|By Business Wire||
|January 22, 2014 09:47 PM EST||
Thin Film Electronics ASA ("Thinfilm") (OSE: THIN.OL), leader in commercializing printed electronics, announced today that it has completed acquisition of Kovio technology, intellectual property, and manufacturing assets, and has opened the Thinfilm NFC Innovation Center in the heart of Silicon Valley.
"Adding NFC to our printed electronic memory and sensor platform will allow the seamless exchange of information between Thinfilm's Smart Labels and NFC-enabled phones and tablets," explains Davor Sutija, Thinfilm CEO. "Kovio technology is the only industry-supported NFC interface in printed electronics. We're launching the Thinfilm NFC Innovation Center with a strong NFC team, significantly expanded intellectual property, and pilot manufacturing."
"The acquisition of Kovio technology is an astute strategic move by Thinfilm. Kovio has impressive capability, NFC products and IP that will accelerate Thinfilm's product roadmap, in addition to giving Thinfilm a substantial presence in Silicon Valley," says Raghu Das, CEO, IDTechEx.
Internet of Things-redefining a megatrend
Gartner cites "Internet of Things" as one of the top 10 strategic trends of this decade. Analysts and companies alike are predicting markets in the trillions of dollars by 2020-Gartner $1.9 trillion, IDC $8.9 trillion, Cisco $19 trillion. Industry giants such as Intel, IBM, Cisco, Qualcomm and NXP are placing major bets on IoT, and the San Jose Mercury News calls IoT a technological transformation "as profound as the Industrial Revolution," in which "Silicon Valley companies that make the circuits are expected to profit enormously."
Yet most applications of IoT focus on fixed infrastructure, where the sensor is a static node at the edge of the network and data is routed to a central server.
Low-cost, disposable sensor labels-able to autonomously collect information to later be read by NFC phones and tablets-offer a fundamentally different approach. With over 400 million NFC-enabled smart phones already deployed, a number projected to grow to 1 billion by 2015, linking ubiquitous sensors on Thinfilm Smart Labels with the mobile platform creates a fluid and agile alternative to traditional data infrastructures. It is this agile network that will truly launch the Internet of Everything.
Thinfilm Sensor Labels
Thinfilm uses printing to manufacture simple integrated electronics at a fraction of the cost of conventional electronics, in highly scalable processes compatible with high-volume, low-cost markets. Thinfilm has integrated sensing, data storage, and display in a label format. Addition of a printed NFC interface will allow Thinfilm's Sensor Labels to link sensor data to apps on mobile devices and/or cloud-based analytics.
Future applications could include.
- Temperature exposure of perishable goods, such as food and pharmaceuticals can be verified without heavy infrastructure
- Disposable medical tests can be distributed to remote clinics and homes, with results communicated to medical records through the mobile device
- Humidity can be detected in the walls of new construction, to monitor for leaks in pipes
- Soldiers and pilots can be tested for 'readiness' based on bio-markers, allowing check-in before active service
- Smart appliances can re-order supplies when an indicator says the product quantity is getting low
- Patients can be monitored with one-time use devices for blood-oxygen levels, pulse readings, and other vital signs, and data gathered with the tap of a phone
Integration of Kovio technology accelerates time-to-market for NFC labels, and expands both Thinfilm's manufacturing capacity and intellectual property portfolio.
Unique marriage of technologies creates significant barriers to entry
"Printed transistor circuits are an important capability to enable truly smart devices but there are few companies in the world that have the know-how to produce these. Kovio is one of them," remarks Das.
Christer Karlsson, Thinfilm CTO explains, "The team here in San Jose can produce NFC Barcodes with well over 1500 active transistors, at pilot scale. Marrying the organic transistors we've been developing with the poly-silicon devices developed at Kovio establishes a formidable barrier-to-entry for future competitors."
The Kovio NFC Barcode(TM) is the only NFC interface in printed electronics and is supported commercially by Google Android and numerous NFC controllers being deployed in phones around the world. Thinfilm expects to demonstrate NFC-readable sensor labels by year-end.
Thinfilm NFC Innovation Center
"We are particularly excited to have more than 20 of the former Kovio team members joining to open the NFC Innovation Center. This core team will build out the Innovation Center's competence in design, process development and manufacturing," adds Karlsson. "The site at Zanker Road, San Jose, is deep in the heart of Silicon Valley, steps from the silicon industry's giants, an ideal location to recruit additional talent into Thinfilm and build the ecosystem."
Included in the acquisition:
- Over 200 international patents and patents pending covering electronic inks, NFC and RF applications and protocols, process technologies, devices and circuits
- Installed pilot manufacturing capacity of 100s of millions of units per year
- 60,000 square foot manufacturing and development site
- Kovio product lines in NFC and Electronic Article Surveillance
- Encore software platform to support cloud-based data exchange
Broadening the Thinfilm portfolio
As part of the acquisition, Thinfilm has also acquired Kovio's technology for Electronic Article Surveillance (EAS) loss prevention tags. These solutions were developed in partnership with industry leaders such as Tyco Solutions and NedAp and complement Thinfilm's existing offerings in brand protection.
Thinfilm has also built a global team supporting the development of custom designs of integrated systems in ultra-low-cost electronics. According to Das, "Thinfilm is filling the need in the printed electronics industry by putting together complete solutions." Thinfilm will continue to pursue strategic partnerships, such as those it has with the Bemis Company, Brady Corporation, and Hasbro to accelerate the introduction of printed electronic systems into a wide range of markets.
"Thinfilm is the only company that is moving the needle when it comes to delivering printed electronics," said Randall Sherman, founder and president of New Venture Research.
Thinfilm completed the acquisition of Kovio assets for a total of 2.7 USDm in cash and 1.0 USDm in equity, consisting of 1.0 million of Thinfilm shares, acquired by Kovio creditors at 5.92 NOK/share.
About Thin Film Electronics ASA
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. http://www.thinfilm.no/
Follow us on Twitter: http://www.twitter.com/ThinfilmMemory
Follow us on LinkedIn: http://www.linkedin.com/company/thin-film-electronics
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
Feb. 1, 2015 12:15 PM EST Reads: 2,759
SYS-CON Events announced today that that Innodisk, the service-driven provider of industrial embedded flash and DRAM storage products and technologies, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Innodisk is a service-driven provider of industrial embedded flash and DRAM storage products and technologies. With satisfied customers across the embedded, aerospace and defense, cloud storage markets an...
Feb. 1, 2015 12:00 PM EST Reads: 983
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Feb. 1, 2015 12:00 PM EST Reads: 8,223
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective ...
Feb. 1, 2015 12:00 PM EST Reads: 2,893
"Our premise is Docker is not enough. That's not a bad thing - we actually love Docker. At ActiveState all our products are based on open source technology and Docker is an up-and-coming piece of open source technology," explained Bart Copeland, President & CEO of ActiveState Software, in this SYS-CON.tv interview at DevOps Summit at Cloud Expo®, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Feb. 1, 2015 11:45 AM EST Reads: 3,082
At 15th Cloud Expo, Shrikant Pattathil, Executive Vice President at Harbinger Systems, demos a video delivery platform that helps you do interactive videos. He discusses how Harbinger is accomplishing it in the cloud world, the problems they faced and the choices they made to get around these problems.
Feb. 1, 2015 11:45 AM EST Reads: 1,759
Fundamentally, SDN is still mostly about network plumbing. While plumbing may be useful to tinker with, what you can do with your plumbing is far more intriguing. A rigid interpretation of SDN confines it to Layers 2 and 3, and that's reasonable. But SDN opens opportunities for novel constructions in Layers 4 to 7 that solve real operational problems in data centers. "Data center," in fact, might become anachronistic - data is everywhere, constantly on the move, seemingly always overflowing. Net...
Feb. 1, 2015 11:15 AM EST Reads: 3,023
ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ -- IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's
Building low-cost wearable devices can enhance the quality of our lives. In his session at Internet of @ThingsExpo, Sai Yamanoor, Embedded Software Engineer at Altschool, provided an example of putting together a small keychain within a $50 budget that educates the user about the air quality in their surroundings. He also provided examples such as building a wearable device that provides transit or recreational information. He then reviewed the resources available to build wearable devices at ...
Feb. 1, 2015 11:00 AM EST Reads: 2,614
The move in recent years to cloud computing services and architectures has added significant pace to the application development and deployment environment. When enterprise IT can spin up large computing instances in just minutes, developers can also design and deploy in small time frames that were unimaginable a few years ago. The consequent move toward lean, agile, and fast development leads to the need for the development and operations sides to work very closely together. Thus, DevOps become...
Feb. 1, 2015 11:00 AM EST Reads: 3,659
Mobile commerce traffic is surpassing desktop, yet less than 20% of sales in the U.S. are mobile commerce sales. In his session at 15th Cloud Expo, Dan Franklin, Segment Manager, Commerce, at Verizon Digital Media Services, defined mobile devices and discussed how next generation means simplification. It means taking your digital content and turning it into instantly gratifying experiences.
Feb. 1, 2015 10:45 AM EST Reads: 2,317
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, demonstrated how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
Feb. 1, 2015 10:45 AM EST Reads: 2,817
Since 2008 and for the first time in history, more than half of humans live in urban areas, urging cities to become “smart.” Today, cities can leverage the wide availability of smartphones combined with new technologies such as Beacons or NFC to connect their urban furniture and environment to create citizen-first services that improve transportation, way-finding and information delivery. In her session at @ThingsExpo, Laetitia Gazel-Anthoine, CEO of Connecthings, will focus on successful use c...
Feb. 1, 2015 10:15 AM EST Reads: 2,109
NuoDB just introduced the Swifts 2.1 Release. In this demo at 15th Cloud Expo, Seth Proctor, CTO of NuoDB, Inc., discussed why scaling databases in the cloud is challenging, why building your application on top of the infrastructure that is designed with this in mind makes a difference, and what you can do with NuoDB that simplifies your programming model, your operations model.
Feb. 1, 2015 10:15 AM EST Reads: 1,713
“We are a managed services company. We have taken the key aspects of the cloud and the purposed data center and merged the two together and launched the Purposed Cloud about 18–24 months ago," explained Chetan Patwardhan, CEO of Stratogent, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Feb. 1, 2015 10:00 AM EST Reads: 2,159