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Thinfilm Named Finalist for 2012 World Technology Award

OSLO, Norway--(BUSINESS WIRE)-- One of six companies recognized by the World Technology Network for Visionary Contribution to Materials Science and Technology Thin Film Electronics ASA ("Thinfilm") announced The World Technology Network ("WTN") has selected Thinfilm as a finalist for the prestigious World Technology Award in the Materials category. As one of six finalists in the category, Thinfilm joins a roster of approximately 50 organizations and 100 individuals in this annual competition deemed by the members of the WTN to be doing the "most innovative work of the greatest likely long-term significance."

The World Technology Awards have been presented by the WTN since 2000, honoring innovators in science and technology in 20 different categories. The nominees for the 2012 World Technology Awards were selected by the WTN members through an intensive, global process over a period of several months.

"We are honored that the World Technology Network and its members have recognized Thinfilm's contributions towards a world where virtually any item can have intelligence," says Davor Sutija, CEO at Thinfilm. "By printing electronics we are introducing intelligence to the objects around us, forging the Internet of Things."

The WTN is a curated membership community comprised of the world's most innovative individuals and organizations in science, technology, and related fields. The WTN and its members are focused on what is imminent, possible, and important in and around emerging technologies.

"This year we are more eager than ever to pay tribute to the talent and innovation of our individual and corporate honorees," says James Clark, Founder and Chairman of the World Technology Network. "Each year, this event gains momentum and prestige making it the ultimate global platform to honor visionary contributions in the science and technology arenas. The World Technology Awards program is not only a very inspiring way to identify and honor the most innovative people and organizations in the technology world, but it also is a truly disciplined way for the WTN membership to identify those who will formally join them, as WTN Fellows, as part of our global community. By working to make useful connections among our members, we look forward to assisting Thinfilm in continuing to help create our collective future and change our world," Clark adds.

The winners of the World Technology Awards will be announced at the TIME & Life Building on the evening of October 23rd at the culmination of the World Technology Summit. The awards will be presented by the WTN in association with TIME magazine, Fortune, CNN, Science/AAAS, Technology Review, and others.

The recognition by the World Technology Network follows 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.

Thinfilm is exhibiting 9-11 October at Plastic Electronics 2012 in Dresden, Germany, booth 2.292.

About the World Technology Network

The WTN exists to "encourage serendipity" -- the happy accidents of colliding ideas and new relationships that cause the biggest breakthroughs for individuals and institutions. The WTN works to accomplish its mission through global and regional events for its members and extended audience, to help make connections among them, and to examine the likely implications and possible applications of emerging technologies.

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.

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Johanna Puustinen, +47 918 78 673
Senior Communications Manager
Rainier Communications for Thinfilm
Suzanne Moran or Karen Quatromoni, 508-475-0025 ext. 118/150
Mobile: 617-515-8005/978-855-0412 /
The World Technology Network
Beth-Ellen Keyes, +1 646 246 1081
Director of Events and Operations

Source: Thin Film Electronics ASA