{"id":800416,"date":"2025-01-14T07:12:05","date_gmt":"2025-01-14T12:12:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/smartkem-recaps-2024-achievements-and-sets-2025-goals\/"},"modified":"2025-01-14T07:12:05","modified_gmt":"2025-01-14T12:12:05","slug":"smartkem-recaps-2024-achievements-and-sets-2025-goals","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/smartkem-recaps-2024-achievements-and-sets-2025-goals\/","title":{"rendered":"Smartkem Recaps 2024 Achievements and Sets 2025 Goals"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">MANCHESTER, England<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Jan. 14, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Smartkem (Nasdaq: SMTK), which is seeking to change the world of electronics using its disruptive organic thin-film transistors (OTFTs), recapped its key accomplishments for 2024 and set its goals 2025.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2597198\/SmartKem_Brand_Identity_RGB_POS___small_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2597198\/SmartKem_Brand_Identity_RGB_POS___small_Logo.jpg\" title=\"Smartkem\" alt=\"Smartkem\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b>CEO Statement<\/b><br \/>\n        <br \/>Smartkem Chairman and Chief Executive Officer, <span class=\"xn-person\">Ian Jenks<\/span> commented, &#8220;2024 was a pivotal year for Smartkem. In December, we raised <span class=\"xn-money\">$7.65 million<\/span> and, together with our collaboration partner, were awarded a <span class=\"xn-money\">$1.1 million<\/span> grant for a project to develop the world&#8217;s first rollable, transparent microLED display. We uplisted to Nasdaq, increasing trading liquidity and broadening access to investors. We made significant strides in our plans to commercialize our proprietary semiconductor materials with strategic partnerships and collaborations with industry-leaders. We believe we have strengthened our position as a key player in the market for microLED displays, as well as packaging solutions for advanced computing and AI chips and CMOS for smart sensors. Looking toward 2025, we are focused on achieving qualifications and design wins with existing and new collaborations. We believe our technology will help drive adoption of advanced display and other technologies, with the microLED industry projected to grow from <span class=\"xn-money\">$150 million<\/span> in 2024 to over <span class=\"xn-money\">$4 billion<\/span> by 2031.<sup>1<\/sup>&#8220;<\/p>\n<p>\n        <b>Smartkem 2024 Highlights:<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>Entered multiple strategic partnerships and collaborations with industry-leading display manufacturers in <span class=\"xn-location\">Asia<\/span>, <span class=\"xn-location\">North America<\/span>, and <span class=\"xn-location\">Europe<\/span>:\n<ul type=\"disc\">\n<li><b>AUO <\/b>to jointly develop the world&#8217;s first advanced rollable, transparent microLED display;<\/li>\n<li><b>FlexiIC<\/b> to develop low-cost, rapid turnaround custom circuits using organic transistor technology <u>and<\/u> a new generation of low-power CMOS-enabled smart sensor devices;<\/li>\n<li><b>ITRI (<\/b>Industrial Technology Research Institute) to enable product prototyping on its Gen 2.5 equipment;<\/li>\n<li><b>Chip Foundation<\/b> to co-develop a new generation of microLED-based backlight technology for Liquid Crystal Displays;<\/li>\n<li><span class=\"xn-location\">Shanghai<\/span><b> Tianma<\/b> Microelectronics to develop OTFT-based microarray biochips to amplify and process signals generated by TFT-based sensor devices; and<\/li>\n<li><b>RiTdisplay <\/b>to manufacture a new type of active-matrix OLED display.<\/li>\n<\/ul>\n<\/li>\n<li>Increased IP to 138 patents and 40 codified trade secrets, strengthening Smartkem&#8217;s competitive advantage in the rapidly evolving organic materials electronics industry.<\/li>\n<li>Uplisted to Nasdaq.<\/li>\n<li>Awarded a grant in partnership with AUO from the 2024 Taiwan-UK Research &amp; Development Collaboration.<\/li>\n<li>Exhibited and presented at key trade events, including Touch Taiwan 2024 and Display Week 2024 in San Jose, where CEO <span class=\"xn-person\">Ian Jenks<\/span> gave the DSCC \/ SID Business Conference keynote speech.<\/li>\n<\/ul>\n<p>\n        <b>2025 Goals:<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>Ship the first installment of Smartkem&#8217;s materials to Chip Foundation under our collaboration to develop a new generation of microLED-based backlight technology for Liquid Crystal Displays.<\/li>\n<li>Sign a Joint Development Agreement (JDA) for a chip-first microLED display.<\/li>\n<li>Complete qualification of Gen 2.5 ITRI process line.<\/li>\n<li>Enter into additional collaborations and\/or co-development agreements that further advance our technology toward commercialization.<\/li>\n<\/ul>\n<p>&#8220;We thank our stockholders for their continued support and look forward to updating you on our progress throughout the year,&#8221; concluded Jenks.<\/p>\n<p>\n        <b>About Smartkem <br \/><\/b>Smartkem is seeking to reshape the world of electronics with its disruptive organic thin-film transistors (OTFTs) that have the potential to revolutionize the display industry.\u00a0 Smartkem&#8217;s patented TRUFLEX\u00ae liquid semiconductor polymers can be used to make a new type of transistor that can be used in a number of display technologies, including next generation microLED displays. Smartkem&#8217;s organic inks enable low temperature printing processes that are compatible with existing manufacturing infrastructure to deliver low-cost displays that outperform existing technology.<\/p>\n<p>Smartkem develops its materials at its research and development facility in <span class=\"xn-location\">Manchester, UK<\/span> and provides prototyping services at the Centre for Process Innovation (CPI) at Sedgefield, UK. It has a field application office in <span class=\"xn-location\">Taiwan<\/span>. The company has an extensive IP portfolio including 138 granted patents across 18 patent families and 40 codified trade secrets. For more information, visit our <a href=\"http:\/\/www.smartkem.com\/\" target=\"_blank\" rel=\"nofollow\">website<\/a> or follow us on <a href=\"http:\/\/www.linkedin.com\/company\/Smartkem-limited\" target=\"_blank\" rel=\"nofollow\">LinkedIn<\/a>.<\/p>\n<p>\n        <b>Forward-Looking Statements <br \/><\/b>All statements in this press release that are not historical are forward-looking statements, including, among other things, its market position and market opportunity, expectations and plans as to its product development, manufacturing and sales, and relations with its partners and investors. These statements are not historical facts but rather are based on Smartkem Inc.&#8217;s current expectations, estimates, and projections regarding its business, operations and other similar or related factors. Words such as &#8220;may,&#8221; &#8220;will,&#8221; &#8220;could,&#8221; &#8220;would,&#8221; &#8220;should,&#8221; &#8220;anticipate,&#8221; &#8220;predict,&#8221; &#8220;potential,&#8221; &#8220;continue,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;project,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221; and other similar or elated expressions are used to identify these forward-looking statements, although not all forward-looking statements contain these words. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond the Company&#8217;s control. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the Company&#8217;s filings with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update information in this release to reflect events or circumstances in the future, even if new information becomes available.<\/p>\n<p>\n        <sup>1<\/sup>\u00a02024 Omdia Report<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN95543&amp;sd=2025-01-14\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/smartkem-recaps-2024-achievements-and-sets-2025-goals-302349880.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/smartkem-recaps-2024-achievements-and-sets-2025-goals-302349880.html<\/a><\/p>\n<p>SOURCE  SmartKem, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LN95543&amp;Transmission_Id=202501140705PR_NEWS_USPR_____LN95543&amp;DateId=20250114\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire MANCHESTER, England , Jan. 14, 2025 \/PRNewswire\/ &#8212; Smartkem (Nasdaq: SMTK), which is seeking to change the world of electronics using its disruptive organic thin-film transistors (OTFTs), recapped its key accomplishments for 2024 and set its goals 2025. CEO Statement Smartkem Chairman and Chief Executive Officer, Ian Jenks commented, &#8220;2024 was a pivotal year for Smartkem. In December, we raised $7.65 million and, together with our collaboration partner, were awarded a $1.1 million grant for a project to develop the world&#8217;s first rollable, transparent microLED display. We uplisted to Nasdaq, increasing trading liquidity and broadening access to investors. We made significant strides in our plans to commercialize our proprietary semiconductor materials with strategic partnerships and collaborations with industry-leaders. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/smartkem-recaps-2024-achievements-and-sets-2025-goals\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Smartkem Recaps 2024 Achievements and Sets 2025 Goals&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-800416","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Smartkem Recaps 2024 Achievements and Sets 2025 Goals - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/smartkem-recaps-2024-achievements-and-sets-2025-goals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smartkem Recaps 2024 Achievements and Sets 2025 Goals - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire MANCHESTER, England , Jan. 14, 2025 \/PRNewswire\/ &#8212; Smartkem (Nasdaq: SMTK), which is seeking to change the world of electronics using its disruptive organic thin-film transistors (OTFTs), recapped its key accomplishments for 2024 and set its goals 2025. CEO Statement Smartkem Chairman and Chief Executive Officer, Ian Jenks commented, &#8220;2024 was a pivotal year for Smartkem. In December, we raised $7.65 million and, together with our collaboration partner, were awarded a $1.1 million grant for a project to develop the world&#8217;s first rollable, transparent microLED display. We uplisted to Nasdaq, increasing trading liquidity and broadening access to investors. 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CEO Statement Smartkem Chairman and Chief Executive Officer, Ian Jenks commented, &#8220;2024 was a pivotal year for Smartkem. In December, we raised $7.65 million and, together with our collaboration partner, were awarded a $1.1 million grant for a project to develop the world&#8217;s first rollable, transparent microLED display. We uplisted to Nasdaq, increasing trading liquidity and broadening access to investors. We made significant strides in our plans to commercialize our proprietary semiconductor materials with strategic partnerships and collaborations with industry-leaders. &hellip; Continue reading \"Smartkem Recaps 2024 Achievements and Sets 2025 Goals\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/smartkem-recaps-2024-achievements-and-sets-2025-goals\/","og_site_name":"Market Newsdesk","article_published_time":"2025-01-14T12:12:05+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/2597198\/SmartKem_Brand_Identity_RGB_POS___small_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/smartkem-recaps-2024-achievements-and-sets-2025-goals\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/smartkem-recaps-2024-achievements-and-sets-2025-goals\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Smartkem Recaps 2024 Achievements and Sets 2025 Goals","datePublished":"2025-01-14T12:12:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/smartkem-recaps-2024-achievements-and-sets-2025-goals\/"},"wordCount":819,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/smartkem-recaps-2024-achievements-and-sets-2025-goals\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/2597198\/SmartKem_Brand_Identity_RGB_POS___small_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/smartkem-recaps-2024-achievements-and-sets-2025-goals\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/smartkem-recaps-2024-achievements-and-sets-2025-goals\/","name":"Smartkem Recaps 2024 Achievements and Sets 2025 Goals - 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