Jason Hart

WaveLynx Technologies, a developer of customisable physical security readers and credentialing, announced a strategic partnership with Safetrust, a developer of IoT-enabled mobile credentials for buildings and information systems. Safetrust’s advanced mobile solution and identity management platform along with WaveLynx’s highly secure, flexible access control hardware solutions are now fully merged into a complete mobile security platform. Safetrust’s mobile credentials will be natively integrated with WaveLynx’s line of access readers, allowing already- established Safetrust credentials to be securely communicated via WaveLynx’s Bluetooth readers. The partnership is designed to offer the market an end-to-end solution that enables a seamless transition from traditional proximity cards to the future of smart credentials. WaveLynx Technologies, a developer of customisable physical security readers and credentialing, announced a strategic partnership with Safetrust Multiple Credential Technologies   WaveLynx readers have the ability to read multiple credential technologies, enabling customers to gradually transition from proximity cards to a more secure credential technology, such as MIFARE DESFire smart cards or Bluetooth mobile credentials. WaveLynx wall mount readers are compatible with virtually every access control system on the market, offering the latest security and convenience through its OSDP Autodetect feature that enables a seamless transition from non-encrypted Wiegand protocol to the OSDP secure-channel protocol. In partnership with Safetrust, the door access readers are 100% compatible with an enterprise-level, cloud-hosted Bluetooth credential- and identity-management application available on iOS and Android devices. Safetrust provides the highest levels of certificate authentication found in a mobile application, adhering to AES and NIST encryption and identity standards. By incorporating the physical attributes of a “badge” into the mobile application, Safetrust credentials enable mobile identity management that allows authorized personnel to identify individuals within range through a visual ID on their mobile device. These credentials bridge the gap between physical and logical access, making it possible for the same mobile device that works with WaveLynx wall mount door readers for facility access to work with USB devices for computer data access, printer access and digital document signing. WaveLynx wall mount readers are compatible with virtually every access control system High-Performance Door Reader “The WaveLynx approach to openness and adherence to industry protocols has made the native integration with Safetrust an easy transition,” says Jason Hart, CEO of Safetrust, located in Fremont, CA.  “This integration enables customers to deploy an upgradeable and manageable high-performance door reader for fast and seamless mobile building access, while producing additional IoT business intelligence.  With over-the-air and over-the-wire upgrade capabilities, the WaveLynx readers can be updated to include new standard mobile, identity and IoT protocols as they evolve. WaveLynx develops hardware and we develop software- it’s a perfect fit.” “Together, Safetrust and WaveLynx are bringing a ‘best of breed’ software and hardware solution for mobile facility access to the market,” says Hugo Wendling, President of WaveLynx Technologies. “In my opinion, Safetrust is lightyears ahead of the competition with regards to Bluetooth identity and credential solutions. We are fortunate to have formed such a great business relationship with Safetrust that complements and supports our WaveLynx products.” 

ICPAM software is tightly integrated with industry-leading Cisco technology, including routers & switches Identiv, Inc., recently announced the launch of the Identiv Connected Physical Access Manager (ICPAM) solution. ICPAM is a distributed intelligent premises access control solution, providing state-of-the-art secure access to facilities using standards-based networking, and is backwards compatible for legacy wiring topologies and devices. Monitoring And Information Exchange ICPAM software is tightly integrated with industry-leading Cisco technology, including routers, switches, Cisco Video Surveillance Manager, and Cisco IP Telephony. ICPAM has a low cost of ownership and provides all the functionality of comparable proprietary systems while offering superior security and deployment options by using standard network topology. ICPAM becomes part of an organization's intelligent information network, allowing monitoring and information exchange between devices as an intelligent platform that grows as an organization requires it. The ICPAM solution includes a Power over Ethernet (POE)-enabled local door controller, state-of-the-art multi-frequency door reader and sensor, and management software. ICPAM is an overall premises monitoring, intrusion, remote VoIP guard, and access solution suitable for organizations of all sizes with single or multiple locations and geographies. The ICPAM solution is available immediately through Cisco Authorized Technology Provider (ATP) Partners. Unified Security Operations “ICPAM finally bridges the gap for our customers to unify and manage both physical and logical access control solutions,” said Ted Alben, Dimension Data Practice Manager, IoT. “Since all of the components are integrated with Cisco’s world class security portfolio, ICPAM provides a win-win model, and all from a single vendor.” “IoE is the future and it’s happening now,” said‎ Stephen Lurie, Zones Vice President IoT Solutions. “IP-connected devices, unified security operations, and sharing — that’s where access management is headed. With ICPAM, we can help fulfill our customers’ evolving needs.” “With ICPAM, we get the security we expect and the Cisco integration we need,” said‎ David Pelkey, Presidio Director, Business Development. “As buildings become more intelligent, ICPAM provides a crossover to industry open standards that leverages network infrastructure with the lowest cost of ownership.” “Premises solutions are evolving from proprietary bespoke systems to becoming part of an interconnected environmental ecosystem. ICPAM is an access management solution that provides a platform that connects and collects information from an array of Internet of Things (IoT) devices and sensors," said Jason Hart, Identiv President. The ICPAM and integrated Cisco solution will be demonstrated at ASIS International 61st Annual Seminar and Exhibits in Anaheim, California, September 28 - 30 at booth 621.

PSA Security Network to distribute Identiv uTrust reader platform and uTrust SmartID credentials Identiv, Inc. recently announced it has entered into a partnership with PSA Security Network to distribute Identiv’s uTrust TS Premises Readers and credentials. PSA Security Network is the world’s largest electronic security cooperative, owned by the most progressive security integrators throughout North America. These leading security systems integrators are responsible for over $2 billion annually in security, fire, and life safety installations. “PSA is thrilled to enter into this partnership with Identiv,” said Bill Bozeman, president and CEO of PSA Security Network. “The Identiv product line is going to be a great asset to our security integrator community and will no doubt bring them an additional competitive advantage.” Identiv uTrust TS Premises Readers Identiv’s uTrust TS Premises Readers can be specifically designed for customers to support any existing building access system (such as Identiv, Lenel, AMAG, Honeywell, or Software House). Featuring high security with an inbuilt secure processor certified to the highest standards (EAL 6+), uTrust TS Readers support all major commercial and government access credentials. Identiv has a broad credentials portfolio, offering different form factors, that is compatible with the majority of building access systems on the market today. “PSA Security Network is an excellent partner that offers more than just product distribution. Their commitment to service combined with Identiv’s compelling product offerings delivers maximum customer value,” said Jason Hart, Identiv CEO. “We are excited to be their newest vendor, and look forward to a long-term distribution partnership offering their members Identiv’s entire advanced uTrust Reader platform and uTrust SmartID Credentials.”

uTrust TS ScramblePad is a significant update to Identiv’s reader for high-security government and commercial entryways Identiv, Inc. recently announced that the uTrust TS ScramblePad Government Reader is now included on the U.S. government’s FICAM Approved Products List (APL). The General Services Administration (GSA) lab, which is part of the Federal Identity, Credential, and Access Management (FICAM) Testing Program, has evaluated and approved Identiv’s uTrust TS ScramblePad, joining the mullion, wall mount, and keypad models on the APL. uTrust TS ScramblePad Reader The uTrust TS ScramblePad is a significant update to the Identiv’s patented scrambling keypad door reader for high-security government and commercial entryways. The update modernizes its predecessor by adding new high-security features, including support for over 1,500 credentials such as PIV, PIV-I, CAC, FICAM E-PACS, PKI, DESFire EV1, MIFARE, and PLAID. Using open communication protocol standards such as Wiegand, RS-485 (OSDP), and Ethernet networking (including PoE), the uTrust TS ScramblePad offers simple migration from the previous ScramblePads to RS-485, or Ethernet-based FICAM E-PACS compliance. Identiv’s uTrust TS Government Readers are specifically designed for U.S. government customers to support any existing building access system (such as Identiv, Lenel, AMAG, Honeywell, or Software House) and provide a forward path to FICAM compliance. Featuring high security with an inbuilt secure processor certified to the highest standards (EAL 6+), uTrust TS readers support all major commercial and government access credentials, including U.S. government PIV, PIV-I, and CAC. The uTrust TS ScramblePad adds a modernized version of the industry-standard scrambling keypad. All form factors and models have been evaluated and approved on the APL. An Icon Of High Security “The Hirsch ScramblePad has been an icon of high security,” said Jason Hart, Identiv CEO. “With more than 50,000 readers deployed in the field, many agencies will be updating readers on legacy systems to select RS-485 or Ethernet for CAK in the future. With its addition to the APL, the uTrust TS ScramblePad is a direct, cost-effective replacement for all existing, non-compliant readers.” Offering a seamless transition to standard-based network cabling, uTrust TS readers support simultaneous Wiegand, RS-485, and Ethernet communication. Four independent processors combine to deliver the fastest building entry transaction times, speeding access and reducing user frustration. One reader can be used at all building access points, delivering secure, future-proof access, while simplifying purchasing and reducing deployment and management costs. The readers are currently under evaluation at numerous agencies and are in high demand by Identiv original equipment manufacturers (OEMs). The uTrust TS Readers are available immediately through Identiv Global Partners and for OEM partners through the uTrust Technology Partnership Program.

Identiv will demonstrate its new technology platform that enables these devices to interoperate with privacy and trust Identiv, Inc. will be at Infosecurity Europe, June 2 - 4, 2015, showcasing its new intelligent building infrastructure. This technology, which was jointly developed by Identiv and Cisco, enables organizations to take advantage of the new connected IoT environment for its people, assets and sensors. “Over the next five years, the use of IoT devices and connected sensors is predicted to grow to 20 billion objects,” said Jason Hart, CEO of Identiv. “At Infosecurity Europe, Identiv will demonstrate its new technology platform that enables these devices to interoperate with privacy and trust.” Identiv Will Be Highlighting New Solutions In: IoT: Preview new products that have emerged from Identiv Labs, a new idea incubator focused on IoT, including physical sensors that connect uTrust Sense devices to the network. Through the use of new Bluetooth and RFID tags, Identiv’s technologies help businesses gain confidence in the IoT. This topic is explored in-depth in a new whitepaper from Identiv and Gartner called, “Identity Is the New Perimeter: Embracing the Identity of Things.” Message Security: CSOs and security professionals attending Infosecurity Europe can preview the beta version of Identiv’s uTrust Message, an industry first platform for strong identity on any mobile device. uTrust Message combines a high-security active sticker and mobile application that provides message and email encryption and privacy for consumers and employees, even for those using their personal mobile devices (BYOD).

Total revenues were $14.9 million, a decrease of 11% from $16.9 million due to a decrease in identity sales Identiv, Inc., recently announced financial results for the first quarter (Q1) of 2015. For the first quarter, total revenues were $14.9 million, GAAP gross profit margin was 41% and adjusted EBITDA was $(1.9) million. Future Plans “During the first quarter, we continued to tune and focus our business operations, which resulted in strong sales in our premises and credential product lines,” said Jason Hart, CEO of Identiv. “However, despite this strength in premises and credentials, we experienced an unexpected decline in the first quarter in our international desktop reader business and generally unfavorable conditions in Europe, as well as the typical first quarter seasonality and an unfavorable foreign currency impact. As a result of these factors, our first quarter revenue was lower than expected. As we look forward, our business and market outlook over the next 12 months is positive. Our visibility into this sales forecast is supported by new projects with brand names in toys, wearables, smart batteries, perishable products, and apparel. These new projects further demonstrate demand for our secure IoT technology and solutions - a demand which did not exist 12 months ago. Our announcement of a major global partnership with a leading technology company has further enhanced our confidence in our ability to access previously unavailable markets and customers, and we have been impressed by the activity levels in these sales channels. The demand for IoT security and privacy continues to grow and we remain focused on driving results from our selling organization and working closely with our strategic partners to deliver improved financial and operating results.” First Quarter Financial Highlights Review The demand for IoT security and privacy continues to grow and we remain focused on driving results from our selling organization, says Jason Hart, CEO, Identiv In reviewing the results for the first quarter of fiscal year 2015, all figures are compared to the first quarter of fiscal year 2014, unless stated otherwise: Total revenues were $14.9 million, a decrease of 11% from $16.9 million, primarily due to a decrease in identity reader sales in Europe, the Middle East and Africa (EMEA) and Asia-Pacific as well as lower digital media reader sales. This was partially offset by an increase in premises sales. GAAP gross profit margin was 41%, compared to 39%, primarily due to an increase in credentials margin, partially offset by a decrease in identity reader and premises margin. Base operating expenses, which include research and development, sales and marketing, and general and administrative costs were $10.1 million, compared to $9.6 million, up 5%. This is primarily the result of an increase in research and development (R&D) related expenditures. Adjusted EBITDA for the quarter was $(1.9) million, compared to $(2.0) million. GAAP net loss from continuing operations was $(5.8) million in the first quarter of 2015, or $(0.54) per share, compared with GAAP net loss from continuing operations of $(5.6) million, or $(0.74) per share. First quarter 2015 results included restructuring costs of $0.2 million, compared to restructuring costs of $0.4 million. The company was awarded four additional U.S. patents in Q1. Cash was $33.1 million at March 31, 2015, compared with $36.5 million at December 31, 2014. Guidance Identiv now expects revenues for fiscal year 2015 between $90 million and $95 million, a decrease from the previous revenue guidance range of between $95 million and $105 million. The company is reaffirming its guidance for positive adjusted EBITDA on an annual basis.

The company will also preview uTrust Message, a new mobile message security and privacy solution at the conference Identiv Inc. is attending RSA Conference for the first time to showcase its Internet of Things (IoT) security solutions and to preview uTrust Message, a new mobile message security and privacy solution using the Identiv Trust Service. "Everything is connecting and there is an urgent requirement to ensure this can be done safely and privately. We have chosen the preeminent security expo to showcase some of our latest inventions for the Internet of Secure Things developed in Identiv labs,” said Jason Hart, CEO of Identiv. During RSA, Identiv Is Highlighting New Solutions In: IoT: Identiv is showcasing products that have emerged from its Identiv Labs, a new idea incubator focused on IoT, such as new physical sensors that connect uTrust Sense devices to the network. Through the use of new bluetooth and RFID tags, Identiv’s technologies help businesses gain confidence in IoT. Message Security: CSOs and security professionals attending RSA can preview the beta version of Identiv’s uTrust Message, the industry’s first platform for strong identity on any mobile device, combining a high security active sticker and mobile application that provides message and email encryption, and privacy for employees and consumers, even for those using personal mobile devices (BYOD). For more information, please visit Identiv’s RSA booth #827 or visit identivlabs.com.

Identiv will deliver a next-generation, networked physical access control system (PACS) solution Identiv, Inc. recently announced that it has entered into an agreement with Cisco Systems Inc., to provide solutions for the Internet of Everything (IoE). The IoE is the intelligent connection of people, processes, data and things to the Internet, bringing unprecedented economic opportunities to both the private and public sectors. Initially, Identiv will deliver a next-generation, networked physical access control system (PACS) solution that interacts with other IoE elements, such as Cisco virtual supervisor module (VSM) cameras and Cisco voice-over-IP (VoIP) telephony products.  Network-Based Access Control System Identiv will offer a completely network based access control system, including credentials, advanced networked uTrust TS door sensors, Power-over-Ethernet (PoE) door controllers and access control software. Identiv is committed to disrupting the traditional physical access market by offering a fully network-based solution that is easy to buy and use. Customers will gain enhanced value, lower installation costs and less complexity by using standards-based network cabling, leading to reduced total cost of ownership (TCO) and improved return on investment (ROI). “Everything is connecting, and physical access is no different,” said Jason Hart, Identiv CEO. “Identiv is allowing customers to view physical access control as another element of the Internet of Everything. Our focus on identity as the new security perimeter allows us to build connected systems linking buildings, mobile devices, cloud services, and information systems that are easy to use, standards based, cost effective, and most importantly, secure.”

Identiv upgrades Hirsch ScramblePad with the uTrust TS ScramblePad Identiv, Inc. recently released the uTrust TS ScramblePad, a significant update to the company’s patented scrambling keypad door reader for high-security government and commercial entryways. TS ScramblePad Features The TS ScramblePad modernizes its predecessor, the Hirsch ScramblePad, by adding new high-security features including support for over 1,500 credentials such as PIV, PIV-I, TWIC, CAC, FICAM E-PACS, PKI, Desfire EV1, MIFARE, PLAID, and OPACITY. Using open communication protocol standards such as Wiegand, RS-485 (OSDP), and Ethernet networking (including PoE), the TS ScramblePad offers simple migration from the previous Hirsch ScramblePads to RS-485, or Ethernet-based FICAM E-PACS compliance. With remote management, TS ScramblePad firmware can be securely updated from a central location without the need to remove the reader from the wall. The TS ScramblePad is backward compatible with the Hirsch ScramblePad, both electrically and with the use of traditional Digitrac and Mx Physical Access Controllers. The TS ScramblePad has been designed to be interoperable with all major brands of access control systems from vendors such as Lenel, Honeywell, Bosch, and Brivo. “The Hirsch ScramblePad has served its customers for over 30 years,” said Jason Hart, Identiv CEO. “With more than 50,000 readers deployed in the field, it has been a proven workhorse of the security industry. The TS ScramblePad is the next generation reader, which is built on that solid foundation but adds the latest in security and open standards to provide a solid platform for the next 30 years.” Live Demonstrations At ISC West 2015 Live demonstrations of Identiv’s uTrust TS ScramblePad and TS Government Readers will be available at Identiv booth L7 during ISC West 2015 at the Sands Expo in Las Vegas from April 15 - 17, 2015. uTrust TS Readers and TS ScramblePads are available for immediate delivery through the ICAN Global Partner Program and to original equipment manufacturer (OEM) partners through the uTrust Technology Partnership Program.

For the fourth quarter total revenues for continuing operations were $19.4 million Identiv, Inc. recently announced financial results for the fourth quarter (Q4) and fiscal year ended December 31, 2014. For the fourth quarter, total revenues for continuing operations were $19.4 million, GAAP gross profit margin was 41.5%, adjusted EBITDA was $0.16 million, and GAAP net loss was $(6.2) million. For the fiscal year, total revenues for continuing operations were $81.2 million, GAAP gross profit margin was 41.2%, adjusted EBITDA was $(1.3) million, and GAAP net loss was $(17.8) million. “In 2014, we successfully completed two substantial tasks — creating a fiscally stable business delivering quality security products to our customers; and aligning Identiv to take the leadership position in providing privacy and security as the Internet of Things continues to expand exponentially,” said Jason Hart, Identiv CEO. “During the fourth quarter and throughout the year, we invested extensively in new products, increased our penetration into new markets with new distribution, OEM, and integrator partnerships, and expanded our direct sales organization. This investment in 2014, along with our realignment of the business, has enabled us to focus on growth in 2015 and the years to come. We are at an incredible intersection of unprecedented connectivity and the new demand for privacy and security at all levels of our society, creating a marketplace for our solutions and enabling us to create value for shareholders.” Fourth Quarter Financial Highlights Review In reviewing the results for the fourth quarter of fiscal year 2014, all figures are compared to the fourth quarter of fiscal year 2013, unless stated otherwise: Total revenues were $19.4 million, a decrease of 1% from $19.5 million, primarily due to a decrease in Identity reader sales, partially offset by an increase in premises sales to the U.S. government customers. GAAP gross profit margin was 42%, compared to 44%, primarily due to a decrease in credentials margin. Base operating expenses, which include research and development, sales and marketing, and general and administrative costs were $9.8 million, compared to $9.2 million, up 7%. This is primarily a result of increased expenditures in research and development, partially offset by a $0.4 million non-recurring R&D tax credit in the fourth quarter of 2013. "In 2014, we successfully completed two substantial tasks — creating a fiscally stable business delivering quality security products to our customers; and aligning Identiv to take the leadership position in providing privacy" Adjusted EBITDA for the quarter was $0.16 million, compared to $0.37 million. Adjusted EBITDA in the prior year quarter benefited from the non-recurring R&D tax credit. GAAP net loss from continuing operations was $(6.2) million in the fourth quarter of 2014, or $(0.58) per share, compared with GAAP net loss of $(3.0) million, or $(0.88) per share. Fourth quarter 2014 results included restructuring costs of $0.2 million and earn-out consideration charge of $3.5 million, while there were restructuring costs of $0.5 million and impairment charges to goodwill and long lived assets of $4.6 million in the fourth quarter of 2013. Fiscal Year 2014 Financial Highlights In reviewing the results for fiscal year 2014, all figures are compared to fiscal year 2013 unless stated otherwise: Total revenue was $81.2 million in 2014, up 9% from $74.3 million. The results include a significant contribution from sales of credentials products, primarily due to demand for electronic game toys. This was offset by lower sales of identity readers. GAAP gross profit margin was 41%, compared to 45%, primarily due to product mix and lower margins experienced in the Credential segment. Base operating expenses, which include research and development, sales and marketing, and general and administrative costs, were $40.3 million, compared to $39.3 million, up 2%. The company increased its investment in sales and marketing by 9% and in research and development by 10%, partially offset by a reduction in general and administrative expenses of 10%. Adjusted EBITDA in 2014 was $(1.3) million, compared with $(1.3) million. GAAP net loss from continuing operations was $(18.4) million in 2014 or $(2.12) per share, compared with GAAP net loss from continuing operations of $(25.0) million or $(3.62) per share. Fiscal year 2014 results included restructuring costs of $3.1 million and earn-out consideration charge of $3.5 million, while there were restructuring costs of $1.8 million and impairment charges to goodwill and long lived assets of $15.6 million in the fourth quarter of 2013. Cash was $36.5 million at December 31, 2014, compared with $5.1 million at December 31, 2013, reflecting proceeds from a refinancing of debt in March 2014 (and amended in November 2014) and an underwritten offering of common stock in September 2014.

Identiv's uTrust TS Reader technology is being integrated into 3M's MiY multi-factor authentication biometric devices Identiv, Inc. recently announced that it has entered a bilateral partnership with 3M, an innovative technology company that serves consumer, electronics and energy, healthcare, industrial, and safety and graphics markets. Initially, Identiv's uTrust TS Reader technology is being integrated into 3M's MiY multi-factor authentication biometric devices. Both Identiv and 3M will sell the completed solution. This partnership provides Identiv and 3M’s customers with high-security assurance and forward compatibility to meet multiple compliance mandates. Identiv’s uTrust TS Reader is specifically designed to support any existing building access system (such as Identiv, Lenel, AMAG, Honeywell, Bosch, Casi, or Software House) and provide a forward path to newer standards, such as U.S. government Federal Identity, Credential, and Access Management (FICAM) compliance and network cabling. “Integrating Identiv’s new reader line with MiY will allow 3M to expand our credential support within our MiY product line,” said Chris Crump, 3M Global Portfolio Manager. “This partnership provides our customers and Identiv’s with the best solution for high assurance physical access.” The uTrust TS Reader platform supports all major commercial and government access credentials, including U.S. government PIV, PIV-I, and CAC. High-assurance credentials are quickly and easily available from Identiv’s idOnDemand service — delivering a standards-based, single trusted identity solution via a cloud-based service. “We’re excited to partner with 3M and broaden the use of our industry-leading uTrust TS Reader platform,” said Jason Hart, Identiv CEO. “Customers can be confident that they are buying a reader compatible with existing access technologies that also paves a clear path to future high-assurance standards, including U.S. government FICAM mandates and a networked infrastructure.” Identiv’s uTrust Technology Partnership Program provides original equipment manufacturers (OEMs) access to Identiv’s uTrust solution portfolio to integrate into their own solutions. The program focuses on expanding the use of uTrust technologies beyond traditional Identiv channels and applications. The goal is to provide partnership members with the products to manage identities within their respective technology platforms.

Identiv, Inc. recently launched uTrust Sense, a range of compact, lightweight, cost-effective, physically flexible, secure, waterproof, Internet-enabled sensors. The first product is Identiv’s uTrust Sense Temperature Tracker, a credit card-sized, powered smart sensor that tracks and stores temperature readings that can be read by mobile devices or uploaded to the Internet for analysis. Industry Benefits: A smart sensor for the Internet of Things (IoT) market, Identiv’s uTrust Sense Temperature Tracker empowers businesses in a broad range of market segments by providing manufacturers and consumers cost-effective temperature monitoring for virtually anything. Identiv has already shipped over 10,000 sensors to a customer using the product to validate that perishable items are kept within specified temperature limits from their production facility to end customers. This 360-degree interaction has allowed unprecedented quality monitoring of temperature-sensitive products through the supply chain to an end user, and in turn, has enabled the consumer to verify the authenticity of the product and that the product was delivered in accordance with the manufacturer’s temperature requirements. Created within Identiv Labs, an in-design platform for customers and Identiv experts to engage, the uTrust Sense Temperature Tracker contains a precise temperature sensor, digital storage, a paper-thin flexible battery, and NFC communication. The sensor can communicate with a variety of local devices, using a consumer’s mobile device or industrial equipment. The current temperature status and complete logged history can be reviewed locally or uploaded to the cloud. The waterproof sensor looks like a sticker and is easily attached with an adhesive backing. It is available in multiple sizes to suit the product packaging. "In our increasingly connected world, smart sensors are a foundational element of the Internet of Things," said Jason Hart, Identiv CEO. "Identiv’s new uTrust Sense Temperature Tracker is a breakthrough product that gives manufacturers, shippers, and retailers a way to validate the integrity of any product throughout the supply chain, ultimately delivering customer confidence. No other company has Identiv’s combination of high-volume, cost-effective manufacturing, secure identity management, and cloud services. The uTrust Sense Temperature Tracker leverages all of our unique capabilities to deliver a product to rapidly expand the IoT market.”

Identiv, Inc., a global security technology company that provides trusted identity solutions for premises, information, and everyday items, recently announced that Identiv’s uTrust TS Government Readers for premises access are now included on the U.S. government’s FICAM Approved Products List (APL). The General Services Administration (GSA) lab, which is part of the Federal Identity, Credential, and Access Management (FICAM) Testing Program, has evaluated and approved Identiv’s uTrust TS Government Readers. Identiv’s uTrust TS Government Reader is specifically designed for U.S. government customers to support any existing building access system (such as Identiv, Lenel, AMAG, Honeywell, or Software House) and provide a forward path to FICAM compliance. Featuring high security with an inbuilt secure processor certified to the highest standards (EAL 6+), uTrust TS Readers support all major commercial and government access credentials, including U.S. government PIV, PIV-I, and CAC. Multiple form factors are available, including mullion and wall mount, with an upcoming keypad model. Offering a seamless transition to standards-based network cabling, uTrust TS Readers support simultaneous Wiegand, RS485, and Ethernet communication. Four independent processors combine to deliver the fastest building entry transaction times, speeding access and reducing user frustration. One reader can be used at all building access points, delivering secure, future-proof access, while simplifying purchasing and reducing deployment and management costs. “The uTrust TS Government Reader delivers a single cost-effective reader that supports all existing access systems and all major credential types, providing a clear path to a standards-based FICAM solution and migration to network cabling,” said Jason Hart, Identiv CEO. “Identiv Channel Alliance Network partners are able to deliver a product from an American company to 100% of the U.S. government marketplace, giving customers a cost-effective solution for over 150,000 access points across all U.S. government buildings, recently mandated to adopt FICAM standards. uTrust TS Government Readers are available now and have already shipped to U.S. government customers.” Identiv’s uTrust TS family of connected premises readers utilizes open, secure standards and a flexible, updatable platform design to support a broad range of access card technologies from proximity to public key infrastructure (PKI) at the door. Identiv’s uTrust TS Readers enable agencies to support existing access systems and migrate to a secure U.S. government FICAM solution at a fraction of the cost of other competitive solutions. uTrust TS Readers are available immediately through the Identiv Channel Alliance Network (ICAN) Global Partner Program and to original equipment manufacturer (OEM) partners through the uTrust Technology Partnership Program. Identiv’s approved products on the FICAM PACS APL can be downloaded here. For more information on the FICAM Testing Program, please click here.

CCV used Identiv Labs to design, develop, and produce a family of network-connected frontend contactless readers Identiv, Inc., a global security technology company that provides trusted identity solutions for premises, information, and everyday items, recently announced that CCV Deutschland, a German provider of electronic payment products and electronic payment processing, has partnered with Identiv Labs to develop a complete solution for unattended contactless payments. The global payment market is undergoing historic change with the implementation of secure contactless micropayments in new forms of credentials from contactless credit cards to mobile devices, enabled with technologies such as Apple Pay, Google Wallet, and Softcard. CCV used Identiv Labs to design, develop, and produce a family of network-connected frontend contactless readers. The resulting CCV solution provides quick and convenient payments at vending machines and other highly frequented point of sales (POS), such as fast-food restaurants, kiosks, coffee vendors, and parking and public transit tickets in extremely busy areas, like airports and subway stations. The new solution significantly boosts efficiency at the POS with quick and simple payments, without the need for paper money, coins, or additional authorization, like a signature or pin. Additionally, the new solution accepts next-generation NFC payment through smartphones. CCV’s contactless payment solution is currently live with numerous customers, including restaurants, toll booths, public transit ticket machines, and vending machines. “By working with Identiv Labs, CCV has access to experts in multiple fields, such as contactless readers and RFID, enabling us to create a customized solution and quickly go to market,” said Christine Bauer, director of sales and marketing at CCV Deutschland. “Now, customers using this new solution will have access to state-of-the-art payment methods, like NFC smartphones, leading to higher revenue, quicker transactions, and less queuing.” For organizations looking for a one-stop solution service, Identiv Labs provides the facility, talent, and materials required to rapidly bring new products to market. Identiv supplied CCV with the required contactless reader modules, certified to EMV level 1, for its level 2-certified micropayment solution. The modules are compatible with Identiv’s uTrust TS Readers, enabling customers in commercial, government, and consumer markets to leverage a range of existing credentials for closed loop payments. “Through Identiv Labs, CCV was able to engage Identiv’s extensive experience in NFC contactless technology, security, privacy, and connected devices in the Internet of Things (IoT) to bring to market a fully EMV-certified solution,” said Jason Hart, Identiv CEO. “The collaboration leveraged the best-of-breed skills of each organization to launch a contactless micropayment solution. This solution addresses markets from unattended kiosks to retailers, implementing a rapid, cost-effective modern payment infrastructure.”

Identiv’s leadership in the market provides customers and partners with identity solutions that strengthen authentication Identiv, a global security technology company that provides trusted identity solutions for premises, information, and everyday items, recently announced that it has joined the FIDO (Fast IDentity Online) Alliance joining industry leaders committed to making authentication faster, easier, and stronger. The FIDO Alliance has more than 150 members, including technology suppliers and large consumer-facing organizations that need to improve their customer experience and reach levels of security not possible with usernames and passwords. Identiv’s leadership in the market provides customers and partners with identity solutions that simplify and strengthen authentication. “Identiv believes in open platform-agnostic secure credentials. Joining the FIDO Alliance is complementary to this vision of strong, interoperable credentials,” said Jason Hart, Identiv CEO. “Identity is the foundation of our trust solutions and the future of online authentication. We have entered the Post-Password Era and it’s imperative that we strive to ensure worldwide adoption of stronger user credentials.” Large corporations are anxious to implement solutions that simplify the user experience. Using and managing passwords is a significant burden and the need for more secure solutions has been demonstrated time and again. The FIDO Alliance will provide technology standards that Identiv can leverage to deliver products and services in this market.

Identiv reaffirms revenue guidance for fiscal year 2014 of revenue between $80 million and $90 million Identiv, a global security technology company that provides trusted identity solutions for premises, information, and everyday items, reports its financial results for the third quarter (Q3) of 2014. "In Q3 2014, we saw continued growth in revenue and achieved positive adjusted EBITDA," said Jason Hart, Identiv CEO. "The steps taken to streamline our business have allowed us to build a stable platform to deliver our products and services and to continue investing in sales, marketing, and product development." Q3 financial summary In reviewing the results for the third quarter of fiscal year 2014, compared to the third quarter of fiscal year 2013: Total revenues for continuing operations were $22.7 million, compared to $20.9 million, reflecting growth of 9%, with significant contribution from sales of credentials products increasing 49% to meet demand for electronic game toys, offset by lower sales of premises and identity products. GAAP gross profit margin was 43%, compared to 48%, primarily due to product mix. Base operating expenses, which include research and development, sales and marketing, and general and administrative costs, were $10.6 million, compared to $10.0 million, up 6%. The company increased its investment in sales and marketing by 12% and in research and development by 10%, offset by a reduction in general and administrative expenses of 4%. Adjusted EBITDA for the quarter was $0.99 million, compared to $0.95 million. GAAP net loss from continuing operations was $(3.9) million in Q3 2014, which included restructuring costs totaling $1.8 million, or $(0.46) per share, compared with GAAP net loss from continuing operations of $(12.9) million, or $(1.69) per share, in the comparable prior year period. There were restructuring costs of $1.3 million and impairment charges to goodwill and long lived assets of $11.1 million in Q3 2013. Cash was $41.1 million on September 30, 2014, compared with $5.1 million on December 31, 2013, reflecting proceeds from a refinancing of debt in March 2014 and an underwritten offering of common stock in September 2014. Note: Financial results contained in this release reflect the continuing operations of Identiv only and exclude discontinued operations of non-core businesses sold in December 2013, February 2014, and June 2014. "In Q3 2014, we continued to build a solid organization which is well capitalized, has unique technology, and a new sales organization to execute on our strategy. As the relationships formed this year with strategic technology, telecommunications, and distribution partners begin to mature, we believe we are well-aligned in the identity and security marketplaces," said Hart. "While a number of internal consolidation and cost-efficiency projects are ongoing, our primary focus has transitioned to leveraging our know-how to deliver new security products throughout the remainder of this year and into 2015, while outpacing the annual industry growth rate in 2015." Guidance The Company reaffirms revenue guidance for fiscal year 2014 of revenue between $80 million and $90 million.

Identiv to hold webcast on November 13, 2014, at 5:00 PM Identiv, a global security technology company that provides trusted identity solutions for premises, information, and everyday items, will hold an audio webcast and conference call to discuss the results of its 2014 third quarter (Q3) on Thursday, November 13, 2014, at 5:00 PM (ET). Jason Hart, CEO, and Brian Nelson, CFO, will host the webcast and conference call for financial analysts and investors, which will be followed by a Q&A. The webcast and conference call will be open to all interested investors. Should time allow, management will also answer questions sent to IR@identiv.com in advance of the call. The audio webcast can be accessed at identiv.com/investors/ir-events. The conference call can be accessed by dialing 888-771-4371 (toll-free within the U.S.) or +1 847-585-4405 (for international callers) using passcode 38441915. For those unable to attend the live webcast, it will be archived following the event for 30 days at identiv.com/investors/ir-events. A replay of the call will also be available for one week and can be accessed by dialing 888-843-7419 (toll-free within the U.S.) or +1 630-652-3042 (for international callers) using passcode 38441915.

The presentation will take place at Paris Nord Villepinte Exhibition in Paris, France Identiv, a global security technology company that provides trusted identity solutions for premises, information, and everyday items, recently announced that Jason Hart, Identiv CEO, will lead a speaker session at Cartes Secure Connexions 2014. The presentation will take place at Paris Nord Villepinte Exhibition in Paris, France on Wednesday, November 5, 2014 at 12 PM. During the presentation, Mr. Hart will address how to establish trust in the connected world. What: "How to Establish Trust in the Connected World" speaker session When: Wednesday, November 5, 2014, 12 - 12:30 PM Who: Jason Hart (Identiv CEO) Where: Paris Nord Villepinte Exhibition, Paris, France "Identity is the foundation of establishing trust in the new connected world. With the rapid adoption of connected devices — from household machines to momentarily connected consumer goods — it is essential that identity is the fundamental design principle to ensure privacy, safety, and trust," said Mr. Hart. Identiv is at stand 4 L 105 during the conference, November 4 - 6, 2014. Identiv will show how its customers are securing identities in the post-password era to confidently access cloud applications and exchange information in various industries using a wide array of trust solutions.

In Q2 2014, Identiv continued to grow with a series of new launches, including the uTrust product line Identiv, a global security technology company that provides trust solutions for premises, information, and everyday items, reports its financial results for the second quarter (Q2) of 2014. "In Q2 2014, we continued our strategy of growth with a series of exciting launches, including the uTrust product line for converged premises and information access, uTrust TS premises readers, Identiv Channel Alliance Network (ICAN), and an OEM launch of idOnDemand with a global service provider," said Jason Hart, Identiv CEO. "These initiatives have contributed to a record year-on-year revenue growth of 23%." Q2 Financial Summary In reviewing the results for the second quarter of fiscal year 2014, compared to the second quarter of fiscal year 2013: Total revenues for continuing operations were $22.3 million, compared to $18.2 million, reflecting growth of 23%, with significant contribution from sales of credentials products increasing 65% to meet demand for electronic game toys and other Internet of Things applications. GAAP gross profit margin was 40%, compared to 44%, primarily due to product mix. Base operating expenses, which include research and development, sales and marketing, and general and administrative costs, were $10.3 million, compared to $9.9 million, up 4%. The company increased its investment in sales and marketing by 20%, offset by a reduction in general and administrative expenses of 13%. Adjusted EBITDA for the quarter was $(0.46) million, compared to $(0.47) million. GAAP net loss from continuing operations was $(2.6) million in Q2 2014, which included restructuring costs totaling $0.6 million, or $(0.34) per share, compared with GAAP loss from continuing operations of $(2.9) million, or $(0.31) per share, in the comparable prior year period. There were no restructuring costs in Q2 2013. Cash and cash equivalents were $12.5 million at June 30, 2014, compared with $5.1 million at December 31, 2013. Note: Financial results contained in this release reflect the continuing operations of Identiv only and exclude discontinued operations of non-core businesses sold in December 2013, February 2014 and June 2014. "Our investment in growth is producing a significant increase in sales, and we are only just starting to see the impact of our strong go-to-market partnerships." Hart added "We have built a world class technology team, and added three new granted patents in the quarter. In addition, we continue streamlining the business to reduce costs and improve margins."

Identiv will discuss the results of its 2014 second quarter on audio webcast and conference call Identiv, a global security technology company that provides trust solutions for premises, information, and everyday items, will hold an audio webcast and conference call to discuss the results of its 2014 second quarter on Wednesday, August 13, 2014, at 5:00 PM (ET). Jason Hart, CEO, and Brian Nelson, CFO, will host the webcast and conference call for financial analysts and investors, which will be followed by a Q&A. The webcast and conference call will be open to all interested investors. Should time allow, management will also answer questions sent to ir@identiv.com in advance of the call. The audio webcast can be accessed by visiting the “Investor Relations” section of identiv.com and clicking on “Presentations & Webcasts”. The conference call can be accessed by dialing 888-771-4371 (toll-free within the U.S.) or +1 847-585-4405 (for international callers) using passcode 37846879. For those unable to attend the live webcast, it will be archived following the event for 30 days in the “Investor Relations” section of identiv.com. A replay of the call will also be available for one week and can be accessed by dialing 888-843-7419 (toll-free within the U.S.) or +1 630-652-3042 (for international callers) using passcode 37846879.