Thin Film Electronics ASA sent out a press release earlier this month announcing that the start-up had been named a runner-up by The Wall Street Journal for the Wall Street Journal Technology Innovation Award. Thinfilm received the accolade in the Semiconductors and Electronics category for its “disruptive breakthroughs from conventional ideas and methods.” PARC, a Xerox company, was also named as runner-up alongside Thinfilm for the prominent Wall Street Journal Technology Innovation Award.
Both Thinfilm and PARC worked on the Thinfilm Addressable Memory(TM) which is basically the “first printed electronic rewritable memory.” The technology is expected to be the basis for a number of innovations in the printed electronic system products market and is expected to revolutionize the sector.
Davor Sutija, CEO at Thinfilm, is happy to receive the award and is excited about his company’s future. He stated that, “We are proud that The Wall Street Journal recognizes the work Thinfilm is doing together with its technology partners, especially PARC, to introduce intelligence to everyday items. Ultra low cost printed electronic systems are a disruptive technology, and will allow even disposable items to include sensors and logic in order to interact with consumers and users.”
Thinfilm has developed a partner ecosystem which it will use to make its technology available for everyday use. The partners include firms using Thinfilm to develop unique materials or electronics. There are also manufacturers working to create printed displays and sensors which will allow almost any type of item to be intelligent.
The WSJ recognition is not the only attention coming Thinfilm’s way as the start-up has also found itself a finalist in the World Technology Awards Materials category. Winning prizes from FlexTech Alliance and IDTechEx earlier in the year further improved the company’s reputation. GigaOm also named Thinfilm as one of the “15 Most Innovative Companies in mobile.”
The Norway based Thinfilm was part of 536 applications sent to the The Wall Street Journal, where editors and reporters went through the paper work and selected 172 ideas. Then a panel consisting of venture-capital firms, universities and companies reviewed the applications to choose winners and runner ups for 18 categories.
Source: Reuters
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