|SmartKem secures €3 million from investors including BASF|
13 August 2014 15:54
By Tornado Staff
SmartKem, a UK provider of organic semiconductor inks to enable printing of thin film transistors, has received a round of funding from BASF Venture Capital, Octopus Investments and Entrepreneurs Fund.
SmartKem’s high-performance organic semiconductor inks are used in printed thin film transistors (TFTs). These drive unbreakable and flexible electronics, such as flexible OLED (Organic Light Emitting Diodes) displays. TFTs have the function to switch pixels on and off. Current display technologies based on inorganic TFT materials (eg silicon or metal oxide systems) are processed on glass at high temperatures. When it comes to true flexibility, conventional TFT systems reach their boundaries. Organic thin film transistors are inherently more flexible. They can be processed on plastic films as they are printable at low temperatures.
Steve Kelly, CEO of SmartKem, stated: “We are happy to join forces in research and development with BASF to progress smart chemistry for the new generation of flexible displays and circuits.”
SmartKem has a pipeline of inks that are under evaluation by various partners in the industry. Its business model is focused on delivering expertise in molecular design, synthesis, application engineering and technology transfer to customers.
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