in Uncategorized

#Thinfilm: Prospectus a good case reminder

This morning, Thin Film Electronics published a Prospectus Summary pursuant to Section 7-2 of the Securities Trading Regulation in connection with the transfer of listing from Oslo Axess to Oslo Børs Main List. It’s shares will begin trading there as of tomorrow, February 26th.

While not including any major news, the Prospectus still contains some interesting information for investors who want to learn more of this interesting play on the Internet of Everything.

Thinfilm makes low-cost printed electronics for ultra-high-volume applications. Thinfilm’s vision is to bring electronics to even the most cost – sensitive applications, introducing electronics to market segments not addressed by silicon – based technologies.
Thinfilm has developed a printed non – volatile, rewritable ferroelectric memory for use in both standalone and integrated system applications. Thinfilm has also developed and licensed
technology to print organic transistors, and to protect the resulting integrated systems. In addition, the Company has acquired technology and assets to print logic based on Printed Dopant Polysilicon (“PDPS”) that allows Thinfilm to produce components and products that communicate wirelessly.
Thinfilm’s business model is based on the following products:

  • Memory Labels: Thinfilm Memory stores digital data on a label thinner than a human hair, for just a few cents. It is rewritable and permanent, storing data without the need for external power.
  • Brand Protection Solution & Refill Authentication Solution:
    The Thinfilm Brand Protection & Refill Authentication
    Solutions are two – part systems that can help
    manufacturers protect their brands from counterfeiting and grey
    – market activity, as well as provide an effective means of refill authentication. It consists of adhesive labels that generate a distinct forensic electrical signature. A Thinfilm Authentication
    Unit reads the label.
  • EAS (Electronic Article Surveillance) Tags: Thinfilm EAS tags use a proprietary process to improve traditional electronic article surveillance technology by introducing a new category of soft anti-shoplifting tags. These next generation labels are compatible with the global base of installed 8.2MHz RF EAS infrastructure.
  • Sensor Labels: Thinfilm is commercializing a line of intelligent labels that will sense information and store data for 80% to 90% less than the cost of conventional electronics. This is part of Thinfilm’s vision to bring the Internet of Everything to even the lowest-cost items.
  • NFC Smart Labels: Following the acquisition of Kovio, Inc.’s NFC technology in January 2014, Thinfilm has accelerated its plans for the launch of NFC – enabled sensor and display labels. Thinfilm’s Smart Labels will use the Thinfilm NFC Barcode protocol to enable seamless data exchange from a sensor label to a smart phone. The protocol is currently supported by Google Android and most major manufacturers of NFC controllers.

Thinfilm’s business model is to earn revenues from products based on these technologies, and by licensing its IP and know – how.

The Printed Electronics market is still in its early stages,
however, according to industry analyst group IDTechEx, the market for printed and potentially printed products is expected to grow to more than USD 44 billion in value over the next seven years. IDTechEx predicts that logic (i.e., memory and transistors) will be one of the principal segments in this market.
Item level labelling is the largest single market opportunity for application of Thinfilm Memory™. Also, the trend to replace clunky traditional EAS tags with sleek, flexible and integrated soft tags is expected to continue. Thinfilm’s EAS labels, unique since they do not

reactivate, are being rolled out with a global fashion retailer in 2015.
Smart Labels are expected to constitute a significant opportunity for Thinfilm. Multiple applications are being developed together with
Thinfilm’s customers in this product area; from time – integrated threshold sensor labels to interactive packaging, and pharma quality
assurance. This second wave of applications will constitute closed systems, i.e. powered by a laminar battery, and communicating status by means of a display and/or contact – based read-out.
The third wave of Thinfilm products, contactless near-field readout,
has been demonstrated and further applications are being developed while initial customer discussions are ongoing. This market, expected to emerge between 2015 and 2020, is believed to have the largest potential, and is often referred to as the Internet of Everything, where individual inanimate objects communicate with consumers through the use of RF-based near field communication.
While such communication is expected to occur at a lower frequency and at shorter distances than today’s ISO-standard RFID systems, it is the ubiquity of such systems that makes their
development compelling. According to IDTechEx, the numbers of printed and chipless RF-enabled labels sold globally will rise from 12 million in 2011 to 209 billion in 2021.
Nordic Investor

Related Posts

What is your opinion? Let us know