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IFCO and Identiv Form Strategic Partnership to Enhance Digital Traceability in the Global Fresh Grocery Supply Chain

1. Identiv partners with IFCO for BLE-enabled smart labels in packaging. 2. The project aims to enhance sustainability and reduce food waste. 3. Pilot testing of the solution expected to start in 2025. 4. This initiative underscores Identiv's expertise in BLE and IoT solutions. 5. Over 400 million RPC units will use these smart labels worldwide.

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FAQ

Why Bullish?

This partnership reflects Identiv's innovation and market growth potential. Historical trends show similar partnerships enhancing stock values in tech sectors.

How important is it?

The strategic partnership directly ties to INVE's core business, enhancing competitive positioning. Continuous innovation in IoT solutions is likely to yield positive investor perception.

Why Long Term?

The 2026 full-scale deployment indicates sustained future revenue growth and market presence. Previous partnerships have led to significant performance improvements over time.

Related Companies

IFCO
Identiv's New BLE Smart Label Will Enable Real-Time Monitoring of IFCO's Global Reusable Packaging Pool , /PRNewswire/ -- Identiv, Inc. (NASDAQ: INVE), a global leader in RFID- and BLE-enabled Internet of Things (IoT) solutions, and IFCO, the world's leading provider of reusable packaging solutions for grocery products, announce a strategic partnership to enhance traceability, efficiency and sustainability across the fresh grocery supply chain. The two companies have signed a Memorandum of Understanding to develop and launch a BLE-enabled smart label that will enable real-time monitoring IFCO's extensive global pool of reusable packaging containers (RPCs). IFCO operates the world's largest pool of reusable packaging containers, with over 400 million units in circulation globally that facilitate the sustainable transportation of fresh produce. Through this strategic collaboration, advanced BLE smart labels will be integrated into IFCO's existing RPC network. This initiative aims to provide real-time traceability and temperature monitoring for IFCO and its customers transporting fresh food perishables worldwide, ultimately enhancing supply chain visibility, enabling efficiencies and reducing food waste. "We are excited to announce this agreement with IFCO that leverages our expertise in BLE design and multi-component manufacturing capabilities for this innovative application," said Kirsten Newquist, CEO of Identiv. "The ability to provide precise location and temperature data through a cost-effective and scalable BLE smart label will be transformative for the fresh food industry." Dr. Sebastian Grams, Chief Digital Officer of IFCO, added, "We are pleased to partner with Identiv on this pioneering BLE-enabled packaging solution, which will provide unprecedented visibility into our supply chain. These smart labels will be instrumental for optimizing the logistics of our RPC pool, further enhancing our SmartCycle and allowing retailers and growers to improve their supply chains, reducing food waste and ensuring the highest quality of fresh food for consumers worldwide." This collaborative effort represents a significant step towards a more transparent, efficient, and sustainable global food supply chain. IFCO plans to begin pilot testing its combined solution in 2025, with full-scale deployment anticipated in 2026. The partnership underscores IFCO's continued investment in digital innovation as a key enabler of a more sustainable circular food system. For more information about Identiv's smart label portfolio, please contact [email protected].  About IdentivIdentiv'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 1.5 billion applications worldwide, drive innovation across healthcare, consumer electronics, luxury goods, smart packaging, and more. For additional information, visit identiv.com. About IFCOIFCO 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. More: www.ifco.com | Follow us on LinkedIn @IFCO SYSTEMS Identiv Media Contact:Sophie PearsonIdentiv, Inc.[email protected] IFCO Media Contact:Inigo Canalejo Vice President, ESG and Strategic Marketing [email protected] SOURCE Identiv WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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