Identiv and Novanta Join Forces to Revolutionize RFID Solutions for Healthcare Industry

Strategic Collaboration Aimed at Advancing RFID Technology in Healthcare

Identiv, Inc. (NASDAQ: INVE), a notable global player in RFID-driven IoT solutions, has teamed up with Novanta Inc., a respected name in technology for medical devices and life sciences, to enhance the application of Radio-Frequency Identification (RFID) in the healthcare sector. This strategic partnership seeks to simplify the integration and adoption of innovative RFID solutions tailored for original equipment manufacturers (OEMs) in the medical realm.

With healthcare manufacturers increasingly tasked with enhancing efficiency while adhering to strict safety regulations, the Identiv-Novanta collaboration aims to bridge crucial market gaps. By combining Identiv’s advanced RFID tags and inlays with Novanta’s industry-leading ThingMagic reader modules and application programming interfaces (APIs), the two companies are on a mission to deliver comprehensive vertical solutions. This will significantly improve access, identification, and traceability in medical environments, ensuring both superior performance and competitive pricing.

Focus on Medical Devices and Life Sciences

Initially, the partnership's primary goal will be to market RFID solutions specifically designed for medical device and life sciences OEMs. These solutions are intended to be integrable into a wide range of smart medical devices, advanced diagnostic tools, and wearable technology, with an emphasis on enhancing product reliability, assuring accurate assembly, and fostering patient safety. As a result, the collaboration is expected to provide manufacturers with the necessary tools to streamline development processes and improve product integration seamlessly.

Kirsten Newquist, CEO of Identiv, expressed enthusiasm regarding the alliance, stating, "This collaboration with Novanta will facilitate the adoption of RFID technology in critical medical device applications. By integrating our top-of-the-line RFID devices with their trusted reader technology, we’re enabling innovative manufacturers to enhance both intelligent functionality and performance while ensuring patient safety."

Aiming for Operational Excellence

The healthcare sector is witnessing heightened pressure to innovate, aiming for efficiency while minimizing costs. The Identiv-Novanta partnership anticipates creating an optimized ecosystem whereby manufacturers can efficiently evaluate and implement RFID solutions, resulting in reduced complexities and faster market entry times.

Lina Li, President of Precision Medicine at Novanta, commented on the partnership's broader implications: "Partnering with Identiv complements our mission to deliver innovative, application-specific solutions to our customer base. This relationship enhances our offerings in connected care and medication management, allowing for real-time monitoring of crucial patient metrics such as temperature and motion while also tracking medication compliance. This marks a significant improvement for patient safety and hospital regulatory compliance."

Commitment to Innovation

The partnership does not merely reflect a union of two companies but underscores a shared commitment to pioneering advancements within the medical technology field. By ensuring that medical device manufacturers can leverage state-of-the-art integrated solutions, Identiv and Novanta aim to boost operational efficiency while supporting the next phase of advancement in healthcare technology.

Identiv's capacity to create digital identities for physical objects has enabled companies worldwide to connect their products and services seamlessly. Their RFID innovations have been integrated into over 1.5 billion applications across numerous sectors, including healthcare, consumer electronics, and smart packaging.

Novanta continues to establish itself as a significant supplier of technology solutions that provide a competitive edge to medical and industrial OEMs. The firm's expertise spans precision medicine, robotics, and advanced surgery, ensuring that customer-specific needs are met with high precision and performance.

As the healthcare landscape evolves, the Identiv-Novanta partnership signifies a critical step forward in incorporating advanced RFID technology within medical devices, setting a new standard for both patient safety and operational efficiency in the industry.

For further details about Identiv's IoT solutions and insights into this groundbreaking partnership, please visit Identiv's website.