Xerox Demonstrating Printed Memory Product Featuring Thinfilm's Technology at World's Largest Printing Equipment Exhibition

Drupa Event Serves as Global Showcase for State-of-the-Art Printing Technologies and Solutions     

(OSLO, Norway) June 8, 2016 - Thin Film Electronics ASA ("Thinfilm") (OSE: THIN.OL; OTCQX: TFECY), a global leader in printed electronics and smart systems, today announced that Xerox is demonstrating its Xerox® Printed Memory product at Drupa, the world's largest printing equipment exhibition. This year's event runs from May 31 through June 10 and takes place in Düsseldorf, Germany.

Manufactured via a printing process, Xerox® Printed Memory adds low-cost intelligence to objects or packaging by printing thin circuitry on a flexible substrate. The non-volatile memory is delivered in small flexible labels, a form factor that provides a wide range of design freedom not offered in other solutions. The labels can be placed on products at any stage of the manufacturing or supply-chain process.

Xerox® Printed Memory labels can store up to up to 36 bits of information, which enables 68 billion distinct data combinations. Everything from lot codes and serial numbers to expiration dates and geographic IDs can be stored on the labels, and the data is preserved until overwritten within a 10-year span.

The labels are an ideal solution for brand protection needs across a range of industries, particularly pharmaceuticals, government, and other verticals concerned with gray market sales, counterfeiting and supply chain integrity. Brands can also add in optional tamper-evident adhesives and a cryptographic feature that includes barcodes or QR codes, making the Xerox® Printed Memory offering one of the most tamper-proof, anti-counterfeit solutions on the market.

Xerox® Printed Memory labels also effectively address "smart consumable" space to protect and increase the revenue of product refills. Because the labels can interact with dispensing device, brands or manufacturers are able able to count, record time, calibrate, and provide other usage information associated with a refill cartridge or unit. Segments such as pharmaceuticals, healthcare, beauty products, appliances, and food and beverage can benefit by offering a more convenient, intelligent customer experience while increasing revenue.

In January of 2015, Xerox licensed Thinfilm's proprietary technology to manufacture Xerox® Printed Memory - the only printed, rewritable memory commercially available today. Thinfilm completed the technology transfer to Xerox in the first quarter of 2016. To produce the memory labels, Xerox is modifying a production line in one of its existing facilities in Webster, New York.

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, 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 .

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For more information on Thinfilm please contact:

Bill Cummings
SVP, Corporate Communications
Thin Film Electronics ASA
+1 408-503-7312

Jennifer Pierce
Blanc & Otus for Thin Film Electronics ASA
+1 415-856-5152

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

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Source: Thin Film Electronics ASA via GlobeNewswire