SmartKem, Inc. - SMTK STOCK NEWS

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.

05/01/2024 08:00 AM

News

Smartkem To Exhibit and Present at Display Week 2024

Rhea-AI Summary

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.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

04/22/2024 10:00 AM

News

Smartkem To Exhibit and Present at the TechBlick Innovations Festival

Rhea-AI Summary

Smartkem, a developer of semiconductor polymer transistors, is sponsoring the TechBlick Innovations Festival and will present on April 25th, 2024. The presentation by Dr. Simon Ogier will focus on Organic Thin-Film Transistor (OTFT) Technology and partnerships for commercial production.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

04/17/2024 08:00 AM

News

Smartkem To Exhibit and Present at Touch Taiwan - Display International 2024

Rhea-AI Summary

Smartkem, a developer of semiconductor polymer transistors, is a gold sponsor at Touch Taiwan - Display International 2024. They will present on 'Low Warpage Solution for MicroLED Displays' and showcase their technology at the conference.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

03/28/2024 08:00 AM

News

Smartkem Reports Fourth Quarter and Full Year 2023 Financial Results

Rhea-AI Summary

Smartkem (SMTK) reports financial results for 2023, highlighting key business developments and financial figures. The company saw an increase in cash reserves, completed a private placement, and focused on strategic collaborations. Despite a decrease in revenue, Smartkem aims for commercialization and product advancements in 2024.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

03/22/2024 08:00 AM

News

Smartkem Commences Project with RiTdisplay To Develop World's First Commercially Ready Active-Matrix OLED Display Using OTFT Technology

Rhea-AI Summary

Smartkem collaborates with RiTdisplay to develop world's first commercially ready AMOLED display using organic transistors funded by Taiwan-UK Research & Development Collaboration.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

03/18/2024 10:00 AM

News

Smartkem Announces Technology Collaboration Agreement with the Industrial Technology Research Institute (ITRI) in Taiwan

Rhea-AI Summary

Smartkem (SMTK) announces a technology collaboration agreement with the Industrial Technology Research Institute (ITRI) in Taiwan to accelerate the manufacturing of commercially ready products using Smartkem's OTFT technology. The collaboration aims to prototype products on ITRI's Gen 2.5 hybrid pilot line before transferring to customers' manufacturing lines or third-party subcontractors, potentially revolutionizing display manufacturing processes globally.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

02/20/2024 08:00 AM

News

SMARTKEM ANNOUNCES JOINT DEVELOPMENT AGREEMENT WITH TIANMA

Rhea-AI Summary

Smartkem, Inc. (SMTK) partners with Shanghai Tianma Microelectronics Co., Ltd. to develop OTFT-based microarray biochips, potentially opening new markets for their technology. The collaboration aims to combine Smartkem's OTFTs with Tianma's oxide transistors to create logic gates for sensor and IoT applications. The project is expected to leverage Smartkem's high charge mobility organic transistors to enhance performance and reduce production costs compared to traditional silicon devices.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

11/28/2023 08:00 AM

News

SMARTKEM, INC. APPOINTS MELISA A. DENIS TO THE BOARD OF DIRECTORS

Rhea-AI Summary

SmartKem, a company specializing in organic thin-film transistors (OTFTs) and listed as SMTK on OTCQB, has appointed Melisa A. Denis to its Board of Directors. Ms. Denis will chair the Audit Committee and join the Compensation and Nominating and Corporate Governance Committee. With a background in Big-4 accounting and public company board experience, Ms. Denis is expected to bring valuable expertise as SmartKem continues to disrupt the world of technology with its leading-edge organic thin-film transistors.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-3.19%

Tags

11/27/2023 08:00 AM

News

SMARTKEM, INC. CHIEF TECHNOLOGY OFFICER, DR. SIMON OGIER, TO GIVE LIVE PRESENTATION AT TECHBLICK MINI- AND MICRO-LED DISPLAYS CONFERENCE

Rhea-AI Summary

SmartKem, a company reshaping the electronics industry with organic thin-film transistors (OTFTs), will have its Chief Technology Officer, Dr. Simon Ogier, present at the virtual TechBlick Mini- and Micro-LED Displays conference on November 29, 2023. The presentation will focus on 'Chip-first active-matrix micro-LED displays using low temperature OTFT backplanes' and demonstrate the capabilities of SmartKem's technology described in a recent paper published in Nature Communications.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

11/27/2023 08:00 AM

News

/C O R R E C T I O N -- SmartKem, Inc./

Rhea-AI Summary

SmartKem, a company listed on the OTCQB under the ticker symbol SMTK, announced that its Chief Technology Officer, Dr. Simon Ogier, will be presenting at the virtual TechBlick Mini- and Micro-LED Displays conference on November 29, 2023. The presentation will focus on SmartKem's disruptive organic thin-film transistors (OTFTs) technology and micro-LED display application, showcasing the capabilities of their recent paper published in Nature Communications.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

FAQ

What is the current stock price of SmartKem (SMTK)?

The current stock price of SmartKem (SMTK) is $2.595 as of November 4, 2024.

What is the market cap of SmartKem (SMTK)?

The market cap of SmartKem (SMTK) is approximately 4.7M.

What does SmartKem, Inc. do?

SmartKem focuses on developing organic thin-film transistors (OTFTs) for use in advanced display technologies, including mini-LED, AMOLED, and micro-LED displays.

What are SmartKem's recent achievements?

Recent achievements include a joint development agreement with Shanghai Tianma Microelectronics, a strategic partnership with ITRI in Taiwan, and significant scientific publications demonstrating the capabilities of their OTFT technology.

What are TRUFLEX® inks?

TRUFLEX® inks are SmartKem's proprietary semiconductor and dielectric inks used to create organic thin-film transistors, enabling low-temperature processing and high charge mobility.

What applications can SmartKem's OTFT technology be used for?

SmartKem's OTFT technology is used in a variety of display technologies such as mini-LED, AMOLED, and micro-LED displays, as well as in fingerprint sensors and logic circuits.

How is SmartKem contributing to the display industry?

SmartKem is revolutionizing the display industry by providing cost-effective, high-performance display solutions compatible with existing manufacturing infrastructures.

What is the financial condition of SmartKem?

As of December 31, 2023, SmartKem reported a decrease in operating losses to $8.5 million and secured $12.7 million in financing activities, strengthening its financial position.

What is the significance of SmartKem's partnership with ITRI?

The partnership with ITRI enables global display manufacturers to prototype products using SmartKem's OTFT technology, accelerating the development of low-temperature processed display backplanes.

What are some key collaborations of SmartKem?

Key collaborations include agreements with Shanghai Tianma Microelectronics, ITRI, and RiTdisplay Corp., focusing on integrating OTFT technology with various display and sensor applications.

What is SmartKem's IP portfolio like?

SmartKem has an extensive IP portfolio with 125 granted patents across 19 patent families and 40 codified trade secrets, highlighting its innovative strength.