Core Insights - Smartkem has announced a memorandum of understanding with RiTdisplay to evaluate the integration of its organic thin-film transistor (OTFT) technology on RiTdisplay's Gen2.5 pilot line, marking a significant step towards commercialization [1][2] - The collaboration builds on a joint development agreement initiated in 2021 and includes a government grant-funded project aimed at developing the first commercially ready active-matrix OLED display using OTFT technology [2][3] - The RiTdisplay line is expected to be operational in the second half of 2025, enhancing Smartkem's product prototyping capabilities [2][3] Company Overview - Smartkem is focused on revolutionizing the electronics industry with its proprietary TRUFLEX® semiconductor technology, which allows for low-temperature printing processes compatible with existing manufacturing infrastructure [4][5] - The company has a robust intellectual property portfolio, including 138 granted patents and 17 pending patents, indicating strong innovation capabilities [5] - RiTdisplay is a leader in passive matrix OLED technology, supplying products to Tier 1 customers across various applications, including smart appliances and medical devices [6]
Smartkem Signs Memorandum of Understanding with RiTdisplay to Integrate Smartkem's OTFT Process Into Its Gen2.5 Line