Thinfilm Launches Level 1 ADR Program in the US; Stock to Trade on OTCQX International Marketplace
March 24 2015 - 8:00AM
Business Wire
Thin Film Electronics ASA (“Thinfilm”) (OB:THIN) (OTCQX:TFECY),
a leader in the development and commercialization of printed
electronics and smart systems, announced today that the Company has
commenced trading on OTCQX International. Effective today, March
24, Thinfilm’s American Depository Receipts (ADRs) are available
for trading in the United States on OTCQX under the symbol “TFECY”.
Each ADR represents 10 ordinary shares listed on the Oslo Børs
under the symbol “THIN”.
“The establishment of an ADR facility and our inclusion on OTCQX
represent critical milestones within Thinfilm’s strategic roadmap,”
said Davor Sutija, chief executive officer for Thinfilm. “We’re
very excited to provide our US investor base with a more direct
means of trading and accessing information.”
Thinfilm is among a leading group of global issuers enabling
their shares to also trade and settle in the United States. Cowen,
as part of its Principal American Liaison (PAL) sponsorship, has
been retained to provide a range of capital markets services as
well as fulfill ongoing PAL compliance for Thinfilm’s listing on
OTCQX International. Cowen’s suite of services distinguishes its
PAL sponsorship program by providing the highest level of client
service, integration and coordination among the firm’s
institutional sales, trading, research and investment banking
departments.
“As Thinfilm’s PAL, Cowen will provide ongoing capital markets
support and advisory services in the US. We are very pleased to be
working with Thinfilm on its OTCQX quotation,” said Chris Weekes,
managing director and head of the International Markets Group at
Cowen.
Investors can find current financial disclosure and Real‐Time
Level 2 quotes for Thinfilm on www.otcmarkets.com.
Financial disclosure and other information about the Company are
also available at www.thinfilm.no.
About Thin Film Electronics ASA
Thinfilm is a leader in the development of Printed Electronics.
The first to commercialize printed, rewritable memory, the Company
is creating printed systems that include memory, sensing, display,
and wireless communication, all at a low cost unmatched by any
other electronic technology. Thinfilm’s roadmap integrates
technology from a strong and growing ecosystem of partners to
enable the Internet of Everything by bringing intelligence to
disposable goods.
Thin Film Electronics ASA (“Thinfilm”) is a publicly listed
Norwegian company with headquarters in Oslo, Norway; product
development and production in Link�ping, Sweden; product
development, production, and business development in San Jose,
California, USA; and sales offices in the United States, Japan, and
Singapore. For more information, visit www.thinfilm.no or follow us
on Twitter @ThinfilmMemory.
About Cowen and Company
Cowen and Company offers comprehensive investment banking
services, including equity, equity-linked and debt financings and
mergers and acquisitions advisory services. In addition, we offer
our clients access to world-class research, as well as
institutional sales and trading services. Drawing upon the depth of
our research and industry knowledge, we specialize in the key areas
of growth in our economy. Our industry sector expertise includes
Health Care, Technology, Media & Telecommunications, Consumer,
Energy, Metals and Mining, Aerospace & Defense and
Transportation. In addition, we offer extensive and focused
aftermarket trading services as a leading market maker in our
target sectors. For more information regarding Cowen, please visit
www.cowen.com.
About OTCQX International
OTCQX is the best marketplace for established, global and growth
companies operated by OTC Markets Group. To qualify for the OTCQX
marketplace, companies must meet high financial standards,
demonstrate compliance with U.S. securities laws, be current in
their disclosure, and be sponsored by a professional third-party
advisor. The companies found on OTCQX are distinguished by the
integrity of their operations and diligence with which they convey
their qualifications. For more information, please visit
www.otcmarkets.com.
Disclaimer: This message is not an
offer or solicitation to subscribe for, or purchase, any securities
issued by Thinfilm or its affiliates. Any securities referred to
herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the “Securities Act”).
Securities may not be offered or sold in the United States of
America absent registration or an exemption from registration under
the Securities Act.
For more information on Thinfilm please contact:Thin Film
Electronics ASABill Cummings, +1 408-503-7312VP, Marketing &
Communicationsbill.cummings@thinfilm.noorBlanc & Otus for Thin
Film Electronics ASAJennifer Smith, +1
415-856-5152jsmith@blancandotus.comwww.blancandotus.com