EANS-News: Identive Group Inc.
XIRING and SCM Microsystems form strategic
cooperation
Agreement provides access to additional products and joint development opportunities
Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.
New Products
Subtitle: Agreement provides access to additional products and joint development opportunities
Suresnes, France and Ismaning, Germany, January 25, 2011 (euro adhoc) - XIRING, a security solutions provider for electronic transactions, and SCM Microsystems, a business unit of Identive Group, Inc. (NASDAQ: INVE, Frankfurt: INV) and a global leader in security and identity solutions for secure access, secure identity and secure exchange, announced today that they have entered into a strategic cooperation agreement that expands their existing successful partnership.
For the past two years, XIRING and SCM have been working together to jointly develop a mobile solution based on existing XIRING technology for the German e-Health market, and to leverage SCM technologies in several XIRING electronic identity (eID) smart card readers. Based on the success of their initial partnership, the companies now are expanding their cooperation to cover additional markets and geographies. The new agreement between SCM and XIRING includes cross-selling of an expanded range of complementary products as well as joint development of combined solutions for key markets, including e-ID and Transport.
Georges LIBERMAN, XIRING´s Chairman and CEO, said, "This strategic agreement is the next logical step in our fruitful cooperation. XIRING and SCM have already demonstrated their ability to cooperate both on R&D projects and on marketing and sales programs. We can now leverage our complementary strengths to address additional customer and market opportunities."
Dr. Manfred MUELLER, SCM´s Chief Executive Officer, adds "This new partnership allows both SCM and XIRING to focus on their core market competencies, while taking advantage of each other´s technology expertise and market know-how to enhance their respective offerings. By working together, we can bring better value to our customers, and in a shorter time frame."
About XIRING XIRING, a security solutions provider for electronic transactions, develops security software embedded in smart card readers and terminals for strong authentication and electronic signatures. XIRING is the market leader in SESAM-Vitale healthcare terminals for generating and signing electronic medical claim forms or for updating healthcare cards in France and also works alongside authorities in the field of healthcare system dematerialization in international markets. In the area of electronic identity (e-ID), XIRING proposes a broad range of solutions for public authority staff and citizens to meet the latest market challenges with secure electronic identity documents systems: electronic national identity cards, electronic passports, public transport cards and professional cards. XIRING is listed on the Alternext compartment of the NYSE-Euronext Paris stock exchange. For further information: www.xiring.com
About SCM Microsystems SCM Microsystems is a leading provider of solutions for secure access, secure identity and secure exchange. The company offers the world's broadest range of contact, contactless and mobile smart card reader and terminal technology, digital identity and transaction platforms, as well as systems that integrate physical and logical access control. SCM´s smart card-based products and solutions are utilized around the world to enable security and identification applications, transaction systems, eHealth- and eGovernment programs and physical access systems. SCM Microsystems is part of Identive Group (NASDAQ: INVE; Frankfurt Stock Exchange: INV), a leading provider of products, services and solutions for the security, identification and RFID industries. For additional information, visit www.scmmicro.com and www.identive-group.com.
end of announcement euro adhoc
Further inquiry note:
Herr Fabien B. Nestmann
Tel.: +49 89 9595-5544
E-Mail: investorrelations@identive-group.com
Branche: Computing & Information Technology
ISIN: US45170X1063
WKN: A1C0ZG
Index: Prime All Share, NASDAQ
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade
New York / regulated dealing