Identiv Awarded Schreiner Group "Supplier of the Year" for Secure IoT Medical Device Authentication and Anti-Counterfeiting RFID Inlays

Rhea-AI Summary

Identiv, Inc. (NASDAQ: INVE) has been awarded "Supplier of the Year" by Schreiner Group GmbH for its innovative RFID devices used in medical applications, including those related to COVID-19. This recognition marks the first time a supplier of RFID technology has received this honor, highlighting Identiv's 95 out of 100 compliance score. The partnership has lasted over 15 years, with millions of RFID devices deployed in Europe. This accolade acknowledges the critical role of authentication products during the pandemic, emphasizing Identiv's commitment to quality and service.

Positive

• Identiv awarded 'Supplier of the Year' by Schreiner Group for its RFID devices in medical equipment.
• Achieved a compliance score of 95 out of 100, rated as an 'A' supplier.
• Long-standing partnership with Schreiner Group, extending over 15 years, enhances market credibility.
• RFID devices play a critical role in healthcare, especially during the COVID-19 pandemic.

Negative

• None.

FREMONT, Calif., March 31, 2021 /PRNewswire/ -- Identiv, Inc. (NASDAQ: INVE), a global leader in digital identification and security, today announced it is awarded "Supplier of the Year" by Schreiner Group GmbH & Co. KG for its innovative device-level authentication, anti-counterfeiting RFID devices in medical equipment and consumables. These RFID inlays also work with hospital medical devices currently used in applications including treating patients suffering from COVID-19 and other respiratory conditions, as well as authenticating consumables for analytical equipment.

This year marks the ninth time Schreiner Group has recognized their best supplier in terms of on-time delivery, quality, pricing, and customer service. It is also the first time a supplier of radio-frequency identification (RFID) devices received the honor. The acknowledgment is attributed to Identiv's high compliance score: the company earned 95 out of 100 points and is rated an "A" supplier, joining well-known prior recipients like 3M and FLEXcon. It is a particularly notable achievement in a year dominated by widespread disruptions in logistics and supply chain paired with an unforecasted high demand for authentication products.

The two companies have worked together for over 15 years and Identiv is currently supplying RFID devices to Schreiner Group through 2023 to provide secure authentication in the Internet of Things (IoT), with several million RFID devices from its technology portfolio already deployed and connected to high-tech labels and one-time-use medical equipment in hospitals throughout Europe. Identiv's RFID Inlays provide contactless device identification, optimize processes during medical procedures (i.e., checking for compatibility between different types of equipment), and protect patients' health and safety from counterfeits.

"Our commitment to exceptional technology and service has been recognized by the Schreiner Group," said Dr. Manfred Mueller, Identiv COO and General Manager Identity. "Authentication and anti-counterfeiting applications have become even more critical over the past year, especially in the healthcare sector where organizations are continuously grappling with protecting their patients and employees during the pandemic."

"At Schreiner Group, we recognize our outstanding partners who help us provide our customers with intelligent solutions that optimize processes and enhance product safety," said Manfred Laschinger, Schreiner Group GmbH Head of Corporate Purchasing. "Continuing to work with Identiv allows us to do just that."

Identiv's comprehensive RFID design portfolio verifies smart identities and security in the IoT. Its high-frequency (HF) and ultra-high frequency (UHF) 13.56 MHz RFID devices are customizable, are available as dry or wet inlays, and come in various shapes and sizes. The RFID devices feature multiple designs integrating various materials, chip technologies, and frequencies for metal and non-metal environments. Identiv produces RFID devices using advanced flip-chip technology and state-of-the-art, high-volume die-bonding processes with integrated inline quality and process control to guarantee superior quality performance.

This IoT portfolio powers RFID and near field communication (NFC) technology for medical devices, wearables, mobile peripherals, smart posters and tags, pharmaceuticals and pharmacies, luxury goods, government-controlled products, logistics and supply chains, customer engagement, libraries, asset management, electronic games, event management, athletic wear, and more.

The official Schreiner Group award ceremony will be held later this year once the pandemic-related restrictions allow for face-to-face meetings.

Identiv's RFID and NFC products are available for purchase at shop.identiv.com. For more information on the complete portfolio, visit identiv.com/products/rfid-nfc-inlays. To discuss custom options and partnership opportunities, call +1 888-809-8880 or contact transponder_sales@identiv.com.

About Identiv
Identiv, Inc. is a global leader in seamless authentication and security solutions. We verify frictionless access and anywhere operations, protect identities from malicious attacks, secure intellectual property, and drive IoT innovation. We digitally secure the physical world. For more information, visit identiv.com.

About Schreiner Group
Schreiner Group GmbH & Co. KG is an internationally active German family-owned business operating in the printing and film-converting industry. The company offers tailored products, solutions, and services for the pharmaceutical and medical device industry, logistics, mechanical engineering, and the electronics and automotive industries. In addition, Schreiner Group's customer base includes banks and government agencies. The product portfolio encompasses innovative specialty labels, including self-adhesive functional components, RFID labels, printed electronics, and security solutions for product, brand, and document protection. Schreiner Group employs more than 1,100 people around the globe, generating annual sales of more than 180 million euros, and is headquartered in Oberschleissheim near Munich (Germany). Schreiner Group's high-tech labels are also produced in Blauvelt (New York, USA) and in Fengpu (Shanghai, China). The company's facilities extend across a total area of 72,000 square meters. For more information, visit schreiner-group.com.

Identiv Media Contact:
media@identiv.com

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SOURCE Identiv

FAQ

What did Identiv achieve on March 31, 2021?

Identiv was awarded 'Supplier of the Year' by Schreiner Group for its RFID devices.

What is the compliance score of Identiv that led to its recent award?

Identiv received a compliance score of 95 out of 100.

How long has Identiv partnered with Schreiner Group?

Identiv has been partnered with Schreiner Group for over 15 years.

What is the significance of the RFID devices supplied by Identiv?

These RFID devices are used for secure medical device authentication and anti-counterfeiting.

What is the stock symbol for Identiv?

The stock symbol for Identiv is INVE.