our partners, further underpin the Group's revenue for FY25 and contracted revenue backlog for FY26.

ENQUIRIES

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