Identiv Stock

Identiv, Inc. and its wholly owned subsidiaries operate as a global security technology company provider of secure identification and physical security solutions that secure things, data and physical places.

The company conducts operations internationally with sales in the Americas, Europe and the Middle East, and the Asia-Pacific regions. The company’s manufacturing operations and third-party contract manufacturers are located in China and Singapore/Southeast Asia.

The company derives a substantial portion of its revenues from indirect sales to the U.S. federal, state and local governments and government agencies, as well as from subcontracts under federal government prime contracts.

A significant amount of revenue is sourced from sales of products and systems to the company’s OEM partners and an indirect sales network who sell to various entities within the U.S. federal government sector.

The company markets and sells its products and solutions to customers in many countries around the world. To support the company’s global sales, customer base and product development activities, the company maintains offices and/or business operations in several locations around the world, including the United Kingdom, Germany, Hong Kong, India, Japan, Singapore, Canada, and the U.S.

The company uses an indirect sales channel that includes dealers, systems integrators, value added resellers and resellers to sell a significant portion of the company’s products and solutions, primarily into markets or to customers where the channel partner may have closer customer relationships or greater access than the company does.

The company’s radio-frequency identification (‘RFID’) Internet of Things (‘IoT’) devices and IoT software platform are designed to digitally enable and secure any physical item. The company’s products enable unique and secure digital interaction with the physical world while simultaneously managing data flows from each physical object, thereby creating a software-enabled experience for the user that goes beyond a purely physical interaction.

The company’s physical security systems secure virtually every aspect of places and the company’s interaction with them. The company’s systems provide customers with identification, access control, video surveillance and analytics. The company’s systems are built to meet the needs of various stakeholders, from engineers, systems designers, installers, and administrators to systems managers and individual users.

By digitally enabling physical ‘things,’ the company makes them more secure, responsive, feature-rich, interactive and customer-connected. RFID powers a wide range of IoT applications, including customer engagement, product authenticity, enhanced consumer experiences, instrumentation and sensor enabling, brand protection, product tracking, and tamper detection.

The company executes its strategy of securing every place and thing through its two business segments: Identity segment for IoT and RFID-enabled solutions, and Premises segment for the company’s physical security and access control.

Identity: The company’s Identity business is focused on digitally enabling and securing every physical thing. The company’s designs and products include RFID-enabled IoT solutions to make digital and physical devices secure, responsive, and meaningful for the end user. The company’s RFID units have been integrated into more than a billion and a half IoT items around the world.

Premises: The company’s Premises business is focused on securing every physical place. The company offers one of the most comprehensive, end-to-end systems available from a single service provider in the physical security market. The company’s product portfolio includes identity credentials, access readers, access control systems, video management systems, and video analytics, deployed in a hyper-converged platform or a cloud-based architecture. The company’s platform is deployed across buildings worldwide, including sensitive government facilities, schools, utilities, hospitals, stores, and apartment buildings.

Growth Strategy

Identity Segment

The company’s Identity segment growth strategy is focused on pervasive deployment of high-end, sensor-enabled RFID devices in every physical thing. The company is engaged with technology early adopters, built on the company’s reputation as the go-to partner for technologically complex advanced RFID devices.

Premises Segment

In the company’s Premises segment, its platform has the capability to secure virtually every place on the planet. The company’s platform is anchored by the reliability and robustness of the company’s complete security solution. This includes the company’s Velocity single-pane solution and software, the company’s line of controllers and IoT gateways, including Mx, the company’s EG Edge controller, the company’s TouchSecure access sensors, the company’s Velocity Vision video and the company’s VisionAI machine-learning based analytics platform, the company’s TS Cards credentials as well as the company’s mobile credentials, and a wide range of integrations.

The company builds its Premises solution to meet the stringent requirements of the most high-security facilities in the world and offer a complete security solution that includes hardware, software, and professional services. The company’s broad product portfolio allows the company to provide customers a complete deployment, allowing them to consolidate vendors, minimizing execution risk. This also leverages the company’s channel strength, as well as the engineering and product investments the company has made. A key focus area for the company is growing sales of its software licenses and related maintenance services.

The company sells its high-security solution to customers within the U.S. government. Since the company offers a fully featured product portfolio that meets the needs of many end users, the company intends to drive sales of its solution to quasi-governmental customers like airports and commercial customers in verticals, such as retail, medical, and education. The company also expects to drive sales of its enterprise-level solution into the SMB markets that also have high-security needs, thereby expanding the market for the company’s solution. Additionally, the company has partnerships with original equipment manufacturers (OEMs) that make the company’s products available to their respective sales teams, leveraging the company’s engineering investment.

Premises Software: The company’s software platform for premises digitization enables centralized management of a physical place, including control of doors, cameras, gates, elevators and other building equipment, monitoring users as they move around a facility, preventing unwanted access, maintaining compliance and providing a continuous audit trail. The company’s platforms are IT-centric and highly scalable from small businesses through global organizations, multi-tenant, special-purpose campuses, such as schools, military bases, utilities and others. The company’s platforms are available as local software or cloud based, accessible through browser, mobile and desktop interfaces. The company leverages data infrastructures across LAN's, Wifi, Bluetooth, mobile, RFID and emerging communication standards, such as 5G and UWB (ultra wide-band). As communications infrastructure becomes fully wireless, low-power and high-security, the company’s software is architected to support seamless migration to fully software-defined systems, compatible with pervasive RFID devices to enable a frictionless, convenient and secure experience in almost any physical location.

Access Readers & Sensors: As most of the physical infrastructure becomes wireless, virtual and software-defined, the remaining device will be the sensors at the door. As platforms for local presence confirmation, video and audio interaction, and to signal a door to open, the company’s family of TouchSecure (TS) sensors will continue to play a key physical role in providing security and convenience at the door.

Video Analytics: The company has integrated a wide set of machine learning analytics into the company’s Velocity Vision system. Integrated with the company’s Velocity access management platform, the company is bringing intelligence to physical security and the entire experience as people interact with buildings and other facilities around them.

Research and Development

In RFID, the company is a leader in a wide range of chip use cases, antenna designs across HF, UHF and LF (low frequency), as well as sensors, materials and form factors. The company encompasses both sides of the underlying technology platforms, the devices themselves, as well as the programmers, testers, configurators and readers.

Proprietary Technology and Intellectual Property

The company has a portfolio of approximately 36 patent families (designs, patents, utility models, patents pending and exclusive licenses) in individual or regional filings, covering products, electrical and mechanical designs, software systems and methods and manufacturing process ideas for the company’s various businesses. Additionally, the company leverages its own ASIC designs for smart card interface in some of the company’s reader devices. The company’s issued patents expire between 2023 and 2034.

Identiv and the Identiv logo are trademarks of the company, registered in many jurisdictions worldwide. Certain product and service brands are also trademarks or registered trademarks of the company, including HIRSCH, ScramblePad, TouchSecure, Velocity, Velocity Vision, Velocity AI, Bitse.io, Freedom, Enterphone MESH, 3VR, VisionPoint, Thursby Software, and Thursby SubRosa.

History

The company was founded in 1990. It was incorporated in 1996 under the laws of the state of Delaware. The company was formerly known as Identive Group, Inc. and changed its name to Identiv, Inc. in 2014.