Smartkem Recaps 2024 Achievements and Sets 2025 Goals

Company Overview - Smartkem is focused on revolutionizing the electronics industry with its disruptive organic thin-film transistors (OTFTs) and patented TRUFLEX® liquid semiconductor polymers, which enable low-temperature printing processes for cost-effective displays [6] - The company operates a research and development facility in Manchester, UK, and provides prototyping services at the Centre for Process Innovation (CPI) in Sedgefield, UK, with a field application office in Taiwan [8] - Smartkem holds an extensive IP portfolio, including 138 granted patents across 18 patent families and 40 codified trade secrets [8] 2024 Achievements - Smartkem raised $7.65 million in December 2024 and secured a$1.1 million grant for a project to develop the world's first rollable, transparent microLED display [2] - The company uplisted to Nasdaq, enhancing trading liquidity and investor access [2] - Smartkem entered multiple strategic partnerships with industry leaders, including AUO, FlexiIC, ITRI, Chip Foundation, Shanghai Tianma Microelectronics, and RiTdisplay, to advance its technology and product development [7] - The company increased its IP portfolio to 138 patents and 40 codified trade secrets, strengthening its competitive position in the organic materials electronics industry [7] - Smartkem exhibited and presented at key trade events, including Touch Taiwan 2024 and Display Week 2024, where CEO Ian Jenks delivered the DSCC / SID Business Conference keynote speech [7] 2025 Goals - Smartkem aims to achieve qualifications and design wins with existing and new collaborations, focusing on driving the adoption of advanced display technologies [2] - The company plans to complete the qualification of the Gen 2.5 ITRI process line and enter additional collaborations or co-development agreements to advance technology commercialization [7] - Smartkem is targeting the growing microLED industry, which is projected to expand from $150 million in 2024 to over$4 billion by 2031 [2] Industry Outlook - The microLED industry is expected to grow significantly, from $150 million in 2024 to over$4 billion by 2031, driven by advancements in display technologies [2] - Smartkem's technology is positioned to play a key role in the adoption of advanced display solutions, including microLED displays, packaging for AI chips, and CMOS for smart sensors [2]