Thinfilm (OL:THIN) is the global leader in printed electronics, which is a low cost and highly scalable method of creating smart labels for the Internet of Things (IoT). In recent months the company has announced a slew of pilot orders and partnerships with leading brands, consultants and packaging companies, including global drinks giant Diageo (LON:DGE), labels leader Xerox (NYSE:XRX) and a major global FMCG producer. On a six- to nine-month horizon, we expect Thinfilm to translate this into strong growth in order volumes leading to a likely uptick in earnings forecasts and stock valuations.
Surge in new partners boosts revenue prospects
Thinfilm has seen a sharp increase in customer interest in recent months, gaining seven new partners, to add to the total of 12 reported in November. With six pilot orders currently in hand, its partners include brands (Diageo, a leading FMCG company, Ypsomed (SIX:YPSN), Barbadillo, Ferngrove), packaging suppliers (Constantia and Jones Packaging), store-tech consultants (Nedap (AS:NEDP), Arc/Leo Burnett, Tata Consulting (NS:TCS)), label specialists (SmartSign, Xerox) and the WCO.
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