David Savastano, Editor01.29.14
In an important acquisition, Oslo, Norway-based Thin Film Electronics ASA (Thinfilm) acquired Kovio’s technology, intellectual property and manufacturing assets. The acquisition includes more than 250 international patents and patents pending covering electronic inks, NFC and RF applications and protocols, process technologies, devices and circuits, as well as pilot manufacturing capacity of hundreds of millions of units per year at Kovio’s 60,000 square foot manufacturing and development facility in San Jose, CA.
Thinfilm completed the acquisition of Kovio for $2.7 million in cash and $1.0 million in equity, consisting of 1.0 million in Thinfilm shares, acquired by Kovio creditors at 5.92 NOK/share.
Thinfilm has built up a wide range of applications in the field of printed electronics (PE), most notably a collaboration the Bemis Company for smart labels. Kovio had made inroads into PE as well, designing and manufacturing printed silicon products such as near field co
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