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© yuri-arcurs-dreamstime.com Business | January 22, 2014

Thinfilm completes Kovio Technology acquisition

Thin Film Electronics has completed acquisition of Kovio technology, intellectual property, and manufacturing assets, and has opened the Thinfilm NFC Innovation Center in the heart of Silicon Valley.
"Adding NFC to our printed electronic memory and sensor platform will allow the seamless exchange of information between Thinfilm's Smart Labels and NFC-enabled phones and tablets." explains Davor Sutija, Thinfilm CEO. "Kovio technology is the only industry-supported NFC interface in printed electronics. We're launching the Thinfilm NFC Innovation Center with a strong NFC team, significantly expanded intellectual property, and pilot manufacturing."

"The acquisition of Kovio technology is an astute strategic move by Thinfilm. Kovio has impressive capability, NFC products and IP that will accelerate Thinfilm's product roadmap, in addition to giving Thinfilm a substantial presence in Silicon Valley." says Raghu Das, CEO, IDTechEx.

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