OSLO, 16 October 2012 - Thin Film Electronics ASA ("Thinfilm") (OSE: THIN.OL)
today announced that The Wall Street Journal has named Thinfilm and PARC, a
Xerox Company, as runner-up for the highly prestigious Wall Street Journal
Technology Innovation Award in the Semiconductors and Electronics category. The
winners and runners-up represent disruptive breakthroughs from conventional
ideas and methods.

The Wall Street Journal received 536 applications from more than two dozen
countries. A team of editors and reporters reviewed the entries and forwarded
the 172 most promising to an independent panel of judges from venture-capital
firms, universities and companies. From that pool, the judges chose a total of
37 winners and runners-up in 18 categories.

Thinfilm and PARC received the runner-up award for Thinfilm Addressable
Memory(TM), the first printed electronic rewritable memory. Thinfilm Addressable
Memory(TM) works as a technology platform for a wide range of printed electronic
system products, such as smart tags, that combine memory with other printed
components.

"We are proud that The Wall Street Journal recognizes the work Thinfilm is doing
together with its technology partners, especially PARC, to introduce
intelligence to everyday items," says Davor Sutija, CEO at Thinfilm. "Ultra low
cost printed electronic systems are a disruptive technology, and will allow even
disposable items to include sensors and logic in order to interact with
consumers and users."

In addition to its partnership with PARC, Thinfilm's partner ecosystem includes
companies that have developed novel materials and components, such as printed
displays and sensors, as well as manufacturing relationships.

Thinfilm has received wide recognition for its contributions towards a world
where virtually any item can have intelligence. Earlier in October, the World
Technology Network named Thinfilm as a finalist in the World Technology Awards
Materials category. The winners will be announced on 23(rd) October in New York.

The recognition by the Wall Street Journal and World Technology Network follows
awards earlier this year from both the FlexTech Alliance and IDTechEx. Thinfilm
was also recently recognized by GigaOm as one of the 15 Most Innovative
Companies in mobile.

About Thinfilm
Thin Film Electronics ASA (Ticker: THIN.OL) is a leader in the development of
printed electronics. The first to commercialize printed rewritable memory,
Thinfilm is creating printed system products that will include memory, sensing,
display and wireless communication-at a cost-per-functionality unmatched by any
other electronic technology. Thinfilm's roadmap of system products integrates
technology from a strong and growing ecosystem of partners to enable the
Internet of Things by bringing intelligence to disposable goods. Company
headquarters are in Oslo, Norway, with product development in Linköping, Sweden,
sales offices in San Francisco, USA, and Tokyo, Japan, and manufacturing in
Pyongtaek, South Korea. www.thinfilm.no

Follow us on Twitter: http://twitter.com/ThinfilmMemory
Follow us on LinkedIn: http://www.linkedin.com/company/thin-film-electronics

For more information, please contact:
Johanna Puustinen
Senior Communications Manager
+47 918 78 673
jp@thinfilm.no

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)

[HUG#1649354]

Thinfilm Named Runner-up for Wall Street Journal Technology Innovation Award