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, Inc. (OTCQB: SMTK) announced its participation in the Hi-Accµracy project, a European collaboration aiming to advance Organic and Large Area Electronics (OLAE). The project involves eleven companies and research institutions focusing on developing Organic Thin Film Transistors (OTFT) and Electroluminescent Quantum Dot Light Emitting Diode (EL-QD-LED) displays. SmartKem will create an OTFT back-plane, integrating it with QD-LED technology from consortium member Fraunhofer IAP. The project is expected to serve a growing market valued at €28.3 billion, with a focus on sustainable, cost-effective display manufacturing. Funded by the EU's Horizon 2020 program, it aims to innovate display technology and create job opportunities in Europe.
SmartKem (OTCQB: SMTK) will have its Chairman and CEO, Ian Jenks, present at two conferences on November 30, 2022. The first is a pre-recorded presentation at the Sequire Technology Conference at 12:00 PM ET and the second is a live presentation at the TechBlick Mini- and Micro-LED Displays & Quantum Dots Conference at 12:35 PM ET. SmartKem is focused on innovative semiconductor solutions, including their patented TRUFLEX® inks for displays and sensors. The company's R&D is based in Manchester, UK, with manufacturing at CPI in Sedgefield.
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