06/07/2016 07:30:34

Thinfilm Partners with Leading Global Pharmaceutical Company to Create NFC Technology Platform for Medical Devices

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Partners Will Leverage NFC OpenSense to Drive Patient Adherence and Enhance Communication 

OSLO, Norway, July 6, 2016 - Thin Film Electronics ASA ("Thinfilm") (OSE: THIN.OL; OTCQX: TFECY), a global leader in printed electronics and smart systems, today announced that it has entered into an agreement with a Fortune 500 pharmaceutical firm to create an NFC OpenSense(TM) platform for medical devices.

The partners will leverage Thinfilm's proprietary NFC technology as a means to improve patient adherence and enhance communication between patients and their caregivers.   

"Lack of compliance among patients is a critical issue globally, and industry leaders are looking for effective solutions," said Davor Sutija, Thinfilm's CEO. "Our partnership with one of the world's leading pharma companies is focused on delivering such a solution by making medical devices smart. We are very excited about the role NFC OpenSense can play in helping doctors and other caregivers improve patient outcomes."

The pharmaceutical partnership follows several important milestones achieved by Thinfilm in the second quarter of 2016, including:

  • The first pilot order delivery of NFC OpenSense tags with ferrite shields to a Fortune 500 client (ferrite enables NFC technology to function properly when placed on packaging that contains metal or foil)

  • A completed order delivery for EAS (electronic article surveillance) tags to Nedap, and the receipt of a new order for further processing from dry to wet inlays 

  • A partnership with Hopsy, the USA's first local craft beer marketplace and beer delivery service, to integrate NFC technology into a variety of locally produced craft beers across the United States

  • A partnership with Maria & Donato, a craftsman leather-goods manufacturer based in Spain, to integrate NFC SpeedTap(TM) tags into Maria&Donato's exclusive handbag collections

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.

###

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

For more information on Thinfilm please contact:

Bill Cummings

SVP, Corporate Communications

Thin Film Electronics ASA

+1 408-503-7312              

bill.cummings@thinfilm.no                                            

Jennifer Pierce

Blanc & Otus for Thin Film Electronics ASA

+1 415 856 5152

jennifer.pierce@blancandotus.com

www.blancandotus.com  

 


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions 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

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