Identive Group Inc.: IDENTIVE PROMOTES JASON HART TO CEO
(firmenpresse) - (DGAP-Media / 03.09.2013 / 08:30)
SANTA ANA, Calif. and ISMANING, Germany, September 3, 2013 - Identive
Group, Inc. (NASDAQ: INVE) (Frankfurt: INV), a provider of solutions and
services for the identification, security and RFID industries, announced
that its board of directors has appointed Jason Hart as chief executive
officer and director, effective immediately. Hart replaces Ayman S. Ashour,
who has resigned his executive role but will remain on the board of
directors as non-executive chairman. Hart previously served as executive
vice president of Identive's Identity Management and Cloud Solutions
division.
'There is a major shift occurring in both information and access technology
as companies, governments and individuals embrace powerful, flexible new
approaches such as cloud services and mobile access,' said Hart. 'We intend
to focus Identive's core products and technologies to drive a leadership
position in these expanding markets. In particular, we see a significant
opportunity to provide our customers with a clear pathway to
Identity-as-a-Service and secure authentication on mobile devices using NFC
technology. In the coming months we expect to share more details of plans
to simplify our operations and strengthen our go-to-market capabilities. On
a personal note, I would like to thank Ayman for his vision, leadership and
service in putting together the strong technology foundation to support our
market strategy.'
'Jason is an experienced leader with the skill and acumen to accelerate
Identive's focus towards the cloud and mobility era,' said Ayman S. Ashour,
Chairman of the Identive Board. 'His ability to deliver innovative
technology solutions and profitable growth is key to the company's success
going forward.'
Jason Hart Biography
Hart, 42, is a 25-year veteran of the technology industry with a
substantial track record of innovation and success, including more than 20
years leading security companies. Hart joined Identive in 2011 following
the acquisition of idOnDemand, a company he co-founded that pioneered the
delivery of smart card-based identity solutions via a cloud service. Prior
to idOnDemand, he served as CEO and director of ActivIdentity, a
publicly-traded provider of identity assurance and strong authentication
solutions. Hart joined Actividentity in 2005 through the acquisition of
Protocom Development Systems, Inc., an identity management software
security business that he founded and led as CEO. Additionally, Hart was
the 2002 Ernst and Young, Australian Young Entrepreneur and holds multiple
U.S. and international patents.
About Identive
Identive Group, Inc. (NASDAQ: INVE); (Frankfurt: INV) provides solutions
that address the markets for identity management, physical and logical
access control, NFC solutions and a host of RFID-enabled applications for
customers in the government, enterprise, consumer, education and healthcare
sectors.
Safe Harbor Statement
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 our intention to focus our business
around core products and technologies, our aim todrive leadership in the
cloud services and mobile access markets, and our expectation that Jason
Hart's leadership will enable us to accomplish these goals. These
statements are based on current expectations or beliefs, as well as a
number of assumptions about future events that are subject to risks and
uncertainties that may cause actual results to differ materially from those
contemplated herein. 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, that 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 successfully develop and commercialize new products and solutions that
satisfy the evolving and increasingly complex requirements of customers;
our ability to finance continued investments in technology, products and
manufacturing capacity to develop products and solutions for the market;
whether the markets in which we participate or target may grow, converge or
standardize at anticipated rates or at all, including the markets that we
are targeting; our ability to successfully compete in the markets in which
we participate or target; our ability to meet our sales forecasts; our
ability to meet financial covenants of our loan agreement; our ability to
meet growing demand for our products; 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, 2012 and subsequent reports filed with the U.S. Securities and
Exchange Commission.
Note: Identive and the Identive logo 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:
Identive:
Darby Dye, +1 949 553 4251, ddye(at)identive-group.com
Lennart Streibel, +49 89 9595 5195, lstreibel(at)identive-group.com
LHA:
Kirsten Chapman and Becky Herrick, +1 415 433 3777, identive(at)lhai.com
End of Media Release
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Issuer: Identive Group Inc.
Key word(s): Information technology
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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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