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2016-06-08

Thin Film Electronics ASA: Xerox Demonstrating Printed Memory Product Featuring Thinfilm's Technology at World's Largest Printing Equipment Exhibition

Drupa Event Serves as Global Showcase for State-of-the-Art Printing
Technologies and Solutions

(OSLO, Norway) June 8, 2016 -Thin Film Electronics ASA("Thinfilm") (OSE:
THIN.OL; OTCQX: TFECY), a global leader in printed electronics and smart
systems, today announced that Xerox is demonstrating its Xerox® Printed
Memory product at Drupa, the world's largest printing equipment exhibition.
This year's event runs from May 31 through June 10 and takes place in
Düsseldorf, Germany.

Manufactured via a printing process, Xerox® Printed Memory adds low-cost
intelligence to objects or packaging by printing thin circuitry on a flexible
substrate. The non-volatile memory is delivered in small flexible labels, a
form factor that provides a wide range of design freedom not offered in other
solutions. The labels can be placed on products at any stage of the
manufacturing or supply-chain process.

Xerox® Printed Memory labels can store up to up to 36 bits of information,
which enables 68 billion distinct data combinations. Everything from lot
codes and serial numbers to expiration dates and geographic IDs can be stored
on the labels, and the data is preserved until overwritten within a 10-year
span.

The labels are an ideal solution for brand protection needs across a range of
industries, particularly pharmaceuticals, government, and other verticals
concerned with gray market sales, counterfeiting and supply chain integrity.
Brands can also add in optional tamper-evident adhesives and a cryptographic
feature that includes barcodes or QR codes, making the Xerox® Printed Memory
offering one of the most tamper-proof, anti-counterfeit solutions on the
market.

Xerox® Printed Memory labels also effectively address "smart consumable" space
to protect and increase the revenue of product refills. Because the labels
can interact with dispensing device, brands or manufacturers are able able to
count, record time, calibrate, and provide other usage information associated
with a refill cartridge or unit. Segments such as pharmaceuticals,
healthcare, beauty products, appliances, and food and beverage can benefit by
offering a more convenient, intelligent customer experience while increasing
revenue.

In January of 2015, Xerox licensed Thinfilm's proprietary technology to
manufacture Xerox® Printed Memory - the only printed, rewritable memory
commercially available today. Thinfilm completed the technology transfer to
Xerox in the first quarter of 2016. To produce the memory labels, Xerox is
modifying a production line in one of its existing facilities in Webster, New
York.

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, Hong
Kong, and Singapore. For more information, visit www.thinfilm.no.

# # #
For more information on Thinfilm please contact:
Bill Cummings

SVP, Corporate Communications
Thin Film Electronics ASA
+1 408-503-7312bill.cummings@thinfilm.no
Jennifer Pierce

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