Edison Issues ADR Update on Thin Film Electronics

Jul 07, 2016, 09:58 ET from Edison Investment Research

LONDON, July 7, 2016 /PRNewswire/ --

Thinfilm (THIN) has announced a new deal with a Fortune 500 pharma firm to create an NFC OpenSense platform for medical devices. The deal comes in the wake of three other NFC-related milestones in Q2: the first pilot delivery of NFC OpenSense tags for placing on metal and foil packaging for another Fortune 500 firm, a partnership with Hopsy to incorporate NFC into locally produced craft beers in the US, and another for incorporating NFC SpeedTap into Maria & Donato luxury handbags. We see the strong and growing list of partnerships with global scale companies as very positive for the group's plans to successfully upscale production in 2017 and to create more successful production licensing deals.

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Thin Film Electronics (Thinfilm) commercializes printed electronics and owns key patents for printing rewritable, non-volatile memory and printable NFC circuits. It also licenses technology from others to develop complete printed systems.

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