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2015-05-22

Thin Film Electronics ASA: Thinfilm to Receive Funding from European Commission to Participate in Research Consortium on Printed Electronics

Thinfilm to Collaborate on Advanced High-Resolution Printing of

Organic Transistors for Large-Area Smart Surfaces

OSLO, Norway, May 22, 2015 -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 theEuropean Commissionto 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 withMerck Chemicals LTDand 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 theInnovation Union, aEurope 2020flagship 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, visithttp://www.thinfilm.noor follow us
on Twitter@ThinfilmMemory.

###

For more information on Thinfilm please contact:
Bill Cummings
Jennifer Smith
Thin Film Electronics ASA
Blanc&Otus for Thin Film Electronics ASA
VP, Marketing&Communications +1 415 856 5152
+1 408-503-7312
jsmith@blancandotus.com

bill.cummings@thinfilm.no
www.blancandotus.com

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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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