MANCHESTER, United Kingdom, Feb. 06, 2026 (GLOBE NEWSWIRE) -- Smartkem, Inc. (Nasdaq: SMTK), (“Smartkem” or the “Company”), a leader in advanced materials, today announced that it has entered into a debt conversion agreement, pursuant to which certain outstanding accounts payable of Smartkem were satisfied in full through the issuance of equity securities of the Company. Under the terms of the agreement, approximately $2.0 million of outstanding obligations owed were converted into a combination of shares o ...

NEW YORK, Feb. 05, 2026 (GLOBE NEWSWIRE) -- E.F. Hutton and Co. (“E.F. Hutton”), a leading investment banking and financial advisory firm, announced that it is serving as exclusive M&A advisor to Smartkem, Inc. (Nasdaq: SMTK) in connection with Smartkem’s proposed acquisition of Carbonium Core, Inc., a U.S.-based advanced materials company focused on the production of nuclear-grade graphite for next-generation reactor technologies. The proposed transaction is structured pursuant to a non-binding letter of i ...

*for illustrative purposes only MANCHESTER, United Kingdom, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Smartkem, Inc. (Nasdaq: SMTK), (“Smartkem” or the “Company”), a leader in advanced materials, today announced that Carbonium Core, Inc. (“Carbonium Core”), with whom Smartkem recently announced a non-binding letter of intent (“LOI”), has received state-level support for its proposed nuclear graphite manufacturing unit. Carbonium Core is a U.S.-based advanced materials company focused on the domestic production of n ...

Proposed transaction with Carbonium Core, Inc. to establish domestic nuclear-grade graphite manufacturing in Tennessee, USA*for illustrative purposes only MANCHESTER, United Kingdom, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Smartkem, Inc. (Nasdaq: SMTK), (“Smartkem” or the “Company”), a leader in advanced materials, today announced that Carbonium Core, Inc. (“Carbonium Core”), with whom Smartkem recently announced a non-binding letter of intent (“LOI”), has received state-level support for its proposed nuclear gra ...

MANCHESTER, United Kingdom, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Smartkem, Inc. (Nasdaq: SMTK), (“Smartkem”), a developer of advanced materials, today announced that it has entered into a non-binding letter of intent (“LOI”) to acquire 100% of the outstanding shares of Carbonium Core, Inc., a U.S.-based advanced materials company focused on the production of nuclear-grade graphite for advanced reactor technologies. In connection with this transaction, Smartkem has mutually agreed to terminate its previously an ...

Core Insights - SmartKem, Inc. (NASDAQ: SMTK) has entered a 12-month paid proof-of-concept agreement with a global consumer electronics company to develop next-generation smart wearable devices using its proprietary organic thin-film transistor (OTFT) technology [1][2] Group 1: Partnership and Technology Development - The partnership focuses on creating curved surface wearable devices utilizing OTFT-based MicroLED display technology, addressing challenges such as extreme miniaturization, low power consumption, outdoor visibility, and high impact resistance [2] - SmartKem's proprietary OTFT technology will be combined with MicroLEDs using a "chip-first" design to target one of the smallest and most demanding form factors in consumer electronics [2] Group 2: Biometric Sensor Innovation - On December 10, SmartKem announced the development of the world's first all-organic-transistor (AOT) biometric sensor, enhancing optical detection sensitivity for flexible biometric applications like fingerprint recognition on curved surfaces [3] - This new technology aims to tackle issues such as fingerprint spoofing through advanced liveness detection methods that differentiate real fingerprints from fake ones [4] Group 3: Company Overview - SmartKem, Inc. is a semiconductor company focused on developing a new class of transistors using proprietary advanced semiconductor materials [4]

Agreement marks validation of Smartkem’s transistor technology and could lead to the introduction of a novel MicroLED display architecture to the smart wearables marketMANCHESTER, England, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Smartkem, Inc. (Nasdaq: SMTK), a company developing a new class of organic semiconductor technology, today announced that it has entered into a 12-month paid proof-of-concept agreement with a global consumer electronics leader to develop next-generation smart wearables that incorporate a ...

Core Insights - Smartkem, Inc. has developed the world's first all-organic-transistor (AOT) biometric sensor in collaboration with Shanghai Jiao Tong University, marking a significant advancement in organic semiconductor technology [2][3]. Group 1: Technology Development - The new AOT biometric sensor enhances optical detection sensitivity for flexible applications, such as fingerprint recognition on curved surfaces, and addresses challenges like fingerprint spoofing through advanced liveness detection techniques [3]. - The technology utilizes multi-wavelength imaging and dynamic imaging to capture subtle signals that differentiate real fingerprints from fake ones [3]. Group 2: Publication and Presentation - A paper titled "Flexible 256x256 All-Organic-Transistor Active-Matrix Optical Imager with Integrated Gate Driver," co-authored by Smartkem's Chief Technology Officer, will be published by the IEEE and presented at the 71st Annual IEEE International Electron Devices Meeting [4][6]. - The presentation will take place on December 10, 2025, at 3:15 PM PST / 6:15 PM EST in San Francisco [5]. Group 3: Company Overview - Smartkem is focused on revolutionizing electronics with its proprietary TRUFLEX® semiconductor polymers, which enable low-temperature printing processes compatible with existing manufacturing infrastructure [7]. - The company has a robust intellectual property portfolio, including 140 granted patents across 17 families, 14 pending patents, and 40 trade secrets [9].

Core Insights - Smartkem, Inc. is set to present its MicroLED-in-Package (MiP4) Backlight technology at the IDW Japan conference on December 4, 2025, showcasing a significant advancement in organic semiconductor technology [1][2]. Company Overview - Smartkem is focused on developing a new class of organic semiconductor technology, particularly through its proprietary TRUFLEX® semiconductor polymers, which enable low-temperature printing processes compatible with existing manufacturing infrastructure [5][7]. - The company has a robust intellectual property portfolio, including 140 granted patents across 17 families, 14 pending patents, and 40 codified trade secrets [8]. Technology and Product Details - The MiP4 backlight technology utilizes a 'chip-first' MicroLED architecture, which simplifies production, improves yields, and enhances display performance, potentially disrupting the global display market [3][5]. - MiP4 integrates four sub-85um sized MicroLEDs in series, supporting native 12V operation, which reduces power loss and complexity in surface mount technology (SMT) [4][6]. - Compared to traditional Chip-on-Board (COB) methods, MiP4 reduces Gallium Nitride (GaN) usage by 84% while achieving a peak brightness of 34,047 nits in a 400-zone backlight [4][6]. Market Impact - The new MicroLED-in-Package (MiP4) backlight is designed for seamless integration with existing Liquid Crystal Display (LCD) technologies, which currently represent approximately 65% of the global display industry [3][5]. - The technology is expected to lower production costs and is compatible with existing MiniLED die bonding equipment, facilitating industry adoption [6].

Core Viewpoint - Smartkem and Jericho Energy Ventures have agreed to a 60-day extension of their non-binding Letter of Intent for an all-stock business combination, aiming to create a U.S.-owned AI infrastructure company that integrates energy and semiconductor technologies to meet the growing demand for AI compute capacity [1][2][3] Company Overview - Smartkem is focused on developing a new class of organic semiconductor technology, specifically its TRUFLEX® semiconductor polymers, which enable low-temperature printing processes for high-performance displays and applications in AI chip packaging [4] - Jericho Energy Ventures is positioned at the intersection of energy and AI infrastructure, utilizing its oil and gas assets to provide scalable, on-site power solutions for AI data centers [5][6] Proposed Transaction Details - The proposed transaction aims to combine Smartkem's semiconductor innovations with Jericho's scalable energy platform, potentially unlocking significant value in the converging energy and AI sectors [3] - The extension of the LOI allows both companies additional time to negotiate and secure the necessary capital and approvals for the transaction [1][3] Strategic Commentary - Smartkem's leadership expresses optimism about the merger's potential to create a powerful AI infrastructure company, highlighting the complementary capabilities of both firms [3] - Jericho's CEO emphasizes the enthusiasm for progressing towards a definitive agreement that would leverage both companies' strengths in energy innovation and semiconductor technology [3]