THIN: Conditional Agreement to Acquire Kovio NFC Technology
Conditional Agreement to Acquire Kovio NFC Technology
Oslo, (PresseBox) - Thin Film Electronics ASA ("Thinfilm") (OSE: THIN.OL) has entered into a conditional agreement for the acquisition of printed near field communication (NFC) technology developed by Kovio, Inc. The Kovio NFC communication protocol is supported by the Google Android platform and major NFC controllers. Under the terms of the agreement, Thinfilm will acquire the Kovio intellectual property and manufacturing facilities, subject to certain conditions. The transaction is expected to close by the end of January, at which time Thinfilm will communicate additional information on its wireless roadmap and invite analysts for a company briefing in Oslo.