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Thin Film Electronics: Acquisition Of Kovio’s NFC Technology

ByEdison
Published 01/14/2014, 02:49 AM
Updated 07/09/2023, 06:31 AM
IFNC
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Acquisition of Kovio’s NFC technology
Thinfilm Electroni, (THIN.OL) has announced a conditional agreement for the acquisition of Kovio’s printed near field communication (NFC) technology. Kovio already has NFC products in the market with big brands such as P&G and Tyco and therefore the deal provides a leap forward for Thinfilm’s development of fully printed NFC-enabled systems. More details are due to be released towards the end of the month, at which point we will assess the impact on Thinfilm’s financials, but there is no doubt that this is an important development in the diversification and de-risking of Thinfilm’s product portfolio and revenue forecasts.
Thin Film
The acquisition of Kovio’s printed NFC technology should significantly reduce the time to market for Thinfilm’s printed NFC systems and help it achieve its ambitious revenue and profit forecasts. Equally important, the acquisition of the technology also signals Thinfilm’s desire to build its IP portfolio, which should help solidify its position as the leader in printed electronic systems and reduce the licence fees paid out to third parties. Kovio’s NFC tags are currently one-time programmable, but the potential to integrate the technology with Thinfilm’s re-writeable non-volatile memory opens up a range of new applications that Kovio would be unable to access by itself.

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