Printed Electronics Technology Established at Flextronics' Silicon Valley Innovation Labs and Engineering Centers Globally
SAN JOSE, California, 2 September 2014 - Thin Film Electronics ASA, ("Thinfilm") (OSE: THIN.OL), a leader in the development and commercialization of printed electronics, today announced a partnership with Flextronics (Nasdaq: FLEX), a leading end-to-end global supply-chain solutions company. As part of the agreement, Flextronics will further expand its Open Innovation Platform with the addition of Thinfilm's award-winning technology, and offer Thinfilm's printed electronics products and solutions - including rewritable memory, integrated smart label systems, and printed NFC tags - to its customers.
"Flextronics is well-known for its unique ability to provide innovative technology, design and manufacturing solutions for businesses across a range of industries," said Jennifer Ernst, executive vice president, sales and business development, at Thinfilm. "We believe our relationship with Flextronics will help us extend the reach of our printed electronics products and solutions to new customers, partners, and industries."
"Flextronics is committed to providing and investing in the latest technologies to help our customers compete and innovate faster," said Anita Ganti, vice president of global technology at Flextronics. "Printable electronics and Thinfilm enable a wave of new innovative products and solutions for our customers and we see great value in partnering with Thinfilm to expand our Open Innovation Platform offering."
About Thin Film Electronics ASA - Thinfilm is a leader in the development of printed electronics. The first to commercialize printed, rewritable memory, the Company is creating printed systems that include memory, logic, sensing, display, and wireless communication, all at a low cost unmatched by any other electronic technology. Thinfilm's roadmap integrates technology from a strong and growing ecosystem of partners to enable the Internet of Everything by bringing intelligence to disposable goods.
Thin Film Electronics ASA ("Thinfilm") is a publicly listed Norwegian company with headquarters in Oslo, Norway, product development and production in Linköping, Sweden, product development, production, and business development in San Jose, California, USA, and a sales office in Tokyo, Japan. In addition, manufacturing is provided through a production partner, InkTec, in Pyongtaek, South Korea. For more information, visit www.thinfilm.no or follow us on Twitter @ThinfilmMemory.
About Flextronics - Flextronics is a leading end-to-end supply chain solutions company that delivers design, engineering, manufacturing and logistics services to a range of industries and end-markets, including data networking, telecom, enterprise computing and storage, industrial, capital equipment, appliances, automation, medical, automotive, aerospace and defense, energy, mobile, computing and other electronic product categories. Flextronics is an industry leader with more than $26 billion in annualized sales, generated from helping its customers design, build, ship, and service their products through an unparalleled network of facilities in more than 30 countries and across four continents. Flextronics' service offerings and vertically integrated component technologies optimize customer supply chains by lowering costs, increasing flexibility, and reducing time-to-market. For more information, visit www.flextronics.com or follow us on Twitter @Flextronics.
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For more information on Flextronics please contact:
Renee Brotherton
Flextronics
Corporate Communications
1-408-576-7189
renee.brotherton@flextronics.com
For more information on Thinfilm please contact:
Bill Cummings
Thin Film Electronics ASA
VP, Marketing & Communications
+1 408-503-7312
bill.cummings@thinfilm.no
Jennifer Smith
Blanc & Otus for Thin Film Electronics ASA
+1 415 856 5152
jsmith@blancandotus.com
www.blancandotus.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.