EANS-News: Identive Group Inc. / Identive prices Common Stock Offering

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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 24, 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 it has priced its underwritten public offering in the United States of
7,843,137 shares of its common stock at a price to the public of $2.55 per
share. The gross proceeds to Identive, before underwriting discounts and
commissions and other offering expenses, from the sale of the shares is expected
to be approximately $20,000,000. Cowen and Company, LLC and Morgan Joseph
TriArtisan LLC are underwriters and joint book-running managers for the public
offering. Identive also granted the underwriters a 30-day option to purchase up
to 1,176,470 additional shares to cover over-allotments, if any. If the
underwriters exercise their over-allotment option in full, gross proceeds from
the offering, before underwriting discounts and commissions and other offering
expenses, will be approximately $23,000,000. The offering is expected to close
on May 27, 2011, subject to customary closing conditions. Identive intends to
use the net proceeds it receives from the offerings fund continued growth,
acquisitions, working capital and general corporate purposes.

Identive shares offered in the underwritten offering will be issued pursuant to
an effective shelf registration statement that was previously filed with the SEC
and was declared effective on May 3, 2011. A preliminary prospectus supplement
related to the underwritten offering was filed with the SEC on May 23, 2011. The
securities may be offered only by means of a prospectus, including a prospectus
supplement, forming part of the registration statement. Copies of the prospectus
supplement and the accompanying prospectus relating to the underwritten public
offering may be obtained, when available, from Cowen and Company, LLC (c/o
Broadridge Financial Services, 1155 Long Island Avenue, Edgewood, NY, 11717,
Attn: Prospectus Department, Phone: 631-274-2806, Fax: 631-254-7140) or Morgan
Joseph TriArtisan LLC, 600 Fifth Avenue, 19th Floor, New York, NY 10020, Attn:
Prospectus Department, Phone: 212-218-3970, Fax: 212-218-3705. An electronic
copy of the prospectus supplement and the accompanying prospectus relating to
the underwritten offering is available on the website of the SEC at www.sec.gov.

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 provide
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. For additional info visit: www.identive-group.com.

Forward-Looking Statements
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 as "anticipates," "believes," "plans," "will,"
"intends," "expects," and similar references to the future. The Company cautions
that these statements are qualified by important factors that could cause actual
results to differ materially from those reflected by such forward-looking
statements. Whether or not the offering described above is completed is
dependent on such factors as market conditions and our ability to fulfill the
required closing conditions. Additional information concerning other risks and
uncertainties related to our business are included 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.

This press release does not constitute an offer to sell or the solicitation of
offers to buy any securities of Identive, and shall not constitute an offer,
solicitation or sale of any security in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction.

The distribution of this announcement and the offering of Identive shares in
certain jurisdictions may be restricted by law. No action has been taken by
Identive or any other person that would permit an offering of such shares or
possession or distribution of this announcement or any other offering or
publicity material relating to such shares in any jurisdiction where action for
that purpose is required. Persons into whose possession this announcement comes
are required by Identive to inform themselves about, and to observe such
restrictions.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN.

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

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