SANTA ANA, Calif. and ISMANING, Germany, Oct. 1, 2012 (GLOBE NEWSWIRE) -- 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.
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.
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Source:Identive Group, Inc.