EANS-News: Identive Group Inc. / Identive prices Common Stock Offering

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Financing, Stock Offerings (IPO)

Santa Ana, Calif. and Ismaning, Germany, May 24, 2011 (euro adhoc) -
Identive Group, Inc. (NASDAQ: INVE; Frankfurt: INV), a provider of
products, services and solutions for the security, identification and
RFID industries, today announced that it has priced its underwritten
public offering in the United States of 7,843,137 shares of its
common stock at a price to the public of $2.55 per share. The gross
proceeds to Identive, before underwriting discounts and commissions
and other offering expenses, from the sale of the shares is expected
to be approximately $20,000,000. Cowen and Company, LLC and Morgan
Joseph TriArtisan LLC are underwriters and joint book-running
managers for the public offering. Identive also granted the
underwriters a 30-day option to purchase up to 1,176,470 additional
shares to cover over-allotments, if any. If the underwriters exercise
their over-allotment option in full, gross proceeds from the
offering, before underwriting discounts and commissions and other
offering expenses, will be approximately $23,000,000. The offering is
expected to close on May 27, 2011, subject to customary closing
conditions. Identive intends to use the net proceeds it receives
from the offerings fund continued growth, acquisitions, working
capital and general corporate purposes.

Identive shares offered in the underwritten offering will be issued
pursuant to an effective shelf registration statement that was
previously filed with the SEC and was declared effective on May 3,
2011. A preliminary prospectus supplement related to the underwritten
offering was filed with the SEC on May 23, 2011. The securities may
be offered only by means of a prospectus, including a prospectus
supplement, forming part of the registration statement. Copies of the
prospectus supplement and the accompanying prospectus relating to the
underwritten public offering may be obtained, when available, from
Cowen and Company, LLC (c/o Broadridge Financial Services, 1155 Long
Island Avenue, Edgewood, NY, 11717, Attn: Prospectus Department,
Phone: 631-274-2806, Fax: 631-254-7140) or Morgan Joseph TriArtisan
LLC, 600 Fifth Avenue, 19th Floor, New York, NY 10020, Attn:
Prospectus Department, Phone: 212-218-3970, Fax: 212-218-3705. An
electronic copy of the prospectus supplement and the accompanying
prospectus relating to the underwritten offering is available on the
website of the SEC at www.sec.gov.

About Identive Group Identive Group, Inc. (NASDAQ: INVE; Frankfurt:
INV) is an international technology company focused on building the
world´s signature group in secure identification-based technologies.
The businesses within Identive Group provide 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. For additional info visit:
www.identive-group.com.

Forward-Looking Statements This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Forward-looking statements can be
identified by words such as "anticipates," "believes," "plans,"
"will," "intends," "expects," and similar references to the future.
The Company cautions that these statements are qualified by important
factors that could cause actual results to differ materially from
those reflected by such forward-looking statements. Whether or not
the offering described above is completed is dependent on such
factors as market conditions and our ability to fulfill the required
closing conditions. Additional information concerning other risks
and uncertainties related to our business are included in our Annual
Report on Form 10-K for the year ended December 31, 2010 and
subsequent reports filed with the U.S. Securities and Exchange
Commission.

This press release does not constitute an offer to sell or the
solicitation of offers to buy any securities of Identive, and shall
not constitute an offer, solicitation or sale of any security in any
state or jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.

The distribution of this announcement and the offering of Identive
shares in certain jurisdictions may be restricted by law. No action
has been taken by Identive or any other person that would permit an
offering of such shares or possession or distribution of this
announcement or any other offering or publicity material relating to
such shares in any jurisdiction where action for that purpose is
required. Persons into whose possession this announcement comes are
required by Identive to inform themselves about, and to observe such
restrictions.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN OR INTO AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN.

end of announcement euro adhoc
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company: Identive Group Inc.
Carnegie Ave., Bldg. B 1900
US-CA 92705 Santa Ana
phone: +1 949 553 4280
FAX: +49 89 9595-5555
mail: investorrelations@identive-group.com
WWW: http://www.identive-group.com
sector: Computing & Information Technology
ISIN: US45170X1063
indexes: NASDAQ
stockmarkets: free trade/entry standard: Frankfurt, Nasdaq: New York, free trade:
Berlin, Hamburg, Stuttgart, Düsseldorf, München
language: English

ots Originaltext: Identive Group Inc.
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Frau Annika Oelsner
Tel.: +49 89 9595-5220
E-Mail: investorrelations@identive-group.com

Branche: Computing & Information Technology
ISIN: US45170X1063
WKN: A1C0ZG
Index: NASDAQ
Börsen: Frankfurt / free trade/entry standard
New York / Nasdaq
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade