UK Research and Innovation

Smartkem Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on:

Thursday, March 28, 2024

Research, UKRI, Tax, ITRI, EDA, Sale, OTFT, Industrial Technology Research Institute, AMOLED, Society for Information Display, UK Research and Innovation, OLED, OTCQB, Marketing, Innovate UK, Innovation, Cryptocurrency

MANCHESTER, England, March 28, 2024 /PRNewswire/ -- Smartkem (OTCQB: SMTK ), the developer of a new class of semiconductor polymer transistors that have the capability of powering the next generation of displays, today provides a business update and reports financial results for the fourth quarter and full year ended December 31, 2023.

Key Points:

MANCHESTER, England, March 28, 2024 /PRNewswire/ -- Smartkem (OTCQB: SMTK ), the developer of a new class of semiconductor polymer transistors that have the capability of powering the next generation of displays, today provides a business update and reports financial results for the fourth quarter and full year ended December 31, 2023.
Cash and cash equivalents as of December 31, 2023, were $8.8 million compared to $4.2 million as of December 31, 2022.
Operating expenses as of December 31, 2023, were $10.8 million compared to $10.9 million as of December 31, 2022.
"2023 was an important year for Smartkem as we sought additional funding via a private placement for net proceeds of $12.4 million.

Smartkem Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on:

Thursday, March 28, 2024

MANCHESTER, England, March 28, 2024 /PRNewswire/ -- Smartkem (OTCQB: SMTK ), the developer of a new class of semiconductor polymer transistors that have the capability of powering the next generation of displays, today provides a business update and reports financial results for the fourth quarter and full year ended December 31, 2023.

Key Points:

MANCHESTER, England, March 28, 2024 /PRNewswire/ -- Smartkem (OTCQB: SMTK ), the developer of a new class of semiconductor polymer transistors that have the capability of powering the next generation of displays, today provides a business update and reports financial results for the fourth quarter and full year ended December 31, 2023.
Cash and cash equivalents as of December 31, 2023, were $8.8 million compared to $4.2 million as of December 31, 2022.
Operating expenses as of December 31, 2023, were $10.8 million compared to $10.9 million as of December 31, 2022.
"2023 was an important year for Smartkem as we sought additional funding via a private placement for net proceeds of $12.4 million.

Smartkem Commences Project with RiTdisplay To Develop World's First Commercially Ready Active-Matrix OLED Display Using OTFT Technology

Retrieved on:

Friday, March 22, 2024

Research, Economy, UKRI, Plasma, TFT, ITRI, DPI, Industrial Technology Research Institute, AMOLED, UK Research and Innovation, OLED, PECVD, OTCQB, Innovate UK, Innovation, OTFT, Television

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.

Key Points:

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."

Smartkem Commences Project with RiTdisplay To Develop World's First Commercially Ready Active-Matrix OLED Display Using OTFT Technology

Retrieved on:

Friday, March 22, 2024

Research, Economy, UKRI, Plasma, TFT, ITRI, DPI, Industrial Technology Research Institute, AMOLED, UK Research and Innovation, OLED, PECVD, OTCQB, Innovate UK, Innovation, OTFT, Television

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.

Key Points:

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."

Vertical Wins New UK Government Backing to Transform the Future of Flight

Retrieved on:

Tuesday, February 20, 2024

The project is the third awarded to Vertical by the ATI Programme and brings total UK Government grant funding to £37 million ($47 million).

Key Points:

The project is the third awarded to Vertical by the ATI Programme and brings total UK Government grant funding to £37 million ($47 million).
Vertical is pioneering these efforts through the VX4, with a new, more advanced and full-scale prototype currently in production.
Vertical has previously been awarded £26m from the ATI Programme as well as £3m from the Future Flight Challenge.
The latest ATI Programme grant brings total UK Government support to £37m.

Emergex Signs Contract of £1.79M with the UK Department of Health and Social Care’s UK Vaccine Network (“UKVN”) to Advance Its Novel Synthetic T Cell-Priming Set-Point Candidate Against Chikungunya Virus

Retrieved on:

Friday, November 17, 2023

In the last decade, CHIKV has become a reemerging mosquito-transmitted virus that has spread into Europe, Asia, the Pacific Region, and the Americas, with epidemics causing severe economic impact.

Key Points:

In the last decade, CHIKV has become a reemerging mosquito-transmitted virus that has spread into Europe, Asia, the Pacific Region, and the Americas, with epidemics causing severe economic impact.
The programme is intended to position Emergex for entry to the clinic by its completion, ready to begin a Phase-1 clinical trial.
Subsequently, Emergex achieved all milestones priming the CHIKV candidate for progression to the next stage of its preclinical development.
A Phase-2 trial for CoronaTcP and a Phase-1 trial for a Universal Influenza vaccine candidate are planned in H1 2024.

Research consortium of Altair, JLR, and Danecca awarded funding through the Faraday Battery Challenge to create a new design process for electric vehicles

Retrieved on:

Thursday, December 7, 2023

UK Research and Innovation, Research, JLR, ALTR, Artificial intelligence, DSIT, Innovation, Government, FEA, 3D printing, Electric battery, Science, TROY

TROY, Mich., Dec. 7, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), announced together with JLR and battery manufacturer Danecca, the company has been awarded funding from the U.K. government through the Faraday Battery Challenge. The three companies have developed a consortium to support a research project to develop a new design process for electric vehicles. The project funding comes from UK Research and Innovation, a non-departmental public body sponsored by the Department for Science, Innovation and Technology (DSIT) to support the development of battery technology in the U.K.

Key Points:

The three companies have developed a consortium to support a research project to develop a new design process for electric vehicles.
The new vehicle models will have a new, lighter body that offers more room for the battery without adding additional weight.
"This research project with Altair and Danecca marks an important step forward in creating electric vehicles that deliver sustainable e-mobility for the future."
All research results will stay with JLR, Danecca, and Altair after the funded project period and can be used for other customers or projects.

Research consortium of Altair, JLR, and Danecca awarded funding through the Faraday Battery Challenge to create a new design process for electric vehicles

Retrieved on:

Thursday, December 7, 2023

UK Research and Innovation, Research, JLR, ALTR, Artificial intelligence, DSIT, Innovation, Government, FEA, 3D printing, Electric battery, Science, TROY

TROY, Mich., Dec. 7, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), announced together with JLR and battery manufacturer Danecca, the company has been awarded funding from the U.K. government through the Faraday Battery Challenge. The three companies have developed a consortium to support a research project to develop a new design process for electric vehicles. The project funding comes from UK Research and Innovation, a non-departmental public body sponsored by the Department for Science, Innovation and Technology (DSIT) to support the development of battery technology in the U.K.

Key Points:

The three companies have developed a consortium to support a research project to develop a new design process for electric vehicles.
The new vehicle models will have a new, lighter body that offers more room for the battery without adding additional weight.
"This research project with Altair and Danecca marks an important step forward in creating electric vehicles that deliver sustainable e-mobility for the future."
All research results will stay with JLR, Danecca, and Altair after the funded project period and can be used for other customers or projects.

HyProMag’s Rare Earth Magnet Recycling Technology Selected as a Minerals Security Partnership Project

Retrieved on:

Wednesday, October 11, 2023

HyProMag utilises hydrogen to recycle rare earth magnets vital for the global energy transition by liberating them from end-of-life scrap.

Key Points:

HyProMag utilises hydrogen to recycle rare earth magnets vital for the global energy transition by liberating them from end-of-life scrap.
“We see this as a significant endorsement of the technology, which can make a substantial impact in unlocking the supply chain for rare earth magnet recycling from end-of-life products and enabling the production of rare earth alloys and magnets with a significantly reduced carbon footprint.”
HyProMag Ltd is commercialising rare earth magnet recycling using Hydrogen Processing of Magnet Scrap (HPMS) technology, which can liberate and recycle magnets from end-of-life scrap.
In line with MSP’s commitment to recycling and reuse, the development of new sources of recycled rare earths can accelerate development of sustainable and competitive rare earth magnet production.
It is focused on developing green technology opportunities in the rare earths supply chain, encompassing neodymium (NdFeB) magnet recycling as well as innovative rare earth alloy, magnet, and separation technologies.

Mkango and CoTec Provide Update on Roll-Out Of HyProMag’s Rare Earth Magnet Recycling Technology Into the United States

Retrieved on:

Tuesday, October 10, 2023

LONDON and VANCOUVER, British Columbia, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (“Mkango”) and CoTec Holdings Corp. (TSXV: CTH; OTCQB: CTHCF) (“CoTec”) are pleased to provide an update on the roll-out of HyProMag’s rare earth magnet recycling technology into the United States.

Key Points:

LONDON and VANCOUVER, British Columbia, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (“Mkango”) and CoTec Holdings Corp. (TSXV: CTH; OTCQB: CTHCF) (“CoTec”) are pleased to provide an update on the roll-out of HyProMag’s rare earth magnet recycling technology into the United States.
HyProMag Ltd (“HyProMag”) is a wholly owned subsidiary of Maginito Ltd (“Maginito”), which is 79.4% owned by Mkango and 20.6% owned by CoTec.
Based on positive scoping studies to date, Maginito and CoTec have commenced planning for the feasibility study for the United States operation (“Feasibility Study”), targeted for completion by mid-2024.
It is focused on developing green technology opportunities in the rare earths supply chain, encompassing neodymium (NdFeB) magnet recycling as well as innovative rare earth alloy, magnet, and separation technologies.