Identiv Delivers 41% Year-over-Year Growth in RFID Business

Identiv announced a pivotal quarter for its transponder business, with radio frequency identification (RFID) revenue up 41% year-over-year.

Identiv's IoT-enabling RFID and near field communication (NFC) solutions verify identities and security, and are embedded in billions of everyday objects, including medical devices, packaging, mobile device accessories, books, athletic apparel, wine and spirits, perishables, and pharmaceuticals.

Significant demand for Identiv's RFID solutions fuels capacity expansion to second location in Southeast Asia.
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"We've secured an outstanding leadership role in the RFID industry as a solutions provider in the IoT sector, as evidenced by our multi-quarter track record of 100% RFID customer retention. We continue to broaden our base of RFID customers with new design wins, supporting a company record 38 non-recurring engineering (NRE) contracts at the end of the second quarter 2022," said Amir Khoshniyati, VP and GM, Transponder Business.