New project builds on ongoing collaboration to develop custom
circuits using Smartkem's organic transistor technology
MANCHESTER, England, Dec. 5, 2024
/PRNewswire/ -- Smartkem (NASDAQ: SMTK), which is seeking to change
the world of electronics using its disruptive organic thin-film
transistors (OTFTs), has signed a multi-year agreement with
FlexiIC, a company providing innovation in the design of flexible
integrated circuits and systems, to begin a new project to develop
a new generation of CMOS for smart sensors.
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 $4,062.34 billion by
2032, a CAGR or 24.3% from 2024[1]. The use of CMOS architecture in
this application is significant as it consumes much less power, has
better noise margins, generates less heat and has enhanced
scalability compared to alternative PMOS architectures. We are
excited to be involved in this ambitious project and, if
successful, we believe that this project will demonstrate the
utility of Smartkem's technology in next generation biosensors,
force sensors, optical sensors, chemical sensors, item level
tracking, and other new areas of flexible electronics."
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 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 125 granted patents across 19
patent families and 40 codified trade secrets. For more
information, visit: www.Smartkem.com and follow us on LinkedIn
http://www.linkedin.com/company/Smartkem-limited.
About FlexiIC
Founded by organic electronics
researchers and chip designers from the Institute of
Microelectronics of Barcelona
(IMB-CNM-CSIC), FlexiiC provides innovation in the design of
system-on-chip (SoC) solutions for Edge Computing applied to Smart
Systems and IoT.
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
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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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