Reference is made to the 20 February 2015 OSE release regarding Thinfilm establishing an ADR program.
OSLO, Norway, March 24, 2015 - Thin Film Electronics ASA ("Thinfilm") (OB: THIN) (OTCQX: TFECY), a leader in the development and commercialization of printed electronics and smart systems, announced today that the Company has commenced trading on OTCQX International. Effective today, March 24, Thinfilm's American Depository Receipts (ADRs) are available for trading in the United States on OTCQX under the symbol "TFECY". Each ADR represents 10 ordinary shares listed on the Oslo Børs under the symbol "THIN".
"The establishment of an ADR facility and our inclusion on OTCQX represent critical milestones within Thinfilm's strategic roadmap," said Davor Sutija, chief executive officer for Thinfilm. "We're very excited to provide our US investor base with a more direct means of trading and accessing information."
Thinfilm is among a leading group of global issuers enabling their shares to also trade and settle in the United States. Cowen, as part of its Principal American Liaison (PAL) sponsorship, has been retained to provide a range of capital markets services as well as fulfill ongoing PAL compliance for Thinfilm's listing on OTCQX International. Cowen's suite of services distinguishes its PAL sponsorship program by providing the highest level of client service, integration and coordination among the firm's institutional sales, trading, research and investment banking departments.
"As Thinfilm's PAL, Cowen will provide ongoing capital markets support and advisory services in the US. We are very pleased to be working with Thinfilm on its OTCQX quotation," said Chris Weekes, managing director and head of the International Markets Group at Cowen.
Investors can find current financial disclosure and Real-Time Level 2 quotes for Thinfilm on www.otcmarkets.com.
Financial disclosure and other information about the Company are also available at www.thinfilm.no.
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, 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 sales offices in the United States, Japan, and Singapore. For more information, visit www.thinfilm.no or follow us on Twitter @ThinfilmMemory.
About Cowen and Company
Cowen and Company offers comprehensive investment banking services, including equity, equity-linked and debt financings and mergers and acquisitions advisory services. In addition, we offer our clients access to world-class research, as well as institutional sales and trading services. Drawing upon the depth of our research and industry knowledge, we specialize in the key areas of growth in our economy. Our industry sector expertise includes Health Care, Technology, Media & Telecommunications, Consumer, Energy, Metals and Mining, Aerospace & Defense and Transportation. In addition, we offer extensive and focused aftermarket trading services as a leading market maker in our target sectors. For more information regarding Cowen, please visit www.cowen.com
About OTCQX International
OTCQX is the best marketplace for established, global and growth companies operated by OTC Markets Group. To qualify for the OTCQX marketplace, companies must meet high financial standards, demonstrate compliance with U.S. securities laws, be current in their disclosure, and be sponsored by a professional third-party advisor. The companies found on OTCQX are distinguished by the integrity of their operations and diligence with which they convey their qualifications. For more information, please visit www.otcmarkets.com.
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For more information on Thinfilm please contact:
Bill Cummings Jennifer Smith
Thin Film Electronics ASA Blanc & Otus for Thin Film Electronics ASA
VP, Marketing & Communications +1 415 856 5152
+1 408-503-7312 jsmith@blancandotus.com
bill.cummings@thinfilm.no www.blancandotus.com