Contract and Renewals Orders

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

• New top-up licence order for MyID CMS from a large existing US Defence and Aerospace manufacturer;
• New Technology Client for MyID PSM in the Middle East, and although the value is relatively small it increases the Group's footprint in the sector and location;
• New Government Agency for MyID MFA/PSM in the Middle East again increasing the Group's reach in this country;
• Significant upgrade by a large northern European Bank of MyID CMS; and
• Renewal of a sizable Support and Maintenance contract with a major US Federal Agency, with renewal increasing in monetary terms by approximately 45%.

These orders, with an aggregate contract value in excess of $1.4m, underpin the Group's revenue for FY24 and creates contracted revenue backlog for FY25.

Klaas van der Leest, CEO, commented:

"As announced at the start of September, our pipeline continues to strengthen and develop. With increased interest from existing and prospective customers in the US, EMEA and APAC we believe the Group is well positioned and we look forward to providing further information in our H1 results later this month."