Thinfilm's SpeedTap tags are thin, flexible devices that integrate with a product's packaging or label and can be read with the tap of an NFC-enabled smartphone. Each tag is uniquely identifiable and is virtually impossible to clone. Once tapped, the tag wirelessly communicates with the cloud, enabling brands to connect directly with their customers and instantly deliver authentication messaging, product information, and other relevant content."The iOlive app digitizes the IOC (International Olive Council) profile sheet for the assessment of olive oil, which is used in 44 countries to certify extra virgin products," Barachini explained further. "Professional tasters use our platform to digitally capture their evaluations - including sensory analysis - and consumers are able to view that information through the iOlive app. The SpeedTap tags make accessing the data simple, instantaneous, and seamless." The process has been validated by Agro-Lab, the laboratory arm of PromoFirenze, an agency of the Florence Chamber of Commerce. "We are very excited to deliver our NFC tags to Tuscany and help brands in this prestigious region protect customers, educate consumers, and grow their businesses," said Davor Sutija, Thinfilm's CEO. "The iOlive app is an impressive tool and one that is very much needed anywhere olive oil is produced and enjoyed. We look forward to working with iOlive to introduce the technology to brands throughout Italy and in other countries." About Thin Film Electronics ASA Thinfilm is a leader in printed electronics and NFC smart packaging solutions. The first to commercialize printed, rewritable memory, the Company today creates printed tags, labels and systems that include memory, sensing, display, and wireless communication - all at a cost-per-function unmatched by conventional electronic technologies. Thinfilm's roadmap integrates technology from a strong and growing ecosystem of partners to bring intelligence to everyday items and effectively extend the traditional boundaries of the Internet of Things.
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. For more information, visit www.thinfilm.no.This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act).