Intercede reports $2.8M follow-on order, Idex Biometrics registers share capital increase
Intercede has reported revenues of £4.8 million (US$ million) in the first six months of its fiscal 2020 year, up 9 percent from £4.4 million in the first half of 2019.
Increased operating profits and cashflows resulting in higher gross cash balances demonstrate the relevance of Intercede’s MyID Platform, company Chairman Chuck Pol said in the announcement.
The company launched its new MyID mobile authentication service during 1H 2020.
The company has also announced a follow-on purchase order of $2.8 million in digital identity software licenses, along with development and professional services, support and maintenance.
The order comes from a contract win as part of a successful bid, along with partner Guidehouse, to build an Identity Management System (IDMS) solution for the U.S. State Department and its customers that is compliant with Homeland Security Presidential Directive 12 (HSPD-12)/U.S. federal government standard FIPS 201. A progress order under the same contract was reported by the company in August.
The contract is included in Intercede’s expectations for the current financial year.
Idex Biometrics announces private placement of 42.5M shares
Idex Biometrics has filed official notice that the capital increase from the private placement of 42.5 million shares, as of November 9, has been registered, paving the way for the delivery of the shares.
The company’s share capital is now NOK 124,592,824.65 ($14.1 million), from 830,618,831 shares at a nominal value of NOK 0.15 each.
Idex filed for a listing on the Nasdaq last week, with an intention to register 60 million ordinary shares, packaged up into bundles of 75 each for ADSs.
BIO-key Chairman and CEO presenting at Imperial Capital Security
BIO-key Chairman and CEO Michael DePasquale will deliver a presentation on the company’s biometrics and access management business momentum at the 17th Annual Imperial Capital Security Investor Conference.
The online event takes place December 2 and 3, 2020, with DePasquale’s presentation at 12:30pm ET on December 2.
The Imperial Capital Security Investor Conference is the security industry’s leading investor conference, according to the announcement.
New director joins ImageWare board
ImageWare has appointed Douglas Morgan to its Board of Directors, according to a regulatory filing.
Morgan, who also serves as a senior consultant to JBA Enterprises, will drawn an annual cash retainer of $30,000 payable in cash or shares, an initial grant of options to purchase $60,000 in common stock, plus expenses and additional stock options.