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Thin Film Electronics, a global leader in printed electronics and smart systems, has announced it has been named the recipient of a 2016 IoT Evolution Asset Tracking Award for OpenSense, its revolutionary NFC (Near Field Communication) product.

The award was given by IoT Evolution World and IoT Evolution Magazine, leading print and online publications covering the broader “Internet of Things” marketplace. It honors “excellence in innovation utilizing IoT technologies to automate the asset tracking functions to increase efficiencies, reduce theft, or optimize utilization of the asset.

“We have a great ecosystem at the heart of IoT, and the IoT Evolution Asset Tracking Award highlights innovation within asset management,” said Carl Ford, CEO & Community Developer for IoT Evolution. “In selecting the winners, I have been impressed with the ingenuity and real-world application of the award winning products.”

OpenSense tags are thin, flexible labels that can detect both a product’s “factory sealed” and “opened” states and wirelessly communicate with the tap of an NFC-enabled smartphone. The tags, which are virtually impossible to clone, contain unique identifiers that make it possible to authenticate products and track them to the individual-item level using powerful software and analytics tools. In addition, the tags remain active even after a product’s factory seal has been broken, empowering brands to extend a targeted dialogue with manufacturers, supply chain partners, retailers, and consumers alike.

“Thinfilm is pleased to receive this award, especially given its focus on technology innovation for IoT-related applications,” said Davor Sutija, CEO of Thinfilm. “Whether verifying that a product has not been tampered with throughout the supply chain, validating its authenticity, or confirming its continuous sealed state, OpenSense helps businesses take asset tracking to an entirely new level.”

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