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2016-02-11

Thin Film Electronics ASA: Thinfilm Receives Order from Global FMCG Leader for NFC SpeedTap Tags

Delivery of 5-Figure Unit Order to be Completed in H1 2016; Interest in

Thinfilm's NFC Solutions Product Line Continues to Grow
OSLO, Norway, February 11, 2016 -Thin Film Electronics ASA("Thinfilm") (OSE:
THIN.OL; OTCQX: TFECY), a global leader in printed electronics and smart
systems, today announced that it received a 5-figure unit order forNFC
SpeedTap(TM) tags from a leading global FMCG (fast moving consumer goods)
brand. The client is working closely with Thinfilm on conversion and product
application initiatives, and discussions for future field trials are
underway. The total sales volume of the client is several billion units
annually.

Including this purchase, Thinfilm has now received pilot orders for its NFC
Solutions products from companies spanning several targeted verticals,
including wine and spirits, specialty foods, pharmaceutical packaging,
tobacco, and medical devices. The Company expects NFC-enabled products
featuring Thinfilm'sOpenSense(TM) technology to reach the market in H1 2016.

"Interest in our NFC Solutions product line continues to grow," said Davor
Sutija, Chief Executive Officer for Thinfilm. "This pilot order for NFC
SpeedTap - from a leading global FMCG brand - highlights Thinfilm's product
diversity and is a testament to the Company's ability to create NFC-based
smart-packaging solutions for a range of vertical markets. The interest in
NFC solutions from global leaders in the verticals we are targeting continues
to be significant."

The order for NFC SpeedTap follows several important milestones achieved by
Thinfilm since December:

* The first deliveries of NFC OpenSense tags to lead customers for conversion
and application to bottles and medical devices
* A commercial partnership with Jones Packaging Inc., to integrate NFC
OpenSense technology into pharmaceutical packaging and establish key
manufacturing processes for production on Jones' high speed lines
* A case study published by leading medical device manufacturer, Ypsomed,
that referenced Thinfilm's NFC OpenSense offering as a lead
adherence-improvement technology in its YpsoMate® Smart autoinjector pen
* A global alliance with Tata Consultancy Services to create the "Next
Experience in Retail" through a powerful combination of Thinfilm's NFC
technology and Tata's comprehensive portfolio of retail solutions
* A grant of EUR 472,312 (approx. USD 511,000) from the European Commission
to fund the "TagItSmart" project, through which Thinfilm will partner with
Unilever, Siemens, and others to create the world's first "Internet of
Things" (IoT) platform featuring open-source architecture

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.

###

For more information on Thinfilm please contact:
Bill Cummings
VP, Marketing&Communications
Thin Film Electronics ASA
+1 408-503-7312
bill.cummings@thinfilm.no

Jennifer Smith
Blanc&Otus for Thin Film Electronics ASA
+1 415 856 5152
jsmith@blancandotus.com
www.blancandotus.com

This information is subject of the disclosure requirements acc. to §5-12 vphl (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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