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Identive Group | Press Release | Two New Patent Awards Reinforce Identive’s Position in Secure Mobile Applications Market
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Identive Group | Press Release | Two New Patent Awards Reinforce Identive’s Position in Secure Mobile Applications Market

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Identive 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 …

Identive 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.

For more information, please visit http://www.identive-group.com.

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  • 1. /More…Two New Patent Awards Reinforce Identive’s Position in SecureMobile Applications MarketTechnology inventions enable secure mobile payments and secure access tocorporate and cloud networks using NFC smartphonesSANTA 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’srobust portfolio of near field communication (NFC) technology and reinforce its position in thegrowing market for secure mobile applications.“Our R&D strategy is to develop and innovate ahead of market acceleration so we canparticipate in and shape new market opportunities as they emerge,” said Joseph Tassone,vice president Technology and Product Management for Identive.  “These two new patentsare examples of the significant investments we are making in core NFC, cloud and securitytechnologies that underlie early but growing trends around the use of mobile phones forsecure applications such as banking, payment and identity management. We are committedto maintaining a high level of technology development that supports Identive’s goal to becomethe signature company in Secure ID. In April, we secured a funding agreement of up to $20million 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 paymentsand our ‘tag on metal’ (tom™) technology enables payment schemes to gain critical massmore 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) andNFC tags to be used on metal devices or equipment, which normally interfere with RFIDsignal performance. When affixed to the back of a smartphone, the tom-based tags provideNFC communication capabilities that enable the phone to be used for secure mobileapplications, including payment. Currently banks, mobile network operators and other
  • 2. Page 2 of 3companies in Europe, Africa, Asia and the US are using Identive’s tom technology to enablephone-based payment programs.Mobile Two-factor Authentication Technology“Our ground-breaking invention for mobile authentication enables NFC smartphones toprovide two-factor authentication (2FA) when accessing secure corporate and cloudsystems. This provides a high level of security while making it extremely easy for users toverify their identities to online banking networks or corporate web resources. Our technologycombines NFC with URL protocols and OATH industry authentication standards to provide aseamless ‘tap to login’ experience for users. We eliminate the need to read and re-type aone-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 theglobal one-time password 2FA market,” concluded Tassone.Identive’s mobile 2FA technology can be embedded within ID cards, banking cards or tokensthat, when tapped, cause a unique one-time password (OTP) to be generated that is thenpresented directly to the secure website or network to authenticate the user. NFC phonesrequire no special software or app to work with the technology, making it extremely easy andcost effective to deploy and support. Identive’s latest invention for two-factor authenticationon mobile devices has been granted Australian Patent 2010230088 and has pending-patentapplications in the US and other countries.About IdentiveIdentive Group, Inc. (NASDAQ: INVE; Frankfurt: INV) is focused on building the world’ssignature company in Secure ID. The company’s products, software, systems and servicesaddress the markets for identity management, physical and logical access control, cashlesspayment, NFC solutions and a host of RFID-enabled applications for customers in thegovernment, enterprise, consumer, education and healthcare sectors. Identive’s mission is tobuild a lasting business of scale and technology based on a combination of strongtechnology-driven organic growth and disciplined acquisitive expansion. The companydelivers up-to-date information on its activity as well as industry trends through itsindustry-leading social media initiatives and educational resource, AskIdentive.com. Foradditional information, please visit www.identive-group.com or follow on Twitter at@IdentiveGroup.
  • 3. Page 3 of 3Note: Identive, the Identive logo and tom are trademarks of Identive Group, Inc, registered inmany jurisdictions worldwide. All other company, product or service names may betrademarks or registered trademarks of others and are the property of their respectiveowners.###Contacts:Darby Dye, +1 949 553-4251, ddye@identive-group.comAnnika Walther, +49 89 9595-5220, awalther@identive-group.com