Thin Film Electronics ASA has partnered with NEXGEN Biotechnologies, Inc.
NEXGEN, based in Seoul, South Korea, is a leading biotech firm that develops and produces new, protein-based biological materials for the medical and cosmetics industries. The company was founded in 1999.
Through the partnership, NEXGEN will integrate Thinfilm's NFC OpenSense technology into containers and other packaging in order to monitor shipments throughout the supply chain and address product authentication needs.
As NEXGEN continues to expand distribution into foreign markets, including China, the company is taking a proactive approach in maintaining the integrity of its products and the vast supply chain through which they are delivered. Thinfilm's OpenSense technology will play a critical role, helping NEXGEN to combat counterfeiting, gray market diversion, unauthorized refills, and other fraudulent practices. Trusted partners and end customers will be able to tap on packaging with a smartphone or NFC reader to determine via Thinfilm's Authenticator App and the CNECT cloud platform whether the product is factory sealed or has been tampered with. Taps along the distribution route will also create a supply-chain audit trail that provides critical information such as date, time, and location of the spot inspections.
Thinfilm's NFC OpenSense tags are thin, flexible labels that can detect both a product's factory sealed and opened states and wirelessly communicate contextual content with the tap of an NFC-enabled smartphone or industrial reader. The tags contain unique identifiers that make it possible for NEXGEN to authenticate products and track them to the individual-item level using Thinfilm's Authenticator App and cloud-based platform, CNECT. The tags remain active even after a package's factory seal has been broken, empowering NEXGEN to extend the dialogue with supply-chain partners and end consumers.
The proteins and compounds developed by NEXGEN are innovative, so there's an inherent need to maintain the integrity of the materials throughout its distribution network, particularly in regions known for high levels of counterfeiting activity, said Davor Sutija, CEO of Thinfilm. The combination of OpenSense technology and our CNECT platform provides NEXGEN with the ideal solution, and enable them to protect their products while instilling trust among end customers.
About Thin Film Electronics ASA
Thinfilm is a global leader in NFC mobile marketing and...