Smartkem (NASDAQ:SMTK) Releases Press Update Recapping 2024 Achievements and Setting 2025 Goals

On January 14, 2025, Smartkem, Inc. filed a Form 8-K with the Securities and Exchange Commission, providing details on recent company developments. The filing included a press release outlining the company’s progress in 2024 and its objectives for 2025.

In 2024, Smartkem, a company focused on transforming electronics through its disruptive organic thin-film transistors (OTFTs), achieved several milestones. CEO Ian Jenks highlighted the successful completion of fundraising activities, such as raising $7.65 million and securing a $1.1 million grant for a groundbreaking project involving the development of a rollable, transparent microLED display in collaboration with industry partners.

Moreover, Smartkem expanded its partnerships globally with leading display manufacturers in regions like Asia, North America, and Europe. The company significantly increased its intellectual property portfolio to 138 patents and 40 codified trade secrets, enhancing its competitive edge in the organic materials electronics sector. Additionally, Smartkem successfully uplisted to the Nasdaq stock exchange, advancing its trading liquidity and investor accessibility.

Looking ahead to 2025, Smartkem outlined key goals for the year. These objectives include shipping the first installment of materials to Chip Foundation under a collaborative effort to innovate microLED-based backlight technology, signing a Joint Development Agreement (JDA) for a chip-first microLED display, completing the qualification of the Gen 2.5 ITRI process line, and entering into additional collaborations to further advance its technology towards commercialization.

Smartkem’s leadership expressed confidence in the company’s trajectory, emphasizing their commitment to fostering technology adoption in various sectors, particularly within the rapidly growing microLED industry.

Smartkem’s press release provided a comprehensive overview of its corporate achievements and strategic plans, showcasing the company’s dedication to innovation and collaboration in the electronics industry. The company’s efforts reflect a strong focus on positioning itself as a key player in shaping the future of display technologies and related applications.

For further details on Smartkem’s activities and offerings, interested parties are encouraged to visit the company’s website or connect on LinkedIn. Additionally, investors and stakeholders can reach out to Smartkem’s representatives for more information regarding the company’s progress and future endeavors.

Please note that forward-looking statements included in the press release involve inherent risks and uncertainties, and actual results may vary due to a variety of factors outlined in Smartkem’s filings with the Securities and Exchange Commission. The company remains committed to providing updates on any material developments or changes in its operations to ensure transparency and informed decision-making within the investment community.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Smartkem’s 8K filing here.

About Smartkem

SmartKem, Inc, together with its subsidiaries, develops materials and processes used to make organic thin-film (OTFT) transistors for the manufacture of flexible electronics. The company offers TRUFLEX semiconductor and dielectric inks, which uses low temperature printing processes to make transistors for the display industry.