Thinfilm Ships 5+ Million EAS Tags in Q2; Start of Roll-to-Roll NFC Production on Target for End of Q3
Jul. 05, 2018
OSLO, Norway--(BUSINESS WIRE)--Jul 5, 2018--Thin Film Electronics ASA ("Thinfilm") today announced that it shipped more than 5 million EAS (electronic article surveillance) anti-theft tags to its go-to-market partner during Q2. The Q2 shipments included the first volume orders earmarked for use in the denims category. Thinfilm expects a significant increase in demand for EAS tags during H2 2018.
Thinfilm also continues to make progress in the buildout of its roll-based line for the production of NFC tags. The first NFC-specific equipment is now onsite in San Jose and installation is underway. There are no material delays, and the Company expects initial roll-to-roll production of NFC to begin by the end of Q3 as previously communicated.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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CONTACT: Thin Film Electronics ASA
Bill Cummings, +1-408-503-7312
SVP Corporate Communications
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SOURCE: Thin Film Electronics ASA
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