SmartKem Inc (OTCMKTS:SMTK) maybe a company that you could consider tracking this morning despite the fact that its stock was trading within a range on Wednesday. In this context, it ought to be noted that SmartKem is looking to bring about a paradigm shift in the electronics industry through unique organic semiconductor platform.
SmartKem and Nanosys Enter into Joint Development Agreement
Yesterday, the company came into focus after it announced that it had managed to sign a joint development agreement by way of which it is going to collaborate on an advanced low cost printed microLED. On top of that, the company is also going to be involved in quantum dot materials for the purposes of quantum displays.
It goes without saying that the development was a significant one for SmartKem but it appears that investors are still being a bit cautious with regards to the situation. It was also noted that there were a lot of synergies between the two entities and that is one of the major reasons behind the collaboration.
At this point in time, it may be a good move from investors to consider adding the SmartKem stock to their watch lists and watch for further moves.
Key Quote
Commenting on today’s announcement, Ross Young, Display Supply Chain Consultants (DSCC) CEO, notes, “There are significant synergies between these two companies and their joint development work has the potential to accelerate commercialization opportunity for both companies.”
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