Identiv (INVE) Joins Forces With Tag-N-Trac to Develop IoT Solutions for Cold Chain Tracking

On April 24, Identiv, Inc. (NASDAQ:INVE) announced a strategic business development and marketing collaboration with Tag-N-Trac, a full-stack IoT platform provider for real-time supply chain visibility and traceability.

The partnership initially aims to develop and commercialize specialized IoT solutions for cold chain tracking in the pharmaceutical industry supply chain. The collaboration would integrate Tag-N-Trac’s RELATIVITY SaaS platform and Identiv’s advanced BLE smart labels.

Identiv’s smart labels consistently capture raw environmental data throughout a product’s journey to delivery, while Tag-N-Trac’s platform converts it into real-time analytics for monitoring condition, location, and chain-of-custody status. This makes the technology platform suitable for high-value products, including biologics, vaccines, and other temperature-sensitive medications.

Kirsten Newquist, CEO at Identiv, said the following about the collaboration:

“As regulatory requirements and patient safety concerns grow, real-time data and visibility into the pharmaceutical cold chain have become critical. Our strategic partnership with Tag-N-Trac supports pharmaceutical customers with smart, scalable IoT solutions that meet rigorous regulatory standards while optimizing operational efficiency.”

The strategic partnership underscores the commitment of both companies to developing a more connected and smarter pharmaceutical supply chain through specialized IoT solutions.

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Disclosure: None. This article is originally published at Insider Monkey.