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EANS-News: Identive Group Inc. / Phil Libin appointed to Identive Group Board of Directors

Geschrieben am 11-05-2011

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Personnel

Santa Ana, Calif., and Ismaning, Germany, May 11, 2011 (euro adhoc) -
Identive Group, Inc. (NASDAQ: INVE; Frankfurt: INV), a provider of
products, services and solutions for the security, identification and
RFID industries, today announced that Phil Libin has been appointed
to its Board of Directors, effective immediately. Mr. Libin is chief
executive officer of Evernote, a fast growing consumer Internet
company that enables users to capture, store and locate information,
photos, experiences or ideas on a variety of mobile devices and
platforms.

"I am very pleased to welcome Phil to the Board of Directors of
Identive," said Ayman S. Ashour, chairman and CEO of Identive Group.
"Phil´s diverse experience with mobile platforms, identity management
and the consumer sector gives him an understanding of how these areas
intersect and how emerging technologies are creating entirely new
opportunities and challenges. Demand is growing for consumer
applications that utilize mobile devices for payment, information and
everyday transactions in a secure way. Phil brings substantial
expertise to augment Identive´s focus on secure ID as we expand our
offerings for the consumer market."

Stated Mr. Libin, "In the next few years, the ID industry will need
to undergo dramatic change as a result of the commonplace
availability of RFID technologies in smart phones and other consumer
devices and rapidly changing consumer behavior. I believe Identive is
in position to create many valuable new solutions at all points of
the technology value chain. I look forward to working with the
Identive team as a member of the Board of Directors during this
exciting time."

Mr. Libin is an entrepreneur and executive who has led three Internet
companies from the very beginning to proven commercial success, and
helped several others through rapid growth. Prior to joining Evernote
in May 2007, he founded and served as president of CoreStreet, a
provider of smart credential and identity management technologies to
governments and large corporations throughout the world, where he
remained on the Board of Directors until its acquisition by
ActivIdentity in 2009. Previously, Mr. Libin founded and served as
chief executive officer of Engine 5, a Boston-based Internet software
development company. In 2000, Engine 5 was acquired by Vignette
Corporation, a provider of internet content management software,
where Mr. Libin subsequently served as principal architect and chief
technologist for applications.

About Identive Group Identive Group, Inc. (NASDAQ: INVE; Frankfurt:
INV) is an international technology company focused on building the
world´s signature group in secure identification-based technologies.
The businesses within Identive Group have deep industry expertise and
are well-known global brands in their individual markets, providing
leading-edge products and solutions in the areas of physical and
logical access control, identity management and RFID systems to
governments, commercial and industrial enterprises and consumers.
Identive´s growth model is based on a combination of strong
technology-driven organic growth from the businesses within the group
and disciplined acquisitive development. For additional info visit:
www.identive-group.com.

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 s "anticipates,"
"believes," "plans," "will," "intends," "expects," and similar
references to the future, and such statements include the expected
expansion of the industry in which we do business, increased demand
for new products in our industry, and our ability to meet this
expected demand. These statements are qualified by important factors
that could cause actual results to differ materially from those
reflected by such forward-looking statements. These factors include
our ability to successfully develop, market and sell new products, to
effectively grow our business, and such other risks and uncertainties
related to our business as detailed in our Annual Report on Form 10-K
for the year ended December 31, 2010 and subsequent reports filed
with the U.S. Securities and Exchange Commission.

end of announcement euro adhoc
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ots Originaltext: Identive Group Inc.
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Frau Annika Oelsner
Tel.: +49 89 9595-5220
E-Mail: investorrelations@identive-group.com

Branche: Computing & Information Technology
ISIN: US45170X1063
WKN: A1C0ZG
Index: NASDAQ
Börsen: Frankfurt / free trade/entry standard
New York / Nasdaq
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade


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