[May 22, 2015] |
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Thinfilm to Receive Funding from European Commission to Participate in Research Consortium on Printed Electronics
Thin
Film Electronics ASA ("Thinfilm") (OSE:THIN.OL; OTCQX:TFECY), a
leader in the development and commercialization of printed electronics
and smart systems, today announced that it has been selected by the European
Commission to participate in a group research and innovation
initiative focused on the advancement of printed electronics technology.
Based on its participation, Thinfilm will receive €444,000 from the
European Union's "Horizon
2020" research and innovation program.
Formally known as ATLASS - Advanced high-resolution printing of organic
Transistors for Large-Area Smart Surfaces - the project will involve a
number of collaboration partners working in concert to address
materials, cost, scale and performance drivers in high-resolution print
technologies. The program is led by Merck Chemicals LTD and, in addition
to Thinfilm, involves a number of other leading organizations, including
CEA, VTT and Joanneum Research.
Thinfilm is pleased to have been selected as a key contributor for this
important project," said Davor Sutija, Thinfilm's chief executive
officer. "We're excited to collaborate with Merck
Chemicals LTD and other industry leaders and look forward to helping
drive the program's success. We thank the European Commission for this
valuable opportunity."
Horizon 2020 is the largest EU Research and Innovation program ever with
nearly €80 billion of funding available over seven years (2014 to 2020).
It promises more breakthroughs, discoveries and world-firsts by taking
great ideas from the lab to the market. Horizon 2020 is also the
financial instrument behind the Innovation
Union, a Europe
2020 flagship initiative aimed at securing Europe's global
competitiveness.
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, Japan and Singapore. For more information, visit http://www.thinfilm.no
or follow us on Twitter (News - Alert) @ThinfilmMemory.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150522005136/en/
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