UK-based OTFT developer SmartKem announced that it has signed a letter of intent (LOI) towards a commercialization partnership with a leading OLED market in China. This partnership will enable the development and industrialization of OTFT LCDs and OLEDs on plastic substrates.
SmartKem says that this LOI is just the first step in a joint commitment by SmartKem and the OLED maker to develop LCD and AMOLED solutions and a full commercialization of an OTFT-based display production.
In July 2017 SmartKem announced that it has finalized an industrial grade 2.5-Gen (400x500 mm) process for the mass production of OTFT backplanes on glass or plastic, at its its pilot line in the UK CPI.
In December 2016 SmartKem announced a €3 million financing round from its existing investors, including BASF Venture Capital, Octopus Ventures and Entrepreneurs Fund.