Smartkem Commences Project with RiTdisplay To Develop World's First Commercially Ready Active-Matrix OLED Display Using OTFT Technology
MANCHESTER, England, March 22, 2024 /PRNewswire/ -- Smartkem (OTCQB: SMTK), the developer of a disruptive type of organic transistor that has the potential to drive a new generation of displays, today announced that it has entered into a collaboration agreement with RiTdisplay Corp. (RiTdisplay), a leading developer of optoelectronic solutions, visual displays and passive-matrix OLED (PMOLED) displays, for the manufacture of a new type of active-matrix OLED (AMOLED) display.
- USD $20 million) to support both Taiwan and UK companies as part of the Taiwan-UK Research & Development Collaboration.
- USD $530K) in grant funding to the Smartkem project with RiTdisplay.
- Pursuant to the Smartkem and RiTdisplay collaboration, Smartkem will provide its proprietary OTFT materials to RiTdisplay to integrate with its frontplanes (OLED).
- If successful, we believe the integration of our materials will result in the development of the world's first commercially ready full color demonstration AMOLED display using OTFT backplanes."