Project in partnership with AUO starts on January 1, 2025
MANCHESTER, England, Dec. 18,
2024 /PRNewswire/ -- Smartkem (Nasdaq: SMTK), which
is seeking to change the world of electronics using its disruptive
organic thin-film transistors (OTFTs), has received and accepted a
£900,000 (USD 1.1 million) grant from
Innovate UK for its previously announced project partnership with
AUO to develop a rollable, transparent microLED display. Part of
the 2024 UK-Taiwan Collaborative R&D Initiative, the 2-year
project will commence on January 1,
2025, with initial grant payments beginning in the first
quarter of 2025.
About the 2024 UK-Taiwan Collaborative R&D
Initiative
The 2024 UK-Taiwan Collaborative R&D Initiative has invested
more than £10 million this year to promote bilateral industrial
technology research and development cooperation. The nine
award-winning projects will promote the joint development of
advanced technologies in fields such as electrical information
communication, biomedicine, and electromechanical by Taiwan-UK
enterprises.
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 Manchester, UK and
provides prototyping services at the Centre for Process Innovation
(CPI) at Sedgefield, UK. It has a field application office in
Taiwan. The company has an
extensive IP portfolio including 138 granted patents across 18
patent families, 16 pending patents and 40 codified trade secrets.
For more information, visit: www.Smartkem.com and follow us on
LinkedIn http://www.linkedin.com/company/Smartkem-limited.
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.
Contacts:
Selena Kirkwood
Head of Communications for Smartkem
T: +44 (0) 7971 460 364
s.kirkwood@smartkem.com
U.S. Investors
David Barnard, CFA
Alliance Advisors Investor Relations
T: 1 415 433 3777
dbarnard@allianceadvisors.com
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SOURCE Smartkem
