Identive Says Cutting 11% of Jobs

Identive Group, Inc.

, a provider of products and services for the identification, security and RFID industries, today provided details on a series of recently-disclosed cost reduction measures to bolster the Company's cash position and support its long-term growth strategy. These measures are expected to result in savings of $4 million to $5 million in the remainder of 2012 and include an 11% reduction in the Company's global workforce, acceleration of the elimination of duplicate expenses at newly acquired companies, reductions in other general and administrative expenses, the consolidation of facilities, as well as temporary reductions of nearly $0.5 million in executive and management salaries and Board fees. The Company expects to incur charges of $0.7 million to $0.9 million in 2012 in connection with the cost reduction program.