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Thinfilm to Receive Funding from European Commission to Participate in Research Consortium on Printed Electronics
[May 22, 2015]

Thinfilm to Receive Funding from European Commission to Participate in Research Consortium on Printed Electronics


Thin Film Electronics ASA ("Thinfilm") (OSE:THIN.OL; OTCQX:TFECY), a leader in the development and commercialization of printed electronics and smart systems, today announced that it has been selected by the European Commission to participate in a group research and innovation initiative focused on the advancement of printed electronics technology. Based on its participation, Thinfilm will receive €444,000 from the European Union's "Horizon 2020" research and innovation program.

Formally known as ATLASS - Advanced high-resolution printing of organic Transistors for Large-Area Smart Surfaces - the project will involve a number of collaboration partners working in concert to address materials, cost, scale and performance drivers in high-resolution print technologies. The program is led by Merck Chemicals LTD and, in addition to Thinfilm, involves a number of other leading organizations, including CEA, VTT and Joanneum Research.

Thinfilm is pleased to have been selected as a key contributor for this important project," said Davor Sutija, Thinfilm's chief executive officer. "We're excited to collaborate with Merck Chemicals LTD and other industry leaders and look forward to helping drive the program's success. We thank the European Commission for this valuable opportunity."



Horizon 2020 is the largest EU Research and Innovation program ever with nearly €80 billion of funding available over seven years (2014 to 2020). It promises more breakthroughs, discoveries and world-firsts by taking great ideas from the lab to the market. Horizon 2020 is also the financial instrument behind the Innovation Union, a Europe 2020 flagship initiative aimed at securing Europe's global competitiveness.

About Thin Film Electronics ASA


Thinfilm is a leader in the development and commercialization of printed electronics and smart systems. The first to commercialize printed, rewritable memory, the Company is creating printed systems that include memory, sensing, display, and wireless communication, all at a low cost unmatched by any other electronic technology. Thinfilm's roadmap integrates technology from a strong and growing ecosystem of partners to enable the Internet of Everything by bringing intelligence to disposable goods.

Thin Film Electronics ASA ("Thinfilm") is a publicly listed Norwegian company with headquarters in Oslo, Norway; product development and production in Linköping, Sweden; product development, production, and business development in San Jose, California, USA; and sales offices in the United States, Japan and Singapore. For more information, visit http://www.thinfilm.no or follow us on Twitter (News - Alert) @ThinfilmMemory.


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