Strategic Elements Ltd (ASX:SOR) has received financial support from the Federal Government to extend development of the Nanocube Memory Ink Project along with CSIRO.

The Nanocube Memory Ink is an advanced nanotechnology material under development to be printed or coated onto non-silicon transparent or flexible surfaces (e.g. glass, plastic) to store/retrieve data.

The additional grant funding has been awarded to trial more advanced device configurations and performance of transparent memory ink on glass surfaces.

Strategic is planning to employ optimised fabrication parameters recently developed in conjunction with inventors of the technology at the University of New South Wales (UNSW) laboratories.

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The grant has been awarded to the Nanomaterials and Devices Team of CSIRO Manufacturing based in Melbourne and Strategic Elements’ 100%-owned subsidiary Australian Advanced Materials (AAM).

The $100,000 project will be co-funded by the Australian Federal Government and Strategic Elements.

The funding enables the placement of a CSIRO researcher to work collaboratively with AAM on an Innovation Connections project.

Whilst the Nanocube Memory Ink is still in development, the large-scale commercial opportunity and potential to be a global first mover continues to provide an attractive market opportunity.

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Strategic Elements recently identified several fabrication and testing procedures it believes to have caused previous development delays to its Nanocube Memory Ink technology.

The program of work at CSIRO is expected to be conducted over a 12-week period.

In addition, the company has been working with the University of New South Wales with a view to incorporate the Nanocube Memory Ink into potential demonstration applications.