Identiv Partners with Tag-N-Trac to Market IoT Solutions for Cold Chain Tracking and Compliance
Rhea-AI Summary
Identiv (NASDAQ: INVE) has announced a strategic partnership with Tag-N-Trac to develop and market IoT solutions for cold chain tracking in the pharmaceutical industry. The collaboration combines Identiv's BLE smart labels with Tag-N-Trac's RELATIVITY™ SaaS platform to provide real-time supply chain visibility and traceability.
The integrated solution enables continuous monitoring of ambient conditions like temperature and humidity for pharmaceutical products, ensuring compliance and integrity across the cold chain. Identiv's smart labels capture environmental data throughout product transit, while Tag-N-Trac's platform converts this into real-time analytics for tracking location, condition, and chain-of-custody status.
The partnership aims to address growing regulatory requirements and patient safety concerns in pharmaceutical cold chain management, particularly for temperature-sensitive products like vaccines and biologics.
Positive
- Strategic partnership expands Identiv's presence in the growing pharmaceutical cold chain market
- Integration of BLE smart labels with RELATIVITY platform creates comprehensive IoT solution
- Addresses increasing regulatory compliance requirements in pharmaceutical industry
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, INVE gained 1.26%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
New condition monitoring IoT solution enhances supply chain visibility for pharmaceutical companies
The partnership combines Identiv's advanced BLE smart labels with Tag-N-Trac's RELATIVITY™ SaaS platform, an integrated IoT solution that delivers item-level visibility and actionable insights from origin to delivery. The RELATIVITY IoT platform brings together connectivity and data collection to deliver real-time visibility and traceability along with monitoring of ambient conditions such as item temperature and humidity, ensuring integrity and compliance for temperature sensitive products across the cold chain. The RELATIVITY platform is an industry-first single platform for "In warehouse" and "In transit" across globe visibility and traceability using purpose built smart labels and tags.
"As regulatory requirements and patient safety concerns grow, real-time data and visibility into the pharmaceutical cold chain have become critical," said Kirsten Newquist, CEO at Identiv. "Our strategic partnership with Tag-N-Trac supports pharmaceutical customers with smart, scalable IoT solutions that meet rigorous regulatory standards while optimizing operational efficiency."
Identiv's smart labels continuously capture raw environmental data throughout a product's journey to delivery. Tag-N-Trac's platform transforms this data into real-time analytics for monitoring location, condition, and chain-of-custody status, making the technology platform well suited for high-value products such as vaccines, biologics, and other temperature-sensitive medications.
"Cold chain visibility is one of the most complex and vital challenges in pharmaceutical distribution and logistics," said Venu Gutlapalli, CEO of Tag-N-Trac. "Together with Identiv, we're delivering a comprehensive digital solution that gives pharmaceutical companies the confidence and data intelligence to manage temperature-sensitive products safely, efficiently, and in full compliance."
This strategic partnership reaffirms both companies' commitment to building a smarter, more connected pharmaceutical supply chain through specialized IoT solutions.
For more information about Identiv's IoT solutions, please reach out to iotsales@identiv.com.
About Identiv
Identiv's RFID- and BLE-enabled IoT solutions create digital identities for physical objects, enhancing global connectivity for businesses, people, and the planet. Its solutions, integrated into over 1.5 billion applications worldwide, drive innovation across healthcare, consumer electronics, luxury goods, smart packaging, and more. For additional information, visit identiv.com.
About Tag-N-Trac
Tag-N-Trac is building a modern, IoT-driven logistics tech stack solution by integrating multiple modes of hardware, software, and data technology that together can solve complex supply change and inventory management challenges. The founding team consists of senior executives with engineering leadership experience in Wi-Fi, Bluetooth, sensors, and positioning technologies. For more information visit https://www.tagntrac.com/.
RELATIVITY™ is a trademark of Tag-N-Trac, Inc., used with permission.
Identiv Media Contact:
press@identiv.com
Tag-N-Trac Media Contact:
contact@tagntrac.com
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SOURCE Identiv