Strategic Elements (ASX:SOR) has revealed that an alternative method of building a Nanocube Memory Ink prototype is being optimised with the aim to reveal significantly enhanced capabilities of the memory technology.
The company has an investment in the technology, which was licenced from the University of New South Wales.
Strategic Elements said that due to very promising early results, extended time and resources have been allocated for further optimisation of this method and initial testing of the memory technology.
Charles Murphy, managing director for Strategic Elements, commented:
“We believe the technology is completely different to anything else being developed globally.
"It's important we continue to back the innovative concepts that the UNSW team propose as they are a globally respected technical team developing a breakthrough technology."
Some of the advanced potential capabilities of the Nanocube technology have not been released publicly by the company to date due to the patenting and IP process.
It is common within the industry for companies with disruptive technology to operate in ‘stealth mode’ in respect to certain aspects of their technology until market and IP/patent issues have been addressed.
The memory ink prototype tested at the end of 2015 successfully demonstrated a number of important features that differentiate the Nanocube technology.
Further optimisation and initial testing will be conducted over the next 3-4 weeks.
A successful result will enable the company to demonstrate the enhanced capacity of the technology to future potential partners.
Strategic Elements and nanocube memory technology
Strategic Elements wholly-owns Australian Advanced Materials (AAM).
AAM has an exclusive global licence for the technology from UNSW and has contracted the materials group at the UNSW School of Materials Science and Engineering to assist in developing a nanocube memory prototype, improving the technology and creating new intellectual property.
Nanocube memory technology is based on RRAM, the type of memory technology forecast to replace flash memory, which is reaching its limits.
RRAM allows faster, less power hungry, more reliable, cheaper and more scalable memory.
There are many companies developing different RRAM memory solutions including Micron and Sony.
However, the nanocube technology has significant points of difference.
It is flexible, transparent and can be fabricated into a liquid solution at room temperature outside expensive high-vacuum chambers.
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