Welcome to our dedicated page for SmartKem news (Ticker: SMTK), a resource for investors and traders seeking the latest updates and insights on SmartKem stock.
SmartKem, Inc. (OTCQB: SMTK) is at the forefront of transforming the electronics industry with its innovative organic thin-film transistors (OTFTs). The company's core focus lies in the design, development, and technology transfer of low-temperature, solution-deposited organic semiconductors, primarily used in transistor backplanes. These semiconductors find applications in a wide range of display technologies, including mini-LED displays, AMOLED displays, fingerprint sensors, and logic circuits.
SmartKem’s cutting-edge TRUFLEX® inks, which enable these advances, boast low-temperature processing and high charge mobility, offering an affordable and efficient alternative to traditional semiconductor solutions. The company’s technology is geared towards revolutionizing the display industry by providing cost-effective, high-performance display solutions compatible with existing manufacturing infrastructures.
Recent Achievements and Projects
- On November 7, 2023, SmartKem announced a significant scientific publication in Nature Communications, highlighting the integration of OTFT technology with micro-LED displays, demonstrating the highest brightness and resolution metrics achieved in the field.
- The company has entered into a joint development agreement with Shanghai Tianma Microelectronics Co., Ltd., aiming to integrate OTFTs with oxide transistors to create advanced biochips for various sensor applications.
- SmartKem has also collaborated with the Industrial Technology Research Institute (ITRI) in Taiwan as part of its commercialization strategy, enabling global display manufacturers to prototype products using SmartKem's technology.
- The company recently announced a partnership with RiTdisplay Corp. to develop a new type of active-matrix OLED display, which is anticipated to be a groundbreaking advancement in display technology.
- In March 2024, SmartKem was awarded funding by Innovate UK as part of the Taiwan-UK Research & Development Collaboration, supporting their joint efforts in display technology innovation.
Financial Condition
As of December 31, 2023, SmartKem reported a decrease in operating losses to $8.5 million, attributed to reduced research and development expenses and lower administrative costs. The company secured $12.7 million in financing activities throughout the year, significantly bolstering its financial position.
Partnerships and IP Portfolio
SmartKem has an extensive portfolio of 125 granted patents across 19 patent families and 40 codified trade secrets, underscoring its innovative prowess and commitment to advancing display technologies. Partnerships with leading research institutes and corporations like ITRI and RiTdisplay further strengthen SmartKem’s market position and potential for commercial success.
For more information, visit: www.smartkem.com and follow the company on LinkedIn and Twitter @SmartKemTRUFLEX.
Smartkem (Nasdaq: SMTK), a pioneer in organic thin-film transistors (OTFTs), is set to present at The International Conference on Flexible and Printed Electronics (ICFPE) 2024 in Taipei, Taiwan. The company's Head of Technology Transfer, Steven Tsai, will deliver a presentation titled 'Developing Flexible Integrated Circuits Through Customized Organic TFTs' on August 28th, 2024, at 2:40 PM local time.
The presentation is part of a session on 'Flexible and Printed Electronics: New Technologies and Applications', moderated by Dr. Klaus Hecker from OE-A. Smartkem representatives will be available for meetings throughout the conference, which runs from August 28th to 30th, 2024. This event provides a platform for Smartkem to showcase its potential in powering next-generation displays using its disruptive OTFT technology.
Smartkem (Nasdaq: SMTK), a pioneer in organic thin-film transistors (OTFTs), is set to present at The 24th International Meeting on Information Display (IMID) 2024 in Korea. The company's Integration Lead, Dan Sharkey, will deliver a presentation titled 'Chip-First Active-Matrix Fabrication Approach Improves Transistor Connectivity to Miro-LEDs for Higher Yielding Displays' on Friday, August 23, 2024, at 14:25 local time.
The presentation is part of a session on 'Circuit Design and Implementations of TFT' and will take place in Room C (Samda) at the Jeju International Convention Center. Smartkem representatives will be available for meetings throughout the conference, which runs from August 20th to 23rd, 2024. This event provides a platform for Smartkem to showcase its innovative OTFT technology, potentially driving the next generation of displays.
Smartkem (Nasdaq: SMTK), a company developing organic thin-film transistors (OTFTs) for next-generation displays, reported its Q2 2024 financial results. Key highlights include:
1. Uplisting to Nasdaq in May 2024
2. Revenue of $40,000 in Q2 2024, up from $8,000 in Q2 2023
3. Operating expenses increased to $3.0 million from $2.5 million year-over-year
4. Cash and cash equivalents of $4.4 million as of June 30, 2024
The company is pursuing a three-pillared commercialization strategy: improving proprietary materials, developing electronic design automation tools, and providing access to foundry services. Smartkem has entered into several collaborations and agreements to advance its OTFT technology in various applications.
Smartkem (NASDAQ: SMTK) announced that CEO Ian Jenks will attend the ROTH 10th Annual London Conference from June 25-27, 2024, at the Four Seasons Hotel London at Park Lane. This event will allow investors to engage with executives from around 70 companies across sectors like Sustainability and Technology. The format includes 40-minute 1-on-1 and small group meetings to provide in-depth insights. For meeting requests, email oneonone@roth.com. More details about the conference are available at the ROTH website, and Smartkem's Nasdaq information can be found on the Nasdaq website.
Smartkem (NASDAQ: SMTK) will present at TechBlick: The Future of Electronics Reshaped conference in Boston on June 13, 2024. CEO Ian Jenks will discuss 'Powering the Next Generation of Displays' at 10 AM ET, followed by a live Q&A. Jenks will also chair a session on 'Printed Electronics for Embedded RF Die Packaging' at 11:15 AM. The presentation aims to showcase Smartkem's semiconductor polymer transistors and their potential in advanced display technologies. The event will take place at UMass Boston, Room 3545, Campus Center.
Smartkem announced its common stock uplisting to Nasdaq's Capital Market tier, effective May 31, 2024, trading under the symbol "SMTK".
Previously listed on OTCQB, this move is expected to enhance marketability, liquidity, and trading volume.
CEO Ian Jenks highlighted the significance of the uplisting for increased capital access and long-term shareholder value. No shareholder action is required due to this transition.
Further details are available on the OTC Markets website.
Smartkem, a developer of semiconductor polymer transistors, will be exhibiting and presenting at Display Week 2024. The company's Chairman and CEO will deliver a keynote speech on 'Powering the Next Generation of Displays Using OTFT Technology'. Smartkem will showcase TRUFLEX organic semiconductor inks and discuss progress in enabling OTFT backplane foundry services. The company aims to develop low-cost microLED displays at large scale. Smartkem's booth number is 1532, and the presentation will take place on May 13th, 2024, in San Jose, USA.
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