Smartkem Recaps 2024 Achievements and Sets 2025 Goals
Smartkem (SMTK), a developer of organic thin-film transistors (OTFTs), highlighted its 2024 achievements and outlined 2025 goals. The company raised $7.65 million in December and secured a $1.1 million grant with a collaboration partner for developing the world's first rollable, transparent microLED display.
Key 2024 achievements include multiple strategic partnerships with industry leaders like AUO, FlexiIC, ITRI, Chip Foundation, Shanghai Tianma Microelectronics, and RiTdisplay. The company expanded its intellectual property to 138 patents and 40 codified trade secrets and successfully uplisted to Nasdaq.
For 2025, Smartkem aims to ship its first materials to Chip Foundation, sign a Joint Development Agreement for chip-first microLED display, complete qualification of Gen 2.5 ITRI process line, and establish additional collaborations for technology commercialization. The company expects to benefit from the microLED industry's projected growth from $150 million in 2024 to over $4 billion by 2031.
Smartkem (SMTK), sviluppatore di transistor organici a film sottile (OTFT), ha evidenziato i risultati raggiunti nel 2024 e delineato gli obiettivi per il 2025. L'azienda ha raccolto 7,65 milioni di dollari a dicembre e ha ottenuto un finanziamento di 1,1 milioni di dollari grazie a un partner di collaborazione per sviluppare il primo display microLED trasparente e arrotolabile al mondo.
I risultati chiave del 2024 includono molteplici partnership strategiche con leader del settore come AUO, FlexiIC, ITRI, Chip Foundation, Shanghai Tianma Microelectronics e RiTdisplay. L'azienda ha ampliato la propria proprietà intellettuale a 138 brevetti e 40 segreti commerciali codificati ed è riuscita a essere quotata su Nasdaq.
Per il 2025, Smartkem punta a spedire i suoi primi materiali a Chip Foundation, firmare un Accordo di Sviluppo Congiunto per il display microLED prioritaria, completare la qualificazione della linea di processo Gen 2.5 ITRI e stabilire ulteriori collaborazioni per la commercializzazione della tecnologia. L'azienda prevede di trarre vantaggio dalla crescita prevista dell'industria microLED, passando da 150 milioni di dollari nel 2024 a oltre 4 miliardi di dollari entro il 2031.
Smartkem (SMTK), un desarrollador de transistores orgánicos de película delgada (OTFT), destacó sus logros de 2024 y esbozó las metas para 2025. La empresa recaudó 7,65 millones de dólares en diciembre y aseguró una con un socio colaborador para desarrollar el primer display microLED transparente y enrollable del mundo.
Los logros clave de 2024 incluyen múltiples asociaciones estratégicas con líderes de la industria como AUO, FlexiIC, ITRI, Chip Foundation, Shanghai Tianma Microelectronics y RiTdisplay. La empresa expandió su propiedad intelectual a 138 patentes y 40 secretos comerciales codificados y logró listar sus acciones en Nasdaq.
Para 2025, Smartkem tiene como objetivo enviar sus primeros materiales a Chip Foundation, firmar un Acuerdo de Desarrollo Conjunto para el display microLED prioritario, completar la calificación de la línea de proceso Gen 2.5 ITRI y establecer colaboraciones adicionales para la comercialización de tecnología. La empresa espera beneficiarse del crecimiento proyectado de la industria microLED, que pasará de 150 millones de dólares en 2024 a más de 4 mil millones de dólares para 2031.
스마트켐(SMTK)은 유기 박막 트랜지스터(OTFT)의 개발업체로, 2024년 성과를 강조하고 2025년 목표를 제시했습니다. 이 회사는 12월에 765만 달러를 모금하고 협력 파트너와 함께 세계 최초의 롤러블 투명 마이크로LED 디스플레이 개발을 위한 110만 달러의 보조금을 확보했습니다.
2024년의 주요 성과로는 AUO, FlexiIC, ITRI, Chip Foundation, 상하이 티안마 마이크로전자 및 RiTdisplay와 같은 산업 리더와의 여러 전략적 파트너십이 포함됩니다. 이 회사는 138개의 특허와 40개의 기밀 상업 비밀로 지적 재산권을 확장했으며 성공적으로 나스닥에 상장했습니다.
2025년을 위해 스마트켐은 Chip Foundation에 첫 번째 재료를 배송하고, 칩 우선 마이크로LED 디스플레이에 대한 공동 개발 계약을 체결하며, Gen 2.5 ITRI 공정 라인의 자격 승인을 완료하고, 기술 상용화를 위한 추가 협력을 구축하는 것을 목표로 하고 있습니다. 이 회사는 마이크로LED 산업이 2024년 1억 5천만 달러에서 2031년까지 40억 달러 이상으로 성장할 것으로 예상되는 점에서 이익을 얻을 것으로 기대하고 있습니다.
Smartkem (SMTK), un développeur de transistors organiques à couche mince (OTFT), a mis en avant ses réalisations de 2024 et a esquissé ses objectifs pour 2025. L'entreprise a levé 7,65 millions de dollars en décembre et a obtenu une subvention de 1,1 million de dollars avec un partenaire de collaboration pour développer le premier écran microLED transparent et enroulable au monde.
Les réalisations clés de 2024 incluent plusieurs partenariats stratégiques avec des leaders de l'industrie tels qu'AUO, FlexiIC, ITRI, Chip Foundation, Shanghai Tianma Microelectronics et RiTdisplay. L'entreprise a élargi sa propriété intellectuelle à 138 brevets et 40 secrets commerciaux codifiés et a réussi à s'introduire en bourse sur le Nasdaq.
Pour 2025, Smartkem vise à expédier ses premiers matériaux à Chip Foundation, signer un accord de développement conjoint pour l'écran microLED prioritaire, compléter la qualification de la ligne de processus Gen 2.5 ITRI et établir des collaborations supplémentaires pour la commercialisation de la technologie. L'entreprise s'attend à bénéficier de la croissance projetée de l'industrie microLED, qui devrait passer de 150 millions de dollars en 2024 à plus de 4 milliards de dollars d'ici 2031.
Smartkem (SMTK), ein Entwickler von organischen Dünnschichttransistoren (OTFT), hat seine Erfolge 2024 hervorgehoben und die Ziele für 2025 umrissen. Das Unternehmen hat im Dezember 7,65 Millionen Dollar gesammelt und mit einem Kooperationspartner einen 1,1 Millionen Dollar Zuschuss zur Entwicklung des weltweit ersten rollbaren, transparenten MicroLED-Displays gesichert.
Zu den wichtigsten Erfolgen 2024 zählen mehrere strategische Partnerschaften mit Branchenführern wie AUO, FlexiIC, ITRI, Chip Foundation, Shanghai Tianma Microelectronics und RiTdisplay. Das Unternehmen erweiterte sein geistiges Eigentum auf 138 Patente und 40 kodifizierte Geschäftsgeheimnisse und gelangte erfolgreich an die Nasdaq.
Für 2025 plant Smartkem, seine ersten Materialien an die Chip Foundation zu versenden, einen Joint Development Agreement für das Chip-First-MicroLED-Display zu unterzeichnen, die Qualifizierung der Gen 2.5 ITRI-Prozesslinie abzuschließen und zusätzliche Kooperationen zur Kommerzialisierung von Technologien zu etablieren. Das Unternehmen erwartet, vom projected Wachstum der MicroLED-Branche zu profitieren, die voraussichtlich von 150 Millionen Dollar im Jahr 2024 auf über 4 Milliarden Dollar bis 2031 anwachsen wird.
- Secured $7.65 million funding in December 2024
- Obtained $1.1 million grant for microLED display development
- Established six strategic partnerships with industry leaders
- Expanded IP portfolio to 138 patents and 40 trade secrets
- Successfully uplisted to Nasdaq
- None.
Insights
The
The projected growth of the microLED market from
The Nasdaq uplist improves access to capital markets and liquidity but hasn't translated to significant market value appreciation yet. The focus on qualifications and design wins in 2025 suggests revenue generation is still several quarters away.
The strategic partnership portfolio Smartkem has built spans the entire value chain - from research (ITRI) to manufacturing (RiTdisplay) to end-product development (AUO, Chip Foundation). Their technology applications now extend beyond displays into high-growth segments like AI chip packaging and smart sensors.
The intellectual property portfolio of 138 patents and 40 trade secrets creates meaningful barriers to entry in the organic semiconductor space. The collaboration with AUO on rollable, transparent microLED displays could be transformative for the industry if successfully commercialized.
However, the 2025 goals appear heavily focused on development milestones rather than commercial deployments, indicating the technology is still in pre-revenue phase. The chip-first microLED display JDA target suggests the company is positioning for the high-end display market where margins are typically higher.
CEO Statement
Smartkem Chairman and Chief Executive Officer, Ian Jenks commented, "2024 was a pivotal year for Smartkem. In December, we raised
Smartkem 2024 Highlights:
- Entered multiple strategic partnerships and collaborations with industry-leading display manufacturers in
Asia ,North America , andEurope :- AUO to jointly develop the world's first advanced rollable, transparent microLED display;
- FlexiIC to develop low-cost, rapid turnaround custom circuits using organic transistor technology and a new generation of low-power CMOS-enabled smart sensor devices;
- ITRI (Industrial Technology Research Institute) to enable product prototyping on its Gen 2.5 equipment;
- Chip Foundation to co-develop a new generation of microLED-based backlight technology for Liquid Crystal Displays;
Shanghai Tianma Microelectronics to develop OTFT-based microarray biochips to amplify and process signals generated by TFT-based sensor devices; and- RiTdisplay to manufacture a new type of active-matrix OLED display.
- Increased IP to 138 patents and 40 codified trade secrets, strengthening Smartkem's competitive advantage in the rapidly evolving organic materials electronics industry.
- Uplisted to Nasdaq.
- Awarded a grant in partnership with AUO from the 2024 Taiwan-
UK Research & Development Collaboration. - Exhibited and presented at key trade events, including Touch Taiwan 2024 and Display Week 2024 in San Jose, where CEO Ian Jenks gave the DSCC / SID Business Conference keynote speech.
2025 Goals:
- Ship the first installment of Smartkem's materials to Chip Foundation under our collaboration to develop a new generation of microLED-based backlight technology for Liquid Crystal Displays.
- Sign a Joint Development Agreement (JDA) for a chip-first microLED display.
- Complete qualification of Gen 2.5 ITRI process line.
- Enter into additional collaborations and/or co-development agreements that further advance our technology toward commercialization.
"We thank our stockholders for their continued support and look forward to updating you on our progress throughout the year," concluded Jenks.
About Smartkem
Smartkem is seeking to reshape the world of electronics with its disruptive organic thin-film transistors (OTFTs) that have the potential to revolutionize the display industry. Smartkem's patented TRUFLEX® liquid semiconductor polymers can be used to make a new type of transistor that can be used in a number of display technologies, including next generation microLED displays. Smartkem's organic inks enable low temperature printing processes that are compatible with existing manufacturing infrastructure to deliver low-cost displays that outperform existing technology.
Smartkem develops its materials at its research and development facility in
Forward-Looking Statements
All statements in this press release that are not historical are forward-looking statements, including, among other things, its market position and market opportunity, expectations and plans as to its product development, manufacturing and sales, and relations with its partners and investors. These statements are not historical facts but rather are based on Smartkem Inc.'s current expectations, estimates, and projections regarding its business, operations and other similar or related factors. Words such as "may," "will," "could," "would," "should," "anticipate," "predict," "potential," "continue," "expect," "intend," "plan," "project," "believe," "estimate," and other similar or elated expressions are used to identify these forward-looking statements, although not all forward-looking statements contain these words. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond the Company's control. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update information in this release to reflect events or circumstances in the future, even if new information becomes available.
1 2024 Omdia Report
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SOURCE SmartKem, Inc.
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