EANS-News: Identive Group Inc.
Identive and NXP sign Multi-Year Value Added
Reseller Agreement
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Joint Ventures/Cooperation/Collaboration
Santa Ana, Calif. and Ismaning, Germany, May 23, 2011 (euro adhoc) - Identive Group, Inc. (NASDAQ: INVE; Frankfurt: INV), a provider of products, services and solutions for the security, identification and RFID industries, today announced the signing of a Value Added Reseller (VAR) agreement with NXP Semiconductors (NASDAQ: NXPI), under which the companies will work together to identify and address emerging opportunities in the secure identification market by promoting and selling Identive´s identification products, based on NXP´s RFID semiconductor technology. The agreement is for an initial three-year term and is then renewable on an annual basis.
Under the VAR agreement, NXP and Identive will work closely to identify, jointly assess and mutually address new market opportunities for secure identification applications and technologies. The agreement builds on the existing business relationship between the two companies, which currently includes cooperation on secure identification applications such as contactless readers for government and employee ID programs, near field communications (NFC) stickers for mobile phones and smart posters, and radio frequency identification (RFID) tags for tracking assets such as pharmaceutical products or library books. The expanded cooperation will increase the span and reach of both companies, commercially and technologically, and allow the two companies to address new markets with complete solution offerings such as NFC in mobile consumer products, with dedicated resources at both companies.
Steve Owen, Vice President Global Business Development & Sales, Identification, NXP Semiconductors explained: "Our agreement with Identive strengthens NXP´s Identification Partner network to offer complete and ready-to-use solutions for key target markets. Identive´s strong technology base of software, reader, tag and antenna designs and its knowhow across a wide range of applications, complements NXP´s offerings and strategy. Our goal is not just to secure more sales, but to promote and expand the market for secure identification technologies by providing innovative solutions to our customers. Partnering with Identive helps us to deepen and broaden our ability to address and grow the identification market."
"NXP is an acknowledged technology leader in identification solutions, and we are very pleased to have established this partnership and executed this VAR agreement," stated Joseph Tassone, Executive Vice President of Technology & Product Management for Identive Group. "Our expanded relationship with NXP allows us to gain additional insight into emerging application trends in the identification market. It also provides us access to advanced NXP technology that will enable us to deliver advanced products to our customers. For example, in recent weeks NXP and Identive have recently marketed and sold the new NXP FastPay IC for a European payment solution. Identive has also implemented a testing and diagnostic solution for a pharmaceutical customer based on NXP´s new ICODE SLiXs. Having a central point of contact with NXP for all of our transponder, reader infrastructure and other businesses will also help us to identify and leverage synergies within our own organization."
About Identive Group Identive Group, Inc. (NASDAQ: INVE; Frankfurt: INV) is an international technology company focused on building the world´s signature group in secure identification-based technologies. The businesses within Identive Group have deep industry expertise and are well-known global brands in their individual markets, providing leading-edge products and solutions in the areas of physical and logical access control, identity management and RFID systems to governments, commercial and industrial enterprises and consumers. Identive´s growth model is based on a combination of strong technology-driven organic growth from the businesses within the group and disciplined acquisitive development. For additional info visit: www.identive-group.com.
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company: Identive Group Inc.
Carnegie Ave., Bldg. B 1900
US-CA 92705 Santa Ana
phone: +1 949 553 4280
FAX: +49 89 9595-5555
mail: investorrelations@identive-group.com
WWW: http://www.identive-group.com
sector: Computing & Information Technology
ISIN: US45170X1063
indexes: NASDAQ
stockmarkets: free trade/entry standard: Frankfurt, Nasdaq: New York, free trade:
Berlin, Hamburg, Stuttgart, Düsseldorf, München
language: EnglishContact:
Frau Annika Oelsner
Tel.: +49 89 9595-5220
E-Mail: investorrelations@identive-group.com
Branche: Computing & Information Technology
ISIN: US45170X1063
WKN: A1C0ZG
Index: NASDAQ
Börsen: Frankfurt / free trade/entry standard
New York / Nasdaq
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade