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.