Smartkem Signs Multi-Year Agreement with FlexiIC to Develop a New Generation of CMOS for Smart Sensors
Smartkem (NASDAQ: SMTK) has signed a multi-year agreement with FlexiIC to develop a new generation of CMOS for smart sensors. The two-year project aims to develop custom circuitry using Smartkem's organic thin-film transistor (OTFT) technology and n-type oxide TFT to create low-power CMOS enabled sensor devices.
The devices will incorporate mixed signal and digital IPs, including RISC-V cores, and utilize machine learning for improved signal processing. The technology targets the internet-of-things (IOT) market, which is projected to reach $4,062.34 billion by 2032, growing at a CAGR of 24.3% from 2024. The project's commencement depends on grant funding approval from the Centro para el Desarrollo Tecnológico Industrial (CDTI).
Smartkem (NASDAQ: SMTK) ha firmato un accordo di più anni con FlexiIC per sviluppare una nuova generazione di CMOS per sensori intelligenti. Il progetto biennale mira a sviluppare circuiti personalizzati utilizzando la tecnologia dei transistor a film sottile organici (OTFT) di Smartkem e TFT a ossido n-type per creare dispositivi sensorizzati a bassa potenza abilitati con CMOS.
I dispositivi incorporeranno segnali misti e IP digitali, inclusi i core RISC-V, e utilizzeranno l'apprendimento automatico per un miglioramento dell'elaborazione dei segnali. La tecnologia mira al mercato dell'internet delle cose (IOT), che si prevede raggiungerà $4,062.34 miliardi entro il 2032, con una crescita del CAGR del 24.3% dal 2024. L'inizio del progetto dipende dall'approvazione dei finanziamenti da parte del Centro para el Desarrollo Tecnológico Industrial (CDTI).
Smartkem (NASDAQ: SMTK) ha firmado un acuerdo de múltiples años con FlexiIC para desarrollar una nueva generación de CMOS para sensores inteligentes. El proyecto de dos años tiene como objetivo desarrollar circuitos personalizados utilizando la tecnología de transistores orgánicos de película delgada (OTFT) de Smartkem y TFT de óxido tipo n para crear dispositivos de sensores habilitados para CMOS de bajo consumo.
Los dispositivos incorporarán señales mixtas y IP digitales, incluidos núcleos RISC-V, y utilizarán aprendizaje automático para mejorar el procesamiento de señales. La tecnología está orientada al mercado de internet de las cosas (IOT), que se proyecta alcanzará $4,062.34 mil millones para 2032, creciendo a un CAGR del 24.3% desde 2024. El inicio del proyecto depende de la aprobación de financiamiento del Centro para el Desarrollo Tecnológico Industrial (CDTI).
스마트켐 (NASDAQ: SMTK)은 플렉시IC와 스마트 센서를 위한 새로운 세대의 CMOS 개발을 위해 다년 계약을 체결했습니다. 이 2년 프로젝트는 스마트켐의 유기 박막 트랜지스터(OTFT) 기술과 n형 산화물 TFT를 사용하여 맞춤형 회로를 개발하는 것을 목표로 하고 있으며, 저전력 CMOS 장치가 가능합니다.
이 장치는 혼합 신호 및 디지털 IP를 통합하며 RISC-V 코어를 포함하고, 신호 처리를 개선하기 위해 기계 학습을 활용합니다. 이 기술은 2032년까지 4,062.34억 달러에 이를 것으로 예상되는 사물인터넷(IOT) 시장을 목표로 하며, 2024년부터의 연평균 성장률(CAGR)은 24.3%입니다. 프로젝트 시작은 산업 기술 개발 센터(CDTI)로부터의 보조금 승인이 필요합니다.
Smartkem (NASDAQ: SMTK) a signé un accord pluriannuel avec FlexiIC pour développer une nouvelle génération de CMOS pour des capteurs intelligents. Ce projet de deux ans vise à développer des circuits personnalisés en utilisant la technologie des transistors organiques à film mince (OTFT) de Smartkem et TFT oxide n-type pour créer des dispositifs de capteurs à faible consommation d'énergie habilités par CMOS.
Les dispositifs intégreront des signaux mixtes et des IP numériques, y compris des cœurs RISC-V, et utiliseront l'apprentissage automatique pour améliorer le traitement des signaux. La technologie cible le marché de l'internet des objets (IOT), qui devrait atteindre 4 062,34 milliards de dollars d'ici 2032, avec un taux de croissance annuel composé (CAGR) de 24,3 % à partir de 2024. Le démarrage du projet dépend de l'approbation du financement par le Centro para el Desarrollo Tecnológico Industrial (CDTI).
Smartkem (NASDAQ: SMTK) hat einen mehrjährigen Vertrag mit FlexiIC unterzeichnet, um eine neue Generation von CMOS für smarte Sensoren zu entwickeln. Das zweijährige Projekt zielt darauf ab, maßgeschneiderte Schaltungen unter Verwendung der organischen Dünnfilmtransistor (OTFT)-Technologie von Smartkem und n-Typ-Oxid-TFT zu entwickeln, um leistungsarme CMOS-fähige Sensorgeräte zu erstellen.
Die Geräte werden Mischsignale und digitale IPs, einschließlich RISC-V-Kernen, integrieren und maschinelles Lernen für eine verbesserte Signalverarbeitung nutzen. Die Technologie zielt auf den Markt für das Internet der Dinge (IOT) ab, der voraussichtlich bis 2032 4.062,34 Milliarden Dollar erreichen wird und von 2024 an mit einer CAGR von 24,3% wächst. Der Beginn des Projekts hängt von der Genehmigung der Fördermittel durch das Zentrum für industrielle technologische Entwicklung (CDTI) ab.
- Agreement targets the growing IOT market projected to reach $4,062.34 billion by 2032
- CMOS architecture offers advantages in power consumption, noise margins, heat generation, and scalability
- Project commencement is contingent on external grant funding approval
Insights
This partnership represents a significant technological advancement in flexible electronics and IoT sensor development. The integration of Smartkem's OTFT technology with FlexiIC's expertise in flexible integrated circuits could yield breakthrough developments in low-power CMOS sensors. The incorporation of RISC-V cores and machine learning capabilities suggests a sophisticated approach to creating intelligent, energy-efficient sensor systems.
The technical advantages of CMOS architecture - including lower power consumption, better noise margins and enhanced scalability - are particularly important for IoT applications. The potential applications spanning biosensors, force sensors, optical sensors and chemical sensors indicate a broad market opportunity. However, the project's dependence on CDTI grant approval introduces some uncertainty to its immediate execution.
The projected IoT market growth to
The strategic value of this partnership lies in its alignment with the explosive growth projected in the IoT market. With flexible electronics becoming increasingly important for IoT applications, this collaboration addresses a clear market need. The focus on custom circuitry and low-power consumption directly targets key requirements for widespread IoT adoption.
The development of adaptable, eco-friendly sensor platforms could provide Smartkem with a competitive advantage in multiple high-growth market segments. The company's market position could strengthen significantly if they successfully demonstrate commercial viability in applications like item-level tracking and biosensors. However, investors should note that the project's execution is contingent on securing grant funding, which adds an element of uncertainty to the near-term outlook.
New project builds on ongoing collaboration to develop custom circuits using Smartkem's organic transistor technology
The goal of the two-year project is the development of custom circuitry using Smartkem's organic thin-film transistor (OTFT) technology and n-type oxide TFT to make low-power CMOS enabled sensor devices. The devices are expected to incorporate mixed signal and digital IPs, such as RISC-V cores (a circuit type which uses an open-source instruction set), as well as utilizing machine learning (ML), a type of artificial intelligence (AI) that allows machines to learn and improve from data without being explicitly programmed, to improve processing of signals.
Smartkem Chairman and Chief Executive Officer, Ian Jenks commented, "This project with FlexiIC furthers Smartkem's technology for potential use in the field of large area, low power consumption electronics suitable for the internet-of-things (IOT), a market which is expected to grow to approximately
FlexiIC co-CEO Dr Eloi Ramon stated "Our innovative sensor acquisition platform offers affordability, adaptability, and eco-friendliness, empowering diverse sensor applications with robust amplification and transmission capabilities to mitigate noise interferences effectively. The partnership in this project with Smartkem to provide custom circuits in foil with low power and a rapid turnaround from design through fabrication is vital to the success of system in foil devices".
The project commencement is subject to receipt of the approval of grant funding by the Centro para el Desarrollo Tecnológico Industrial (CDTI), a Spanish public entity under the Ministry of Economy and Competitiveness.
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
About FlexiIC
Founded by organic electronics researchers and chip designers from the Institute of Microelectronics of
FlexiiC innovates in the development of disposable electronics for Life Sensing by creating and integrating flexible, organic integrated circuits and sensors using sustainable, functional materials. By incorporating advanced computing capabilities, FlexiiC aims to deliver smart, short-lifespan monitoring systems designed for applications in medical & healthcare, packaging, and environmental applications.
For more information, visit: https://flexiic.tech/
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 https://www.fortunebusinessinsights.com/industry-reports/internet-of-things-iot-market-100307
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SOURCE Smartkem
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