SANTA ANA, Calif. and ISMANING, Germany, Nov. 10, 2011 (GLOBE NEWSWIRE) -- 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.
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