Saturday, 20 Jan 2018

Thinfilm progresses with expansion plans in US and China

The initiative aims to give Thinfilm a valuable sales and business development presence in China, enabling use local manufacturing support, and improves its ability to conduct business in the APAC region

12 Sep 2016 | Editor

Thin Film Electronics (Thinfilm) has announced progress on several strategic initiatives related to business expansion in China, a new US facility, and its Quality Management program.

According to Thinfilm the company has taken steps to expand its sales and business development operations in China. The expansion is in response to growing interest among Asia-based businesses in Thinfilm's NFC (Near Field Communication) technology, particularly SpeedTap and OpenSense. The initiative is expected to give Thinfilm a valuable sales and business development presence in China, enabling the Company to leverage local manufacturing support, and improves its overall ability to successfully conduct business in the APAC region.

In May, Thinfilm announced its intent to lease a new, state-of-the-art production facility and communicated plans to relocate its current US headquarters to the new building in early 2017. The planned upgrade, which features a significantly larger manufacturing clean room, enables Thinfilm to support its plans to scale current production and implement a high-volume roll-to-roll manufacturing line. Thinfilm expects to gain access to the building in October, subject to approval from municipal authorities and the final agreement between the seller and the developer. In addition, Thinfilm has signed a lease with the developer, hired an architect and general contractor, and is making preparations to begin with construction and related tenant improvements.

As part of its ongoing commitment to quality, Thinfilm has successfully completed a surveillance audit as part of a required process to maintain the firm's ISO 9001:2008 certification.


About Thin Film Electronics

Thinfilm is a leader in the development and commercialization 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, Hong Kong, and Singapore.

Source: Thin Film Electronics


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