Update: $23m investment approved
Thinfilm’s industry profile has grown considerably over the last few months and it is increasingly being seen as a leader in the field of printed electronics. It was named winner in the 2014 CTIA Emerging Technology awards and CEO Davor Sutija has been selected as keynote speaker for the 2015 Mobile World Congress. The balance sheet has also been strengthened by the $23m investment by Ferd AS. Q3 sales were slightly lower than expected however, and the lack of any new order or scale-up partner announcements means we have pushed back our scale-up expectations and lowered revenue forecasts.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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