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.
For more information, please visit http://www.identive-group.com.
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Identive Group | Press Release | Increasing Demand for SmartCore™ Establishes Identive in High-growth Contactless Smart Card Market
1. Increasing Demand for SmartCore™ Establishes Identive in
High-growth Contactless Smart Card Market
New design wins and orders signal market acceptance of breakthrough
technology
SANTA ANA, Calif. and ISMANING, Germany, February 20, 2013 – 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.
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2. “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.
Contacts:
Darby Dye, +1 949 553-4251, ddye@identive-group.com
Lennart Streibel, +49 89 9595-5195, lstreibel@identive-group.com
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