Thin Film Electronics ASA ("Thinfilm") has received certification that its Thinfilm Memory™ products meet EU standards for safety of toys. Thinfilm has also secured additional funding for go-to-market activities.
After extensive testing by an independent laboratory, Thinfilm has received the EN 71-3 certification that its non-volatile memory products meets the requirements regarding the chemical safety of toys.
"This is an important certification. With several new toys and game concepts under development using Thinfilm Memory, this is well-timed news," says Davor Sutija, Executive Vice President Thinfilm.
By storing user and game flow information, Thinfilm Memory enables interactive experiences and makes cards and toys 'intelligent'.
"We experience strong interest from inventors and manufacturers of toys and games. They have been searching for the right low-cost technology to empower smart toys," continues Sutija.
Thinfilm is the first in the world to produce fully-printed rewritable non-volatile memories in a high-volume roll-to-roll process.
Additional funding for go-to-market activities secured
Thinfilm announced recently that additional funding for go-to-market activities has been secured, and that NOK 10 million has been received from investors participating. Over the last 12 months Thinfilm has raised NOK 27 million in the Norwegian market.
"This share issue supports the commercialization of Thinfilm Memory; we are very pleased with the support and response from our shareholders," says Sutija.
The redemption of warrants in May was part of a rights issue completed in the second quarter 2009. Warrants were exercisable in the period 6-31 May 2010. More than 80 percent of the outstanding warrants have now been exercised. Remaining warrants may be exercised in November.
About Thinfilm and Printed Electronics
Thinfilm is focused on providing low-power, non-volatile, rewritable polymer memory technology and products in the rapidly growing market of Printed Electronics. Thinfilm's current main product offering is a 20-bit non-volatile rewriteable memory printed in a high-volume roll-to-roll process.
The Printed Electronics market is still in its early stages, and according to industry analyst group IDTechEx, is expected to grow to more than USD 50 billion in market value over the next ten years. IDTechEx predicts that logic (i.e., memory and transistors) will be the largest segment in this market, representing more than 30 per cent of the total.
Using printing to manufacture electronic memory makes it possible to reduce the number of process steps, dramatically reduce manufacturing costs, as well as the environmental impact as compared to traditional semiconductor processes.
Commercial applications of printed electronics include e-paper, electronic readers, and organic light emitting (OLED) displays. Sensors, batteries, and photovoltaic energy sources are also in development, and together with Thinfilm's memory technology they will open the door to new products and applications.
Memory is an essential part of most electronics. Memory is required for identification, tracking status and history, and is used whenever information is stored. Thinfilm's non-volatile ferroelectric polymer memory technology is well suited for application with other printed electronics devices because power consumption during read and write is negligible, and as it is permanent, no connection to external power is required for data detainment. Also, the current required to write information is so small that operation would be limited by the battery's lifetime and not its capacity.
For more visit: www.thinfilm.no .
Also attend: Printed Electronics USA 2010