Intercede said it secured a contract to provide a Middle Eastern country with MyID software used to allow citizens to generate a new government digital identity on their smart phone via a government app.
This contract will have an initial new order value of more than £1,000,000 and will also generate recurring annual fees. Approximately 50% of this initial contract value is expected to be received within the next 30 days.
Richard Parris, Chairman & Chief Executive of Intercede, said: 'I am pleased that the recent investment we have made in new mobile identity technology is starting to generate significant orders.'
'We have used the last two years to develop a competitively differentiated mobile identity platform in a market with high barriers to entry. Through our network of partners, Intercede is now in an excellent position to capitalise on this lead in multiple geographic territories.'
At 9:33am: (LON:IGP) Intercede Group PLC share price was +2p at 29p