Smartkem Commences Project with RiTdisplay To Develop World's First Commercially Ready Active-Matrix OLED Display Using OTFT Technology
- Collaboration agreement between Smartkem and RiTdisplay for AMOLED display manufacture.
- Investment of NT $650 million (approx. USD $20 million) by Taiwan and UK for the project.
- Grant funding of £418.8K (approx. USD $530K) by UKRI for the Smartkem project with RiTdisplay.
- Smartkem's OTFT materials to enhance AMOLED display brightness, power efficiency, and DPI.
- Reduced energy usage and costs with Smartkem's materials processed at low temperatures.
- Potential for display manufacturers to access high-performance backplane technology at lower costs.
- Expected completion of the project in 2026 with plans for commercial production.
- None.
Smartkem project funded by Innovate
The Taiwanese Ministry of Economic Affairs and Innovate
Pursuant to the Smartkem and RiTdisplay collaboration, Smartkem will provide its proprietary OTFT materials to RiTdisplay to integrate with its frontplanes (OLED). If successful, the project will create the world's first commercially ready AMOLED display made using organic transistors, with properties of higher brightness, lower power consumption and higher dots per inch (DPI) when compared with existing PMOLED displays. Smartkem's OTFT materials are developed to be coated on standard display process equipment sets, such as spin-coaters, and can be processed at temperatures as low as 80°C. Consequently, this reduces energy usage and associated costs compared with processing inorganic transistor backplanes. If successful, the project is intended to demonstrate that high performance and stable display backplane technology is accessible to display manufacturers at a lower capital and operational cost compared to inorganic TFT technology as plasma enhanced chemical vapor deposition (PECVD) tools are not required. The project is expected to be complete in 2026.Smartkem Chairman and Chief Executive Officer, Ian Jenks comments, "This project follows up on our 2021 joint development agreement with RiTdisplay. If successful, we believe the integration of our materials will result in the development of the world's first commercially ready full color demonstration AMOLED display using OTFT backplanes."
Smartkem intends to engage the Industrial Technology Research Institute (ITRI) 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 RiTdisplay Corporation
RiTdisplay is the world's leader of passive matrix organic light emitting diode (PMOLED). RiTdisplay not only holds the world's largest PMOLED production capacity, but also supplies its product to multiple Tier 1 customers around the world. With its main applications ranging from smart appliances, medical devices, set-top boxes, wearables, industrial instruments, to AIOT products.
About Innovate
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SOURCE Smartkem
FAQ
What type of display is Smartkem developing with RiTdisplay?
How much investment has been made for the project by Taiwan and UK?
What grant funding has been provided by UKRI for the Smartkem project with RiTdisplay?
What are the key benefits of Smartkem's OTFT materials for the AMOLED display?
How does Smartkem's materials reduce energy usage and costs?
When is the expected completion date of the project?
