IoT leader invites customers, partners, and investors to connect
at booth 409 at the world’s largest RFID industry show
Identiv, Inc. (NASDAQ: INVE), Internet of Things (IoT)
technology leader and innovator, announced that its IoT team will
showcase their latest RFID-enabled specialty IoT solutions at RFID
Journal LIVE! 2024 in Las Vegas, Nev., on April 9 - 11, 2024. LIVE!
is the world’s largest conference and exhibition focused on RFID
and related technologies.
Identiv continues to drive innovation, deliver excellence, and
shape the future of IoT. Throughout 2023, Identiv solidified its
reputation as a technology and thought leader in the RFID industry
while it transitioned to more complex RF-enabled specialty IoT
devices, which included solutions based on Bluetooth Low Energy
(BLE). Identiv’s commitment to engineering and product excellence
enables the company to bring customers’ designs to market with
greater speed, thanks to capabilities that reduce the turnaround
time between design, pilot, and evaluation phases to achieve
accelerated production.
The launch of Identiv’s production facility in Thailand in 2023
was a major milestone in the company’s overall IoT strategy.
Equipped with advanced capabilities within process engineering and
innovative uses of primary and secondary manufacturing processes,
this strategic decision is intended to ensure Identiv’s production
of IoT devices maintains high quality at much lower costs,
enhancing production efficiency and supporting innovative
production methodologies. Identiv’s IoT device and data management
platform, bitse.io, also reached a new tier of success with the
recent launch of bitse.io 3.0, underscoring the company’s
dedication to innovation and customer satisfaction.
Additionally, Identiv has emerged as a key player for
technically complex applications for the healthcare industry,
addressing critical issues such as medication delivery and reliable
pharmaceutical cold chain management. In Q4 2023, the healthcare
vertical represented nearly 20% of Identiv’s RFID-enabled IoT
business, with margins that met or exceeded 30%.
With this industry-leading design, technology and production
foundation laid, Identiv recently announced additional world-class
executive leadership and anticipated access to capital to
accelerate its leadership in specialty IoT applications. The
Identiv IoT team is excited to invite customers, partners, and
investors to RFID Journal LIVE! to see how their engineering and
product excellence have made Identiv the go-to destination for
advanced RFID use cases. Show attendees can interact with Identiv
product demo pods, bringing to life the company’s solutions and
in-market products across multiple verticals, including healthcare
and pharmaceuticals, warehousing and logistics, specialty retail,
and smart packaging.
“We are privileged to continue innovating best in class
specialty IoT solutions and excited to have the opportunity to
showcase them at this year’s RFID Journal LIVE!,” said Amir
Khoshniyati, EVP/GM of Identiv IoT. “Interactive product
demonstrations at shows like LIVE! really bring our vision of
Everything Connected to life. We’ve brought together an incredible
ecosystem of partners to support the industry’s fastest-growing
applications, and together, we’re developing the foundation for the
future of IoT.”
At this year’s LIVE! show, Identiv and its partner, ambient IoT
pioneer Wiliot, are finalists for the Best New Product Award for
the ID-Pixels Battery Assisted Tag, a compact, multi-sensor IoT
device with integrated RFID and Bluetooth (BLE) technologies that
bridges the gap between digital intelligence and physical objects,
enhancing the capabilities of IoT networks in multiple sectors.
Identiv’s IoT solutions can digitally transform any product into
a connected product. For more information on Identiv IoT’s complete
end-to-end portfolio, contact 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. For more information, visit identiv.com.
Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are those involving future events
and future results that are based on current expectations as well
as the current beliefs and assumptions of management of Identiv and
can be identified by words such as “anticipate,” “believe,”
“continue,” “plan,” “will,” “intend,” “expect,” “outlook,” and
similar references to the future. Any statement that is not a
historical fact, including statements regarding: Identiv’s
strategy, opportunities, focus and goals; expected benefits of the
launch of Identiv’s production facility in Thailand; expectations
with respect to the change in management following the completion
of the proposed transaction, including expected benefits thereof;
Identiv’s beliefs regarding access to future capital; Identiv’s
belief that it has best in class specialty IoT solutions; and
Identiv’s expectations relating to developing the foundation for
the future of IoT. Forward-looking statements are only predictions
and are subject to a number of risks and uncertainties, many of
which are outside Identiv’s control, which could cause actual
results to differ materially and adversely from those expressed in
any forward-looking statements. Factors that could cause actual
results to differ materially from those in the forward-looking
statements include, but are not limited to: the failure of the
proposed transaction to close for any reason; risks that the
proposed transaction disrupts current business, plans and
operations of Identiv or its business prospects; diversion of
management’s attention from Identiv’s ongoing business; the ability
of Identiv to retain and hire key personnel; the effect of the
change in management following the completion of the proposed
transaction; competitive responses to the proposed transaction;
potential adverse reactions or changes to business relationships
resulting from the announcement or completion of the proposed
transaction; Identiv’s ability to continue the momentum in its
business; Identiv’s ability to successfully execute its business
strategy; Identiv’s ability to satisfy customer demand and
expectations; the loss of customers, suppliers or partners; the
success of Identiv’s products and strategic partnerships; industry
trends and seasonality; the impact of macroeconomic conditions and
customer demand, inflation and increases in prices; and the other
factors discussed in its periodic reports, including its Annual
Report on Form 10-K for the year ended December 31, 2023, and
subsequent reports filed with the U.S. Securities and Exchange
Commission (the “SEC”). All forward-looking statements are based on
information available to Identiv on the date of this press release,
and Identiv assumes no obligation to update such statements.
Additional Information and Where to
Find It
On April 2, 2024, Identiv entered into a Stock and Asset
Purchase Agreement with Hawk Acquisition, Inc., whereby Identiv
agreed to sell its physical security business to Buyer (the
“Transaction”). Identiv intends to file with the SEC a proxy
statement on Schedule 14A with respect to its solicitation of
proxies for approval of the Transaction (the “Proxy Statement”).
INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY
STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED
BY IDENTIV AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN
THEY BECOME AVAILABLE CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY
WILL CONTAIN IMPORTANT INFORMATION ABOUT ANY SOLICITATION.
Investors and security holders may obtain copies of these documents
and other documents filed with the SEC by Identiv free of charge
through the website maintained by the SEC at www.sec.gov. Copies of
the documents filed by Identiv are also available free of charge in
the “Investors—Financials” section of Identiv’s website at
identiv.com/investors/financials.
Participants in the
Solicitation
Identiv, its directors, director nominees, certain of its
officers, and other members of management and employees (as set
forth below) are or may be deemed to be “participants” (each a
“Participant” and collectively, the “Participants”) in the
solicitation of proxies from stockholders of Identiv in connection
with the transactions contemplated by the agreement.
Information about Identiv’s executive officers and directors,
including compensation, is set forth in the sections entitled
“Election of Directions,” “Executive Compensation,” including
“Executive Compensation—Compensation Discussion and Analysis,” and
“Corporate Governance—Compensation of Directors” of Identiv’s
definitive proxy statement for its 2023 Annual Meeting of
Stockholders, filed with the SEC on April 28, 2023 (the “2023 Proxy
Statement”), as well as its Current Reports on Form 8-K filed with
the SEC on April 13, 2023 and October 11, 2023.
As of March 31, 2024, each Participant, other than Gary Kremen
and James E. Ousley, set forth below beneficially owned less than
1% of Identiv’s issued and outstanding common stock. Information
about the ownership of common stock by Identiv’s executive officers
and directors is set forth in the section entitled “Security
Ownership of Certain Beneficial Owners and Management” of the 2023
Proxy Statement. To the extent holdings by the directors and
executive officers of Identiv securities reported in the 2023 Proxy
Statement have changed, such changes have been reflected in Form 4s
filed with the SEC as set forth next to such executive officer’s or
director’s name below. Any further changes will be reflected in
Forms 3, 4 or 5 to be filed with the SEC, as well as the section
entitled “Security Ownership of Certain Beneficial Owners and
Management” of Identiv’s definitive Proxy Statement, and other
materials to be filed with the SEC. All these documents are or will
be available free of charge at the SEC’s website at www.sec.gov and
in the “Investors—Financials” section of Identiv’s website at
identiv.com/investors/financials.
Directors*^
Security Ownership
of Directors
Certain Officers and Other
Employees*
Security Ownership of
Executive Officers
Laura Angelini
Form 4 filed on August 2, 2023.
Steven Humphreys (Chief Executive Officer
and Director)
Form 4s filed on May 2, 2023, May 10,
2023, May 11, 2023, May 15, 2023, June 2, 2023, July 5, 2023,
August 2, 2023, September 1, 2023, October 2, 2023, November 2,
2023, December 1, 2023, January 2, 2024, February 1, 2024, March 1,
2024, and April 1, 2024.
Gary Kremen
Form 4 filed on August 2, 2023.
Justin Scarpulla (Chief Financial Officer
and Secretary)
N/A
Richard E. Kuntz, M.D.
Form 4 filed on August 2, 2023.
James E. Ousley
Form 4 filed on August 2, 2023.
* The business address is 2201 Walnut Avenue, Suite 100,
Fremont, California 94538. ^ Excludes Steven Humphreys, Identiv’s
Chief Executive Officer, who is listed under “Certain Officers and
Other Employees.”
In addition, each of Bleichroeder LP and Bleichroeder Holdings
LLC (together, “Bleichroeder”) is or may be deemed to be a
“participant” in the solicitation of proxies from stockholders of
Identiv in connection with the Transaction. Information about the
ownership of securities of Bleichroeder is set forth in the section
entitled “Security Ownership of Certain Beneficial Owners and
Management” of the 2023 Proxy Statement and Amendment No. 1 to the
Schedule 13D filed by Bleichroeder on October 23, 2023. Any further
changes will be reflected in the section entitled “Security
Ownership of Certain Beneficial Owners and Management” of Identiv’s
definitive Proxy Statement, and other materials to be filed with
the SEC.
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version on businesswire.com: https://www.businesswire.com/news/home/20240409697536/en/
Identiv Media Contact: press@identiv.com
Identiv IR Contact: IR@identiv.com
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