Identive Group Inc.

Two New Patent Awards Reinforce Identive's Position in Secure Mobile Applications Market

(DGAP-Media / 24.06.2013 / 13:18)

Two New Patent Awards Reinforce Identive's Position in Secure Mobile
Applications Market

Technology inventions enable secure mobile payments and secure access to
corporate and cloud networks using NFC smartphones

SANTA ANA, Calif. and ISMANING, Germany, June 24, 2013 - Identive Group,
Inc. (NASDAQ: INVE) (Frankfurt: INV), a provider of solutions and services
for the identification, security and RFID industries, has been granted two
new patents that add to the company's robust portfolio of near field
communication (NFC) technology and reinforce its position in the growing
market for secure mobile applications.

'Our R&D strategy is to develop and innovate ahead of market acceleration
so we can participate in and shape new market opportunities as they
emerge,' said Joseph Tassone, vice president Technology and Product
Management for Identive. 'These two new patents are examples of the
significant investments we are making in core NFC, cloud and security
technologies that underlie early but growing trends around the use of
mobile phones for secure applications such as banking, payment and identity
management. We are committed to maintaining a high level of technology
development that supports Identive's goal to become the signature company
in Secure ID. In April, we secured a funding agreement of up to $20 million
over the next three years to support our R&D and new market growth
efforts.'

tag on metal Technology

'Around the world, the mobile phone is becoming the next frontier for
electronic payments and our 'tag on metal' (tom(TM)) technology enables
payment schemes to gain critical mass more quickly by enabling existing
smartphones with NFC capability,' said Tassone.

U.S. Patent 8469281 is the fourth issued on Identive's family of tom
technology inventions, which utilize specialized magnetic shielding to
allow radio frequency identification (RFID) and NFC tags to be used on
metal devices or equipment, which normally interfere with RFID signal
performance. When affixed to the back of a smartphone, the tom-based tags
provide NFC communication capabilities that enable the phone to be used for
secure mobile applications, including payment. Currently banks, mobile
network operators and other companies in Europe, Africa, Asia and the US
are using Identive's tom technology to enable phone-based payment programs.

Mobile Two-factor Authentication Technology

'Our ground-breaking invention for mobile authentication enables NFC
smartphones to provide two-factor authentication (2FA) when accessing
secure corporate and cloud systems. This provides a high level of security