| Smartkem signs letter of intent with leading Chinese OLED manufacturer |
The LOI is intended as the first step in a joint commitment by SmartKem and the Chinese manufacturer of optoelectronic solutions, TFT-LCD and AMOLED displays, to fully commercialise OTFT production
4 Oct 2017 | Editor
SmartKem has announced they have signed a Letter of Intent (LOI) with one of China’s leading OLED manufacturers. The partnership will enable the development and industrialisation of OTFT Liquid Crystal Displays (LCD) leading to the development of OTFT based LCD and OLED display manufacture on plastic substrates.
The LOI is intended as the first step in a joint commitment by SmartKem and the Chinese manufacturer of optoelectronic solutions, TFT-LCD and AMOLED displays, to fully commercialise OTFT production.
According to Smartkem their OTFT platform consists of a series of solution coat TFT stack materials including its organic semiconductor that offers transistor performance, electrical stability and a drive capability for both LCD and OLED display formats.
SmartKem has recently completed the development of OTFT design rules and a process of record for the production of OTFT on an industrial grade Gen 2.5 production line in Asia.
"We are delighted to report this partnership which creates the opportunity to scale up, industrialise and drive wide scale adoption of OTFT technology for a new generation of low power, lightweight and unbreakable display-based products. We are leading the market in this technology space and excited about the potential for the mobile display market to move forward with a solution to a number of key consumer issues, namely broken displays and battery life."
"Our partner’s reputation as an innovator is second-to-none and aligns closely with our own ethos of value-driven technology advancement. Their customer network is unparalleled, with many household names, including Microsoft, Sony, Samsung, Ford and BMW, using their technology today."
"This partnership puts our technology into production at the heart of the largest hub of display manufacture in the world and shows willingness of leading players to devote significant resources towards the pursuit of OTFT adoption."
Steve Kelly, CEO Smartkem
SmartKem’s market leading truFLEX semiconductor platform enables robust, low power, low cost displays across multiple form factors on both glass and plastic including flat, bendable, flexible and foldable.
The opportunity that SmartKem’s technology platform and vision represents was reflected by a successful Series A funding round and continued financial commitment and backing from leading investors including BASF Venture Capital, Octopus Ventures, Finance Wales and Entrepreneurs Fund since 2014. The syndicate’s investment has enabled further development and market penetration of SmartKem’s record breaking truFLEX semiconductor platform, accelerating the technology towards full commercialisation.
SmartKem's accolades include a Printed Electronics Asia award for Best Advanced Material Development and 2015 Innovative Product of the Year for Wales. The company was a finalist in the prestigious R&D100 Awards in 2015.