Thinfilm and PST Sensors to jointly develop printed temperature tags to monitor food and other perishable goods

Disposable electronic sensor system to tap into existing, large and fast growing
markets; improve food safety and reduce waste; enable the "Internet of Things"

OSLO, January 24 - Thin Film Electronics ASA ("Thinfilm") today announced a
partnership with PST Sensors (pty) Ltd (PST) to jointly develop a printed
temperature sensor system that will monitor the temperature of perishable goods
such as food and pharmaceuticals. These systems are a successful example of how
low cost electronics can be manufactured in high volumes for a fraction of the
cost compared to traditional silicon microelectronics. The printed sensor system
will be able to monitor individual packages to ensure that their contents have
been kept at a safe or optimal temperature. The first demonstration prototype is
expected this year. The company also announced today in a separate release,
"Thinfilm builds out ecosystem for printed electronic systems," technology
relationships with Acreo, which develops printed displays for a variety of
applications and Imprint Energy, which is developing an innovative printed
battery technology. Together these announcements mean that Thinfilm has
established key partnerships for enabling fully printed integrated systems and
smart tags.

Thinfilm is a leading provider of roll-to-roll printed, rewritable non-volatile
memory products. The company recently demonstrated the first working prototype
of a printed non-volatile memory device addressed with complementary organic
circuits, the organic equivalent of CMOS circuitry. Thinfilm Addressable Memory
combines Thinfilm's polymer-based memory technology with PARC's transistor
technology using complementary pairs of n-type and p-type transistors to
construct the circuits. The addressable memory can be integrated with other
printed components to create fully printed systems for interaction with everyday
objects - a key part of the vision of the "Internet of Things" where virtually
any item can communicate with another.

PST Sensors, a spin-out of the University of Cape Town NanoSciences Innovation
Centre, is a leading developer of ambient processed printed silicon electronics
with a focus on physical sensors. Recently PST has demonstrated a portfolio of
prototypes including decorative large area temperature sensors and thermal
imaging arrays. PST's temperature sensors are based around a core technology of
a printed silicon NTC thermistor - a device whose electrical resistance
decreases when it is heated. Being both printable and electronic, the sensors
can be fully integrated with Thinfilm's memory and with complementary organic
circuits.

"The combination of our printed addressable memory and a PST temperature sensor
creates a new category of integrated system - inexpensive, intelligent and able
to offer information on temperature on a per item basis - something not
currently possible due to manufacturing and material cost restrictions," said
Davor Sutija, CEO, Thinfilm. "These systems, as thin as a strand of hair, will
let health care professionals know that a drug has been kept at the right
temperature. Participants across the perishable food chain will also know that a
piece of meat or carton of eggs has been correctly refrigerated. Ultimately
these devices may even tell consumers how fresh their food is."

The monitoring of food will enable consumers to have more insight into the
freshness of their food and potentially reduce the 1.27 billion tons of food
wasted globally. A 2008 report from the U.K.-government group called WRAP, the
Waste and Resources Action Programme, estimated that 20 percent of food waste is
linked to date labeling confusion and lack of information on its safety or
freshness. According to a recent report compiled for the United Nations FAO this
corresponds to 6.6% of all food produced, or about 85,625 tons a year.

"Thinfilm has taken another important step towards achieving the Holy Grail of
printed electronics -- replacing traditional semiconductor components with fully
printable systems," said Randall Sherman, Senior Analyst, New Venture Research.
"The company is confidently and capably building an ecosystem through supplier
relationships, creating solutions that we as an industry have been touting for
years. It's impressive to see such products readied for market."

The development of new "fragile" pharmaceuticals offers significant market
opportunities for a low cost electronic tag that monitors temperature. According
to Pharmaceutical Commerce, 7 of the top 10 global pharma products in 2014 will
require cold-chain handling. This market - which requires storage and
distribution that maintains a given temperature range - is estimated to grow to
$6.9 billion in 2012 according to Pharmaceutical Commerce's Biopharma
Sourcebook. Typical alarm sensors for this market cost between $15 and $25,
while the integrated devices developed by Thinfilm and PST will have a price of
less than 1/100 of current systems.

"Our work with Thinfilm has the potential to unlock significant new market
opportunities, and is an excellent example of the transformative impact that
printed electronics will have on the entire supply chain," said Margit Härting,
founder and CSO of PST Sensors. "We are definitely looking forward to working
with Thinfilm on the development of this integrated system."

"The team behind PST has been working with the printed silicon technology over
the last decade, and PST Sensors is the leading company in its field," said
Christer Karlsson, CTO, Thinfilm. "Its printed silicon sensor technology is
uniquely easy to manufacture and offers a low cost point."

About Thinfilm
Thin Film Electronics ASA ("Thinfilm") is a publicly listed Norwegian technology
company with its head office in Oslo, Norway, and product development in
Linköping, Sweden, and sales offices in San Francisco, USA, and Tokyo, Japan.
Thinfilm is a pioneer in the field of Printed Electronics, and provides fully
printed non-volatile, rewritable memory for applications in toys & games,
logistics, sensor, and ID systems.
http://www.thinfilm.no/

About PST Sensors
PST Sensors (pty) Ltd (PST) is a limited company registered in South Africa. It
was founded as a spin-out of the University of Cape Town (UCT). PST is active in
all areas of the development of its proprietary printed silicon technology but
has a primary focus on temperature sensors which have been proven to have the
fastest market entry for both existing and new applications.

For more information contact:
Torgrim Takle
tt@thinfilm.no
Mobile: +47 95 14 07 82

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.


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