EANS-News: Identive Group Inc. Identive Announces Increase in Transponder, NFC
Orders
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
Marketing
SANTA ANA, Calif. and ISMANING, Germany, October 2, 2012 (euro adhoc) - Identive
Group, Inc. (NASDAQ: INVE; Frankfurt: INV), a provider of products and services
for the identification, security and RFID industries, today announced that it
has received new customer orders for more than 20 million radio frequency
identification (RFID) transponder products, including over 15 million near field
communication (NFC) transponders. The orders represent large contracts with
customers in the US, Europe and Asia and are due for delivery over the next six
months.
"We are very pleased with the uptick in volume of our transponder orders, which
represents a 33% increase over our average quarterly production for 2012 to
date. Having these orders already in place for Q4 and Q1 points to a recovery in
demand for our transponder products in general and a strong increase in demand
for innovative NFC applications," said Dr. Manfred Mueller, executive vice
president and COO Identification Products for Identive. Mueller continued, "As
previously announced, we are bringing additional production capacity on line in
our Singapore plant during Q4, which we expect will accommodate this growing
demand."
Identive offers the world's broadest range of NFC transponders, readers and
reader modules including full tagging solutions and web-based personalization
capabilities to address applications for payment, mobility, ticketing, retail
and more. For more information visit www.identivenfc.com.
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.
Further inquiry note:
Mr. Lennart Streibel
Tel.: +49 89 9595-5195
E-Mail: lstreibel@identive-group.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
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