Xerox Purchases IP Portfolio for Thinfilm's Printed Rewriteable Memory Labels

Thin Film Electronics ASA ('Thinfilm') (OSE: THIN; OTCQX: TFECY) today announced that global technology leader Xerox Corp. (NYSE: XRX) will acquire certain Thinfilm Memory(TM) intellectual property (IP). In return, Thinfilm will receive an up-front payment plus an earn-out based on the existing agreed-to royalty schedule.