Thin Film Electronics ASA ("Thinfilm") today announced that it has leased a former Qualcomm-owned manufacturing facility in Silicon Valley and will relocate its current US headquarters and NFC Innovation Center in the first quarter of 2017.
The new location will house Thinfilm's new high-volume roll-to-roll manufacturing line. Roll-based production will increase Thinfilm's front-end production capacity to five billion NFC OpenSense(TM) and NFC SpeedTap(TM) tags per year - the equivalent of up to $680 million in annual revenue. Thinfilm intends to begin ordering line-related equipment immediately.
In the near term, the facility upgrade enables Thinfilm to scale existing sheet-based manufacturing of
The new location will house Thinfilm's new high-volume roll-to-roll manufacturing line. Roll-based production will increase Thinfilm's front-end production capacity to five billion NFC OpenSense(TM) and NFC SpeedTap(TM) tags per year - the equivalent of up to $680 million in annual revenue. Thinfilm intends to begin ordering line-related equipment immediately.
In the near term, the facility upgrade enables Thinfilm to scale existing sheet-based manufacturing of
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