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The printed electronics device is the start of a series of low-cost electronic label systems that will enable the ‘Internet of Everything’.
December 10, 2013
By: Steve Katz
Associate Editor
The temperature monitoring market is growing and is predicted to reach over $3.2 billion by 2020. With an annual 9% growth rate, the market is driven by the global need to reduce waste and improve consumer safety with regard to perishable goods. To serve this market, Norway-based Thin Film Electronics ASA (ThinFilm) has developed and successfully demonstrated its standalone Smart Sensor Label – a temperature-tracking label – designed for monitoring of perishable goods. The Smart Sensor Label is a complete closed system built from printed and organic electronics There are several application possibilities for this new product. For example, Thinfilm’s Smart Sensor Label will help pharmaceutical companies keep temperature-sensitive products safe and effective, while preventing the unnecessary destruction of usable products. Retailers using temperature-monitoring labels during shipment of produce and other food products will have immediate insight with regards to both shelf life and food safety. Davor Sutija, Thinfilm CEO, emphasizes temperature monitoring is just the beginning. “The integration of memory and logic creates an extensible platform, on which we will be able to create a wide variety of low-cost electronics in a label format. Printing provides scale and cost advantages that cannot be matched by any other electronic technology. With our customers, we are delivering the ubiquitous intelligence necessary to turn the Internet of Things into the Internet of Everything.” The Internet of Things that Sutija refers to is considered a “megatrend” driven by embedded intelligence. The “Internet of Everything” takes this concept a little further to include every small object, even perishable ones, Sutija says. “It’s about creating a world filled with smart, interactive objects, each capable of providing actionable information about itself, its users, or its environment. According to Cisco, Internet of Everything is a 14.4 trillion dollar market today. The challenge is that the cost of electronics has limited its reach.”
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