Gary Kremen Joins Board as Identiv Positions for Growth
24 Febrero 2014 - 8:00AM
Internet business pioneer Gary Kremen has joined the Board of
Directors of Identive Group, Inc. (Nasdaq:INVE).
"Over the past 14 weeks we have substantially simplified the
business to create a focused growth platform that leverages our
core competencies in delivering unique and patented trust solutions
for premises, information and the rapidly growing market of
everyday items. The key here is identities moving from analog to
digital for billions of connected everyday items. Identiv intends
to be at the heart of this revolution," said Jason Hart, CEO of
Identiv. "To support and guide this vision I am extremely pleased
to welcome Gary to our board. He is an iconic Silicon Valley
technology pioneer who has identified and executed on important
trends before others have seen the opportunity."
"With a rare blend of vision and business pragmatism, Gary will
be an invaluable steward as we transform Identiv into a profitable
and high-growth security technology company delivering Trust
Solutions to the Internet of Things," said Steven Humphreys,
Chairman of the Board.
Gary Kremen is a serial entrepreneur who invented online dating,
having founded the dating website Match.com. He also founded Clean
Power Finance, the leading white-label residential solar finance
company, backed by Google, Kleiner Perkins Caufield & Byers,
Edison International (parent company of Southern California Edison)
and Duke Energy, among others. He is an investor in over 40
companies, private equity funds and venture capital funds. Kremen
is credited as the primary inventor on a 1995-filed patent for
dynamic web pages, and holds three other patents in
financial-related systems management. Kremen holds Bachelor of
Science degrees in Electrical Engineering and Computer Science from
Northwestern University, as well as an MBA from the Stanford
University Graduate School of Business.
Currently, Kremen is a principal with CapGain Solutions as well
as Cross Coin Ventures. He serves on the boards of WaterSmart
Software, for which he was a founding co-investor and is currently
Chairman; CrowdFlower, for which he was the founding investor and
Purissima Hills Water District, where he is President of the Board
of Directors.
"This is an exciting time to be joining Identiv and I look
forward to sharing my experiences and contributing to the company's
growth," Kremen said. "In our increasingly interconnected world,
trust is the #1 business enabler and Identiv has the clear
potential to become a leader in delivering Trust for the Internet
of Things."
About Identiv
Identiv is a global security technology company that establishes
trust in the connected world, including premises, information and
everyday items. CIOs, CSOs and product departments rely upon
Identiv's Trust Solutions to reduce risk, achieve compliance and
protect brand identity. Identiv Trust Solutions are implemented
using standards-driven products and technology, such as digital
certificates, mobility and cloud services. For more information,
visit www.identiv.com or follow us on Twitter at
@identivegroup.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements can be identified by words such
as "anticipates," "believes," "plans," "will," intends, "expects,"
and similar references to the future. Examples of such statements
include our intention to be at the heart of the revolution of
identities moving from analog to digital for billions of connected
everyday items, our ability to transform the company into a
profitable and high-growth company, and our expectation that Mr.
Kremen's experience and skills will contribute to the company's
execution of our vision and growth. These statements are based on
current expectations or beliefs, as well as a number of assumptions
about future events that are subject to risks and uncertainties
that may cause actual results to differ materially from those
contemplated herein. Readers should not unduly rely on these
forward-looking statements, which are not a guarantee of future
performance and are subject to a number of risks and uncertainties,
many of which are outside our control, that could cause our actual
business and operating results to differ. Factors that could cause
actual results to differ materially from those in the
forward-looking statements include our ability to successfully
develop and commercialize new products and solutions that satisfy
the evolving and increasingly complex requirements of our customers
and markets; our ability to finance continued investments in
technology, products and manufacturing capacity to develop products
and solutions for the market; whether the markets in which we
participate or target may grow, converge or standardize at
anticipated rates or at all, including the markets that we are
targeting; our ability to successfully compete in the markets in
which we participate or target; our ability to meet our sales
forecasts; our ability to meet financial covenants of our loan
agreement; our ability to meet growing demand for our products; and
general global political and economic factors which are beyond our
control but may unduly impact our markets and our business. For a
discussion of further risks and uncertainties related to our
business, please refer to our public company reports, including our
Annual Report on Form 10-K for the year ended December 31, 2012 and
subsequent reports filed with the U.S. Securities and Exchange
Commission.
Note: Identiv and the Identiv logo are trademarks of Identive
Group, Inc., registered in many jurisdictions worldwide. All other
company, product or service names may be trademarks or registered
trademarks of others and are the property of their respective
owners.
CONTACT: Media Contacts
Lesley Sullivan
lsullivan@identiv.com
+1 781.684.0770
Joann Wardrip
jwardrip@identiv.com
+1 415.817.2530
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