(MENAFN- ProactiveInvestors)
' () shares should open higher on the ASX after announcing it has achieved a breakthrough with its nanocube memory technology transforming it into printable ink.
The memory technology is being developed under licence from the University of New South Wales.
The nanocube technology consists of tiny cube-shaped memory cells with potential to enable large amounts of data to be stored on smaller faster memory devices.
Nanocubes developed by the University of New South Wales are 10000 times smaller than a human hair.
has a capital gains tax-free ASX listed structure with which it is backing the technology.
Work is now focused on optimising the nanocube ink to print memory cells using an inkjet printer onto silicon glass and flexible plastic materials.
managing director Charles Murphy said “Printed electronics to date have not found a solution for high performance printable memory.
The 12-week program commenced at UNSW will show the world how cutting edge the nanocube technology is. The coming period will be quite a ride for the Company and its shareholders.”
A 100% owned subsidiary has an exclusive global license for the technology from UNSW and contracted the materials group at the UNSW School of Materials Science and Engineering to assist in development of a memory device prototype make improvements to the nanocube memory technology and create new intellectual property.
Breakthrough
A breakthrough in printed high performance memory could enable many new categories of electronic products.
Companies have invested billions of dollars into printable electronics and key technology companies have been identified for discussions on the nanocube technology.
Once testing is complete the company intends to approach certain companies to discuss development options to engage with the technical team from UNSW.
Printed electronics
Wearable technologies sensors screens and displays automotive markets healthcare and 3D printing are creating strong market pull for printable electronics.
New printing innovations take advantage of the same technologies used in actual printers such as the print heads ink particle and materials management capabilities. After many years of promise printed electronics are moving into mass markets.
Manufacturing plants can potentially be built with one tenth to one hundredth of the capital cost of conventional semiconductor or thin-film fabrication plants.
Devices can be produced in high volume over large areas on flexible substrates thereby enabling electronic systems to be deployed in a wide variety of non-traditional situations; on paper and plastic on clothes in furniture cars and buildings as well as on packaging and even in and on the human body.
Global market opportunity
While printed electronics have reached mass production the memory components of printed electronics are still very limited in their performance.
Thus a printable memory with high performance will be a breakthrough in printable electronics and assist in transforming the industry.
An outstanding feature and clear point of difference of the nanocube technology is the ability to be incorporated into a solution which can potentially form printed flexible and transparent memory cells with high performance and low power consumption.
The potential for a combination of high performance nanocube memory technology with low cost fabrication by printing creates significant global opportunities in a rapidly growing market segment.
Leading research firm IDTechEx has forecast the total printed electronics market will grow from $16 billion in 2003 to $76.79 billion by 2023.
Additional patents
Additional patent coverage has been lodged over memory devices with a film or printable ink containing nanocubes.
Additional technology licence
The Company has signed a second technology licence with UNSW for development of patent pending UV light technology for markets including sensing and memory.
The technology exploits ultra-violet light as a new additional method to control electronic device operations. The technology also has potential applications in IOT or the “Internet of Things”.
The design has the capability to work as a memory and light sensor combination that opens the door to novel multifunctional storage devices.
A prototype was fabricated and laboratory testing conducted to date has demonstrated a reduction of power consumption by as much as 20% and a 10 times increase in data storage and processing speeds for high performance electronic devices.
managing director Charles Murphy said “Although the priority focus for the Company is on the nanocube technology we are also keen to show the exceptional benefits of the UV light technology in its own right.
"Potential synergies between the two technologies will also be reviewed.
“The outstanding increase in speed and reduction in power is incredibly promising as is the market potential of a combined sensor and memory device. We believe that once the potential of this technology is fully revealed it will attract significant commercial interest.”
Analysis
Today's technology advance validates the investment made by and highlights the capital gains tax-free ASX listed structure of the company.
The global market opportunity is vast as the potential for a combination of high performance nanocube memory technology with low cost fabrication by printing creates significant global opportunities in a rapidly growing market segment.
The company's shares have been an out and out star performer moving from $0.041 in May to $0.245 today. We expect the shares to move higher on today's breakthrough.
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