Identive Group Inc. (INVE) announced Monday morning that it signed a Value Added Reseller agreement with NXP Semiconductors (NXPI). The companies will work together to identify and address emerging opportunities in the secure identification market by promoting and selling Identive's identification products, based on NXP's RFID semiconductor technology.
Identive Group gapped up Monday and has continued to rise on above average volume. Shares are now up 0.72 at $3.76. The stock has climbed to a 3-week high and has re-crossed its 50-day moving average.
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