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Identive Group's RFID And Near Field Communications Products To Be Distributed By Avnet Electronics Marketing Americas

SANTA ANA, Calif. and ISMANING, Germany, May 7, 2013 (GLOBE NEWSWIRE) -- Identive Group, Inc. (Nasdaq:INVE) (Frankfurt:INV), a provider of solutions and services for the identification, security and RFID industries, today announced that it has signed a distribution agreement with Avnet Electronics Marketing Americas, a business region of Avnet, Inc. (NYSE:AVT). The agreement provides Avnet's customers with access to Identive's broad range of RFID and NFC readers and embedded modules, in addition to an extensive array of RFID/NFC passive transponders and tags. Identive's RFID and NFC products enable a wide range of contactless applications including access, payment, ticketing and asset tracking.

"Market research firm Deloitte projects that 300 million NFC-enabled cellphones, tablets and e-readers will be sold in 2013, and Identive is a pioneer in the advancement of complementary infrastructure-based solutions," said Alex Iuorio, senior vice president, supplier development, Avnet Electronics Marketing Americas. "In addition, many of Identive's readers and modules are based on NXP Semiconductors' popular NFC reader and Cortex processor family. Having Identive on our line card enables us to offer customers more integrated module options, along with a vertically integrated transponder offering – all of which is exactly the kind of technological synergy that Avnet can help bring to a customer's development effort."

Adoption of mobile phone-based point-of-sale, ticketing, security and loyalty systems based on Near Field Communications technology is accelerating while contactless technology is proliferating in new applications from closed loop embedded RFID based systems for video gaming platforms, to medical device tracking, to anti-counterfeiting, to field maintenance management and reverse logistics. Avnet and Identive are in a position to provide complete ecosystem solutions adapted to all applicable RFID standards to both industrial and consumer customers.

"Avnet offers a large, experienced sales team focused on Near Field Communications and RFID," said Louis Modell, vice president of sales and general manager of the Americas for Identive's ID Products division. "This agreement allows us to leverage Avnet's sales and technical support resources as an extension of our own and serve a wider customer base. It also provides Avnet Electronics Marketing Americas' customers with easy access to Identive's industry-leading NFC and RFID technology solutions to develop and deploy the contactless applications that most matter to their business."

Stock quotes in this article: INV, INVE 

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