SMARTKEM, INC. ANNOUNCES QUALIFICATION OF ITS TRUFLEX® MATERIALS

SmartKem,Inc. is a company seeking to reshape the world of electronics with a revolutionary semiconductor platform that enables a new generation of displays.

MANCHESTER,England,Sept. 14,2022 -- SmartKem,Inc. (OTCQB: SMTK) is pleased to announce the qualification of SmartKem's TRUFLEX® SL03 photocurable,organic dielectric for use with existing Build-up film (BF) materials as a redistribution layer to interconnect High-Performance Computing (HPC) silicon ICs. The HPC market is projected to grow from $3.60Bn to $4.99Bn from 2022 to 2027,indicating significant opportunity as a result of this qualification.

TRUFLEX® SL03 can be patterned by direct laser writing using Direct Lithography Technology to deliver a maskless process for rapid prototyping,with via hole sizes down to 3.7 Microns diameter,at a low process temperature of 150°C. It is photocurable at 10millijoules/cm2,enabling rapid production throughput. The performance demonstrated in these tests illustrates the potential of this material for the next generation of high-density interconnects. A demonstration of this detailed performance can be seen at the ITRI (Industrial Technology Research Institute) booth,as well as high-resolution line width and high-end panel-level fan-out packaging or advanced IC substrate applications,at SEMICON Taiwan 2022 from 14th-16th of September 2022.

ITRI's booth can be found in N0662 (N Zone),4F,Tainex1 at SEMICON.

For more information on SEMICON 2022,please visit:

https://www.semicontaiwan.org/en

SmartKem's OTCQB information can be found on the OTC Markets website:

www.otcmarkets.com/stock/SMTK/overview

About SmartKem

SmartKem is seeking to reshape the world of electronics with a revolutionary semiconductor platform that enables a new generation of displays,sensors and logic. SmartKem's patented TRUFLEX® inks are solution deposited at a low temperature,on low-cost substrates to make organic thin-film transistor (OTFT) circuits. The company's semiconductor platform can be used in a number of applications including mini-LED displays,AMOLED displays,fingerprint sensors and integrated logic circuits. SmartKem develops its materials at its research and development facility in Manchester,UK,and its semiconductor manufacturing process at the Centre for Process Innovation (CPI) at Sedgefield,UK. The company has an extensive IP portfolio including over 160 patents across 16 patent families. For more information,visit: www.smartkem.com and follow us on LinkedIn and Twitter @SmartKemTRUFLEX

Forward-Looking Statements

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