EDISON EQUITY RESEARCH: THIN FILM ELECTRONICS: ADR UPDATE - NEW FUNDING AND MASS-MARKET MOVES
February 22 2016 - 10:36AM
InvestorsHub NewsWire
EDISON EQUITY RESEARCH: THIN FILM ELECTRONICS: ADR
UPDATE - NEW FUNDING AND MASS-MARKET MOVES
Thinfilm has secured $42m in new funding from Woodford, which has
agreed to acquire 17.8% of the shares. The company has also
announced two NFC OpenSense deals: an exclusive partnership to
deliver the technology to clients of Arc, a shopper marketing
agency within Leo Burnett, and a collaboration with Constantia
Flexibles, a leading manufacturer of flexible packaging and labels.
These deals further underpin our expectation of substantially
increased order volumes for NFC OpenSense from H216, not only in
security-conscious areas such as pharma and beverages, but also
across the broader consumer spectrum. If realized, we see
considerable upside potential for the earnings outlook and
valuation, especially now that financing is assured for the year
ahead.
Thin Film Electronics (Thinfilm) commercializes printed electronics
and owns key patents for printing rewritable, non-volatile memory
and printable NFC circuits. It also licenses technology from others
to develop complete printed systems.
To view our full report, please click here
Click here to view all of Edison
Investment Research's published reports