Thin Film Electronics ASA unveiled the next phase of its strategy to support the commercialization of the Company’s premium microbattery products based on solid-state lithium battery (“SSLB”) technology. To support the commercialization of Thinfilm SSLB technology, Thinfilm announced the hiring of two battery industry experts, Louis Golato joined Thinfilm as vice president, operations and will lead manufacturing scale-up activities related to roll-based solid-state lithium battery manufacturing. Thinfilm’s roll-to-roll production capability in San Jose, California is unique in the SSLB industry and is essential to achieving manufacturing scale in support of the Company’s target applications. Most recently, he served as vice president, manufacturing and operations at grid-scale energy storage company VionX Energy and previously served in executive roles at Stion Corporation and A123 Systems, where he was responsible for launching multiple lithium-ion battery factories worldwide. Tim Powers joined Thinfilm as senior director, applications engineering and business development and will lead the Company’s customer engagement, qualification, and support initiatives. Powers brings years of direct experience in Thinfilm target markets and will apply his expertise to all aspects of the Company’s go-to-market activities. Previously, as vice president, business development and director, applications engineering at ZPower, Powers led customer engagement and design-in activities for novel rechargeable microbatteries, resulting in pioneering design wins and rapid revenue growth in the hearables and medical device industries.