THIN FILM ELECTRO 
By Thin Film Electronics ASA ("Thinfilm") to receive funding from Innovation Norway's Industrial Research and development Program ("IFU") to develop next generation printed memories.
The NOK 3 million Innovation Norway grant will support the development of higher-density printed memories with printed logic circuitry, the Thinfilm Adressable MemoryTM. Addressable Thinfilm Memory products can be integrated with other printed elements to create fully printed systems, such as ID tags, smart sensors, and disposable price labels.
"A wave in consumer applications involving mobile devices and embedded electronic tags is about to arrive. These applications are waiting for printed memory technology to be ready," says Davor Sutija, Thinfilm CEO.
Innovation Norway's Industrial Research and development Program (In Norwegian: Industrielle forsknings- og utviklingskontrakter - IFU) is a strategic grant scheme offered to Norwegian industry and the public sector. The objective is to promote the development of new products, services, and solutions for both the national and international market.
Thinfilm Addressable Memory prototypes are expected later this year, as the IFU project's first goal. Transfer to large-scale production, expected in 2012, is also planned.
For further information, please contact:
Geir Harald Aase, VP Communications: +47 480 37 571/geir.aase(a)thinfilm.no
About Thinfilm
Thin Film Electronics ASA ("Thinfilm") is a publicly-listed Norwegian technology company with its head office in Oslo and product development in Linköping, Sweden. Thinfilm is a pioneer in the field of Printed Electronics, and provides fully-printed non-volatile, rewritable memory for applications in toys & games, logistics, sensor, and ID systems.
About Printed Electronics
The Printed Electronics market is expected to grow to more than USD 50 billion in annual market value over the next ten years, according to industry analyst group IDTechEx. IDTechEx predicts that logic, including addressable memory, will be one of the largest segments in this market.
Using printing to manufacture electronic memory makes it possible to reduce the number of process steps, resulting in dramatically lower manufacturing costs, and also reduced environmental impact as compared to traditional semiconductor processes. Commercial applications of printed electronics include e-paper, electronic readers, and organic light emitting (OLED) displays. Sensors, batteries, and photovoltaic energy sources are also in development, and together with Thinfilm's memory technology they will open the door to new products and applications, for example, in the field of RFID systems.
Memory is an essential part of most electronics. Memory is required for identification, tracking status, and history, and is used whenever information is stored. Thinfilm's non-volatile ferroelectric polymer memory technology is well suited for application with other printed electronics devices because power consumption during read and write is negligible, and as the memory is permanent, no connection to external power is required for data detainment. Also, the electric current required to write information is so small that operation would be limited by the battery's lifetime and not its capacity.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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Source: Thin Film Electronics ASA via Thomson Reuters ONE
