Identiv Multiplies RFID Production Capacity at Thailand Facility
26 October 2023 - 10:00PM
Business Wire
Production and technology equipment expansion triples current
Thailand-based IoT solutions capacity
Identiv, Inc. (Nasdaq: INVE), a global digital security and
identification leader in the Internet of Things (IoT), continues to
expand production capacity at its radio-frequency identification
(RFID) production facility near Bangkok, Thailand with the
installation of new primary-process equipment. The most recent
addition is Direct Die Attach (DDA) equipment optimized for
high-volume production.
With this additional equipment, Identiv’s production capacity
has increased by up to 30,000 units an hour. Through the
combination of its DDA equipment and a Mühlbauer TAL 15000 system
currently in operation at the facility, Identiv anticipates its
annual production capacity in Thailand to expand from approximately
70 million units currently to over 200 million units exiting
2023.
This capacity increase in Thailand complements the technology
and flexibility at Identiv’s Singapore production and engineering
center and the R&D and specialty technology design,
development, and prototyping capabilities at its engineering center
outside Munich, Germany.
“This technology and capacity expansion in Thailand represents
the third pillar of our technology and production strategy,” noted
Steven Humphreys, CEO, Identiv. “Combined with our flexible,
diverse-technology production in Singapore and our cutting-edge
design and research center in Germany, we believe we now offer the
industry’s most optimized platform to develop, integrate, optimize,
and scale-up technically advanced, specialty RFID-based IoT
devices. Establishing and scaling up this facility in less than 8
months reflects the speed of execution and technical depth of our
engineering and production teams.”
With a growing list of IoT customers, Identiv expects to produce
an increasing proportion of its IoT devices in Thailand, benefiting
from lower production and labor rates, shorter supply chains, and
an advantageous tax status.
Dr. Manfred Mueller, COO, Identiv, added: “This capacity and
technology addition to our Thailand facility significantly expands
our current RFID production capacity and increases our cost
competitiveness, enabling us to respond fast to growing demand for
IoT solutions while simultaneously reducing production costs. We
remain on track to reach full scale production at our Thailand
facility next year.”
For more information about Identiv IoT, please contact
IoT@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.
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Identiv Media Contact: press@identiv.com
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