Thinfilm Receives 2016 IoT Evolution

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OSLO, Norway–(BUSINESS WIRE)– Thin Film Electronics ASA (“Thinfilm”) (OSE: THIN.OL; OTCQX:TFECY), a global leader in printed electronics and smart systems, today announced it has been named the recipient of a 2016 IoT Evolution Asset Tracking Award for OpenSense™, its revolutionary NFC (Near Field Communication) product.

The award was given by IoT Evolution World and IoT Evolution Magazine, leading print and online publications covering the broader “Internet of Things” marketplace. It honors “excellence in innovation utilizing IoT technologies to automate the asset tracking functions to increase efficiencies, reduce theft, or optimize utilization of the asset.”

Other companies receiving the award for 2016 include AT&T, Impinj, BioLife Solutions, and Sprint.

“We have a great ecosystem at the heart of IoT, and the IoT Evolution Asset Tracking Award highlights innovation within asset management,” said Carl Ford
, CEO & Community Developer for IoT Evolution. “In selecting the winners, I have been impressed with the ingenuity and real-world application of the award winning products.”

OpenSense tags are thin, flexible labels that can detect both a product’s “factory sealed” and “opened” states and wirelessly communicate with the tap of an NFC-enabled smartphone. The tags, which are virtually impossible to clone, contain unique identifiers that make it possible to authenticate products and track them to the individual-item level using powerful software and analytics tools. In addition, the tags remain active even after a product’s factory seal has been broken, empowering brands to extend a targeted dialogue with manufacturers, supply chain partners, retailers, and consumers alike.

“Thinfilm is pleased to receive this award, especially given its focus on technology innovation for IoT-related applications,” said Davor Sutija, CEO of Thinfilm. “Whether verifying that a product has not been tampered with throughout the supply chain, validating its authenticity, or confirming its continuous sealed state, OpenSense helps businesses take asset tracking to an entirely new level.”

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).

 

View source version on businesswire.com: http://www.businesswire.com/news/home/20160908005536/en/

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