Minneapolis, MN - 12-April, 2007 - Soligie, Inc., a market leader providing integrated printed electronic solutions, and Thin Film Electronics ASA ("Thinfilm") of Oslo, Norway with R&D facilities in Linkoping, Sweden announced today that they have entered into an agreement to jointly develop processes for producing printed memory in commercial volumes. In the agreement, Soligie has been granted an option to acquire certain production and commercialization rights to Thinfilm's memory technology under a Patent and Know How License Agreement. Johan Carlsson, CEO of Thinfilm stated that "Given Soligie's expertise, dedication and focus on the production of printed electronics, Soligie is an ideal partner for high volume manufacturing and commercialization of our technology. The collaboration with Soligie will open exciting new opportunities for the printed electronics industry by enabling a programmable memory feature into products such as smart labels, smart packaging, game cards, smart cards, toys and RFID tags." This joint development agreement will build on Thinfilm's Intellectual Property for soluble memory materials, and Soligie's Intellectual Property for printing functional materials. "Thinfilm has demonstrated a printable material with unique memory characteristics, and we see a market need for standalone products using printable, re-writeable memory on flexible substrates. Furthermore, as the printed electronics market continues to mature we see numerous opportunities to integrate re-writeable memory with other electronic functions. Soligie continues to add new, innovative technologies to our repertoire, expanding our capability to manufacture integrated products for our clients. We're very excited to be working with Thinfilm on this project" commented Matt Timm, President of Soligie. Printed electronics is a new, emerging industry that takes advantage of printing technologies to manufacture electronics with a wider variety of form factors, including thin, flexible substrates. Through the use of proprietary printing techniques, these electronic circuits can be manufactured at high efficiency and very high volumes when compared to traditional electronics. This enables electronic functionality in a whole new family of products such as medical and consumer disposables, cards, labels, toys and games. Thin Film Electronics Thinfilm is the pioneer in the use of functional polymer materials for non-volatile memory applications. Dense functional memories have been demonstrated using both traditional processing for silicon-based chips and more recently printing. Thinfilm delivers printed memory today and, with partners like Soligie, will deliver integrated printed electronics tomorrow. Soligie Soligie is the leading company to manufacture products with integrated, printed electronics in a thin, flexible form-factor. Soligie manufactures products according to customer specifications, and through Soligie's design services can assist clients with the transition from concept to final design. Their proprietary techniques enable the development of reliable, custom manufacturing processes using a full range of functional inks and specialized substrates. Soligie is owned by the Taylor Corporation. Taylor Corporation Taylor Corporation is a holding and development company based in Mankato, MN and owns/operates nearly 100 entities, many of which are engaged in marketing, print production and related media businesses. For more information contact: Soligie Inc. Matt Timm President, Soligie 507.389.4367 [email protected] www.soligie.com Thin Film Electronics ASA Johan Carlsson CEO, Thin Film Electronics +46 13 460 24 01 [email protected] www.thinfilm.se The press release (including picture) can be downloaded from the following link: