Intercede : Annual Report 2020

Annual Report & Accounts

Intercede Group plc

2020

OUR MISSION

Intercede power certainty in digital identities for the world's large enterprises and governments through our robust credential management platform, MyID.

It is our mission to safeguard IT systems and connected devices from unauthorised access and harm.

Our ongoing success is built on:

• • Developing innovative, robust cyber security technology that is shaped around the needs of our customers and their end users

• • Adding value to our technology and commercial partners through a proactive, collaborative approach

• • Maintaining an engaging and rewarding workplace for our people

• • Delivering sustained growth for our investors

OUR VISION

It is our vision to safeguard the integrity of connected workforces, supply-chains, citizens and industrial technologies for the world's businesses and governments that will not compromise on cybersecurity.

Content	01	Company Profile
04	Chairman's Statement
06	Chief Executive's Review
12	Strategic Report
18	Board of Directors
20	Directors' Report
22	Corporate Governance
24	Report of the Audit Committee
25	Report of the Remuneration Committee
27	Independent Auditors' Report
31	Consolidated Statement of Comprehensive Income
32	Consolidated Balance Sheet
33	Consolidated Statement of Changes in Equity
34	Consolidated Cash Flow Statement
35	Notes to the Consolidated Financial Statements
51	Company Balance Sheet
52	Company Statement of Changes in Equity
53	Notes to the Company Financial Statements
Company Profile

Intercede®is a cybersecurity company specialising in digital identities, derived credentials and access control, enabling digital trust in a mobile world.

Headquartered in the UK, with offices in the US, we believe ina connected world in which people and technology are free to exchange information securely, and complex insecure passwords become a thing of the past.

We have been delivering trusted solutions to high profile customersfor over 20 years. Our team of experts has deployed millions of identities to governments, most of the largest aerospace anddefence corporations, and major financial services and healthcareorganizations, as well as leading telecommunications, cloud servicesand information technology firms, providing industry-leadingemployee and customer credential management systems.

Intercede has been quoted on the AIM section of the London StockExchange since January 2001.

For more information visit: intercede.com

Certainty in the identity of employees, citizens, suppliers and connected devices accessing systems, networks and data is essential as the cyber threat increases for governments and enterprises.

At Intercede our MyID platform secures the flow of people so they can simply and securely access the information they need, when and where they need it. Smart cardto smartphone, together with our industry leading partners, we deliver a cyber secure identity platform for governments and large enterprises.

Digital Identities

MyID® secures more than 15 million identities worldwide for governments, enterprises, military and police. Enabling citizens, personnel and employees secure, seamless access to business critical data, systems and networks.

Workforce

Citizen

Customer

Supply-chain

Blockchain

IIoT

Technologies

Our software enables organisations to interoperate across multiple software and hardware. Whether you're looking to issue and manage millions of smart cards or smartphones - and the PKI technology in between - MyID is flexible at integrating and workingacross multiple platforms and devices.

Smart cards

Mobile device	Virtual smart	USB tokens	Certificate
management	cards	authorities

Hardware Security	Derived	Image	Fingerprint
Modules	credentials	capture	capture

PRODUCTS

Software and services to issue and manage millions of secure digital identities

Our products evolve digital identity from the vulnerability of passwords and usernames to a multi-factor approach that ensures each and every user is who they say they are.

Wherever data security matters Intercede and MyID software can be found. Governments and large enterprises spanning industry sectors trust MyID to issue securedigital identities that enable their people to securely flow through their lives and jobs.

MyID is a feature-rich credential management system(CMS) that enables organisations to deploy digital

identities to a wide range of secure devices simply,

securely and at scale.

Systems administrators use MyID to configure their certificate and device issuance policies, ensuring theright people receive the right digital identities. Builtto integrate with infrastructure such as certificateauthorities, directories, identity management solutionsand mobile device management systems (MDMs), MyIDminimises any impact on the existing environment reducing deployment times and operational costs.

Available as a commercial off-the-shelf product for employee or citizen ID solutions, MyID is also available as a platform where it is embedded to deliver digital identities as part of a wider security ecosystem.

The scalability, security and proven nature of MyID makes it well placed to capitalise on the growing need for digital identities in the Internet of Things and emerging technologies such as blockchain.

TRUSTED BY GOVERNMENT AND LARGE ENTERPRISES, WORLDWIDE