SmartKem, a St. Asaph Business Park, Wales, UK-based developer of novel, printable organic semiconductor materials and ink formulations for flexible electronics, has received a financing of undisclosed amount.
Investors include the Porton Capital Group and Finance Wales Investments Limited.
The company intends to use the funds to further develop its flexible printed electronics solutions for applications including electronic displays, thin-film RFID, smart sensors and printed logic circuits.
SmartKem who has just completed an R&D phase and is now focusing on the formulation of innovative organic semiconductor inks for improved performance and manufacturing of printed transistor arrays and logic circuits.
According to CEO Steve Kelly, the funding will enable the company to speed up developments and growth scaling up market testing and accelerate towards commercialization.