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News  ›  GlobeNewswire Inc.

Smartkem Signs Proof of Concept Agreement with Global Consumer Electronics Giant for MicroLED Wearables

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Smartkem, Inc.
Smartkem Signs Proof of Concept Agreement with Global Consumer Electronics Giant for MicroLED Wearables

Smartkem announced a 12-month paid proof-of-concept agreement with a major consumer electronics company to develop next-generation smart wearables featuring conformable MicroLED displays using Smartkem's organic thin-film transistor (OTFT) technology. The collaboration aims to address key wearables challenges including miniaturization, power consumption, and durability, with potential manufacturing on existing Gen2.5 production lines.

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The company secured a paid proof-of-concept agreement with a major consumer electronics player, validating its OTFT technology for commercial applications. This represents progression from platform validation to product-level execution in a high-growth market (projected to reach $186 billion by 2030), demonstrating market demand and commercial viability of their technology.