EANS-News: Identive Group Inc. / Identive Group announces closing of Smartag acquisition

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Mergers - Acquisitions - Takeovers

Santa Ana, Calif., Ismaning, Germany and Singapore, November 22, 2010
(euro adhoc) - Identive Group, Inc. (NASDAQ: INVE; Frankfurt Stock
Exchange: INV), a provider of products, services and solutions for
the security, identification and RFID industries, today announced the
closing of its acquisition of Smartag, a Singapore-based manufacturer
of RFID inlays and inlay applications. Smartag complements Identive´s
European-based transponders and components business with similar
capabilities in Singapore, opening up new opportunities and channels
in the Asia/Pacific market while adding needed manufacturing capacity
to the Company.

Identive acquired Smartag and an associated portfolio of RFID and
related patents and other intellectual property from the France-based
group, FCI SA.

"The transaction has proceeded smoothly and rapidly and we are very
pleased that Smartag has now joined Identive Group. Our
post-acquisition team has already begun to implement the integration
plans for this newest acquisition," said Ayman S. Ashour, chairman
and chief executive officer of Identive Group. "With our TagStar
manufacturing capabilities already fully leveraged, the addition of
Smartag brings critical capacity and additional flexibility to the
group. It also provides an important launching point to support
Identive´s increasing activity in the Asia/Pacific region."

Smartag specializes in high performance design and production of high
frequency (HF) and ultra high frequency (UHF) RFID transponders and
inlay-based solutions including labels and tags used for asset
tracking, cards and stickers used for e-payment and ticketing
transactions, and NFC labels used to enable secure payments with
mobile devices. Smartag´s ability to utilize multiple antenna
technologies and designs allows them significant versatility in
customizing solutions for different applications.

About Identive Group Identive Group, Inc. (NASDAQ: INVE; Frankfurt
Stock Exchange: INV) is an international technology company focused
on building the world´s signature group in secure
identification-based technologies. The businesses within Identive
Group have deep industry expertise and are well-known global brands
in their individual markets, providing leading-edge products and
solutions in the areas of physical and logical access control,
identity management and RFID systems to governments, commercial and
industrial enterprises and consumers. Identive´s growth model is
based on a combination of strong technology-driven organic growth
from the businesses within the group and disciplined acquisitive
development. For additional info visit: www.identive-group.com.

end of announcement euro adhoc
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ots Originaltext: Identive Group Inc.
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Herr Fabien B. Nestmann

Tel.: +49 89 9595-5544

E-Mail: investorrelations@identive-group.com

Branche: Computing & Information Technology
ISIN: US45170X1063
WKN: A1C0ZG
Index: Prime All Share, NASDAQ
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
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München / free trade
New York / regulated dealing