Identive Group Inc.
SCM Microsystems, Inc. d.b.a. Identive Group: MULTICARD GMBH RECEIVES OFFICIAL CONFIRMATION OF A PROJECT AWARD TO SUPPORT GERMANY’S ELECTRONIC NATIONAL ID PROGRAM
SCM Microsystems, Inc. d.b.a. Identive Group / Miscellaneous 18.06.2010 05:52 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- SCM MICROSYSTEMS PROVIDES CONTACTLESS SMART CARD READERS SANTA ANA, Calif. and ISMANING, Germany, June 18, 2010 - Identive Group, Inc. (NASDAQ: INVE; Frankfurt Stock Exchange: INV), a provider of products, services and solutions for the security, identification and RFID industries, today announced that its business unit Multicard GmbH received official confirmation of a project award valued at more than EUR 4.4 million, or approximately US $5.6 million, for a user authentication solution to support Germany's new electronic national ID program. Multicard will supply secure RFID-based contactless card readers for the project and will act as leading coordinator and project manager for their implementation. The contactless card readers used in the program as well as some customization services will be provided by SCM Microsystems, which is also a business unit of Identive. The award to Multicard was made by Germany's Federal Ministry of the Interior ('Bundesministerium des Innern') and the project is to be completed over the next 18 months, through December 2011. Payments to Multicard will be made in three installments: 1) when the solution is certified as compliant with the program's specifications by Germany's Federal Office of Information Security, 2) when the first half of the units have been delivered to end users, and 3) when the second half of the units have been delivered to end users. In addition to the award received by Multicard, three additional projects have been awarded under Germany's national ID program to third parties that include the supply of SCM Microsystems contactless card readers, totaling approximately EUR 5.5 million, or approximately US $6.9 million. The total value of revenue for Identive associated with the German electronic ID program is expected to be approximately EUR 9.9 million, or approximately US $12.5 million, over the next 18 months. Contact: Fabien B. Nestmann +41 44 783 8043 fnestmann@identive-group.com 18.06.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: SCM Microsystems, Inc. d.b.a. Identive Group 1900 Carnegie Ave. Bldg. B CA 92705 Santa Ana Vereinigte Staaten von Amerika Phone: +49 89 9595-5000 Fax: +49 89 9595-5555 E-mail: ir@scmmicro.com Internet: www.scmmicro.com ISIN: US7840181033 WKN: 909247 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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