Smartkem Announces Technology Collaboration Agreement with the Industrial Technology Research Institute (ITRI) in Taiwan
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Strategic agreement will accelerate ability to manufacture commercially ready products using Smartkem OTFT technology.
Smartkem's organic thin-film transistor (OTFT) technology will be used on ITRI's Gen 2.5 hybrid pilot line (substrate size: 370mmx470mm), with the aim to develop low-temperature processed display backplanes. This multi-year technology collaboration agreement is part of Smartkem's commercialization strategy to enable customers to prototype products on ITRI's line using Smartkem's OTFT technology before transferring to their own lines or subcontracting to a third party.
The development of this commercial manufacturing process has the potential to accelerate the adoption of Smartkem's technology by display manufacturers in
Smartkem Chairman and CEO, Ian Jenks, comments, "We're delighted to announce this collaboration with ITRI, a pioneer in the semiconductor industry that has nurtured many successful startups. This agreement will strengthen one of our three strategic pillars of materials, electronic design automation (EDA)tools and foundry services and is another step forward on the road to product commercialization.
"If successful, the collaboration with ITRI will give our customers access to foundry services for prototyping before transferring manufacturing to their own lines or subcontracting to a third party for mass commercialization. Coupled with best-in-class materials and EDA services through FlexiIC, the ITRI capability will allow customers to explore the potential of OTFT for new markets and product concepts."
ITRI's pilot line contains tools with a similar specification to display manufacturing lines and hence, once a process is established, it has the capability to deliver high quality demonstrators and provides a very good indication of the potential to manufacture on similar sized or larger production lines, many of which are situated in
SmartKem's OTCQB information can be found on the OTC Markets website: www.otcmarkets.com/stock/SMTK/overview
About Smartkem
Smartkem is seeking to reshape the world of electronics with its disruptive organic thin-film transistors (OTFTs) that have the potential to drive the next generation of displays. Smartkem's patented TRUFLEX® semiconductor and dielectric inks, or liquid electronic polymers, can be used to make a new type of transistor that has the potential to revolutionize the display industry. Smartkem's inks enable low temperature printing processes that are compatible with existing manufacturing infrastructure to deliver low-cost displays that outperform existing models. The company's electronic polymer platform can be used in a number of display technologies including microLED, miniLED and AMOLED displays for next generation televisions, laptops, augmented reality (AR) and virtual reality (VR) headsets, smartwatches and smartphones.
Smartkem develops its materials at its research and development facility in
About Industrial Technology Research Institute (ITRI)
ITRI is a world-leading applied technology research institute with more than 6,000 employees. Its mission is to drive industrial development, create economic value, and enhance social wellbeing through technology R&D. Founded in 1973, it pioneered in IC development and started to nurture new tech ventures and deliver its R&D results to industries. ITRI has set up and incubated companies such as TSMC, UMC, Taiwan Mask Corp., Epistar Corp., Mirle Automation Corp., and Taiwan Biomaterial Co.
Forward-Looking Statements
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SOURCE Smartkem
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