NTERA and GSI Technologies Sign License and Material Supply Agreement


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NTERA Inc., one of the leaders in all-printed, flexible, color change display technologies, and GSI Technologies, a manufacturer of functional printed electronic components, have entered into a multi-year license and material supply agreement to produce devices using NTERA's NanoChromics technology. The companies will bring a range of printed electronics products to market, leveraging the unique capabilities of NTERA's all printed display technology. Initial products will focus on Smart Cards, including unique color change elements on stored value cards (novelty and gift) as well as one-time passcode (OTP) authentication cards used to protect online information in the enterprise, banking and consumer markets.

Under the agreement, GSI Technologies will manufacture printed electronics products using NTERA's NanoChromics technology at its Burr Ridge, Illinois manufacturing facility. GSI has implemented NTERA's NanoChromics material and technology on its sheet-fed and web-fed (roll-to-roll) printing assets.

"We believe that NTERA's technology represents a significant breakthrough in terms of reducing the overall cost of manufacture for printed displays," said Jack Kraemer, President and COO of GSI Technologies, LLC. "NanoChromics is an exciting technology for addressing the economics and mass production at scale required to introduce displays into a broad range of printed electronics applications, starting with Smart Cards."

"Working with GSI Technologies, a recognized leader in printed electronics with numerous products already in mass production, represents indisputable validation of the commercial potential of our technology in this market," said David Corr, CEO of NTERA, Inc. "The commercial manufacturing of our single substrate, all-printed NCD(TM) technology endorses the new direction we took late last year to focus our business activities on the rapidly emerging printed electronics market."

About NTERA

NTERA Inc. is the leading developer of advanced, fully printable electrochromic materials enabling display and color change applications for Smart Cards, Smart Packaging and Smart Objects. NTERA's NanoChromics Ink Systems enable very low cost manufacturing of printed electronic displays on a variety of flexible substrate materials using industry standard printing techniques and equipment. These ultra-thin, sunlight-readable, low power NCD displays can be integrated into any number of products, including plastic cards, packaging, smart labels, RFID systems, greeting cards, toys and games, and consumer electronic devices. NTERA is based in suburban Philadelphia, Pennsylvania, with research and development facilities in Dublin, Ireland. For more information, visit www.ntera.com.

About GSI Technologies

GSI Technologies is a manufacturer of functional printing and industrial graphic products. For more information, visit www.gsitech.com.

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