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    THIN   NO0010299068

THIN FILM ELECTRONICS ASA

(THIN)
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Thin Film Electr. : First commercial order for Thinfilm Toy Development Kit

12/15/2010 | 02:35am EDT

Major Japanese toy manufacturer has ordered the Thinfilm Toy Development Kit.

 

Thin Film Electronics ASA ("Thinfilm") has received and accepted an order from one of the world's leading toy manufacturers for the Thinfilm Toy Development Kit, which was launched on December 2, 2010.

 

The Thinfilm Toy Development Kit contains a hand-held reader/writer for memory-labeled cards, samples of the newly developed Thinfilm Memory Controller(TM), and tags with Thinfilm Memory(TM).  The Thinfilm Memory Controller is an application-specific integrated circuit (ASIC). The kit also includes instructions for programming.

 

The Thinfilm Toy Development Kit is available for immediate delivery by qualified designers and customer partners.

 

Thinfilm is also developing a reference playground-ready interactive hand-held game that demonstrates how kids can engage with playing card characters both offline and online. Re-writability allows saving of status, scores, and evolution of avatar personalities.

 

For further information, please contact:
Geir Harald Aase, VP Communications: +47 480 37 571/geir.aase(at)thinfilm.no

 

About Thinfilm and Printed Electronics
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.

 

The Printed Electronics market is still in its early stages, and according to industry analyst group IDTechEx, is expected to grow to more than USD 50 billion in market value over the next ten years. IDTechEx predicts that logic (i.e., memory and transistors) will be the largest segment in this market.

 

Using printing to manufacture electronic memory makes it possible to reduce the number of process steps, dramatically reduce manufacturing costs, as well as the 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.

 

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (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


HUG#1472574


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Financials
Sales 2020 0,49 M - -
Net income 2020 -39,1 M - -
Net Debt 2020 20,4 M - -
P/E ratio 2020 -5,60x
Yield 2020 -
Capitalization 112 M 112 M -
EV / Sales 2019 50,8x
EV / Sales 2020 175x
Nbr of Employees 23
Free-Float 59,1%
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Managers and Directors
NameTitle
Kevin D. Barber Chief Executive Officer
David Williamson Chief Financial Officer
Morten Opstad Chairman
Arvind Kamath EVP-Technology Development & Manufacturing
Shannon Fogle VP-Global Human Resources & Administration
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