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Thinfilm launches level 1 ADR program to Trade on OTCQX International stock exchange

The establishment of an ADR facility and inclusion on OTCQX provide the company's US investor base with a more direct means of trading and accessing information

24 Mar 2015 | Editor

Thin Film Electronics (Thinfilm) has announced that the Company has commenced trading on OTCQX International. Effective from 24 March 2015.

Thinfilm’s American Depository Receipts (ADRs) are available for trading in the United States on OTCQX under the symbol "TFECY".

Each ADR represents 10 ordinary shares listed on the Oslo Børs under the symbol "THIN".

Thinfilm is among a group of global issuers enabling their shares to also trade and settle in the United States. Cowen, as part of its Principal American Liaison (PAL) sponsorship, has been retained to provide a range of capital markets services as well as fulfill ongoing PAL compliance for Thinfilm’s listing on OTCQX International.

Davor Sutija, chief executive officer for Thinfilm, said, "The establishment of an ADR facility and our inclusion on OTCQX represent critical milestones within Thinfilm’s strategic roadmap." Davor added, "We’re very excited to provide our US investor base with a more direct means of trading and accessing information."
Chris Weekes, managing director and head of the International Markets Group at Cowen, said, "As Thinfilm’s PAL, Cowen will provide ongoing capital markets support and advisory services in the US. We are very pleased to be working with Thinfilm on its OTCQX quotation."

www.thinfilm.no    www.otcmarkets.com    www.cowen.com   


About Thin Film Electronics

Thinfilm is a leader in the development of Printed Electronics. 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.

Source: Thin Film Electronics

About OTCOX International

OTCQX is the best marketplace for established, global and growth companies operated by OTC Markets Group. To qualify for the OTCQX marketplace, companies must meet high financial standards, demonstrate compliance with U.S. securities laws, be current in their disclosure, and be sponsored by a professional third-party advisor. The companies found on OTCQX are distinguished by the integrity of their operations and diligence with which they convey their qualifications.

Source: OTCOX International

About Cowen and Company

Cowen and Company offers comprehensive investment banking services, including equity, equity-linked and debt financings and mergers and acquisitions advisory services. In addition, we offer our clients access to world-class research, as well as institutional sales and trading services. Drawing upon the depth of our research and industry knowledge, we specialize in the key areas of growth in our economy. Our industry sector expertise includes Health Care, Technology, Media & Telecommunications, Consumer, Energy, Metals and Mining, Aerospace & Defense and Transportation. In addition, we offer extensive and focused aftermarket trading services as a leading market maker in our target sectors.

Source: Cowen and Company


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