Commercializing a revolutionary semiconductor platform, SmartKem (OTCQB: SMTK) is empowering a new era of flexible electronics, displays, sensors, and logic with its TRUFLEX® inks that make organic thin-film transistor (OTFT) devices.
From smartphones, laptops, and TVs to automotive displays and AV and VR headsets, our technology can enable the future of electronics to look dramatically different.
Founded in 2009, SmartKem is the pioneer and global leader in the design, synthesis and of high-performance organic semiconductor and organic thin film transistor (OTFT) technology.
SmartKem has an extensive IP portfolio including approximately 122 issued patents across 16 patent families as well as more than 30 codified trade secrets.
Thin films, big opportunity
SmartKem’s disruptive patented organic thin film transistor (OTFT) technology has the capability to expand the boundaries of what’s possible in the world of electronics.
The global semiconductor market is valued at $601 billion, and OTFT’s make up a significant and growing piece of that total, expected to reach $239.9 million by the end of 2027.
SmartKem’s unique manufacturing process and industry expertise should position it to capture a significant piece of this booming market.
Improved contrast and image quality
SmartKem’s OTFTs have the potential to revolutionize the backlight technology of LCD TV’s by enabling the use of a technique called Full Array Local Dimming (FALD), in which thousands of individually controlled mini-LEDs deliver improved image quality and contrast to televisions by only illuminating the parts of the screen actively displaying an image. This should enable the lower cost dominant LCD technology to compete effectively with the higher cost OLED technology in TV and Signage applications.
Low cost production
SmartKem’s OTFT technology is based on relatively inexpensive plastic films and can be produced with existing manufacturing lines at relatively low temperatures, further reducing the cost of production, especially in high volumes.
Having developed the chemistry, process, and the design rules, SmartKem is a fab-less company and is ready to scale up production of its materials through a third party supplier.
SmartKem’s TRUFLEX® Technology Powering the Future of Electronics
SmartKem’s TRUFLEX® is a full transistor stack design and process platform that produces transistors that are flexible, bendable, wearable, and lightweight.
Its TRUFLEX® materials are solution deposited on low-cost plastic and glass at a low temperature (80°C) to make transistor circuits.
SmartKem’s TRUFLEX® materials are compatible with existing industry standard manufacturing infrastructure and next generation printing processes.
OTFTs, numerous applications
Organic thin film semiconductors can be printed directly on sheets of low-cost plastic due to SmartKem’s low temperature process. They are flexible, inexpensive to produce, and offer other unique advantages over conventional technologies while still providing the essential functionality of the display, sensor, or other component.
These OTFTs allow for flexible displays, sensors and wearable devices including watches, fingerprint scanners, and biosensors. Other advantages of OTFT-based sensors include high sensitivity, low cost, easy fabrication and biocompatibility.
Potential end applications of OTFT based flexible displays range from smartphones to laptops to eBooks. The benefit of having a flexible screen as opposed to rigid glass is its durability. If you’ve ever dropped a smartphone or laptop and seen the display shatter, you’ll appreciate this immediately.
Improved picture quality for LCD TVs
One of the most important factors in TV picture quality is image contrast, which is the ratio between the maximum and minimum brightness, or in other words, the ratio between the brightest white pixel and the darkest black pixel. Conventional TV designs use a universal backlight, which means even the black portions of the image are lit up at all times rendering them grey rather than true black.
SmartKem’s OTFT technology allows TV makers to use a process called Full Array Local Dimming (FALD) which turns the entire backlight into thousands of individually controlled tiny miniLEDs. This means that the backlight on the black portions of the image can be individually turned off, providing higher image quality and dramatically improved contrast ratio.
With more and more people watching TV and movies at home, the potential demand for the results FALD delivers is massive.
Simple, low cost production
We believe that one of the biggest factors holding back previous flexible electronics has been the cost of production. SmartKem’s OTFT process allows for large-scale, low-cost continuous manufacturing process at lower temperatures, and with existing equipment, resulting in a much lower cost per unit, especially at scale.
This means dramatically lower costs and higher efficiency of production which will be essential as these flexible electronics grow to global scale.
SmartKem is gaining traction
SmartKem is currently taking reference designs to the market allowing industry players to experience the reality of a new generation of organic transistors.
In October 2021, SmartKem announced a joint development agreement with RiTdisplay, a leading developer of optoelectronic solutions, and OLED displays, to collaborate on the production of a full color demonstration AMOLED display.
In December 2021, the Company showcased its flexible OTFT backplanes at Fintech Japan which will enable Fingerprint on Display (FOD) as well as its miniLED active-matrix backplanes that are high current and ultrabright for FALD and miniLED display applications.
In February 2022, SmartKem announced a joint development agreement with Nanosys, a leading developer of quantum dot and microLED technology, to collaborate on the production of low-cost microLED and nanoLED flexible displays.
SmartKem has ongoing interaction with multiple technology companies where we demonstrate our OTFT-based circuits including mini-LED Backlights & sensors.
Experienced technology team
SmartKem has the team to deliver on the promise of its patented technology – 40 (11 PhDs) full time employees with 200+ combined years industrial and R&D pedigree at ICI, Merck, Philips, Kodak, CDT, Motorola, GlobalFoundries.
As device manufacturers continue to innovate with new form factors, foldable designs, better displays, and lighter and thinner devices, the demand for OTFT semiconductors will only continue to grow.
Powering next generation applications including smartphones, laptops, TV and automotive displays, ePaper, biosensors, AV/VR headsets and integrated circuits, the OTFT market is set to grow rapidly in the coming years, expected to reach $239.9 million by the end of 2027.
SmartKem is a pioneer and industry leader in this space, with the manufacturing technology and expertise to capture a share of this rapidly growing industry. With proven results and a low-cost manufacturing process, the future is very bright for this exciting company.
Now trading on the OTCQB Venture Marketplace (“OTCQB”), the timing is right for the investment community to dig into the future prospects for SmartKem.
Ian has more than 30 years of board-level experience in the industrial technology industry and has served as chief executive officer of companies operating in the United States and Europe. Ian was formerly the president of Uniphase Inc, Chairman of Oplink Communications Inc which he took public on the NASDAQ and spent seven years as a partner of Crescendo Ventures llp. Ian founded and since August 2010 has acted as the CEO of Ian Jenks Limited, a consulting company providing consulting services to companies in the industrial technology industry. Ian has been a director of Techstep ASA, a provider of managed mobile services in the Nordics, Paysafe plc., an international provider of payment processing services, and Brady plc, a provider of commodity trading software. He also has served and continues to serve as a director of a number of private companies. Ian received a B.Sc. in Aeronautical Engineering from Bristol University.
Chief Financial Officer
Robert has over 25 years’ experience working with technology start-ups both as an investor and in operational roles. He joined SmartKem in February 2020 and was previously CFO of one of his previous portfolio companies, WaveOptics, which develops components for AR displays. This company was recently acquired by SNAP for more than $500m. Prior to that, Robert was an investment partner at Imperial Innovations Ltd (acquired by IP Group plc in 2017) for fourteen years where he was involved in investing across a range of early-stage technology businesses and took on many board positions. Early in his career, Robert worked for seven years in Japan in a technical role with one of the leading consumer electronics companies.
Prior to joining SmartKem, Beverley held a number of research and development positions in the technology field of advanced materials at Imperial Chemical Industries Ltd. (“ICI”), Zeneca Group PLC and at the Avecia Group PLC. She formed BAB Consultants Ltd in 2006 and for approximately eight years provided consulting services to a number of chemical companies, as well as to the UK government and to the UK’s Centre for Process Innovation, CPI. Beverley has worked in the field of organic semiconductor technology and in printable electronics for almost 20 years. Beverley holds a Ph.D. in Organic Chemistry from the University of Glasgow.
Chief Technology Officer
Simon joined SmartKem as CTO in 2019 and is an internationally recognized expert in the field of organic thin-film transistors. Since 2001 he has worked to develop high performance organic semiconductors for transistor applications within companies such as Avecia, Merck, CPI and more recently with NeuDrive Limited. From 2007 whilst at CPI Simon had a major role in establishing the UK’s National Printable Electronics Centre (PETEC), housing a range of state-of-the-art fabrication equipment for pilot scale production of plastic electronic devices. The facility includes £35m of capital equipment capable of processing substrates up to 370 x 470mm in size. He currently manages a team of 19 engineers and scientists using the equipment for SmartKem’s process development and prototype fabrication. Simon has co-authored 30 journal articles and has been co-inventor on 16 patent families. He serves as the project leader for the standard IEC62899-203 “Semiconductor ink” within IEC TC119 WG2 (Printed Electronics – Materials) and has previously participated in IEEE standards for the organic transistor measurement.
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Name of Issuer & Ticker Symbol - SmartKem, Inc. (SMTK)
Amount & Form of Compensation - $60,000 in USD
Who Paid for the Campaign & Position with Company if any - SmartKem, Inc. (SMTK)
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