Metech International Limited announced that its joint venture company, Asian Eco Technology Pte. Ltd. has entered into a collaboration with (Xi'an Demengte Semiconductor Technology Co Ltd.) ("DMT") to develop industrial applications for semiconductor with lab-grown diamonds, where both companies will jointly undertake research and development activities in the key areas of diamond semiconductor materials, diamond substrates and diamond metal composites. Affliated to (Xi'an Jiaotong University), China-based DMT is a high-tech enterprise which specialises in the research and development of cutting-edge and innovative diamond semiconductor materials and the commercialisation of its scientific achievements. DMT has also established strong working relationships with China's top scientific research institutions such as Suzhou Institute of Nanotechnology and Nano-Bionics, Chinese Academy of Sciences, and Xi'an Jiaotong University. Staffed by several industry experts, comprising professors, researchers and overseas scientists, DMT has built up strong technological capabilities and attained numerous intellectual property rights and patents. Almost all computer chips are built on silicon, but diamond can run hotter without degrading in performance (over 5 times that of silicon), is more easily cooled (with 22 times the heat transfer efficiency of silicon), can tolerate higher voltages before breaking down, and electrons (and electron- holes) can move faster through them. Diamond-based semiconductors use less energy more efficiently while delivering better performance. They are also more environmentally friendly than silicon and improve thermal performance within a device. Diamonds are more widely known to be used in jewellery but diamonds are also commonly used for industrial applications in medical equipment, aerospace, semiconductors, among others. Lab-grown diamond is chemically, physically and optically identical to a mined diamond, hence without the need for mining, lab-grown diamonds is a sustainable source of this important material. AET has recently entered into a 3-year lease agreement for an industrial property located at Kallang that can accommodate up to 30 production machinery for lab-grown diamonds. Production is expected to commence by the end of December 2021 and the lab-grown diamonds will be produced on a bi-weekly basis.