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Identiv Continues to Accelerate and Expand Global IoT Footprint with Increased Capacity, New Talent, and Advanced Certifications
FREMONT, Calif., May 11, 2022 /PRNewswire/ -- Identiv, Inc. (NASDAQ: INVE), global digital security and identification leader in the Internet of Things (IoT),
About this update from Identiv, Inc.
[{"type":"text","content":"FREMONT, Calif., May 11, 2022 /PRNewswire/ -- Identiv, Inc. (NASDAQ: INVE), global digital security and identification leader in the Internet of Things (IoT), today announced its Singapore transponder facility is fast approaching 350M+ units for specialty radio frequency identification (RFID) products through 2023. The company secured globally recognized compliance certifications and performance metrics to deliver accelerated growth in innovative IoT and RFID solutions.\n\n \n \n \n \n \n \n\n \nIdentiv has taken a once commoditized RFID tag and enabled innovative, higher-margin applications at scaleRFID and near field communication (NFC) are connective technologies enabling the rapid expansion of the IoT as the need to exchange more data between objects increases. Investment firm Craig-Hallum estimates the IoT market should grow at a ~20% CAGR over several years, approaching a $1T market longer-term. As more products request specialized RFID technology, Identiv is uniquely positioned to accelerate growth.\n\"Identiv has unlocked accelerated growth with a focused strategy. We anticipated this trend and positioned our facilities accordingly, investing in highly integrated manufacturing, specialty R&D, and additional sales capacity to pursue and develop novel use cases. We have taken a once commoditized RFID tag and enabled innovative, higher-margin applications at scale,\" said Amir Khoshniyati, VP and GM Transponders, Identiv.\nIdentiv continues to build a team with best-in-class engineering and operations talent to drive RFID business growth and expansion in its Singapore Center of Excellence in the Serangoon North cluster. The company has invested substantially in the Singapore production site and will continue to further its scale beyond the nine-figure production capabilities with premier manufacturing, converting, and encoding equipment.\n\"The investment in our R&D and manufacturing capabilities means we can bring a highly specialized and complex RFID project from iteration to production-ready device in months. This compares to commodity-focused providers taking years to complete,\" said Dr. Manfred Mueller, COO and GM Identity, Identiv. \"The Singapore facility is on track for 350M+ units through 2023.\"\nIn addition to substantially increased capacity, Identiv has completed important compliance and certification marks to...