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2016-09-12

Thin Film Electronics ASA: Thinfilm Progresses with Expansion Plans in US and China

Successfully Completes Surveillance Audit in Process to Maintain ISO 9001:2008
Certification

OSLO, Norway, September 12, 2016 -Thin Film Electronics ASA("Thinfilm") (OSE:
THIN.OL; OTCQX: TFECY), a global leader in printed electronics and smart
systems, today announced key progress on several strategic initiatives
related to a new US facility, business expansion in China, and its Quality
Management program.

In May, Thinfilm announced its intent to lease a new, state-of-the-art
production facility and communicated plans to relocate its current US
headquarters to the new building in early 2017. The planned upgrade, which
features a significantly larger manufacturing clean room, enables Thinfilm to
support its plans to scale current production and implement a high-volume
roll-to-roll manufacturing line. Thinfilm expects to gain access to the
building in October, subject to approval from municipal authorities and the
final agreement between the seller and the developer. In addition, Thinfilm
has signed a lease with the developer, hired an architect and general
contractor, and is making preparations to begin with construction and related
tenant improvements.

Thinfilm has also taken steps to expand its sales and business development
operations in China. The expansion is in response to growing interest among
Asia-based businesses in Thinfilm's NFC (Near Field Communication)
technology, particularly SpeedTap(TM) and OpenSense(TM). The initiative gives
Thinfilm a valuable sales and business development presence in China, enables
the Company to leverage local manufacturing support, and improves its overall
ability to successfully conduct business in the APAC region.

As part of its ongoing commitment to quality, Thinfilm successfully completed
a surveillance audit as part of a required process to maintain the firm's ISO
9001:2008 certification. The certification is an industry standard that
verifies the integrity of an organization's Quality Management Systems (QMS)
and recognizes its ability to meet customers' quality requirements while
continually improving operational processes. The recent, two-day onsite audit
by a leading ISO registrar rigorously examined Thinfilm's current business
practices and processes, and the positive results reflect the continuous
improvements made to Thinfilm's QMS.

About Thin Film Electronics ASA

Thinfilm is a leader in the development and commercialization of printed
electronics. 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, Hong
Kong, and Singapore. For more information, visit www.thinfilm.no.

# # #

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act).

For more information on Thinfilm please contact:
Bill Cummings

SVP Corporate Communications
Thin Film Electronics ASA
+1 408-503-7312

bill.cummings@thinfilm.no

Jennifer Pierce
Blanc&Otus for Thin Film Electronics ASA
+1 415-856-5152
jennifer.pierce@blancandotus.com

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Thin Film Electronics ASA via Globenewswire

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