other material
confidence high
sentiment positive
materiality 0.70
Smartkem signs MOU with RiTdisplay to integrate OTFT process into Gen2.5 pilot line
SmartKem, Inc.
- Smartkem (SMTK) and RiTdisplay signed non-binding MOU to transfer OTFT prototyping to RiTdisplay's Gen2.5 commercial line.
- RiTdisplay pilot line expected available in H2 2025 for product prototyping of OTFT-based AMOLED displays.
- MOU builds on 2021 JDA and 2024 UK/Taiwan grant project for first commercial OTFT AMOLED display.
- No assurance of definitive agreement; non-binding and subject to further negotiation.