XTPL Submicron Lab Printer

XTPL marches towards GPW (the Warsaw Stock Exchange) and the Frankfurt-based Open Market

  • Entering the main trading floor will open the doors to a wider group of potential institutional investors
  • Dual listing will improve the company’s relationship with international contractors and investors
  • The company is preparing to beta test an innovative printer and exploring new business opportunities

The Wrocław-based XTPL, which is currently developing a breakthrough method of ultra-precise printing using a wide range of nanomaterials (intended, among others, for printed electronics manufacturers and for other industries), is making the leap to the next level of operations. The company’s Management Board has just announced its plan to move up from the New Connect market to the main trading floor of the Warsaw Stock Exchange (GPW). The company, boasting a capitalization of over 100 million PLN, is planning to make its debut on GPW within the next months.
“We have recently concluded an agreement with the law firm Spaczyński, Szczepaniak i Wspólnicy, who will be a leading partner in the process. We have commenced joint work the preparation of an issue prospectus, among others. One of the reasons we want to make debut on the ‘big’ stock exchange is to attract the attention of institutional investors that appreciate global-scale innovation. Most of them tend to avoid investing in New Connect-listed companies on principle. At the same time, XTPL is growing rapidly, developing its technology and expanding business lines, which means that more and more financial institutions are interested in buying our shares,” explains Filip Granek, President and founder of XTPL.

Currently, the shareholding structure of XTPL includes two international investors with more than 5% of the  shares, namely the German investment funds Heidelberger Beteiligungsholding AG and Universal-Investment GmbH, whose portfolio of assets is worth hundreds of billions of EUR. In 2018, another event will put XTPL even closer to western-market investors: after debuting on GPW the Wrocław-based company is to join another stock exchange – the Open Market (Freiverkehr) operated by Deutsche Börse.
“For us, GPW is an EU-wide passport that will make it easier to debut on stock exchanges abroad and to accumulate capital from international markets. Open Market is a dynamic market for small and medium-sized enterprises that is both closely followed by many German investors and free of restrictive regulations. For us, dual listing is the next step in building an international investment ecosystem around XTPL,” said Filip Granek.

Since its debut in September 2017 and gathering more than 10 million PLN from investors, XTPL has consistently realized its issue objectives. In the first half of 2018, the company will commence the beta testing of a new innovative printer. Even now, XTPL is developing new applications for its technology, used for repairing broken metal interconnections in thin-layer electronic circuits.
“Following results of our current research, XTPL is looking for partners to jointly develop technologies that could be implemented in the production of TFT/LCD displays, silicon solar cells, integrated circuits and printed circuit boards, aimed at manufacturers who are look for cheaper and more efficient methods of eliminating metal structure defects that occur during the production process,” explains Filip Granek.
The global market value for such solutions is estimated at approximately 4.5 billion USD and is growing at a rate of over 7% annually.

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Open Market (Freiverkehr)
A regulated, unofficial market established in 1987 under the auspices of Deutsche Börse. The market brings together small and medium-sized companies and, following German standards of prudence, requires issuers to fulfil additional requirements that ensure transparency. The requirements include publication of audited annual statements and management reports in German and English. The companies are also required to keep the investors notified of any developments affecting their business on an ongoing basis.

XTPL
An innovative technology company that commercializes R&D efforts aimed at developing a breakthrough method of ultra-precise printing using a wide range of nanomaterials (intended for printed electronics manufacturers and for other industries). The Company’s initial objective is to develop its products – laboratory printers and nanographic ink – for use in its customers’ research and development. Next, industrial printers will be developed.
The company has been listed on the New Connect market since 14 September 2017.

IDTechEx Show USA 2017!

IDTechEx Show! is coming up soon and XTPL will be present with his team ready to show you the latest news on our products and listen to your ideas and proposals for customized solutions and projects!

The most important printed electronics event of the year will be held in Santa Clara Convention Center, CA, USA from 15th to 16th November.

Come to visit us at our new booth P41. Find out our booth position on the map.

If interested in a meeting, we suggest You to schedule an appointment to have our full dedication in all You may need!

For any inquiries and reservations, please contact with our Business Developer Team: Alessio Maugeri, Bartosz Walter.

XTPL joins the President of Poland on a visit to Finland

XTPL was invited by the President of Poland to participate in an economic mission in Finland. The trip to Helsinki included representatives of selected young companies operating in the innovative technology sector that had received special passports from the President under the “Start-ups in the Palace” project.

During the visit to Helsinki, XTPL took part in a seminar at the Aalto University where Dr Filip Granek, CEO, met with the people developing innovative technologies in Finland.

It was an extremely inspiring meeting where we shared our experiences in building and running a business with our Finnish friends. I listened attentively to entrepreneurs who operate in one of the most advanced and innovative markets in the world. Their comments, good practices as well as examples of business failures can be very useful tips for Polish companies. Especially for those that bring their products to international markets, and that is what XTPL is doing. I also had the opportunity to present our technology and make promising contacts with R&D centres and enterprises in Finland, says Dr Filip Granek.

Finland is a developed country that drives innovation in all sectors of economy. It is well appreciated by foreign investors and Finns themselves are willing to invest abroad. Including Poland. The total value of Finnish investments in Poland in 2016 is EUR 2bn according to the Bank of Finland. A solid economic collaboration gives hope for new Polish-Finnish projects.

XTPL feels close connection to the Finnish interest in innovation, research and development, sustainable growth and renewable energy. We have a lot in common and many opportunities to reinforce relations in terms of technology and business. We are very grateful to the President of Poland and the team at the Chancellery for this distinction and the possibility to participate in a large number of meetings that allowed us to better understand the mature ecosystem of innovation support in Finland, adds Filip Granek.

A grant for XTPL SA under the Lower Silesia Regional Operational Programme for 2014-2020

PLN 2.5m is the amount that XTPL SA will receive under the Lower Silesia Regional Operational Programme for 2014-2020. The funds will be used for developing demo prototypes of the lab printer that will then undergo testing: both in-house and outside the company, i.e. in R&D centres of major corporations and research institutes.

In September, XTPL SA entered the NewConnect market. At present, the issuer is focusing on the commercialization of the solution and the funds raised through the IPO will be allotted for that purpose. Any additional public funding will allow to leverage the capital of market investors and to speed up the product’s time to market.

Right now we are concentrating on the activities that will generate the first revenues for the company. We are setting up a business development department and we will create labs that will explore specific applications of our technology. We will also produce the first batch of lab printers for advanced internal and external testing, says Filip Granek, CEO at XTPL. Thanks to the additional funding from the Regional Operational Programme we can be more effective in using the capital acquired via the public offering.

XTPL applied for the grant at the beginning of March. The total cost of the project was PLN 4.5m, while the awarded EU grant was PLN 2.5m. The funds were granted under the Lower Silesia Regional Operational Programme for 2014-2020, Action 1.2, Innovative Enterprises.

Another foreign fund is investing in XTPL SA

The group of significant shareholders of XTPL SA now includes another investment fund from Germany; following XTPL’s first listing, the fund announced that it exceeded 5% of the total number of votes. Heidelberger Beteiligungsholding AG holds 102,000 shares of the Issuer.

Heidelberger Beteiligungsholding AG, belonging to the renowned German investment holding company, Deutsche Balaton AG, listed on the Frankfurt Stock Exchange, with the capitalization of EUR 192m, is a company investing in securities traded on the capital market, including mainly bonds and shares. Usually, the company chooses German assets, but it also takes attractive investment opportunities outside Germany, since its management board is not restricted in any manner with respect to regions, industries or the investment period. On 14 September, the fund announced that it exceeded 5% of the total number of votes in XTPL.

The interest shown by foreign investors confirms that our company is financially attractive and that the XTPL technology has a global-scale potential. One of the key points on our strategic agenda is to collaborate with international leaders in technology. Investors from outside Poland give us the opportunity to establish a close liaison with entities operating in foreign markets. The trust they have placed in our company adds more value and credibility to the XTPL technology, says Dr Filip Granek, CEO at XTPL SA.

Heidelberger Beteiligungsholding AG is the second foreign fund becoming a shareholder of XPTL. The first was ACATIS Investment GmbH which participated in the Issuer’s public offering and and took up over 5% of XTPL’s shares. ACATIS is one the best known investment funds in German-speaking countries and its assets amount to EUR 3bn.

XTPL SA entered the NewConnect market on 14 September

On 14 September, XTPL made its début on NewConnect. Under the subscription for shares in the public offering in July, the company gained PLN 10m for the commercialization of its technology.

The total number of shares in the public offering was 155,000, including 135,000 in the institutional tranche. The retail tranche comprised 20,000 shares in total. The demand in the retail tranche was 13 times larger than the available number of shares, which translated into the reduction rate of 93%.

One of the participants of the public offering was the foreign investment fund, ACATIS Investment GmbH, which took up over 5% of XTPL’s shares. It is one the best known investment funds in Europe and its assets amount to EUR 3bn.

XTPL operates in the market of optically transparent and electrically conductive films (Transparent Conductive Films – TCF). The value of the Issuer’s market is USD 6bn and it grows by 25% per annum in the sector of photovoltaics and displays alone. The unique properties of the XTPL technology such as high transparency and scalability of the printing process will makes the company one of the key players in this sector of economy. Another target sector for the company is printed electronics.

In view of what the market needs, the XTPL technology is a revolution. Printed nanomaterials will change the rules of the game on the mainstream market of solar cells, displays and touch screens, says Dr Filip Granek, CEO at XTPL. I am convinced that fine printing of materials is the future of many sectors in which we can play a major role. Today we print books and newspapers, in future we will also print advanced electronic devices, e.g. cutting-edge sensors and anti-counterfeit solutions.

XTPL’s listing on NewConnect is another step in the company’s overall business strategy. XTPL has now completed the first stage of its project: the prototype is ready and the XTPL technology is being presented around the world. The next step is to commercialize this technology. The goal of the public offering is to support that process.

The gains from the initial public offering will allow us to establish and develop that part of the company which will generate revenue. We will focus on the production of lab printers, extension of our laboratories, establishment of the business development department and creating personalised industrial solutions, adds Dr Filip Granek.

The company has already signed several letters of intent with international businesses interested in the implementation of the XTPL technology. They include Trina Solar, the top global manufacturer of photovoltaic modules listed on the NYSE, and Wise Device Inc., the global leader of industrial microscopy automation development.

An international investment fund becomes a shareholder of XTPL

ACATIS Investment GmbH, an investment fund based in Germany, took up over 5% of XTPL’s shares in a public offering. The new shareholder is one of the best known investment funds in Europe. The value of ACATIS’s assets is EUR 3bn.

ACATIS Investment GmbH manages one of the most often awarded German investment funds. Dr Hendrik Leber, the head of the fund, was named the best investment fund manager in 2017 by one of the leading economic publishers in Germany, Der Finanzen Verlag, while the Privat Banker magazine awarded ACATIS Investment GmbH with the title of the best boutique fund in 2016. Moreover, the fund has been receiving Euro Fund Awards each year in various categories.

The involvement of an international investor confirms the reliability of our business model. Now that ACATIS is our shareholder, it means a financial boost for our company as well as the access to international know-how regarding value and business development in technology sectors, including the establishment of new relations with entities operating in different markets (i.e. potential customers). We believe that having ACATIS as our partner will improve our ratings by potential global customers and will give us the opportunity to present them with our technology, says Dr Filip Granek, CEO at XTPL.

The investment strategy of ACATIS Investment GmbH consists in selecting companies with a significant growth potential and the intrinsic value exceeding the current market price. The fund is a long-term investor, therefore it improves the stability of the shareholding structure. Moreover, the addition of XTPL’s shares to ACATIS’s portfolio shows that the fund sees the future potential and good prospects of nanotechnology. In line with its investment policy, ACATIS shares its experiences and provides active support in order to build the value of the companies in which it invests.

Under the subscription for shares in the public offering in July, XTPL gained PLN 10m for the commercialization of its technology. The total number of shares in the public offering was 155,000, including 135,000 in the institutional tranche. The retail tranche comprised 20,000 shares in total. The demand in the retail tranche was 13 times larger than the available number of shares, which translated into the reduction rate of 93%.

The Canadian manufacturer of solutions used by Intel, Apple, Samsung and LG is starting collaboration with XTPL

XTPL is shaking hands with Wise Device Inc., the Canada-based global leader of industrial microscopy automation development. The company is interested in using the XTPL technology in the process of removing display matrix defects that occur at the production stage. The collaboration plan has been confirmed by a letter of intent.

Wise Device Inc. was established in 2005. It develops and provides innovative microscopy automation systems for the semiconductor industry, including the key players from the sector of display technology. At present, its customers include businesses from Korea, Japan, Taiwan, China, the U.S. and Europe.

It often happens that during the production process of liquid-crystal displays some defects crop up in the conductive films of the matrix, e.g. in the form of broken electronic links. The existing technology for eliminating such defects is based on LCVD (Laser Chemical Vapour Deposition). Hoverer, it is extremely complex and uses toxic and hazardous gases. The Canadian company has analysed the capabilities and results of the XTPL technology and concluded that our method for printing ultra-thin conductive lines can prove much more effective in doing away with such limitations of the modern-day standard on the market of technologies used for repairing local defects in metallic structures. Commencing the collaboration with Wise Device, we are actively entering the rapidly developing niche in the global display market. As a result, we will soon start working with the top global producers in the sector of electronics, says Dr Filip Granek, CEO at XTPL.

The common goal of XTPL and Wise Device Inc. is to develop specialized technologies and devices to be used in the production of LCDs. The companies will focus on developing a method for removing local defects in metallic links in the TFT (Thin-Film Transistor) matrices, i.e. the key elements of LCDs.

The unique feature of XTPL’s technology is the possibility to print very thin (down to the submicron level) electrically conductive structures. Such a technology can vitally improve the LCD production performance, since it is capable of eliminating defects that occur during the production process itself. The complementary competences of both teams (Wise Device Inc. and XTPL) will allow to develop and provide a unique printing system for this segment of the market, wrote Dr. Adam Weiss, CEO at Wise Device, in the letter of intent.

Based on the capabilities of the XTPL technology, one may predict that XTPL will reach a double-digit share in this segment within the next two years.

It is only one of the numerous possible applications of the XTPL technology. Ultra-thin electrically conductive lines can be used in the production of solar cells and displays as well as in printed electronics, microelectronics, biosensors, nanophotonics, microphotonics, smart windows and anti-counterfeit solutions. At the printed electronics trade fair in Berlin, international enterprises operating in the above industries showed interest in collaborating with XTPL.

Wise Device Inc. designs, engineers and manufactures innovative microscopy automation solutions, including OEM components as well as complete optomechanical and optoelectronic sub-systems. WDI’s technology helps individuals and companies in a wide variety of industries including Life Science, Biomedical Imaging, Machine Vision and Electronics/Semiconductor Manufacturing. Its solutions are currently used by well know organizations such as Intel, Corning, Apple, Samsung and LG.

The global sector of printed electronics is eager to test the XTPL technology

IDTechEx, a British market research company, asked businesses and R&D centres operating worldwide in the printed electronics industry about the XTPL technology. The results show the scale of interest in the Polish invention – 78.9% of respondents can see ways to apply this technology in the global sector of printed electronics and 57.6% declare they would like to make use of it in their organizations.

The survey covered 339 respondents from 310 enterprises and research centres from the printed electronics industry all around the world.

Though the market of printed electronics is still in its initial development phase, the potential is significant. The report titled Printed, Flexible and Organic Electronics 2015–2025 predicts that the average annual growth in 2015–2025 will reach 8.6%. IDTechEx estimates that its value will spike from USD 29bn in 2016 to USD 70bn in 2026.

Businesses operating in this market are constantly seeking new technologies that will allow them to improve their solutions. One of technologies they may find useful is the method of printing ultra-thin electrically conductive lines, as developed by XTPL.

IDTechEx’s survey indicates that enterprises and research institutes from the market of printed electronics perceive the huge potential of the XTPL technology with respect to its possible applications and show great interest in this innovative solution.

· 78.9% of respondents can see potential applications for the ultra-fine printing of nanomaterials (the XTPL technology) in printed electronics
· 57.6% of respondents are interested in using this technology within their organizations
· 38% would like to test the samples or devices enabling the use of this technology within a year
· 50.3% assessed the XTPL technology as valuable or very valuable (4 or 5 points on the scale from 1 to 5)

The survey results allow XTPL to start advanced business development activities aimed at commercialization of its technology also outside the sector of TCF (Transparent Conductive Films).

The huge interest on the part of the market players and the high evaluation of our technology confirm our great opportunity to enter the sector of printed electronics. The market is keen to test and apply our method of printing nanomaterials and more than 50% of respondents declare readiness to use the XTPL solution in their own projects. Soon we will make our lab printer and nanoinks available to R&D centres and institutes so that they can produce ultra-thin conductive lines and test them in various applications, says Dr Filip Granek, CEO at XTPL.

IDTechEx is an independent research company which has been operating since 1999 and providing customers from over 80 countries with analyses of new technologies entering the market. The company’s experts assess technologies and define their growth potential.

IDTechEx is based in Great Britain and has offices in the U.S., Germany, Japan and South Korea.

XTPL presents prototype of the laboratory printer which allows to print ultra-thin conductive lines and wins the most important printed electronics industry award!

XTPL’s lab printer has had its first-ever presentation at the IDTechEx Printed Electronics Europe Show. The company was honoured for its achievement in developing and commercialising printed electronics technologies and won Technical Development Manufacturing Award.

The judges of the award were Mr. Ashutosh Tomar, Principal Engineer, Technology Strategy at Jaguar Land Rover and Professor Ulrich Moosheimer of Munich University of Applied Sciences.

XTPL have demonstrated ultra-fine resolution printing without complex pre or post processes – a significant development for printed electronics manufacturing – says Raghu Das, CEO, IDTechEx.

The Technical Development Manufacturing Prize awarded by the jury whose members represent the major companies from the global printed electronics sector has special importance to us. We have just presented our first product, the printer that allows to print nanomaterials cost-effectively, and it was immediately appreciated. This award which we received during the IDTechEX Show in Berlin, the top international trade fair of printed electronics, confirms that our solution answers the needs of the market. The XTPL technology will find its application in many sectors of economy. We are happy that from now enterprises around the world will be able to look for and develop their own applications for our solution – says Dr Filip Granek, CEO at XTPL.

XTPL’s technology allows to create ultra-thin and transparent electrically conductive lines which may be used e.g. in manufacturing a new generation of TCF (Transparent Conductive Films) applied in the global markets manufacturing thin-film solar cells, displays, touch screens and flexible electronics. It allows to print lines which are less than 150-nm wide, i.e. over 400 times narrower than the standard lines used for digital printing or screen printing. It can replace the rare and expensive indium in transparent conductive films.

The printer developed by the Polish company is dedicated to technologists from R&D departments who will be able to use XTPL’s technology in their research and development work, extending its scope of application. As confirmed by the creators of this technology, ultra-thin electrically conductive lines can be used in the production of solar cells and displays as well as in printed electronics, biosensors, nanophotonics, microphotonics, smart windows and anti-counterfeit solutions.