OSLO, Norway, November 2, 2016 - Thin Film Electronics ASA ("Thinfilm") today announced that it has received a six-figure order for NFC OpenSense(TM) tags from a leading Asian packaging firm. The firm specializes in providing a broad range of packaging solutions to the tobacco market. Discussions for related pilots and field trials, which are expected to take place in the first half of 2017, are in progress.
"Thinfilm sees tremendous opportunity in Asia and the greater China markets, and our establishment of a China subsidiary is in direct response to the growing interest we see in our NFC solutions from Asia-based businesses," said Davor Sutija, Thinfilm's CEO. "This order from the tobacco segment signifies the growing importance of Near Field Communication technology in this vertical and the key role it will play in helping brands to connect directly with consumers through omni-channel mobile marketing."
OpenSense tags are thin, flexible devices that integrate with a product's packaging or label and can be read with the tap of an NFC-enabled smartphone. Each tag is uniquely identifiable, virtually impossible to clone, and can detect a product's "factory-sealed" and "opened" states. Once tapped, the tag wirelessly communicates with the cloud, enabling brands to connect directly with their customers and instantly deliver personalized content and product information verifying authenticity.
NFC World recently reported that Near Field Communication will lead a sharp rise in the global smart packaging market and cited a report by Grand View Research. The report states that growth in NFC will be driven, in large part, by increasing demand from businesses in Asia Pacific.
In September Thinfilm announced it had taken steps to expand its sales and business development operations globally. The expansion is in direct response to growing interest in Thinfilm's NFC offering, particularly SpeedTap(TM) and OpenSense tags.
About Thin Film Electronics ASA
Thinfilm is a leader in printed electronics and NFC smart packaging solutions. The first to commercialize printed, rewritable memory, the Company today creates printed tags, labels and systems that include memory, sensing, display, and wireless communication - all at a cost-per-function unmatched by conventional electronic technologies. Thinfilm's roadmap integrates technology from a strong and growing ecosystem of partners to bring intelligence to everyday items and effectively extend the traditional boundaries of the Internet of Things.
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:
SVP Corporate Communications
Thin Film Electronics ASA
Blanc & Otus for Thin Film Electronics ASA