EANS-News: Identive Group Inc. Increasing Demand for SmartCore Establishes
Identive in High-growth Contactless Smart Card Market
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Subtitle: New design wins and orders signal market acceptance of breakthrough
technology
Marketing
SANTA ANA, Calif. and ISMANING, Germany, February 20, 2013 (euro adhoc) -
Identive Group, Inc. (NASDAQ: INVE; Frankfurt: INV), a provider of solutions and
services for the identification, security and RFID industries, today announced
that it is scheduling shipment of 9.5 million SmartCore card cores to address
over 25 design wins with contactless smart card manufacturers worldwide, new
customer orders and partner demand. The combined shipments are valued at nearly
$2.5 million and include a significant order for 8 million card cores to be
delivered in the second quarter of 2013, which will be used to manufacture
multi-function door key and payment cards for the consumer travel and leisure
industry.
"SmartCore leverages Identive's proprietary antenna and inlay designs, expertise
in smart card technology, and manufacturing techniques invented by our team and
honed over many years," stated Ayman S. Ashour, CEO of Identive. "We launched
SmartCore just over a year ago to address the growing market for contactless
smart card production, which is projected to grow 25% year over year in 2013
alone. The momentum we are now seeing with SmartCore demonstrates widespread
market acceptance of this breakthrough technology."
Identive's SmartCore card cores serve as the heart of contactless smart cards,
which are used for numerous ID applications such as building access, payment,
transportation and event ticketing. SmartCore's patent-pending manufacturing
process yields exceptionally thin, flat card cores in which the radio frequency
identification (RFID) chip and antenna are fully encapsulated in protective
material. Contactless smart cards made using this innovative technology have no
bumps around the implanted chip and an exceptionally smooth surface that
facilitates high-definition image printing and consumer branding. Manufacturers
who wish to produce consumer application-oriented cards that are thinner than
the standard 760µm can achieve results as low as 440µm with SmartCore and less
expensive overlay material can be used when manufacturing standard thickness
cards. For many card makers, SmartCore requires a lower lamination temperature
for manufacture, which results in reduced energy costs and more environmentally
friendly operations.
"SmartCore card cores enable manufacturers to produce higher quality smart
cards, more efficiently and using less energy than alternate technologies. Cards
built on SmartCore cores also achieve high operating performance and durability
in terms of ISO bending cycles and non-delamination for long-term use," said Dr.
Manfred Mueller, executive vice president and COO Identification Products for
Identive. "To ensure an easy path for customers to achieve these benefits,
SmartCore supports all major IC platforms and ID card manufacturers can utilize
existing processes and machinery as they migrate their production from older
card technologies to SmartCore."
About Identive
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, cashless payment, NFC solutions and a host of
RFID-enabled applications for customers in the government, enterprise, consumer,
education and healthcare 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. The
company delivers up-to-date information on its activity as well as industry
trends through its industry-leading social media initiatives and educational
resource, AskIdentive.com. For additional information, please visit
www.identive-group.com or follow on Twitter at @IdentiveGroup.
Note: Identive and the Identive logo are trademarks of Identive Group, Inc,
registered in many jurisdictions worldwide. All other company, product or
service names may be trademarks or registered trademarks of others and are the
property of their respective owners.
Further inquiry note:
Darby Dye, +1 949 553-4251, ddye@identive-group.com
Lennart Streibel, +49 89 9595-5195, lstreibel@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: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
Nasdaq: New York, Open Market / Entry Standard: Frankfurt
language: English