Identiv Signs Exclusive Deal to Develop BLE Smart Labels
Multi-year agreement establishes exclusive supply of millions of units of specialized BLE smart labels
Identiv, Inc, a global leader in RFID and Bluetooth Low Energy (BLE)-enabled Internet of Things (IoT) solutions, announced the signing of an exclusive supply agreement with IFCO, a leading global provider of reusable packaging solutions for fresh food, to develop and supply next-generation smart BLE labels.
“The execution of this agreement marks a significant milestone in our high growth BLE smart label strategy,” said Kirsten Newquist, CEO of Identiv. “This exclusive, high-volume manufacturing contract firmly establishes Identiv’s leadership in delivering scalable BLE-enabled smart labels for complex global industries.”
Under the terms of the agreement, Identiv will serve as the exclusive supplier for committed manufacturing volumes of these specialized BLE labels. Following the successful completion of the development phase, IFCO will retain exclusivity for the customized BLE labels throughout the agreement term as they are integrated across IFCO’s global network of more than 400 million reusable packaging containers.
Identiv’s RFID- and BLE-enabled IoT solutions create digital identities for physical objects, enhancing global connectivity for businesses, people, and the planet. Its solutions, integrated into over 2.0 billion applications worldwide, drive innovation across healthcare, logistics, consumer electronics, luxury goods, smart packaging.
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IFCO is a leading global provider of reusable packaging solutions for fresh foods, empowering customers to participate in the circular economy in 50+ countries. IFCO operates a pool of over 400 million reusable packaging containers (RPCs) globally, which are used for over 2.5 billion shipments of fresh fruits and vegetables, meat, poultry, seafood, eggs, bread, and other items from suppliers to grocery retailers every year. IFCO RPCs ensure a better fresh food supply chain by protecting freshness and quality and lowering costs, food waste and environmental impact compared to single-use packaging.
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