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Strategic Elements has created a potentially revolutionary glass based memory device using its transparent memory ink.
Strategic together with a materials research team from the University of New South Wales (UNSW) successfully created the prototype.
These new glass based materials are considered by many to be central to the printed electronics sector which is forecast to grow to US$70.4 billion by 2024.
Data shows the prototype was highly reliable and capable of storing and retrieving the same piece of information 100,000 times with no signs of degradation.
Despite existing silicon chip based flash memory being produced in billion dollar fabrication plants, the endurance capability still ranges from only 10,000 to 100,000 cycles.
The company is currently undergoing the development and patent work required to showcase the memory technology to potential partners.
Transparent electronics
Transparent electronic devices are the ultimate goal of many large global consumer electronics companies.
Optical measurements for transparency revealed the glass based prototype device was highly transparent with 70%-80% transparency.
This is much higher than the definition of transparency in electronics.
Share Purchase Plan
Strategic recently extended a share purchase plan (SPP) due to demand from shareholders which will now raise a total of up to $4.5 million.
The SPP was extended by a week and will now close on June 7, 2016.
Despite receiving approaches from domestic and overseas potential investors over the past 12 months, the board made the decision not to provide an opportunity to its own shareholders first.
Commercialisation strategy
Strategic is looking for partnerships to help commercialise its revolutionary Nanocube Memory Ink technology.
This involves identifying potential partners across the global printed electronics supply chain.