Thinfilm Consortium Receives EUR1.4M in Eurostars Funding to Commercialize Display Logic for Integrated Printed Systems

Eurostars ranks Thinfilm consortium in top 10% for technology innovation and
market competitiveness.

OSLO, November 6, 2012 - Thin Film Electronics ASA ("Thinfilm") (OSE: THIN.OL),
a leader in the development of printed electronics, today announced that a
Thinfilm-led consortium has been awarded EUR1.4M by the Eurostars Programme to
commercialize display logic for smart tags. Thinfilm will receive direct income
of EUR0.8M. An additional EUR0.6M will be directed to commercial development
activities led by its Swedish partners Acreo and Santa Anna IT Research
Institute.

Eurostars supports market-oriented research and development, backing only
projects with the strongest commercial potential. The Thinfilm consortium
received a Top 10% rating among submitted proposals based on technology
innovation and market competitiveness.

"Since the Eurostars Programme was introduced in 2007, the demand for funding
has increased dramatically. 750 applications are submitted each year, and only
projects that are at the forefront of innovation are funded," says Bjørn
Henriksen, Senior Adviser, Division of Innovation, Eurostars at the Research
Council of Norway.

The project accelerates the development of disposable smart tags for use in
high-volume applications. Thinfilm's integrated smart tags will include printed
memory, sensors, and displays, and can be used in applications as diverse as
temperature monitoring, electronic price tags, and personal healthcare.

"We are pleased that Eurostars has recognized Thinfilm's technology leadership
in printed electronic systems," said Dr. Davor Sutija, CEO of Thinfilm. "Our
receipt of the maximum available backing from the Eurostars Programme is a
strong validation of our commercial roadmap. Pairing of printed displays with
Thinfilm Addressable Memory(TM) expands the functionality of our ultra-low-cost
electronic labels."

Receipt of this grant continues Thinfilm's momentum in integrated printed
electronic systems. Thinfilm Addressable Memory(TM) was recently selected by a
FlexTech Alliance-funded consortium for the development of a printed sensor
platform that will monitor temperature and blood oxygen content. Earlier this
year Bemis, a Fortune 500 packaging company, selected Thinfilm to deliver its
intelligent packaging platform.

Thinfilm has recently received significant cross-industry recognition. In
October, Thinfilm won the World Technology Award and The Wall Street
Journal named Thinfilm as runner-up for the Wall Street Journal Technology
Innovation Award. The recognition by the Wall Street Journal and World
Technology Network follows important printed electronics industry 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 Eurostars
The Eurostars Programme ("Eurostars") is a European innovation programme. It is
managed by EUREKA. Its purpose is to provide funding for market-oriented
research and development with the active participation of research- and
development-performing small- and medium-sized enterprises (R&D-performing
SMEs). Eurostars is a joint initiative between EUREKA and the EU Seventh
Framework Programme for Research and Technological Development (FP7).

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.

http://twitter.com/ThinfilmMemory

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)


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