Strategic Elements Ltd (ASX:SOR) continues to work with the CSIRO regarding the development of its Nanocube Memory Ink technology.
Recent work has involved trialling methods of optimising the levels of organic material within memory ink for industrial scale processes.
READ: Strategic Elements advancing dual focus on technology and gold exploration
The company has also been working with the University of New South Wales (UNSW) to further develop the memory ink technology.
Strategic and CSIRO will extend the current program and apply to the Australian Federal Government for an additional $100,000 project.
Unique technology in a multi-billion market
The company is unaware of any commercially available memory ink with characteristics of transparency, flexibility and potential for larger memory capacity.
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.