Jadeberg Partners AG
CLEANTECH INVEST AG invests in Identive Group

Cleantech Invest AG  / Key word(s): Capital Increase/Miscellaneous

23.11.2010 08:43

Publication of a media release
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- Cleantech Invest AG invests US$ 1.0 million in a PIPE transaction
- Cleantech Invest AG leads a group of Swiss institutional investors in a
Private Placement totaling US$ 10.35 million
- Proceeds will be used to fund future acquisition and growth activity and
for general corporate purposes

St. Gallen, 23 November 2010 - CLEANTECH INVEST AG (ISIN: CH0034183175,
Ticker Frankfurt: 4CT, Ticker Berne: CTI, www.cleantech-invest.ch) - a
Berne and Frankfurt Stock Exchange listed Growth Capital Fund focusing on
Clean Technology Investments announces its investment of US$ 1.0 million in
Identive Group.

Cleantech Invest AG has led a group of Swiss institutional investors and
has been joined with other investors in Europe and the United States in a
PIPE transaction (Private Investment in Public Equity) totaling US$ 10.35
million in the Frankfurt Stock Exchange and NASDAQ listed company. In the
Private Placement, Cleantech Invest AG and the other participating
investors acquired common stock at a premium of US$ 0.125 over Identive's
NASDAQ closing share price of US$ 2.40 on November 12, 2010 along with
warrants to purchase the same amount of common stock, exercisable for a
period of five years, with a cash exercise price of US$ 2.65. The proceeds
are anticipated to be used to fund Identive's future acquisition and growth
activity and for general corporate purposes.

Jürgen F. Habichler, President of the Board of Directors of Cleantech
Invest AG, announced: 'With this PIPE transaction we back a market
consolidator in the highly fragmented RFID industry. We are impressed by
the Management's ability to acquire, integrate and grow businesses under
the Identive Group umbrella. As RFID allows for the tracking of individual
goods in the supply chain, it is as a key enabling technology for measuring
and reducing the carbon footprint of products over their lifetime. We
believe that the importance of RFID for the overall Cleantech sector, most
notably for logistics optimization and product origin verification, will
significantly grow in the future.'

Identive Group is an international technology company providing
leading-edge products and solutions in the areas of physical and logical
access control, identity management and radio frequency identification
systems ('RFID') to governments, commercial and industrial enterprises and
consumers. Identive's growth model is based on a combination of strong
technology-driven organic growth and disciplined acquisitive expansion.
Identive Group operates globally, with corporate headquarters in Santa Ana,
California and operational headquarters in Ismaning, Germany. For FY 2010
Identive targets Sales exceeding US$ 80 million and a positive adjusted
EBITDA.

Ayman Ashour, chairman and chief executive officer of Identive Group,
comments: 'We appreciate the confidence of Cleantech Invest AG and thank
them for taking the lead with our Swiss institutional investors in this
growth capital round. We are pleased with this endorsement of our vision
and growth strategy.'


About Identive Group
Identive Group, Inc. (Frankfurt Stock Exchange: INV, NASDAQ: INVE) 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.

About Cleantech Invest AG
Cleantech Invest AG (ISIN: CH0034183175, Ticker Frankfurt: 4CT, Ticker
Berne: CTI, (www.cleantech-invest.ch) headquartered in St. Gallen,
Switzerland, is a stock exchange listed Growth Capital Fund focusing
exclusively on clean technology and renewable energy. Cleantech Invest AG
invests in established and growing companies in the field of renewable
energy, environmental and climate protection.




Contact
Jürgen Habichler
Phone: +41 44 78 38 041
Email: contact@cleantech-invest.ch
Internet: www.cleantech-invest.ch





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Language:               English
Company:                Cleantech Invest AG
                        Dufourstr. 121
                        9001 St. Gallen
                        Schweiz
Phone:                  +41 44 78 38 041
Fax:                    +41 44 78 38 040
E-mail:                 contact@cleantech-invest.ch
Internet:               www.cleantech-invest.ch
ISIN:                   CH0034183175
Swiss Security Number:  A0M1SE
Listed:                 Open Market in Frankfurt; Foreign Exchange(s) BX
 
End of Announcement                             EquityStory News-Service
 
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