Welcome to our dedicated page for Identiv news (Ticker: INVE), a resource for investors and traders seeking the latest updates and insights on Identiv stock.
Identiv (NASDAQ: INVE) delivers innovative security solutions for physical and digital environments through RFID, IoT, and cloud-based trust services. This news hub provides investors and security technology professionals with essential updates on the company's strategic initiatives across government, healthcare, and enterprise sectors.
Access real-time updates on Identiv's product developments, financial performance, and industry partnerships. Our curated news feed covers critical announcements including quarterly earnings, new product launches, and strategic collaborations that shape the security technology landscape.
Stay informed about Identiv solutions protecting access control systems, IoT networks, and digital identity management platforms. The news collection serves as your primary source for understanding how Identiv addresses evolving cybersecurity challenges while expanding its global market presence.
Bookmark this page for streamlined access to Identiv's official communications and expert analyses. Regularly updated content ensures you maintain awareness of developments impacting both physical premises security and digital trust management ecosystems.
Identiv has announced a strategic partnership with Omnilert to integrate Omnilert's Gun Detect technology into its Velocity Vision Ecosystem. This collaboration aims to enhance safety monitoring across various sites, including schools, workplaces, and healthcare facilities, through advanced AI-powered gun detection. The system will monitor video streams for weapons, trigger automated responses such as locking doors, and notify law enforcement. This integrated solution promises comprehensive emergency responses and situational intelligence, ensuring a protective environment for institutions and public venues.
Identiv announced that its stockholders approved the asset sale transaction with security solutions provider Vitaprotech, with over 96% of shares voting in favor at the Annual Meeting on June 28, 2024. The transaction, expected to close in Q3 2024, will secure $145 million for Identiv's growth in its IoT solutions business. This is aimed at accelerating RFID production transition to Thailand and enhancing technology and business development initiatives. The proposal saw a high voter turnout with about 72% of outstanding shares participating. Clearance from the Committee on Foreign Investment in the United States remains the last regulatory hurdle.
Identiv (NASDAQ: INVE) announced that its Thailand production facility has achieved ISO 9001:2015 and ISO 14001:2015 certifications, highlighting its commitment to quality management and environmental sustainability. Achieving these certifications within less than a year of operation, the facility now joins Identiv’s Singapore operation, which also recently renewed its ISO certifications through 2026. This milestone supports Identiv’s strategy to shift the majority of its RFID and BLE production to Thailand, leveraging lower costs and advanced equipment. The full transition is expected to complete by the end of Q1 2025, with future expansion plans already underway.
Identiv, Inc. (NASDAQ: INVE) reported its financial results for Q1 2024, including a $145 million asset purchase agreement, new President, and expanding gross margins. Revenue was $22.5 million with GAAP gross margin at 37.3% and non-GAAP at 39.9%. Strategic review concluded with the sale of physical security assets to Vitaprotech. Identiv expects to close the transaction in Q3 2024, subject to approvals.
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