Year-Long Project Will Extend Scope and Versatility of
Thinfilm's Printed Electronics Technology and Smart Label Platform
San Jose, Calif., October 22, 2015 - Thinfilm Electronics, Inc. ("Thinfilm") (OSE: THIN.OL; OTCQX: TFECY), the US subsidiary of a global leader in printed electronics and smart systems, today announced it will receive $350,000 in funding through the FlexTech Alliance to create smart labels featuring next-generation sensors and Near Field Communications (NFC) capabilities. Through the project, Thinfilm plans to extend the scope and versatility of its proprietary technology and smart label platform, while maintaining alignment with established processes for high-volume label manufacturing.
FlexTech Alliance is a leading industry association focused on growth, profitability, and success throughout the manufacturing and distribution chain of flexible, printed electronics. Its R&D program supports development of a manufacturing supply chain.
"FlexTech is excited about the advancements this important project will bring about in smart labels and their dynamic sensing functionality," said Michael Ciesinski, FlexTech Alliance President and CEO. "We're pleased to award this funding to a leader in the printed electronics industry and look forward to working closely with Thinfilm over the coming months."
The thin, flexible smart labels produced by Thinfilm as a result of this project will incorporate one or more sensors that dynamically detect, measure, and report on a range of environmental phenomena.
"Our project with FlexTech is a significant step in creating the foundation for a next-generation sensor label capable of supporting a number of critical applications," said Erwan Le Roy, Senior Vice President & General Manager, Smart Sensors, for Thinfilm. "FlexTech Alliance has been at the forefront in advancing flexible electronics from R&D to commercialization. We look forward to our work together over the next year, which will further strengthen our relationship and advance Thinfilm's mission of making everyday objects smart."
About Thin Film Electronics ASA
Thinfilm is a leader in the development and commercialization of printed electronics and smart systems. The first to commercialize printed, rewritable memory, the Company is creating printed systems that include memory, sensing, display, and wireless communication (NFC), all at a low cost unmatched by traditional electronic technologies. 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, Hong Kong and Singapore. For more information, visit www.thinfilm.no
About FlexTech Alliance
FlexTech Alliance, a SEMI Strategic Partner, is devoted to fostering the growth, profitability and success of the flexible and printed electronics supply chain, and the many application areas enabled by this new class of electronic intelligence. FlexTech facilitates collaboration between and among industry, academia, and research organizations through its management of several organizations, including, NextFlex, NBMC and LIPA.
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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
For more information on FlexTech please contact:
Heidi Hoffman, Senior Director
FlexTech Alliance
+1 408-577-1300
heidi.hoffman@flextech.org