Thinfilm Readies for Industrial IoT Market Through Key Partnerships with Socket Mobile, Famoco, and SpringCard
Leading Providers of NFC-Reader Hardware Collaborate with Thinfilm to / Support Emerging 'Industrial Internet of Everything' Opportunity / Across Android, iOS, Desktop, and Embedded Systems
Today's IIoT is primarily focused on adding connectivity, sensors, and software to factories and other industrial/commercial properties such as parking garages, logistics/shipping facilities, power plants, airports, shopping malls, and hospitals. In factories, the McKinsey Global Institute forecasts a $1.2 to $3.7 trillion economic impact of IIoT by 2025. Beyond investments in machinery and analytics, the IIoT has implications related to the physical items that help an industrial or commercial facility run smoothly - including service items and consumables such as lightbulbs, chemicals, filters, and batteries. To maximize the benefits of the IIoT both inside the factory and in the downstream supply chain, these essential items can be integrated with Thinfilm's NFC SpeedTap(TM) tags. This integration adds simple wireless connectivity and basic, uniquely identifiable intelligence to a wide range of physical items that can be quickly and reliably read using pre-validated, enterprise-ready NFC-reader devices.
NFC-enhanced items can enable a range of IIoT use cases with a single tap to a reader device:
- Verify industrial supplies and other items to ensure that the right parts, consumables, ingredients, and/or refills are being used with the right machines
- Manage consumables and instantly reorder expired or depleted stock via streamlined, frictionless e-commerce integration
- Report and manage quality issues with item-level precision
- Facilitate product recalls
- Secure supply chains with track & trace visibility, gray market activity detection, and end-user product authentication
Socket Mobile, headquartered in Silicon Valley, is a leader in handheld Bluetooth-connected barcode scanners supporting logistics, healthcare, life sciences, retail, and government applications. The company's first NFC-enabled model - the D600 - adds Thinfilm NFC tag reading capabilities to Bluetooth-connected iOS (iPhone, iPad) and Android devices that are already deployed throughout enterprises. Enterprises gain access to Socket Mobile's SDK to build mobile applications that allow factory employees, logistics workers, and inspectors to use the D600 to rapidly, conveniently, and ergonomically read NFC tags with a wireless handheld reader. Thinfilm NFC tags have been fully validated with the D600 reader, which will be widely available in the second half of 2017.
SpringCard, based in Paris, France, is a leading manufacturer of RFID and NFC reader hardware for access control, public sector, logistics, and security markets. Thinfilm tags have been fully validated with a variety of SpringCard products, including NFC reader modules that can be implemented throughout a production line for inspection, sorting, and shipment stages. Outside the factory, USB-connected SpringCard readers enable frictionless NFC integration throughout a business, including customer-facing retail applications that support loyalty programs and customer service. SpringCard NFC reader hardware is currently available in market.
Famoco, also based in Paris, is a recognized innovator in the design of enterprise-ready Android handheld NFC smart devices used in field process management, tracking, hospitality, and ticketing applications. Famoco devices feature full-color touchscreens and, due to their minimal street value, can be assigned to production staff, quality control, customs inspectors, and other employees as a remotely managed and affordable alternative to smartphones. Thinfilm tags have been fully validated with the latest generation of Famoco's FX-series readers, which are commercially available today.
"Just as brand marketers use NFC to add smartphone interactivity to everyday consumer products, industrial users can use NFC to streamline factory operations and protect supply chains," said Davor Sutija, Thinfilm's CEO. "Thinfilm's technology partnerships with Socket Mobile, Famoco, and SpringCard - established leaders in the NFC reader hardware space - allow industrial users to implement NFC at any stage of operations while leveraging deployed IT infrastructure. This simplifies the creation of turnkey systems that will expand the basic IIoT into a comprehensive 'Industrial Internet of Everything'."
Thin Film Electronics ASA
Thinfilm is a global leader in NFC mobile marketing and smart-packaging solutions using printed electronics technology. The Company creates printed tags, labels, and systems that include memory, sensors, displays, and wireless communication - all at a cost-per-function unmatched by conventional electronic technologies.
Thinfilm offers end-to-end mobile marketing solutions that feature hardware, label/packaging integration services, and comprehensive cloud-based management, reporting and analytics. Collectively, these components deliver a powerful 1-to-1 digital marketing platform through which brands of all sizes can connect directly with consumers, all with the simple tap of a smartphone. The resulting disintermediation of search engines, online marketplaces, and social platforms empowers brands to control messaging, enhance consumer dialogue, build loyalty, increase engagement, and drive sales.
Thinfilm's roadmap integrates technology from a strong and growing ecosystem of partners to bring intelligence to everyday, disposable items. Its mission is to effectively extend the traditional boundaries of the Internet of Things to fuel the Internet of Everything.
Thin Film Electronics ASA is a publicly listed company in Norway with global headquarters in Oslo, Norway; US headquarters in San Jose, California; and offices in Linköping, Sweden; San Francisco; London; and Shanghai. For more information, visit www.thinfilm.no.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act).