Strategic Partnerships and Product Development
Identiv announced a new strategic partnership with Tag-N-Trac for IoT solutions in pharmaceutical supply chains and is collaborating with InPlay on a new portfolio of BLE-enabled smart labels for logistics applications.
Transition to Lower Cost Production
Operational progress was made on transitioning production from Singapore to a lower cost facility in Thailand, with expectations to complete this by the end of Q2 2025.
Expansion of BLE and Multi-Component Platform
Solid progress in expanding BLE technology, with several significant projects in the pipeline, supporting the company's roadmap and innovation in IoT.
Strong Financial Position
Exited Q1 2025 with $132.7 million in cash, cash equivalents, and restricted cash, enabling pursuit of organic and inorganic growth initiatives.