Market Overview

Thinfilm and Clause Collaborate to Deliver NFC Technology to Blockchain Smart Legal Contracts


NFC to facilitate the connection of physical goods to digital
contracts while automating and streamlining supply chain administration

Film Electronics ASA
("Thinfilm") ((OSE: THIN, OTCQX:TFECY), a
global leader in NFC (near field communication) mobile marketing
solutions, today announced a collaboration with Clause,
the leading provider of "smart" legal contracting technology.

Through the collaboration, Clause and Thinfilm will use NFC to
facilitate the pairing of physical goods to digital contracts through
the tap of a smartphone. The resulting connection will deliver key
functional and efficiency improvements for customers across the Clause
"connected contracting" platform, including contract creation and
management, supply chain administration, and invoice/payment automation.
Thinfilm will integrate Clause's connected contracting solution with the
CNECT™ Cloud Platform, making it available to existing and prospective
customers interested in "smart" legal contracts. Thinfilm will feature
as one of the first integrations on the Clause platform.

The solution will also position Thinfilm's CNECT™ Blockchain Services as
an optional security feature, empowering customers and partners of both
organizations to authenticate products, confirm deliveries, review
supply chain routes, and verify the provenance of goods. A simple
smartphone tap stores relevant information in the CNECT blockchain,
allowing customers to leverage transactional history to automate a range
of functions, including contract execution and payment triggers.

"At Clause we make legal contracts ‘come alive' through connections to
external data sources and enterprise software systems," said Houman
Shadab, CEO of Clause. "We saw Thinfilm's NFC technology as an
innovative and highly effective way to facilitate a connection to the
physical world while empowering customers to digitize, automate, and
monitor the shipment and delivery of goods in real time."

The unique relationship with Clause represents a key step forward in
Thinfilm's efforts to further extend its CNECT Cloud Platform and
strengthen its supply chain offering.

"Both Clause and Thinfilm are intently focused on delivering value by
connecting the physical and digital worlds," said Davor Sutija, CEO of
Thinfilm. "We believe customers will greatly benefit from the enhanced
‘smart contracts' solution, and we look forward to working closely with
the Clause team."

About Thin Film Electronics ASA

Thinfilm is enabling the Internet of Everything through our NFC (near
field communications) solutions. We provide consumer-focused NFC mobile
marketing as well as industrial and supply chain solutions, including
blockchain applications. Thinfilm provides end-to-end support throughout
the entire process. This starts with the manufacturing of NFC tags
through our ground-breaking, roll-to-roll printed electronics production
process, integration support to get those tags on physical objects, and
our CNECT™ cloud-based software platform which captures data and
provides actionable insights into consumer behavior and business

Thin Film Electronics ASA is a publicly listed company in Norway with
global headquarters in Oslo, Norway; US headquarters in San Jose,
California; and offices in Linköping, Sweden; San Francisco; London;
Hamburg; Singapore; and Shanghai. For more information, visit

About Clause

Clause is the leading contract management platform for connected
contracting. Using Clause, contracts can be integrated with enterprise
tools such as Stripe, Xero, Slack, blockchain systems, and many others
to digitize, automate, and simplify transactions and contract
administration. Clause is headquartered in New York City, NY. For more
information, visit

This information is subject of the disclosure requirements acc. to
§5-12 vphl (Norwegian Securities Trading Act).

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