Strategic Elements Ltd (ASX:SOR) has an investment in Nanocube Memory Ink technology, which is licenced from the University of New South Wales.
SOR wholly owns Australian Advanced Materials (AAM), which has an exclusive global licence for the technology from the university.
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.
SOR has now provided an update, and said that the alternative prototype fabrication method investigated by its technical team has succeeded in creating a layer of nanocube ink over five times thinner than achieved previously with increased performance.
The surface roughness and uniformity of the nanocube layer was also significantly enhanced.
The University of New South Wales team has optimised a number of fabrication parameters for the alternative fabrication method in a very short time frame.
SOR said that this provided confidence for the company to commence a new generation of prototype nanocube memory inks.
Charles Murphy, managing director, commented:
“We are champing at the bit to fully reveal the new generation of nanocube ink prototypes.
"However, revealing every aspect at this stage is obviously against our shareholders own interests.
"The company is confident we will start to attract serious industry attention if we achieve our short term goals in relation to intellectual property and technology development."
The Nanocube technology has extremely beneficial capabilities deriving from the structure of the materials and quality of the Nanocube ink layer.
Therefore, achieving the desired ink layer specifications can be challenging, since the tuneable range of thickness and surface topography is limited and strongly dependent on processing parameters and solution properties.
SOR said recent significant intellectual property has been discovered by the company and is being included with other intellectual property in the patent strategy being formulated with its attorneys.
Once this has been completed, SOR will be in a position to release this information to the market and commence initial partnering discussions.
Over the next few weeks, SOR will design a development program to utilise and further optimise the alternative fabrication method whilst building a new generation of prototype nanocube inks.
Information on the significance of the program and forward strategy for the technology will be released to the market prior to the program commencing.
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