Thin Film Electronics ASA has announced that global technology leader Xerox Corp. will acquire certain Thinfilm Memory intellectual property (IP). In return, Thinfilm will receive an up-front payment plus an earn-out based on the existing agreed-to royalty schedule.

Thinfilm is a leader in NFC mobile marketing and smart-packaging solutions using printed electronics technology. The company creates printed tags, labels, and systems that include memory, sensors, displays, and wireless communication – all at a cost-per-function unmatched by conventional electronic technologies.