SmartKem Inc. announced that it has entered into a joint development agreement with RiTdisplay Corp. Pursuant to this agreement, the parties will collaborate on the production of a full color demonstration AMOLED display. Through the application of its unique TRUFLEX® technology, SmartKem will provide OTFT backplanes to enable the manufacture of an AMOLED display using RiTdisplay's frontplane (OLED) and drive electronics. TRUFLEX® materials are developed for standard process equipment sets that has the benefit of both lower material and equipment costs. This makes high performance and stable display backplane technology accessible to manufacturers at a lower capital costcompared to inorganic TFT technology. RiTdisplay envisions the integration of its high efficiency OLED technology with SmartKem Inc.'s high performance organic thin film transistor technology (OTFT) to create an even higher brightness and resolution display; the addition of OTFT technology is also expected to enable RiTdisplay to produce products with better reliability and larger in size. With this completely organic device structure, RiTdisplay believes it will be able to produce OTFT-AMOLED displays that provide super slim and bendable characteristics.