Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  6. News
  7. Summary


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

THIN FILM ELECTRO : PARC, a Xerox company, takes minority stake in Thinfilm

03/24/2011 | 02:05am EDT

PARC, a Xerox company, is taking a minority stake in Thin Film Electronics ASA ("Thinfilm") as part of the collaboration between the two companies.

PARC will be issued 1,663,680 million new shares equal to NOK 2,785,000 through a private placement.  The subscription price of NOK 1.674 per Thinfilm share equals the average closing share price for the last ten trading days up to and including 22 March 2011.

This capital increase is within the 20% authorization to issue new shares provided to the Board of Thinfilm by the AGM. Following consummation of the private placement, Thinfilm's share capital will be increased to NOK 30,831,909.46 consisting of 280,290,086 shares outstanding, each with a par value of NOK 0.11.

24 March 2011
Thin Film Electronics ASA

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 the largest segment 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.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Thin Film Electronics ASA via Thomson Reuters ONE


All news about THIN FILM ELECTRO
2011THIN FILM ELECTRO  : InkTec Opens Dedicated Production Facility for Thinfilm Mem..
2011THIN FILM ELECTRO  : film Unlocks Encrypted Market With New Printed Memory
2011THIN FILM ELECTRO  : film Opens Japan Office
2011THIN FILM ELECTRO  : - Share capital increase registered
2011THIN FILM ELECTRO  : - Share issue to employees
2011THIN FILM ELECTRO  : - Disclosure of large shareholdings
2011THIN FILM ELECTRO  : - Mandatory notice of trades
2011THIN FILM ELECTRO  : - Mandatory notice of trade
2011THIN FILM ELECTRO  : - Shares as board remuneration
2011THIN FILM ELECTRO  : film Annual General Meeting Held
More news