Identiv Enters Exclusive Strategic Manufacturing and Channel Agreement with Trace-ID

Rhea-AI Summary

Identiv has announced a strategic partnership with Trace-ID to provide specialty and industrial UHF RFID solutions across North America. This exclusive agreement allows Identiv to leverage Trace-ID’s manufacturing capabilities in Europe, enhancing its product portfolio with access to 1 billion units of specialty UHF capacity. The collaboration aims to deliver competitively priced solutions for various applications, reinforcing Identiv's position as a leader in specialty RFID technology. The partnership is expected to drive global demand and expand market reach, highlighting the growing trend towards higher-value UHF designs in diverse sectors.

Positive

• Exclusive agreement with Trace-ID enhances Identiv's RFID product portfolio.
• Access to European manufacturing facility expands production capacity to 1 billion units.
• Partnership aims to deliver competitively priced RFID solutions across North America.

Negative

• None.

New production footprint in Europe expands Identiv’s global reach across continents with a competitively priced specialty UHF product portfolio

FREMONT, Calif.--(BUSINESS WIRE)-- Identiv, Inc. (NASDAQ: INVE), a global leader in digital security and identification in the Internet of Things (IoT), has signed an exclusive strategic agreement with Trace-ID, a Spain-based leading provider of UHF RFID technology and solutions, to become the exclusive provider for Trace-ID’s complete line of specialty and industrial UHF RFID across North America.

This partnership delivers best-in-class specialty and industrial UHF RFID at the most competitive price points and provides Identiv with access to a European manufacturing facility that has line-of-sight to 1 billion units of specialty UHF capacity. “Identiv continues to gain global demand for higher-value designs of UHF solutions for specific applications, including industrial and specialty applications,” said Amir Khoshniyati, VP and GM Transponders at Identiv. “This exclusive manufacturing and partnership agreement allows us to expand our growing product portfolio even further, reaching new markets at a very competitive price point.”

The partnership with Trace-ID expands Identiv’s manufacturing footprint, enabling the company to add to its already extensive product portfolio, further strengthening its position as a global leader in specialty RFID technology. This partnership will enable Identiv to provide industrial UHF RFID solutions for hundreds of use cases across a variety of industry sectors.

“This is an important partnership for both of our companies,” added Joan Miró, CEO of Trace-ID. “The agreement delivers one-stop manufacturing and distribution for all our products globally. Identiv has the commercial expertise to channel specialty UHF products much further into higher-value applications.”

Identiv’s connected ecosystems put the IoT in motion, creating digital identities for every physical object. Our innovative RFID team handles research, design, development, software, and manufacturing. We embed tags, inlays, and labels in billions of everyday objects, including medical devices, pharmaceuticals, luxury brands, specialty retail, athletic apparel, industrial applications, smart packaging, library media, toys, wine and spirits, mobile devices, cold chain items, and perishables.

For more information on Identiv’s complete end-to-end portfolio, call +1 888.809.8880 or contact transponder_sales@identiv.com.

About Identiv

Identiv, Inc. is a global leader in digitally securing the physical world. Identiv’s platform encompasses RFID and NFC, cybersecurity, and the full spectrum of physical access, video, and audio security. Identiv is a publicly traded company, and its common stock is listed on the NASDAQ Stock Market LLC in the U.S. under the symbol “INVE.” For more information, visit identiv.com.

About Trace-ID

Trace-ID is a professional manufacturer of RFID inlay/labels in Europe. We have been producing RFID labeling products since 2009. We are a strong partner and reliable supplier with world-leading companies from all-over industry in Europe and provide high value-driven RFID labeling product and RFID knowledge to our clients. Please visit trace-id.com for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230215005146/en/

Identiv Media Contact:

arose@identiv.com

Source: Identiv

FAQ

What is the recent partnership announced by Identiv (INVE)?

Identiv signed an exclusive agreement with Trace-ID to provide specialty and industrial UHF RFID solutions in North America.

How does the partnership with Trace-ID benefit Identiv (INVE)?

The partnership provides access to a European manufacturing facility with a capacity of 1 billion units, enhancing Identiv's product portfolio and market reach.

What market is Identiv (INVE) expanding into with its new partnership?

Identiv is expanding its presence across North America through the partnership with Trace-ID.

What type of products will Identiv (INVE) offer with Trace-ID's partnership?

Identiv will provide specialty and industrial UHF RFID solutions for various applications across multiple sectors.