• 11.05.2011, 17:30:47
  • /
  • OTS0348 OTW0348

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

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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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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.

Further inquiry note:
Frau Annika Oelsner
Tel.: +49 89 9595-5220
E-Mail: [email protected]
end of announcement euro adhoc
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company:     Identive Group Inc.
             Carnegie Ave., Bldg. B  1900 
             US-CA 92705  Santa Ana
phone:       +1 949 553 4280
FAX:         +49 89 9595-5555
mail:        [email protected] 
WWW:         http://www.identive-group.com
sector:      Computing & Information Technology
ISIN:        US45170X1063
indexes:     NASDAQ

stockmarkets: free trade/entry standard: Frankfurt, Nasdaq: New York, free trade:
Berlin, Hamburg, Stuttgart, Düsseldorf, München
language: English

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | CNE

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