Conditional Agreement to Acquire Kovio NFC Technology
Oslo, 13 January 2014 - Thin Film Electronics ASA ("Thinfilm") (OSE: THIN.OL) has entered into a conditional agreement for the acquisition of printed near field communication (NFC) technology developed by Kovio, Inc. The Kovio NFC communication protocol is supported by the Google Android platform and major NFC controllers. Under the terms of the agreement, Thinfilm will acquire the Kovio intellectual property and manufacturing facilities, subject to certain conditions. The transaction is expected to close by the end of January, at which time Thinfilm will communicate additional information on its wireless roadmap and invite analysts for a company briefing in Oslo.
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For more information on Thinfilm, please contact:
Thin Film Electronics ASA
John Afzelius-Jenevall, CFO: +47 95 87 96 80 / jaj@thinfilm.no
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act