Identive Group Inc.: Two New Patent Awards Reinforce Identive's Position in Secure Mobile Applications Market
(firmenpresse) - (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
while making it extremely easy for users to verify their identities to
online banking networks or corporate web resources. Our technology combines
NFC with URL protocols and OATH industry authentication standards to
provide a seamless 'tap to login' experience for users. We eliminate the
need to read and re-type a one-time password or even type in the online
banking or corporate web address. In addition, there is no need to install
software on the phone, making this technology a perfect fit for the global
one-time password 2FA market,' concluded Tassone.
Identive's mobile 2FA technology can be embedded within ID cards, banking
cards or tokens that, when tapped, cause a unique one-time password (OTP)
to be generated that is then presented directly to the secure website or
network to authenticate the user. NFC phones require no special software or
app to work with the technology, making it extremely easy and cost
effective to deploy and support. Identive's latest invention for two-factor
authentication on mobile devices has been granted Australian Patent
2010230088 and has pending-patent applications in the US and other
countries.
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
(at)IdentiveGroup.
Note: Identive, the Identive logo and tom are trademarks of Identive Group,
Inc, registered in many jurisdictions worldwide. All other company, product
or service names may be trademarks or registered trademarks of others and
are the property of their respective owners.
Contacts:
Darby Dye, +1 949 553-4251, ddye(at)identive-group.com
Annika Walther, +49 89 9595-5220, awalther(at)identive-group.com
End of Media Release
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Issuer: Identive Group Inc.
Key word(s): Industry
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Language: English
Company: Identive Group Inc.
1900B Carnegie Avenue
CA 92705 Santa Ana
United States
Phone: +49 (0)89 9595 5000
Fax: +49 (0)89 9595 5555
E-mail: info(at)identive-group.com
Internet: www.identive-group.com
ISIN: US45170X1063
WKN: A1C0ZG
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart;
Frankfurt in Open Market (Entry Standard)
End of News DGAP-Media
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