New Production Facility Meets Growing Demand for IoT Solutions
Identiv, Inc. (Nasdaq: INVE), a global digital security and identification leader in the Internet of Things (IoT), marks a milestone in its IoT strategy with the unveiling of a new radio-frequency identification (RFID) production facility in Bangkok, Thailand. With this new facility, Identiv significantly expands its manufacturing capacity and cost competitiveness to fulfill demand for its leading-edge IoT solutions.
The 22,600-square-foot Thailand facility will be capable of producing approximately 600 million single-pass RFID units per year. Combined with its current capacity in Singapore, Identiv expects to nearly triple its RFID unit production when the Thailand facility is fully operational.
“We are thrilled to officially open our RFID production facility in Thailand. As the number of IoT applications continues to multiply, expanding capacity to meet rising global demand for our IoT solutions is critical to our growth,” said Steven Humphreys, CEO, Identiv.
Dr. Manfred Mueller, COO, Identiv, added, “On an accelerated timeline, our experienced team led by B.Y. Koh produced our first one million RFID units in advance of the official grand opening. Secured by our Hirsch access control system, our Thailand facility is one of the most secure plants in the industry. We’ve made fast progress developing this new facility and look forward to reaching full scale production next year.”
Located within the Thailand free trade zone, the new facility is Identiv’s second RFID manufacturing site in Southeast Asia and provides flexibility and capacity. Identiv’s strategic advisor Manfred Rietzler, a renowned expert in RFID production processes, was instrumental in the site selection and development process. Identiv retains the flexibility to enlarge its manufacturing capacity within the same facility, ensuring a swift and efficient response to rising demand for its IoT solutions.
Identiv currently has 30 employees based in Thailand and expects to more than double headcount at the facility. Most of the employees have several years’ experience in RFID production at industry-leading RFID companies.
For more information about Identiv’s complete RFID product portfolio, please contact transponder_sales@identiv.com.
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