PARC, a Xerox company, takes minority stake in Thinfilm
(Thomson Reuters ONE) -
PARC, a Xerox company, is taking a minority stake in Thin Film Electronics ASA
("Thinfilm") as part of the collaboration between the two companies.
PARC will be issued 1,663,680 million new shares equal to NOK 2,785,000 through
a private placement. The subscription price of NOK 1.674 per Thinfilm share
equals the average closing share price for the last ten trading days up to and
including 22 March 2011.
This capital increase is within the 20% authorization to issue new shares
provided to the Board of Thinfilm by the AGM. Following consummation of the
private placement, Thinfilm's share capital will be increased to NOK
30,831,909.46 consisting of 280,290,086 shares outstanding, each with a par
value of NOK 0.11.
24 March 2011
Thin Film Electronics ASA
For further information, please contact:
Geir Harald Aase, VP Communications: +47 480 37 571/geir.aase(a)thinfilm.no
About Thinfilm
Thin Film Electronics ASA ("Thinfilm") is a publicly-listed Norwegian technology
company with its head office in Oslo and product development in Linköping,
Sweden. Thinfilm is a pioneer in the field of Printed Electronics, and provides
fully-printed non-volatile, rewritable memory for applications in toys & games,
logistics, sensor, and ID systems.
About Printed Electronics
The Printed Electronics market is expected to grow to more than USD 50 billion
in annual market value over the next ten years, according to industry analyst
group IDTechEx. IDTechEx predicts that logic, including addressable memory, will
be the largest segment in this market.
Using printing to manufacture electronic memory makes it possible to reduce the
number of process steps, resulting in dramatically lower manufacturing costs,
and also reduced environmental impact as compared to traditional semiconductor
processes. Commercial applications of printed electronics include e-paper,
electronic readers, and organic light emitting (OLED) displays. Sensors,
batteries, and photovoltaic energy sources are also in development, and together
with Thinfilm's memory technology they will open the door to new products and
applications, for example, in the field of RFID systems.
Memory is an essential part of most electronics. Memory is required for
identification, tracking status, and history, and is used whenever information
is stored. Thinfilm's non-volatile ferroelectric polymer memory technology is
well suited for application with other printed electronics devices because power
consumption during read and write is negligible, and as the memory is permanent,
no connection to external power is required for data detainment. Also, the
electric current required to write information is so small that operation would
be limited by the battery's lifetime and not its capacity.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thin Film Electronics ASA via Thomson Reuters ONE
[HUG#1499581]
Unternehmensinformation / Kurzprofil:
Datum: 24.03.2011 - 08:01 Uhr
Sprache: Deutsch
News-ID 52747
Anzahl Zeichen: 3795
contact information:
Town:
Oslo
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 245 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"PARC, a Xerox company, takes minority stake in Thinfilm"
steht unter der journalistisch-redaktionellen Verantwortung von
Thin Film Electronics ASA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
