EANS-News: Identive Group Inc. / Identive Reiterates Commitment to Stockholders

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Stock Activity

SANTA ANA, Calif. and ISMANING, Germany, June 7, 2012 (euro adhoc) -
Identive Group, Inc. (NASDAQ: INVE; Frankfurt: INV), a provider of
products and services for the identification, security and RFID
industries, today provided details on a series of recently-disclosed
cost reduction measures to bolster the Company's cash position and
support its long-term growth strategy. These measures are expected to
result in savings of $4 million to $5 million in the remainder of
2012 and include an 11% reduction in the Company's global workforce,
acceleration of the elimination of duplicate expenses at newly
acquired companies, reductions in other general and administrative
expenses, the consolidation of facilities, as well as temporary
reductions of nearly $0.5 million in executive and management
salaries and Board fees. The Company expects to incur charges of $0.7
million to $0.9 million in 2012 in connection with the cost reduction
program.

"We believe our cost reduction program will enable us to preserve
cash and reset our ongoing expense run rate to a more sustainable
level," stated Ayman S. Ashour, chairman and chief executive officer
of Identive. "This will not impact our ongoing investments in new NFC
and cloud-based identity solutions or our ability to address
opportunities in these emerging, potential hyper-growth markets."

David Wear, Identive's executive vice president Finance, stated,
"Fully implementing these cost reductions will take some time;
however we expect to finish our current quarter with adequate cash
resources and without the need to utilize our existing debt facility.
We are working diligently to remove any concerns over our liquidity
and to reinforce the strength of our financial base."

Ashour added, "Particularly in light of the recent pressure on our
stock price, we believe that Identive's shares are significantly
undervalued. We have confidence in our long-term strategy to grow
revenues and profits by investing in emerging opportunities within
the secure identification market and in our ability to demonstrate
performance improvements as these markets begin to ramp. Our
commitment to the Company and to supporting long-term shareholder
value is reflected in the recent voluntary salary reductions of our
executive team and others within the company and by the significant
number of shares purchased by insiders in recent weeks."

About Identive Identive Group, Inc. (NASDAQ: INVE; Frankfurt: INV) is
focused on building the world's signature company in Secure ID. The
company's products, software, systems and services address the
markets for identity management, physical and logical access control,
cashless payment, NFC solutions and a host of RFID-enabled
applications for customers in the government, enterprise, consumer,
education and healthcare sectors. Identive's mission is to build a
lasting business of scale and technology based on a combination of
strong technology-driven organic growth and disciplined acquisitive
expansion. The company delivers up-to-date information on its
activity as well as industry trends through its industry-leading
social media initiatives and educational resource, AskIdentive.com.
For additional information, please visit www.identive-group.com or
follow on Twitter at @IdentiveGroup.

Note Regarding Forward Looking Information: 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. Examples of such statements include,
without limitation, statements we make regarding the expected savings
from our cost reduction program during 2012, the amount of charges we
expect to incur related to this program, our ability to preserve cash
and to reduce our ongoing expense run-rate to more sustainable
levels, our ability to grow revenues and profits by investing in
emerging opportunities within the secure identification market and
our ability to demonstrate performance improvements as these markets
begin to ramp. Readers should not unduly rely on these
forward-looking statements, which are not a guarantee of future
performance and are subject to a number of risks and uncertainties,
many of which are outside our control, which could cause our actual
business and operating results to differ. Factors that could cause
actual results to differ materially from those in the forward-looking
statements include our ability to reduce expenses as much as
anticipated; whether targeted reductions will be sufficient to reduce
our ongoing expenses to a sustainable level; whether the markets in
which we participate or target may grow, converge or standardize at
anticipated rates or at all, including the emerging markets that we
are targeting; our ability to successfully integrate acquired
businesses; our ability to successfully compete in the markets in
which we participate or target; and general global political and
economic factors which are beyond our control but may unduly impact
our markets and our business. For a discussion of further risks and
uncertainties related to our business, please refer to our public
company reports, including our Annual Report on Form 10-K for the
year ended December 31, 2011 and subsequent reports filed with the
U.S. Securities and Exchange Commission. All forward-looking
statements are based on information available to us on the date
hereof, and we assume no obligation to update such statements. ###

Further inquiry note:
Mr. Lennart Streibel
Tel.: +49 89 9595-5195
E-Mail: lstreibel@identive-group.com

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: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
Nasdaq: New York, Open Market / Entry Standard: Frankfurt
language: English