Tag Conversion and Commercial Application of Labels Now Underway; Pilot-Order Deliveries to Continue In Q1 2016
OSLO, Norway, December 10, 2015 - Thin Film Electronics ASA ("Thinfilm") (OSE: THIN.OL; OTCQX: TFECY), a global leader in printed electronics and smart systems, today announced that the Company has started delivering NFC OpenSense(TM) tags to lead customers for conversion and application to bottles and medical devices. The deliveries, which are connected to orders received earlier this year, mark a critical milestone in the roadmap for the commercial launch of NFC OpenSense and demonstrate Thinfilm's ability and commitment to produce leading-edge "smart packaging" solutions for its clients.
"The start of deliveries on these pilot orders is a significant accomplishment for Thinfilm and an important step in getting products containing NFC OpenSense to market." said Davor Sutija, Chief Executive Officer for Thinfilm. "We expect to see NFC-enabled products with Thinfilm's OpenSense technology reach market early in 2016."
The NFC OpenSense tag deliveries follow several important milestones Thinfilm has achieved over the second half of 2015, including:
- The launch of the Ferngrove "smart wine bottle" - the industry's first intelligent wine bottle powered by printed electronics - in partnership with G World at Mobile World Congress Shanghai
- The receipt of a 5-figure unit order for NFC OpenSense tags from Diageo, the world's largest spirits company
- The announcement by Ypsomed, a leading global developer and manufacturer of injection systems for self-medication, to incorporate NFC OpenSense into its YpsoMate® Smart autoinjector and name Thinfilm as a lead technology partner in its efforts to incorporate intelligence across its product line
- The launch by Xerox, Thinfilm's manufacturing scale-up partner, of two new products featuring Thinfilm's printed memory technology
About Thin Film Electronics ASA
Thinfilm is a leader in the development and commercialization 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, Hong Kong, and Singapore. For more information, visit www.thinfilm.no.
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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