Thin Film Electronics ASA ("Thinfilm") of Oslo, Norway, announces today that Thinfilm has received the 2007 Frost & Sullivan - European Printed Electronics Technology Innovation Award.

 

Based on recent research and analysis of the European Printed Electronics market, global growth consultancy company Frost & Sullivan recognizes Thinfilm with the 2007 Frost & Sullivan Printed Electronics Technology Innovation Award for Thinfilm's pioneering contribution in the use of polymers as the active material in electronic memory devices.

 

"The most promising prospect of Thinfilm's polymer memory lies in the fact that it is possibly the only non-volatile memory that can be fabricated entirely by printing methods thereby being the prime candidate for printed embedded memory applications as well as printed stand-alone applications" says Rashmi Sundararajan Research Analyst, Technical Insights at Frost & Sullivan.

 

"We are honoured to receive this prestigious award from Frost & Sullivan", says Thinfilm's CEO, Johan Carlsson. "With this Award, Frost & Sullivan has after their research and analysis of the market, recognized that our technology will play a leading role in a wide range of new applications such as fully printed RFID-tags, smart labels, smart packaging, toys, displays, antifraud tags, electronic game cards, and IDs where a memory is needed and where a wider variety of form factors, including thin, flexible substrates are required."

 

Each year Frost & Sullivan presents this Award to the company that has carried out new research, which has resulted in innovation(s) that have or are expected to bring significant contributions to the industry in terms of adoption, change, and competitive posture. The Award recognizes the quality and depth of a company's research and development program as well as the vision and risk-taking that enabled it to undertake such an endeavour.

 

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

 

Printed Electronics is a new, emerging industry that takes advantage of printing technologies to manufacture electronics with a wider variety of form factors, including thin, flexible substrates.  Through the use of proprietary printing techniques, these electronic circuits can be manufactured at high efficiency and very high volumes when compared to traditional electronics.  This enables electronic functionality in a whole new family of products such as medical and consumer disposables, cards, labels, RFID tags, toys and games.

 

Thin Film Electronics, an Oslo, Norway-based Company with R&D facilities operated by its wholly owned subsidiary Thin Film Electronics AB in Linkoping, Sweden, is the pioneer in the use of functional polymer materials for non-volatile memory applications.  Dense functional memories have been demonstrated using both traditional processing for silicon-based chips and more recently printing. Thinfilm delivers printed memory today and, with customers like Weyerhaeuser, will deliver integrated printed electronics tomorrow. Thin Film Electronics ASA (Ticker: THIN) is listed on the Oslo Axess. For more information on Thinfilm, visit www.thinfilm.se.

 

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.awards.frost.com.

 

 

Johan Carlsson

CEO

+46 13 460 24 01

 

Jasmine Malone

+44 207 915 7869
jasmine.malone@frost.com

 

Enclosure: 2007 European Printed Electronics Technology Innovation Award