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home / news releases / INVE - WISeKey renews Identiv agreement strengthens smart card reader chips business

INVE - WISeKey renews Identiv agreement strengthens smart card reader chips business

Identiv Inc.
WISeKey (NASDAQ:WKEY) will renew and expand its business in smart card readers with Identiv (NASDAQ:INVE); it will supply Identiv with high-end smart card reader chips for $1M+ in value. The partnership extends to Identiv’s contact, contactless, and dual-interface smart card readers, targeting applications in healthcare, pharmaceuticals, government, and education. WISeKey chip technology is built into a selection of Identiv's contact, contactless, and dual-interface smart card reader/writer product portfolio. According to Market & Markets, the smart card market is projected to reach $16.9B by 2026 from $13.9B in 2021 with 75% of the value generated by cards and readers. WKEY shares trading 3.2% higher premarket.

For further details see:

WISeKey renews Identiv agreement, strengthens smart card reader chips business
Stock Information
Company Name: Identiv Inc.
Stock Symbol: INVE
Market: NASDAQ
Website: identiv.com
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