Thinfilm Raises $110 Million as NFC Solutions Traction...
(WorldNews Norway)

Thinfilm Raises $110 Million as NFC Solutions Traction Increases among Leading Consumer Brands Proceeds fully fund CAPEX investments and operations; cash break-even expected in Q2 2019 OSLO, Norway, October 20, 2017 - Thinfilm Electronics ASA (`Thinfilm`) (OSE: THIN) (OTCQX:TFECY), a global leader in NFC (near-field communication) mobile marketing and smart product solutions, announced on Thursday that it successfully raised more than $110 million through a private placement with existing shareholders and new high-quality institutional investors. The proceeds fully fund the Company`s CAPEX requirements and operations leading up to an anticipated cash break-even point in early Q2 2019. The...