Lease completed on new ex-Qualcomm plant
Thinfilm (THIN) has announced that it has completed on the lease of its new US plant, a former Qualcomm facility located in San Jose, which covers 93,000 square foot, with a 22,000+ square foot clean room in a 5.4 acre site. The company has announced that it will install a roll-based production line that will add front-end production capacity of five billion NFC OpenSense (OS) and NFC SpeedTap (ST) tags per year - equivalent to up to $680m in annual revenue, according to management.Thin Film Electronics is an electronics group based in Norway. Co. is engaged in the development of printed electronics. Co. commercializes printed rewritable memory and creates printed system products that include memory, sensing, display and wireless communication. Co.'s products include memory labels, storing digital data on a thin, rewritable label; brand protection solutions, consisting of adhesive labels that generate a distinct forensic electrical signature; sensor labels, which sense information and store data; display labels, low cost display media to communicate the information stored in the ThinFilm Memory; and NFC Smart Labels.
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