EANS-News: Identive Group Inc. Identive announces $3.3 million in transponder
orders for transit applications
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Marketing
Santa Ana, Calif. and Ismaning, Germany, November 10, 2011 (euro adhoc) -
Identive Group, Inc. (NASDAQ: INVE, Frankfurt: INV), a provider of products,
services and solutions for the identification, security and RFID industries,
today announced the receipt of two orders totalling $3.3 million for radio
frequency identification (RFID) inlays and tickets for mass transit applications
in the U.S. and Southeast Asian markets.
"Major metropolitan transit systems increasingly are moving to RFID technology
for ticketing, to take advantage of greater security, durability and ease of
operation for passengers," said Michael Kober, Managing Director of Identive´s
Transponder Division. "Identive continues to win significant contracts in this
market and as we expand our production capacity, we are pleased to be able to
serve an expanding customer base."
Identive expects to deliver the U.S. orders representing nearly $2.0 million
over a 14-month period and the Asian order over the next 24 months.
About Identive Group
Identive Group, Inc. (NASDAQ: INVE; Frankfurt: INV) is focused on building the
world´s signature company in Secure ID. The company´s products, software,
systems and services address the markets for identity management, physical and
logical access control, NFC and a host of RFID-enabled applications for
customers in the government, enterprise, consumer, education, healthcare and
transportation sectors. Identive´s mission is to build a lasting business of
scale and technology based on a combination of strong technology-driven organic
growth and disciplined acquisitive expansion. For additional info visit:
www.identive-group.com.
Further inquiry note:
Frau Annika Oelsner
Tel.: +49 89 9595-5220
E-Mail: aoelsner@identive-group.com
end of announcement euro adhoc
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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: Nasdaq: New York, free trade: Berlin, Hamburg, Stuttgart,
Düsseldorf, München, Open Market / Entry Standard: Frankfurt
language: English
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: Nasdaq: New York, ...
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: Nasdaq: New York, ...