Company Overview - Smartkem is focused on revolutionizing electronics with a new class of transistor technology using proprietary advanced semiconductor materials [3][4] - The company's TRUFLEX® semiconductor polymers enable low-temperature printing processes compatible with existing manufacturing infrastructure, aimed at delivering low-cost, high-performance displays [3][4] - Smartkem's technology can be applied in various display technologies, including MicroLED, LCD, and AMOLED, as well as in advanced computer and AI chip packaging, sensors, and logic [3] Upcoming Events - Smartkem will participate in the PlayNitride 2025 MicroLED Technology Forum on September 9, 2025, where Prof. Steven P. DenBaars will discuss display applications [1][2] - The company will also exhibit at SEMICON Taiwan 2025 from September 10 to 12, 2025, at the TaiNEX Nangang Exhibition Centre, Hall 1, Booth No: I3022 [1][2] Research and Development - Smartkem conducts its R&D at its facility in Manchester, UK, and provides prototyping services at the Centre for Process Innovation in Sedgefield, UK [4] - The company operates a field application office in Hsinchu, Taiwan, in close proximity to its collaboration partner, The Industrial Technology Research Institute (ITRI) [4] Intellectual Property - Smartkem has an extensive intellectual property portfolio, including 140 granted patents across 17 patent families, 14 pending patents, and 40 codified trade secrets [5] Industry Context - SEMICON Taiwan is recognized as the most influential semiconductor event in Taiwan, attracting 700 exhibitors and utilizing a total of 2,450 booths [6] - The event focuses on key industry themes such as advanced manufacturing, heterogeneous integration, and semiconductor cybersecurity, making it a significant platform for business matching and showcasing innovations [6][7]

Core Insights - Smartkem is focused on revolutionizing the electronics industry with its innovative transistor technology using proprietary semiconductor materials [4][5] - The company reported financial results for the second quarter and first half of 2025, highlighting significant changes in revenue and operating expenses [3][11] Financial Highlights - Revenue for Q2 2025 was $32 thousand, a decrease from $40 thousand in Q2 2024, attributed to sales of OTFT backplanes and TRUFLEX® materials [7][11] - Operating expenses increased to $4.7 million in Q2 2025 from $3.0 million in Q2 2024, primarily due to a $1.5 million rise in R&D expenses [7][11] - The loss from operations for Q2 2025 was $4.4 million, compared to $2.8 million in Q2 2024 [7][11] Cash Position - As of June 30, 2025, cash and cash equivalents were $1.2 million, down from $7.1 million as of December 31, 2024 [7][9] - The company anticipates that its cash balance will be sufficient to fund operations through September 30, 2025 [7] Intellectual Property - Smartkem holds an extensive IP portfolio with 140 granted patents across 17 families, 14 pending patents, and 40 trade secrets [6] Recent Developments - The company introduced a 12.3-inch MicroLED Smart Backlight demonstration aimed at next-generation automotive LCD displays [7] - A preliminary joint development agreement was signed with Manz Asia to co-develop inkjet dielectric inks for advanced chip packaging [7] - Smartkem secured a new UK patent for a MicroLED manufacturing process that supports wafer reuse [7]