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Smartkem and Jericho Energy Ventures Sign Letter Of Intent to Create U.S.-Owned, AI-Focused Infrastructure Company
Smartkem and Jericho Energy Ventures Sign Letter Of Intent to Create U.S.-Owned, AI-Focused Infra...
About this update from Jericho Energy Ventures Inc
[{"type":"text","content":"Smartkem and Jericho Energy Ventures Sign Letter Of Intent to Create U.S.-Owned, AI-Focused Infrastructure Company\n\n\n\n Smartkem and Jericho Energy Ventures Sign Letter Of Intent to Create U.S.-Owned, AI-Focused Infrastructure Company\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n PR Newswire\n \n\n\n\n\n Proposed all-stock transaction aims to align JEV's scalable energy platform with Smartkem's semiconductor innovations to power next generation AI data centers\n \n\n\n\n\n MANCHESTER, England\n \n\n ,\n \n\n Oct. 7, 2025\n \n\n /PRNewswire/ -- Smartkem, Inc. (Nasdaq: SMTK), (\"Smartkem\"), a company developing a new class of organic semiconductor technology, today announced that it has signed a non-binding Letter of Intent (\"LOI\") with Jericho Energy Ventures Inc. (TSX-V: JEV, OTC: JROOF) (\"Jericho\" or \"JEV\"), an energy innovation company, for a proposed all-stock business combination (the \"Proposed Transaction\"). If completed, the Proposed Transaction would establish a U.S.-owned and controlled AI infrastructure company, integrating low-cost domestic energy with advanced semiconductor packaging and materials to support the surging demand for AI compute capacity.\n \n\n\n\n\n\n\n\n\n\n AI Infrastructure at the Core\n \n\n\n JEV is positioned at the intersection of energy and AI, leveraging its high-capacity energy framework, renewable innovation, and clean hydrogen technologies to provide resilient, low-cost power for AI data centers. The contemplated transaction would integrate Smartkem's patented organic semiconductor platform into Jericho's infrastructure to accelerate:\n \n\n\n Energy-efficient AI data centers engineered for next-generation workloads\n \n\n Advanced AI chip packaging that reduces power consumption and heat\n \n\n Low-power optical data transmission to enable faster interconnects\n \n\n Conformable sensors for environmental monitoring and operational resilience\n \n\n\n\n Leadership Commentary\n \n\n\n \"This proposed transaction positions Smartkem's technology at the center of the largest technology build-out of our era,\" sai...