Thin Film to Receive Funding from IFU

Thin Film Electronics ASA (Thinfilm) will receive funding from Innovation Norway’s Industrial Research and Development Program (IFU) to develop next generation printed memories.

The NOK 3 million Innovation Norway grant will support the development of higher-density printed memories with printed logic circuitry, the Thinfilm Adressable Memory. Addressable Thinfilm Memory products can be integrated with other printed elements to create fully printed systems, such as ID tags, smart sensors and disposable price labels.

“A wave in consumer applications involving mobile devices and embedded electronic tags is about to arrive. These applications are waiting for printed memory technology to be ready,” said Davor Sutija, Thinfilm CEO.

Innovation Norway’s Industrial Research and development Program (In Norwegian: Industrielle forsknings- og utviklingskontrakter – IFU) is a strategic grant scheme offered to Norwegian industry and the public sector. The objective is to promote the development of new products, services, and solutions for both the national and international market.

Thinfilm Addressable Memory prototypes are expected later this year, as the IFU project’s first goal. Transfer to large-scale production, expected in 2012, is also planned.