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Strategic Elements files patent for ultra-low power printable memory

The company has also had a strong endorsement of its materials technology strategy with a $1 million SPP more than four times oversubscribed.

Strategic Elements Ltd - Strategic Elements files patent for ultra-low power printable memory
The increased memory potential of the technology is achieved using less than 1.5 volts.

Strategic Elements Ltd (ASX:SOR) subsidiary Australian Advanced Materials has filed a new patent to further protect the intellectual property of its Nanocube Memory Ink (ReRAM) technology.

The patent defines novel ultra-low power flexible circuits able to operate an array of Nanocube Memory Ink cells.

This is suitable for flexible electronics (eg wearable healthcare sensors) which can only use low power batteries – restricting the amount of processing and data storage that can be applied.

Scaling memory technology

Strategic Elements managing director Charles Murphy said: “We are still at an early stage of development and the company will work with the University of New South Wales to develop a program for the technology.

“Our aim is to develop a 1 Megabit ultra-low power, flexible, transparent memory device within the next six months.”

The addition of the Nanowire flexible circuit technology is designed to enable the company to scale its memory technology for ultra-low power applications.

Ultra-low power

The nanoscale circuits are fabricated with a printable ink that contains wires with diameters 100 times smaller than a human hair (nanowires) and enable smaller memory cells and larger density of memory arrays to operate on a flexible device while still using less than 1.5 volts.

The patent filing also covers Nanowire Ink and memory array design for potential use in other flexible electronic devices that requires similar selector/circuit functionality including OLED devices, sensor devices and neuromorphic computing devices.

SPP oversubscribed four-fold

Strategic Elements has also received a strong endorsement of its materials technology through a heavily oversubscribed share purchase plan (SPP).

The company had planned to raise $1 million but this target was exceeded more than four-fold with the company receiving applications in excess of $4.294 million.

As such, applications will be accepted on a first received basis up to the $1 million with any oversubscriptions accepted at the directors’ discretion and subject to all legal and regulatory requirements.

The company intends to close the plan early on Monday, November 2, at 5pm AWST and reserves the right to scale back applications for amounts over $1 million.

Quick facts: Strategic Elements Ltd

Price: 0.165 AUD

ASX:SOR
Market: ASX
Market Cap: $62.43 m
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