 Innovative, Subscription-Based Solution Allows Customers to Conserve Cash with No Upfront Equipment or Software CostFREMONT, Calif., July 14, 2020 GLOBE NEWSWIRE -- Identiv, Inc. NASDAQ: INVE today announced the launch of 3VR Prime, the industrys most comprehensive video management hardware and software system as a service. 3VR Prime is designed to provide users with a no-upfront-cost, service-oriented, fully supported, 100 warrantied video management system VMS solution that delivers broader efficiencies to end-users seeking on-premises VMS solutions. 3VR Prime delivers an enterprise-class, scalable, intelligent VMS platform to customers of any size. Identivs 3VR Prime eliminates the requirements for upfront expenditures by delivering VMS hardware and software as a service. If any 3VR hardware becomes unrepairable or obsolete, Identiv will replace it for free. Customers can also use their existing on-premises server hardware, creating a software-as-a-service experience while retaining their preferred on-premises system. All software and OS updates are also included with the subscription.Imagine if your VMS didnt have an end-of-life, said Mark Allen, Identiv GM, Premises. 3VR Prime is a video surveillance as-a-service solution that provides you with the hardware, software, support, and confidence that your system will always be up-to-date. Our VMS as-a-service solution evolves as your business and security needs evolve over time. With 3VR Prime, users are empowered to quickly and easily boost camera management, add more sites, or incorporate analytics at any time our subscription model grows with your business.3VR implements stringent security, meaning no malware can be installed. As new OS patches become available, those patches are instantly at your IT teams fingertips. At the same time, security teams have access to all software updates during the life of any 3VR Prime system.3VR Prime features all of the great benefits offered by an enterprise-grade VMS with none of the upfront cash outlay or ongoing maintenance hassles. Identivs 3VR VMS is the ultimate video management software with world-class forensic search, case management, and business intelligence. 3VR provides the tools to gather real-time intelligence from video, speed up searches, and easily develop and manage cases and investigations.As we enter times of economic uncertainty, 3VR Prime allows customers to adopt or sustain world-class video management while conserving cash and ensuring no subsequent cost surprises due to hardware obsolescence or software incompatibilities, said Steven Humphreys, Identiv CEO. Our goal is to provide cost and operational certainty for our customers so they can focus on the challenges and opportunities elsewhere in their business. 3VR Prime is suitable for large corporations, in which conventional video systems are a major use of capital, and small and medium businesses, which need strong security but also have to conserve cash in uncertain times.Identiv offers a full portfolio of 3VR video intelligence solutions paired with data analytics for the industrys fastest and most easily managed surveillance searchability. 3VR provides a single platform for real-time security and customer insights, enabling organizations to protect employees, customers, and assets while improving customer experiences. To learn more, contact 1 888.809.8880 or Identiv Identiv, Inc. is a global provider of physical security and secure identification. Identivs products, software, systems, and services address the markets for physical and logical access control, video analytics, and a wide range of RFID-enabled applications. Customers in the government, enterprise, consumer, education, healthcare, banking, retail and transportation sectors rely on Identivs access and identification solutions. Identivs mission is to secure the connected physical world: from perimeter to desktop access, and from the world of physical things to the Internet of Everything. Identiv is a publicly traded company and its common stock is listed on the NASDAQ Capital Market in the U.S. under the symbol INVE. For more information, visit identiv.com.Identiv Media Contact: 