Identives Announces $3.3 Million in Transponder Orders for Transit Applications
http://identive-group.com
Follow Identive on Twitter: http://twitter.com/IdentiveGroup
Falcon's Invoice Discounting: Your Path to Prosperity
Identive | Press Release | Identives Announces $3.3 Million in Transponder Orders for Transit Applications
1.
IDENTIVE ANNOUNCES $3.3 MILLION IN TRANSPONDER ORDERS
FOR TRANSIT APPLICATIONS
SANTA ANA, Calif. and ISMANING, Germany, November 10, 2011 – 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.
Contacts:
Darby Dye Annika Oelsner
ddye@identive-group.com aoelsner@identive-group.com
+1 949-553-4251 +49 89 9595-5220