Another German Fund to Reinvest in XTPL

Deutsche Balaton AG Group (controlling entity of Heidelberger Beteiligungsholding AG) has decided to make another investment in XTPL. The fund is to take up a private issue of shares of the company developing disruptive, ultra-precise technology for printing nanomaterials. The raised capital of EUR 1,05 million is to be used for further strategic strengthening of commercialization of the company’s solutions in the United States and development of its patent portfolio.

Deutsche Balaton AG Group – through one of its subsidiaries Heidelberger Beteiligungsholding AG – has been supporting XTPL since the beginning. Management of the fund is aware that such advanced technology projects require time and a longer incubation period, but the expected returns are also significantly higher. This time, the German fund, which already holds approx. 6% of the company’s shares, is going to spend PLN 4,5 million to acquire 41 thousand shares. Acquired funds will support two aspects of XTPL development which are currently of critical importance, namely: continued business development and effective commercialization in the United States, and preparation and processing of further patent applications.

“The news of the positive decision taken by the Heidelberger fund reached us right in Silicon Valley. Together with the key members of the XTPL technology team we are now in the United States working on several important agenda items. One of these is strategic meetings with members of the Advisory Board: Harold Hughes – long-standing CFO of Intel and CEO of Rambus, and Amir Nayyerhabibi – former manager at Intel and Cisco. We want to effectively achieve the objectives of the latest issue of shares. At the same time, due to further technological breakthroughs, we see the need to finance subsequent patent applications to ensure even wider protection for the company’s intellectual property”, emphasises Filip Granek, PhD, CEO and co-founder of XTPL.

Listed on the New Connect market, the company, which is entering the main market of the Warsaw Stock Exchange already this autumn, creates technology solutions for ultra-precise printing of nanomaterials dedicated for specific industrial applications: a unique printing head and a compatible nanoink. This technology is being commercialized in a broadly understood sector of printed electronics: including displays, semiconductors, smart glass, anti-counterfeit solutions and biosensors. This market is expected to reach the value of USD 70 billion in 2026 (according to the IDTechEx report “Printed, Flexible and Organic Electronics 2015–2025”).  The company has all the advantages to revolutionize, thanks to its breakthrough technology, mentioned areas of industry. Those advantages are: strong R&D competence, powerful laboratory facilities and a team of managers focused on consistent commercialization on international markets. XTPL is currently conducting proof-of-concept projects for several dozen potential partners from around the world, including significant players from the Silicon Valley, and expects the first commercial contracts in the upcoming quarters.


XTPL S.A. provides a disruptive, additive technology of ultra-precise deposition, which enables creation of designed nanostructures for various applications with unparalleled accuracy (with structures even 1 μm), versatility, simplicity and simultaneous reduction of total costs for manufacturers. Due to its platform character, the solution will be applied in the broadly understood sector of printed and flexible electronics as well as in the semiconductor sector. In the future, the technology will enable the production of a new generation of transparent conductive films (TFCs), used in the production of, inter alia, monitors, touch screens, photovoltaic cells and displays – in the latter industry, XTPL can also provide a solution for repairing defects in thin-film electronic circuits and for deposition of quantum dots. The XTPL method also opens up revolutionary applications in biosensors or in the anti-counterfeit solutions sector. The company’s solution has all the features of a disruptive technology. XTPL intends to provide customers with an innovative printing head (each time dedicated to a specific application) and specially designed nanoinks for optimum results. The company is listed on the New Connect market. www.xt-pl.com  

Additional information is available from: 

Marta Jankiewicz | marketing & PR director at XTPL S.A.
664 423 948 |marta.jankiewicz@xt-pl.com

 Wojciech Chodkowski | hagen comm
796 929 529 | wojtek@hagen.pl

XTPL makes TOP 100 of the World’s Most Innovative Projects

XTPL’s nanotechnology solutions have made the final shortlist of the R&D 100 Awards. The winners will be announced at a gala to be held in November in Orlando, Florida. Among the finalists vying for the main prize are global powerhouses of science and industry.

According to the judges of the American R&D 100 Awards, XTPL belongs with big names such as Georgia Tech, Los Alamos, NASA, MIT, Toyota and Mitsubishi. XTPL’s technology of ultraprecise nanomaterial printing has made the shortlist of 100 projects competing in five categories. The winners will be announced at a gala event to be held in November in Orlando, Florida. The field includes nanotechnology projects of research laboratories of large corporations and organizations with budgets running into billions of dollars.

“The very fact of being included in such good company shows that industry experts recognise and appreciate the innovation of our nanotechnology solutions. We have no reason to feel inferior, as we are developing technologies for global industry leaders, including companies from Silicon Valley and Asia”, says Aneta Wiatrowska, head of technology at XTPL.

The R&D 100 Awards have been presented by New York’s R&D Magazine since 1963. The mission of the awards is to recognise the year’s top 100 technologies which are expected to permanently change industry, science and social relations. For a full list of R&D 100 nominees, go to https://www.rd100conference.com/awards/winners-finalists/year/2018/.

XTPL aims to raise capital for its dynamic development in the United States

The German ACATIS fund is ready to invest another PLN 4,4 million in XTPL which is commercializing its disruptive nanoprinting technology on the global market. Managed by the iconic figure of the German capital market – Dr. Hendrik Leber – the fund is going to take up new, private issue of the company’s shares. Acquired funding will finance the process of company’s business development in the United States, especially in Silicon Valley.


– Over the recent months we have been steadily building XTPL’s position in the United States, we have set up operational structures and obtained support from experienced managers from Silicon Valley. We are aware that the US market is key in terms of industrial implementation of our solutions. The choice is not accidental – this is exactly the market where disruptive technologies develop the fastest. It’s here that many projects have successfully completed the journey from a startup to a unicorn. The funding from ACATIS Investment will help us strategically strengthen and speed up commercialization in the USA – notes Filip Granek, PhD, co-founder and CEO of XTPL.

In accordance with the decision taken by fund, ACATIS Investment is to take up 47 000 of new shares that the company is planning to issue as part of a private placement. The funds are expected to finance XTPL’s sales activity in the absorbent US market. The previous issue did have in its goals any activities in this area, but both the company’s authorities and fund managers see a great potential in them. This will be another decision, following the one taken last year, of ACATIS Investment, a fund with EUR 5 billion worth of assets under management, to contribute to the capital of XTPL.

ACATIS Investment is an investment fund that has been operating for more than three decades. It is a trend-setter, both in terms of quality and selective approach to investments. The new round of funding from such a player is the best evidence of the XTPL’s potential. Our goal is clear: we will seek to bring our solution to the production lines of the largest manufacturers from at least several industries, including, among others, display and semiconductor sectors – explains Maciej Adamczyk, management board member and COO at XTPL.

Over the last quarters, the company has laid solid foundations for commercialization in the United States. From the level of Advisory Board, it is supported by representatives of the global electronics or semiconductor sectors, including: Harold Hughes – former CFO of Intel and Rambus, as well as Amir Nayyerhabibi – former manager at Intel and Cisco, founder of StratumOne and AuroraNetics. At the same time, the company is setting up its business structures in Silicon Valley. Market development and customer acquisition is the responsibility of local managers with extensive experience in XTPL’s key industries.


Our network in Silicon Valley is based on strong names ensuring commitment from leaders of the region’s innovative industry. We are focusing on this market where, due to its unique business infrastructure and experience in deploying high technologies, many business success stories of companies like XTPL, had their origins – Filip Granek adds.


XTPL is now in negotiations over the first commercial contract with one of the global leaders in the sales of machines for the production of displays, with a valuation of more than USD 9 billion. This is an effect of prior work with the Chinese firm on a proof-of-concept project. The company is concurrently carrying out similar initiatives for several tens of other potential partners from around the globe, including large players from Silicon Valley.

The value of the printed electronics market itself, which is one of the key application areas for the XTPL technology, was estimated at more than USD 29 billion in 2017.
In 2027, this figure is expected to reach more than USD 73 billion. Amir Nayyerhabibi, a member of the XTPL Advisory Board in the USA, rates – “the potential of development and application of this technology is practically unlimited”.

A Silicon Valley serial entrepreneur joins XTPL’s Advisory Board

Over the span of three decades Amir Nayyerhabibi built or financed several successful California-based high-technology companies. He gained experience at Intel and Cisco. Now he will be advising and supporting XTPL S.A., introducing the company to the Silicon Valley ecosystem.

“Serial entrepreneur” – this is how the Wall Street Journal referred to Amir Nayyerhabibi, describing the story of fast and audacious growth of Cortina Systems, a semiconductor technology company. Co-founded and led by Nayyerhabibi, over the period of a few years the company dynamically raised its value as a result of a series of acquisitions (including, among others, a subsidiary of Intel Corp.). His track record includes similar success stories at StratumOne and AuroraNetics, companies founded by Nayyerhabibi and sold to Cisco for a combined amount of over USD 0.5 billion. Today Amir Nayyerhabibi is one of the partners at Benhamou Global Ventures, a Silicon Valley-based venture capital fund investing in tens of high-technology companies. He is also using his experience and talents getting involved in companies with unique technologies and potential for high growth – such as XTPL.

I am joining XYPL’s Advisory Board because I believe that the company’s breakthrough nanoprinting solutions stand a good chance of being adopted among leading players of Silicon Valley. Such pioneering, technologically advanced projects targeting, among others, the semiconductor industry, seem very timely. That’s why I decided to support XTPL in its efforts of global expansion stresses Amir Nayyerhabibi.


After Harold Hughes, a long-time Intel board member, Amir will be the next experienced entrepreneur and manager supporting XTPL through the mechanism of Advisory Board.

Having these experienced and well respected managers becoming part of XTPL structures gives us a lot of confidence. More important than our feelings are the facts: Amir Nayyerhabibi and Harold Hughes constitute a great opportunity for us, acting as advisors and guides in Silicon Valley. Such names open many doors, while their knowledge and experience allow us to better program our firm to satisfy needs of the most demanding American partners – underlines Filip Granek, the CEO and co-founder of the firm, at the same time assuring that this is not the end of international transfers at XTPL.

Later this year the Advisory Board of XTPL will be enlarged by other experienced, well recognized leaders of the global electronics industry. The firm is actively getting ready for global expansion, while collecting numerous international awards for its breakthrough nano-printing technology. XTPL is also working on a pipeline of proof-of-concept projects for potential international partners, adjusting its solutions to the requirements of commercialization.

We are quickly approaching the goal of being able to commercialize our technology while providing solutions to the global technology leaders – announces Filip Granek.

XTPL is setting up its operations in the United States

Mehran Sedigh and Kedar Patel, two experienced US managers, are going to provide operational support to XTPL in the process of commercialisation of the company’s solutions in the United States. This is another step towards broad, industrial implementation of the disruptive nanoprinting technology which is being developed by XTPL.


Silicon Valley startups have the advantage of being part of a unique ecosystem. In Silicon Valley the journey from a concept to a minimum viable product and eventually to a final product that can be introduced to the market is done at the time that is needed and at a price point that can be adopted quickly. XTPL technology of printing ultra-thin conductive lines fits well into this scenario. They have a very talented team and in last three years has developed a very disruptive printing technology that can potentially impact several market segments such as advanced computing, display and sensors to name a few”, said Mehran Sedigh, who together with Kedar Patel will be directly responsible for market development and acquiring clients for XTPL in the United States.

-Printed electronics is expected to be >$70B market by 2027. With the advent of printed electronics, there are new challenges to pattern features on traditionally non-standard surfaces. Premier manufacturers will be extremely motivated to gain leadership positions in the printed electronics market – says Kedar Patel.


Mehran Sedigh and Kedar Patel have been involved in the disruptive technologies sector in the Silicon Valley for several decades. For many years they held key roles with e.g. Cypress Semiconductor, a firm designing and selling semiconductor solutions, among other things. Today, Cypress Semiconductor is listed on NASDAQ with a valuation of nearly USD 5.6 billion, and the segment of semiconductor manufacturers remains one of the potential areas of application of the XTPL technology. Over the recent time, Mehran Sedigh, who has a Ph.D. in Chemical Engineering from University of Southern California, has supported technology firms (e.g. from the quantum computers sector) in scaling their solutions. Kedar Patel, who obtained his Ph.D. in sciences from University of California at Berkeley, is a long-standing manager and executive at such firms as SanDisk and Avogy.

We are aware of the importance of the US market in the process of promoting XTPL’s breakthrough solutions, which is why we are placing our focus there. This is proven by our new collaborators from the Silicon Valley, but also by Harold Hughes, who served as CFO of Intel and CEO of Rambus for many years, and recently has joined our Advisory Board. And this is just the beginning of our presence and operations in the United States”, said Filip Granek, CEO and co-founder of XTPL.

In addition to building operating structures in the United States, this year the XTPL Supervisory Board and the business development team are to be joined by several new seasoned and recognised leaders of the global electronics sector. XTPL is strongly gearing up for global expansion with international awards received for technological progress (e.g. at the recent Display Week in Los Angeles) and is in the process of doing proof-of-concept projects for several tens of potential partners from the whole world.

In this way we are bringing our solutions in line with the requirements of industrial implementations and proving that we are able to commercialise our technology with industry leaders”, Filip Granek assures.

Asian giant in negotiations with XTPL

XTPL, which specializes in nanoprinting of ultra-thin conductive lines, is on the verge of its first commercial contract abroad. One of the global leaders in the sale of machines for display production, valued at over USD 9 billion, has just started negotiations with the company. This is an effect of the previous work with the Chinese company on a proof-of-concept project. At present, XTPL is engaged in similar work for several dozens of other potential partners from around the world.

The contract to be negotiated by XTPL and the listed Chinese giant relates to the use of XTPL technology in the area of ​​repairing broken metallic paths (“open-defect repair”) in thin-film electronic circuits. Chinese player, as one of the world’s leading suppliers of display production technology, aims to implement XTPL’s unique solutions in its technological lines.

For several quarters now we have been working hard to commercialize our nanoprinting technology. We know how to meet the challenges of our Chinese partner, who in March provided us with a technical specification, defining exact requirements for the technology he was looking for. A few weeks later XTPL application laboratory sent to China the work results which satisfied the manufacturer’s requirements. The samples were evaluated very highly, which resulted in an invitation to negotiate the terms of a commercial contract. In the recent weeks, several other large industrial players from around the globe have received samples from our laboratory. We are working on progressing to commercial contract negotiation phase with these firms as well says Filip Granek, PhD, CEO of XTPL.

The size of the open-defect repair market is estimated at approximately USD 4.5 billion with approx. 7.5% CAGR. The end customers for this type of solutions primarily include manufacturers of TFT/LCD displays, silicon solar cells, integrated circuits and advanced PCBs. The technological solution developed by XTPL would be used for removing defects occurring already at the production stage and is expected to outperform the existing methods. Why? Due to its technical and operating parameters, namely: lower costs, lack of toxic chemicals and speed of application.

This is just one of many fields of application for XTPL technology. Due to the platform character of XTPL solutions, we are verifying subsequent application segments in industries with a high-market potential. For example, we are focusing on: biosensors production, widely understood printed electronics, anti-counterfeiting solutions, smart packaging and semiconductors Filip Granek notes.

After Harold Hughes, a long-standing CFO of Intel, had joined the Advisory Board of XTPL, the company has been even more active also in the Silicon Valley. This is where the company will be looking for its future commercial partners. In the United States, XTPL technology has already earned its reputation: at the recent Display Week show (with the main exhibitors being: Apple, Samsung, LG), the company was awarded in the category of the most promising technology.

– Conductive lines printed using the XTPL method already now achieve parameters below 100 nm – this is an unparalleled precision which cannot be achieved by any other printing method in the world. Big industry needs our solutions, and negotiations with the Chinese partner is just the beginning – says Filip Granek.

Longtime Intel and Rambus leader joins XTPL Advisory Board

Harold Hughes has joined the Advisory Board of XTPL. A longtime executive and CFO of Intel and CEO of Rambus, advisor of several electronics unicorn companies, he will be advising the firm and supporting it in its global expansion, including the US and Asian markets.

Harold Hughes, who served as the CFO of Intel for many years and was CEO of Rambus, has joined the international Advisory Board of XTPL S.A. The newly formed Advisory Board will support XTPL in its plans to globally implement leading edge nano-printing solutions. Over the recent period Hughes participated in several such projects for the US-based companies, whose valuations often measured in billions of USD.

XTPL’s technology has a tremendous potential, which made easy my decision to join. I can sense the spirit of Silicon Valley in this company; a strong team, a unique, patented technology, big ambitions and a huge market to sell to. In printed electronics the best is still ahead of us. That’s why I am  joining XTPL, to support its ascent to the top – said Harold Hughes.

After he was involved for many years at the board levels of  Intel and Intel Capital, Hughes decided to get involved in several projects widely recognized in Silicon Valley. The chief among them was Rambus, quoted on NASDAQ. During Howard Hughes’ presidency Rambus, active, among others in the semiconductor memory space, reached valuation exceeding $4.5 billion. The new member of the Advisory Board of XTPL also participates in boards of companies such as Quantenna Communications (Wi-Fi chips, $0.6 billion capitalization at NASDAQ), and View Inc. (smart Glass sector, $0.715 financing and estimated valuation of $ 1.1 billion). Harold Hughes also supports another promising firm representing the Industry 4.0 sector from Silicon Valley – he advises Kateeva, which commercializes breakthrough solutions in the area of printing and inks for the new generation of OLED screens.

Paraphrasing Intel’s famous advertising tagline, one can say about XTPL: “Talent inside”. We aim high, so we reach to the smartest and most credible partners we can identify. Harold Hughes is invaluable as a strategic guide to Silicon Valley and someone who can help us commercialize and scale up our technology. We are impressed with his guidance, strategic advice, credibility and network of business relationships in the Valley – adds Filip Granek, the CEO and co-founder of the firm, while announcing that this is not the end of the process of building the Advisory Board.

The Advisory Board of XTPL will soon be enlarged by an addition of other well regarded international industry leaders. XTPL itself is embarking on global expansion, while obtaining many awards for its technology (i.e., the latest award coming at the Display Week conference in Los Angeles – www.displayweek.org). Proof-of-concept projects are underway with several key players in the US market.

We want to commercialize our technology working with the main players of Silicon Valley – says Filip Granek.

Harold Hughes has been developing high-tech projects in Silicon Valley for the past 40 years. During the period 1974-2000 he held key managerial posts at Intel Corp. (among them, the position of CFO); he also co-founded Intel Capital.  After Intel he had been developing such firms as Pandesic or Rambus (where he served as the CEO from 2005 to 2012). The new member of XTPL’s Advisory Board holds board positions at several high-tech firms, e.g., Quantenna Communications, View Inc., as well as advises firms such as Kateeva, which commercializes breakthrough solutions in the area of fine print and inks needed in production of new generation of OLED screens. Harold Hughes is an MBA from the University of Michigan. Before starting his career in business, Mr. Hughes served for 5 years as an officer in the US Army.

LinkedIn profile: https://www.linkedin.com/in/harold-hughes-08272129/

“Big industry” honoures XTPL

Display Week in Los Angeles is the most important conference in the display sector. Among attending technology champions there was also XTPL, which this year received an award for one of the most promising technologies among the participants of the I-Zone (innovation zone) organized as a part of the Display Week. In this way “big industry” recognized unique solutions of the Polish company. XTPL’s application laboratory is now realizing several projects for international partners – both industrial and scientific. One of those projects is being developed for a semiconductor firm from the Silicon Valley.


Apple, Samsung, LG Display, Sharp, Intel – these are just few of the more than 150 companies showcasing their new generation display solutions during the Display Week. This gand company was joined by XTPL, winner of an award for one of the most promising technologies among the participants of the I-Zone (innovation zone) organized as part of the Display Week. For this technology company – specializing in nanoprinting of ultra-thin conductive lines – it confirms that it has an important support from the global industry on the way to full commercialization.

The implementation of specifications and technological tests for potential clients which we have begun is one of the key phases of the commercialization. In this way we confirm the unique capabilities of the XTPL technology for specific industries. This is also the final stage before we start negotiating contracts for the first industrial implementations. When we invested in the application lab equipment and structures we were wondering if we could really use their capacity at 100%. Today, we already know that the number of projects being delivered is much higher than we initially expected. Big industry needs the solutions provided by XTPL and is testing them right in that lab – says Filip Granek, the inventor of the technology and CEO of XTPL.

The firms that XTPL currently partners with to carry out projects designed to implement the requested specifications are international players from the Silicon Valley, Asia, Western Europe and the Middle East, specializing in sectors such as: consumer electronics (displays), smart packaging, security printing, semiconductors and biosensors.

“For most of these sectors, our laboratory is able to prepare dedicated samples which are even more advanced than what is required by industry. Implementation of those specifications helps XTPL gain credibility as a potential partner and opens up the way to negotiating the first commercial contracts”, Filip Granek emphasizes.

What kind of contracts will XTPL be looking at over the next quarters? The current commercialization phase includes selection of a partner, and a client at the same time, who will place an order for development of a printing head and a dedicated ink, optimized for the particular application. The next step will be establishing sales and series production. The innovative printing head is the heart of XTPL’s nanoprinting system. It uses a unique algorithm and allows for ultra-precise application of ink with nanoparticles on the substrate and creation of conductive lines. This solution, produced entirely by XTPL, is being adapted to the specific application.

“The industry challenges us to address specific technological problems it is faced with. We take up the challenge, each time optimizing and calibrating our technology and its individual parameters to suit the particular sector. The conductive lines printed using the XTPL method already now achieve parameters below 100 nm – this is an unparalleled precision which cannot be achieved by any other printing method in the world”, Filip Granek adds.

For the purpose of fulfilling of the specifications received, XTPL’s application laboratory uses such substrates as glass, elastic film or silicon wafers. Having processed, measured and verified the properties of the samples, XTPL returns the output with a final report.

“Over the coming months we are going to have a lot of meetings and negotiations, including ones in the Silicon Valley and China. These regions are now the main expansion destinations of XTPL. In accordance with the plan presented during the issue of M series shares, we should finalize the first contracts before the end of the current commercialization phase. Today, we have several tens of projects in the pipeline, a half of which relate to potential industrial implementations. The other projects are for customers interested in our laboratory printer. This means we have a lot of work to do as the big industry has already seen the potential inherent in our solutions”, Filip Granek sums up.

XTPL files prospect with the KNF. Wiesław Rozłucki appointed Chairman of the company’s supervisory board.

Three quarters ago, XTPL S.A. debuted on New Connect. Now the company is entering the final period before moving the main trading floor of the Warsaw Stock Exchange as it has just filed the prospect with the Polish Financial Supervision Authority (KNF). XTPL is actively supported by the former CEO and co-founder of the Warsaw Stock Exchange Wiesław Rozłucki, who is a newly elected chairman of the company’s supervisory board.

With its ground-breaking technology for printing nanomaterials, XTPL S.A. is moving in great steps towards the first day of listing on the Warsaw Stock Exchange. The company is moving to the “big stock exchange” at quite a speed, given the fact that in September 2017 it debuted on the New Connect market. Now the company can boast not only capitalization amounting to PLN 120 million, but also rapid progress towards commercialization of its nanoprinting solutions.

– Our technology is raising growing interest. We have many inquiries from potential business partners, especially from the Silicon Valley. We are realizing many projects based on verifying the parameters of our technology vs specifications from the market. We are currently in the fastest development phase, and this is strongly driving us forwardsaid Maciej Adamczyk, member of the Management Board and COO at XTPL.

Already in 2018, XTPL will be even closer to investors from behind the western border (now its shareholder structure includes two German investment funds). Following its debut on the Warsaw Stock Exchange, the company is to establish a secondary listing on the Open Market (Freiverkehr) operated by Deutsche Börse. International markets are a natural direction for XTPL to follow, also in the context of technology commercialization.

Due to the platform character of XTPL’s nanoprinting solutions they may be implemented in many fast developing industries. We keep verifying further potential application areas for our technology – Maciej Adamczyk explains.

In addition to the market of displays or solar cells, XTPL is targeting such market segments as biosensors, anti-counterfeiting solutions and microelectronics. The value of the printed electronics market alone, which is one of the main application areas for XTPL’s technology, was estimated at over USD 29 billion in 2017. In 2027, this figure is expected to exceed USD 73 billion.

In its hottest period of growth, XTPL bets on experience and transparency. Already today, the company has experts who contribute know-how gained in mature organizations, including those from the financial market. As part of continuation of this strategy, Wiesław Rozłucki, PhD, joined the company’s supervisory board. The former long-standing president of the Warsaw Stock Exchange has just been appointed supervisory board chairman.

XTPL is no longer a start-up, but a company which is confidently and quickly building its identity in the world of serious business. I’ll be actively supporting the company on its way to become a synonym of new quality for investors, not only on the Warsaw Stock Exchange. I believe that at such an innovative company you can introduce the best of corporate experience from large companies. And this would be without any harm to the growth momentum and freshness of XTPL”, Wiesław Rozłucki emphasises.

Wiesław Rozłucki joins XTPLs Supervisory Board

Wiesław Rozłucki XTPL

The former president and co-founder of Giełda Papierów Wartościowych (the Warsaw Stock Exchange) has been appointed to XTPL SA’s Supervisory Board. He will actively support the Company’s capital market activities and its general corporate governance.

– Why the decision to join such a young, emerging company? It’s because such innovative tech companies are exactly what is needed to secure the future and continued success of the Warsaw Stock Exchange. I’m impressed by the fact that the present-day Polish tech industry refuses to consider itself a second-rate player, and is boldly aiming directly for the global markets. Of course, endeavours of XTPL’s calibre do have intrinsic risks and numerous challenges, which are to be expected when dealing with breakthrough innovations. Nevertheless, what I see in XTPL is a fresh new quality, with experienced managers who understand well the international interactions between business and science – that’s how Wiesław Rozłucki explained his decision to join XTPL’s ranks.

International markets are the natural goal of the Company. Due to the platform-like nature of XTPL’s nanoprinting solutions, they can be implemented in many rapidly developing industries. The Company is continuously verifying new areas of application for its technology. In addition to the display or photovoltaic cell markets, it can be implemented in areas such as biosensors, anti-counterfeiting solutions, and microelectronics. The value of the printed electronics market alone in 2017 – which is one of the main application areas for XTPL’s technology – has been estimated at USD 29.3bn. In 2027, it is expected to reach USD 73.4bn.

With his knowledge and experience, Wiesław Rozłucki will definitely support XTPL in quickly expanding our competences in the field of capital markets and general corporate governance. Our solutions are set to revolutionize the global industry. That is why we have long ceased thinking of ourselves as a start-up. We are heading for the global market and are currently entering the apex of our growth – emphasizes Filip Granek, President of XTPL.

The former President of the Warsaw Stock Exchange views his role in XTPL in a similar light, especially since the Company is on its way to become listed on the main market of WSE, while also preparing for a dual listing on the stock exchange in Frankfurt.

My role is to actively support the Company – for example, to help further professionalize its structures and introduce a certain corporate flair – the good kind. The case of XTPL rings familiar with me, since I first began developing the Warsaw Stock Exchange at a stage when it was a less mature entity than XTPL is now Wiesław Rozłucki points out.

Dr Wiesław Rozłucki was the President of the Management Board of the Warsaw Stock Exchange (Giełda Papierów Wartościowych w Warszawie S.A.) from 1991 to 2006. He currently works as an independent consultant, while also serving as the chairman of the supervisory boards of Bank BPH S.A. and Internet Media Services S.A., and a member of the supervisory boards of Orange Polska and Towarzystwo Ubezpieczeń na Życie Cardif Polska S.A. He is also the President of the Management Board of the Foundation of the Polish Institute of Directors (Fundacja Polski Instytut Dyrektorów), as well as the Programme Board of Harvard Business Review Polska. He was awarded the Order of Polonia Restituta Third Class (the Commander’s Cross) and the French order of merit, the L’Ordre National du Merite. He will replace Piotr Janczewski as Member of XTPL’s Supervisory Board.