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2015-09-15

Thin Film Electronics ASA: Xerox Uses Thinfilm Memory(TM) to Fight Counterfeiting

Two New Xerox Products Leverage Thinfilm's Printed Memory Technology to Combat
Counterfeiting of Pharmaceuticals and Governmental Tax Stamps

OSLO, Norway, September 14, 2015 -Thin Film Electronics ASA("Thinfilm") (OSE:
THIN.OL; OTCQX: TFECY), a global leader in printed electronics and smart
systems, today announced that Xerox (NYSE: XRX), the global business
services, digital printing, and document management company, will launch two
new products that feature Thinfilm Memory(TM) - Xerox® Printed Memory and
Xerox® Printed Memory with Cryptographic Security. The Xerox Printed Memory
solutions are geared toward supply-chain security applications and provide
anti-counterfeiting capabilities for pharmaceutical products, governmental
tax stamps and refill authentication.

Traditional anti-counterfeiting methods such as invisible ink, holograms and
RFID tags can be easily copied and hacked, and are often expensive to
implement. By integrating Thinfilm Memory with advanced security printing and
digital cryptography, the solutions are inexpensive and difficult to
counterfeit as every stamp is uniquely encrypted and can only be created by
authorized personnel. In addition, key features of the solution will work
offline, enabling secure validation of an object or process without being
bound to the Internet.

Rewritable data within each tag can identify if a medication refill has been
authorized, a shipping tax has been paid, or whether a package passed through
an authorized distributor. Using a smartphone-based reader, printed memory
tax stamps can be used for tracking and tracing the location of packages,
authentication and verification of a product's information.

"Keeping ahead of counterfeiters is a complex challenge that requires an
unprecedented level of security in a growing global market," said Davor
Sutija, Thinfilm's chief executive officer. "We are pleased to provide Xerox
and its customers with another layer of defense to combat counterfeiting
across multiple industries. Xerox has a history of innovation in this market,
and its advanced solution expands the use of printed memory technologies for
security and authentication."

Tax or revenue stamps are issued on behalf of international, national or local
governments, their licensees or agents, and indicate that a tax or duty has
been paid. Tax stamp security and authentication systems enable governments
to protect revenues generated by tax stamps, estimated to be in the billions
of dollars..

"We see a significant opportunity for printed, flexible electronics to make an
impact across a range of industries," said Steve Simpson, vice president,
responsible for Xerox printed labels. "By building upon Thinfilm's printed
memory technology, we were able to develop an innovative, anti-counterfeiting
solution and launch the next phase of the project, which will bring the
solution to the market."

In December 2014, Xerox licensed Thinfilm's proprietary printed memory, the
only printed, rewritable memory commercially available today. Under this
licensing agreement, Xerox plans to produce this innovative security platform
in high-volumes at its plant 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 (NFC), all at a low cost unmatched by
traditional electronic technologies. 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,
Hong Kong and Singapore. www.thinfilm.no

# # #

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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