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THIN 16.11.2018 kl 08:40 7427

08:30
OSLO, Norway, November 16 2018 -Thin Film Electronics ASA (Thinfilm) (OSE:
THIN; OTCQX: TFECY), a global leader in NFC (Near Field Communication) mobile
marketing solutions, today announced it has received the IDTechEx Technical
Development in Manfacturing award in recognition of Thinfilms pioneering
roll-to-roll printed electronics fab in San Jose.

The IDTechEx Awards, presented as part of the Printed Electronics USA 2018
conference, recognize company development and success in the field of printed
electronics. The Technical Development in Manufacturing award recognizes the
most significant development of a manufacturing device, process, or
production plant in the industry over the last 24 month. Award recipients
must demonstrate the optimization of a lab-scale or mass-scale production
process by improving productivity, quality, reliability, uniformity, or
scale.

Thinfilms Junction Avenue facility features a 22,000 sq-ft printed
electronics factory, the worlds first production roll-to-roll (R2R) printed
electronics line using stainless steel substrates. The fab, designed for an
annual production capacity of up to seven billion units, is optimized to
enable production of low-cost, mechanically robust devices enabling
high-volume applications, including NFC (near field communication) for mobile
marketing, authentication, and supply chain services. Based on capital
expenditures of approximately $36 million, the production equipment cost is
multiple orders of magnitude below that of a conventional silicon fab.

The Junction Avenue project represents a significant technical achievement on
multiple levels. Together with a global network of equipment manufacturers,
Thinfilm developed a complete line of capital equipment capable of volume
production based on a unique roll-to-roll process. Installation of the line
commenced in late 2017, and Thinfilm recently announced the successful
completion of the first fully roll-processed lots, featuring Thinfilms
Electronic Article Surveillance (EAS) anti-shoplifting technology. Beyond
EAS, the factory is designed to roll-process mixed-signal ICs for the Near
Field Communication (NFC) market, with initial lots expected to be complete
in the first half of 2019.

Thinfilm is honored to receive the Technical Development in Manufacturing
award in recognition of the successful bring-up of our San Jose fab, a
best-in-class facility for billion-scale volume production of roll-to-roll
printed ICs, said Dr. Davor Sutija, CEO, Thinfilm. By combining the
scalability, cost effectiveness, and robustness of printed electronics with
the flexibility of pre-integrated cloud-based software, Thinfilm is focused
on NFC mobile marketing and supply chain solutions enabling the Internet of
Everything for brands, retailers, and industrial users.

About Thin Film Electronics ASA

Thinfilm is enabling the Internet of Everything through our NFC (near field
communications) solutions. We provide consumer-focused NFC mobile marketing
as well as industrial and supply chain solutions, including blockchain
applications. Thinfilm provides end-to-end support throughout the entire
process. This starts with the manufacturing of NFC tags through our
ground-breaking, roll-to-roll printed electronics production process,
integration support to get those tags on physical objects, and our CNECT(TM)
cloud-based software platform which captures data and provides actionable
insights into consumer behavior and business logistics.

Thin Film Electronics ASA is a publicly listed company in Norway with global
headquarters in Oslo, Norway; US headquarters in San Jose, California; and
offices in Linköping, Sweden; San Francisco; London; Singapore; and Shanghai.
For more information, visitwww.thinfilmNFC.com

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act).

For more information on Thinfilm, please contact:
Andrew Scott
VP Marketing
Thinfilm
+1 408 503 7366
andrew.scott@thinfilmNFC.com

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.


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This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Thin Film Electronics ASA via Globenewswire


© GlobeNewswire

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