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Identive Receives 2012 Frost & Sullivan Best Practices Award For Its Global Identification And Security Product Strategy

Stocks in this article: INVINVE

SANTA ANA, Calif. and ISMANING, Germany, Oct. 15, 2012 (GLOBE NEWSWIRE) -- Identive Group, Inc. (Nasdaq:INVE) (Frankfurt:INV), a provider of products and services for the identification, security and RFID industries, has received the 2012 Frost & Sullivan Excellence in Best Practices Award for Global Identification and Security Product Line Strategy. The award recognizes the breadth and impact of Identive's differentiated offerings in the highly competitive identification and security market. In particular, Frost & Sullivan cites Identive's proactive strategy to incorporate radio frequency identification (RFID) and near field communication (NFC) technologies ahead of its competition to deliver secure identification (Secure ID) solutions. Frost & Sullivan is a global research organization that monitors more than 300 industries and 250,000 companies.

"Identive is a prominent provider of Secure ID solutions to the global identification and security market, and its broad but focused product line gives it a competitive edge. Consistent customer focus, extension and development of innovative products, and prompt adoption of emerging security and identification technologies such as smart cards, RFID and NFC are customer-friendly strategies that will accelerate Identive's move further up the secure identification value chain," said Nandini Bhattacharya of Frost & Sullivan.

Frost & Sullivan's determines Best Practices Award recipients each year based its research and evaluation of how best-in-class companies worldwide manage growth, innovation and leadership. In selecting Identive as an award recipient, Frost & Sullivan pointed to the results of the Company's technology strategy, which include an extensive range of products for secure identity management of digital devices, systems and data, and ongoing development of new product lines, services, and solutions that offer enhanced value for its customers. Among other examples, Frost & Sullivan cited Identive's success in becoming a global one-stop-shop for NFC infrastructure products with the introduction of various NFC tags, tag customization, readers, tokens, and software development kits. This latest recognition follows the receipt earlier this year of Frost & Sullivan's 2012 European New Product Innovation of the Year Award for NFC Application Development Platforms.

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