An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Identiv Multiplies RFID Production Capacity at Thailand Facility
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Identiv, a global digital security and identification leader in the Internet of Things (IoT), is expanding production capacity at its RFID production facility in Thailand. The installation of new primary-process equipment, including Direct Die Attach (DDA) equipment, has increased production capacity by up to 30,000 units an hour. Identiv anticipates its annual production capacity in Thailand to expand from 70 million units to over 200 million units by 2023. This expansion complements Identiv's production centers in Singapore and Germany.
Positive
Identiv has tripled its production capacity in Thailand with the installation of new equipment, increasing it by up to 30,000 units an hour.
Annual production capacity in Thailand is expected to expand from 70 million units to over 200 million units by 2023.
Negative
None.
Production and technology equipment expansion triples current Thailand-based IoT solutions capacity
FREMONT, Calif.--(BUSINESS WIRE)--
Identiv, Inc. (Nasdaq: INVE), a global digital security and identification leader in the Internet of Things (IoT), continues to expand production capacity at its radio-frequency identification (RFID) production facility near Bangkok, Thailand with the installation of new primary-process equipment. The most recent addition is Direct Die Attach (DDA) equipment optimized for high-volume production.
With this additional equipment, Identiv’s production capacity has increased by up to 30,000 units an hour. Through the combination of its DDA equipment and a Mühlbauer TAL 15000 system currently in operation at the facility, Identiv anticipates its annual production capacity in Thailand to expand from approximately 70 million units currently to over 200 million units exiting 2023.
This capacity increase in Thailand complements the technology and flexibility at Identiv’s Singapore production and engineering center and the R&D and specialty technology design, development, and prototyping capabilities at its engineering center outside Munich, Germany.
“This technology and capacity expansion in Thailand represents the third pillar of our technology and production strategy,” noted Steven Humphreys, CEO, Identiv. “Combined with our flexible, diverse-technology production in Singapore and our cutting-edge design and research center in Germany, we believe we now offer the industry’s most optimized platform to develop, integrate, optimize, and scale-up technically advanced, specialty RFID-based IoT devices. Establishing and scaling up this facility in less than 8 months reflects the speed of execution and technical depth of our engineering and production teams.”
With a growing list of IoT customers, Identiv expects to produce an increasing proportion of its IoT devices in Thailand, benefiting from lower production and labor rates, shorter supply chains, and an advantageous tax status.
Dr. Manfred Mueller, COO, Identiv, added: “This capacity and technology addition to our Thailand facility significantly expands our current RFID production capacity and increases our cost competitiveness, enabling us to respond fast to growing demand for IoT solutions while simultaneously reducing production costs. We remain on track to reach full scale production at our Thailand facility next year.”
Identiv, Inc. is a global leader in digitally securing the physical world. Identiv’s platform encompasses RFID and NFC, cybersecurity, and the full spectrum of physical access, video, and audio security. Identiv is a publicly traded company, and its common stock is listed on the Nasdaq Stock Market LLC in the U.S. under the symbol “INVE.” For more information, visit identiv.com.
identiv (nasdaq: inve) is a global security technology company that establishes trust in the connected world, including premises, information, and everyday items. identiv’s motto is "trust your world." global organizations in the government, education, retail, transportation, healthcare, and other markets rely upon identiv’s trust solutions to reduce risk, achieve compliance, and protect brand identity. identiv’s trust solutions allow customers to trust their buildings, networks, information, systems, services, and even everyday items — and are implemented using standards-based technology, such as digital certificates, mobility, and cloud services. identiv’s platform for delivering these solutions is identiv trust services (its).
