XTPL – ULTRAPRECISE PRINTING OF NANOMATERIALS

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.

Board.

Letter to Shareholders of XTPL

Dear Shareholders,

“Ever since the dawn of the smartphone age, back when we started making serious money, everyone has been asking me how we have managed to build a 32-billion-dollar company on nothing but designing processors – without going into manufacturing and without a recognizable brand. To that, I have one answer: it’s because of the homework we had been doing beforehand, in the isolation of our laboratories and in the offices of plant managers” – these are the words of Mike Muller, one of the founders of the British ARM Holdings and the creator of groundbreaking processor manufacturing solutions that outpaces the competition. Today, ARM technology is purchased by the top players in the industry: Apple, Samsung, LG and other market leaders.

“Think big” is not just an empty buzzword, which is why I have no doubt that the case of ARM is the one that we will follow as well: XTPL has been designed to provide the unique knowledge and technology sought by the world’s biggest industrial companies. We have set up a coherent process, the creation of which was preceded by solid homework – years of research and testing. The goal of our continuous, fast-paced progress is clear: XTPL solutions are to revolutionize the global industry. That is why we do not view ourselves as a start-up anymore, but rather as a scale-up, a global market challenger, a company entering the most intensive period of its development.

Rather than using vague words like “innovation”, I prefer to present the achievements and measures that are bringing us ever-closer to our objective – the universal take-up of our solutions in industry. We are in more than a dozen open, active discussions with potential partners interested in joint development of XTPL technology under JDAs (joint development) or JVs (joint venture) agreements. Our business development department is keeping closely in touch with a large and growing number of potential clients, who have clearly expressed their interest in a possibility to purchase our nanoprinting solutions. This group includes major, well known companies from the USA and around the world. Silicon Valley, Anaheim, Berlin, Miami, Hanover – these are just a few of the places where XTPL representatives are set to appear in the near future – invited both to the largest trade fairs and to the vast offices of industry leaders.

Technological barriers are meant to be broken. This is why we are finishing our preparations to launch the production of laboratory printers. Earlier on, we overcame another technological limit: using our unique method, protected by an international patent application, we have managed to print conductive lines thinner than 100 nm – an unparalleled level of precision that cannot be replicated by any other printing method in the world. This breakthrough has put us on the map and attracted attention of manufacturers of electronics, displays, photovoltaic technology, biosensors, and others. This resulted in us signing letters of intent with companies from different continents whose combined revenues are measured in billions of dollars. From Germany, through China, to Canada and the USA – we have partners interested in doing business with us and implementing our breakthrough nanoprinting technology.

The potential benefits are worth pursuing: the value of the entire market of printed electronics in 2017 was estimated at USD 29.3bn. In 2027, this amount is forecast to reach USD 73bn. Today we realize that – much like ARM before the smartphone age – what we are currently witnessing is just the beginning of a boom spurred by technological breakthroughs. Due to the platform-like nature of XTPL solutions, they can be utilized in many fast-growing industries. We are continuously exploring and verifying new application areas for our technology, beyond the display or photovoltaic cell sectors – those include biosensors, anti-counterfeiting solutions, and microelectronics industries.

As nanoparticle specialists, we know particularly well that size truly matters. Therefore, in 2018 we will work on expanding XTPL together with a growing number of mentors and investors, including international ones. We are establishing an international Advisory Board to support our commercial projects. This positive, growth-promoting bit of upheaval also includes XTPL’s transition to the main trading floor of the Warsaw Stock Exchange (pending) and the planned parallel listing of the Company on the Open Market in Frankfurt. After all, even with such a breakthrough technology at our disposal, we stick to the basic principle: in the eyes of investors, the title of a top business achiever has to be earned by hard work.

Yours faithfully,

Filip Granek

CEO, XTPL S.A.

Annual report for 2017

Ultra-precise printing of conductive lines in nano-scale may revolutionize many industry sectors

Printing of nanomaterials is not new. The methods available on the market, which are continually being developed, include INKJET (printing using nano-ink), ESJET (electrostatic inkjet printing) and EHD (electrohydrodynamic printing). However, recently this sector has seen a major breakthrough. XTPL has patented and is commercialising a guided assembly of nanoparticles for creating (or, to put it simply, printing) conductive lines with a width of as little as 100 nm.

 

This new comprehensive method for nano-scale printing of conductive lines, characterised by extraordinary flexibility, precision and low cost, has all the features of the so-called disruptive technology. The method is based on a solution to an interdisciplinary scientific and technological problem, including challenges in solid-state physics, inorganic chemistry, nanotechnology, material science, programming, machine learning, mechanics and electronics. The innovative approach of XTPL is based on a guided assembly of nanoparticles using the dielectrophoretic attraction.

Guided assembly vs printing

During the process of line formation, the printing head deposits a properly formulated ink – nanoparticles in a mixture of solvents – on a non-conductive substrate, in example such as glass or flexible foil’, says Filip Granek, PhD, the creator of the new method and CEO of XTPL. An external alternating electric field causes nanoparticles to assemble in a clearly defined and controlled way to form a line. The process takes place between a stationary and movable electrode. The starting point for the process is the stationary electrode, while the printing head performs the function of the movable electrode: it guides the formation of the line, which becomes an extension of the stationary electrode. Finally, the printing head short-circuits with a metallic pad, and the line connects to the pad. When the line formation is complete, the printing head takes in an excess ink. ‘You can say that printing in terms of our technology means composing nanoparticles on a substrate’, Filip Granek adds.

New quality, new possibilities

Our solution is often confused with INKJET printing, which is a fundamentally different technology. The INKJET process uses no electrodes, and the voltage is applied only to the piezoelectric printing nozzle. The width of structures printed using INKJET is in the range of 10 to 100 μm, with a limited possibility to further decrease this parameter’, explains Aneta Wiatrowska, PhD, technology director at XTPL.

Likewise, XTPL solution does not resemble the well-known electrostatic inkjet printing (ESJET) or the electrohydrodynamic (EHD) approach, both of which can be considered competing technologies. The parameters and properties of the final product differ substantially in each process, and thus the possibilities for applying these technologies are also different. The method of guided assembly of nanoparticles created by XTPL requires a lower voltage to form a line, i.e., an alternating voltage in the range of ~1 V to ~10 V. On the contrary, the ESJET/EHD process generates pulsed voltage in the range  of ~ 100 V to ~1 kV. Using the lower voltage is possible thanks to the movable electrode. This increases the number of potential applications for XTPL technology as it eliminates the risk of damage to the substrate and other components by a very high electric field.

It is worth noting that in the ESJET/EHD process, the electrode is below the substrate, while the solution developed by XTPL puts both electrodes (the stationary and the mobile one) above the substrate. ‘With this approach, you can use a substrate of any thickness, including substrates that are not flat’, Filip Granek says.

The feature size of printed structures is one of the key parameters when comparing these technologies. The width of structures obtained using the INKJET method is approximately 10-100 μm, while both the ESJET/EHD methods and the XTPL method allow to print lines thinner than 1 μm. What makes the XTPL technology unique is the possibility to create lines with a width-to-height aspect ratio close to 1 in a single pass of the printing head. In the case of the ESJET/EHD methods, multiple passes are required. Having said that, reducing the width of the printed structures is important as – among others – it increases the transparency of conductive films. In the new method, it is possible to adjust the properties of the conductive lines by changing: the amplitude, shape and frequency of the electrical signal; the physicochemical properties of the ink; and finally the size, distribution and shape of nanoparticles. The latter is another parameter which distinguishes the methods in question from each other. Both in the case of INKJET and ESJET/EHD there are no fundamental limitations on the type of nanoparticles, while the XTPL method may use metallic and semiconductor nanoparticles.

An important feature for each of the analysed methods is the type of substrate on which the structures are printed. In the XTPL method, the printing can be performed on any non-conductive substrate, including ones that are not flat. In the ESJET/EHD methods, thin substrates are preferred to minimise shielding of the electric field. Since fewer restrictions on the substrate extend the range of potential applications, the new technology paves the way for applications in many industry sectors, not accessible to other approaches.

Potential application fields

The solution developed by XTPL company will enable the production of a new generation of transparent conductive films (TCF), which are primarily used to manufacture displays, monitors and touch screens. It can be also used for the production of photovoltaic cells, printed electronics, biosensors, lab-on-chip devices and anti-counterfeiting solutions. Particularly promising is the revolutionary application of the technology in the sector of open-defect repair – removal of broken metallic links in thin-film electronic systems. XTPL’s research & development team is constantly optimising its innovative technology and adapting the process for further applications.

XTPL consistently pursuing commercialization of its breakthrough technology on the global market

XTPL applicationWith its ground-breaking nanomaterial printing technology, XTPL S.A. is in the process of making intensive preparations to enter the WSE main floor. At the same time, the company is actively pursuing the next stage of commercialization of its solutions on international markets. The main application segments to become the basis of the business development strategy have been verified. The company is currently focusing on establishing cooperation in the form of JDA or joint venture partnership and conducting negotiations with leading players in selected industries with that goal in mind.

XTPL has been intensifying its work aimed at changing the market of listings of its shares from the alternative trading system (NewConnect market) – to the main market of the Warsaw Stock Exchange in order to obtain the single European passport. This will allow the company to pursue dual listing of its shares on the regulated Open Market (Freiverkehr) operated by Deutsche Börse AG, one of the largest stock exchanges in the world. Dual listing aims to bring the company and its breakthrough technology attention of investors and potential partners from Western Europe – an area that is one of the key directions of the expansion planned for 2018.

Dr Filip GranekThe XTPL business development department, created in the fourth quarter of last year, concentrates on gaining partners among global leaders of the relevant most important industries. We are looking to establish cooperation based on the Joint Development Agreement (JDA), where the research and development work will be co-financed by the partner in exchange for, for example, the priority right to purchase the finalized solution. We also entertain the possibility of establishing a classical joint-venture or financing of the next stage of commercialization based on grant support – states Filip Granek, PhD, the founder and President of the Management Board of XTPL.

The company dedicates its resources to advance at international markets, aiming at commercialization of technologies mainly in the field of repairing broken metallic connectors in thin film electronic circuits (called Open-Defect Repair) and for the new generation of TCFs (transparent conductive films that are widely used in the different subsets of manufacturing industry, such as the production of displays, monitors, and touch screens, as well as in the photovoltaic cell industry sector). The value of the global market for the first type of solutions was estimated at approx. USD 4.5 billion in 2016 and grows at a rate of over 7% per annum, while in the same period the market value of transparent conductive films was estimated at approx. USD 5 billion. In both these areas, XTPL technology has significant competitive advantages, which are certain to call forth a breakthrough.

– Since our debut in September 2017 and the acquisition of more than PLN 10 million from investors, we have consistently pursued the assumed objectives. As an organization, we feel confident on the path to international expansion. The main directions of business development will be USA, China, Singapore, Korea, Taiwan, Japan, South Korea, Germany, France, England, Switzerland, Italy, Finland, Israel, Austria and the Netherlands. We have built new competences through successfully enhancing our team with experienced managers possessing the necessary know-how in the field of strategic management and implementation of new technologies, acknowledged experts in the area of product development, marketing and communication, as well as the capital market. There are many professionals in the XTPL community, effectively working in their careers on international markets, which makes up for an additional advantage in the process – explains Filip Granek.

XTPL’s leaders in the implementation of the new technology onto the market are business development directors. The team consists of: – Alessio Gerardo Maugeri, PhD – specialist in the commercialization of nanotechnology with experience gained in Italy and the Netherlands, and Bartosz Walter, PhD – an individual with broad competences (gained primarily in the United States) in implementing solutions in the field of biotechnology, as well as in financing new ventures (experience in venture capital funds). Business development will be supported by Marta Jankiewicz, marketing and PR director – an experienced manager with vast knowledge in both areas, as well as broadly understood business support and implementation of innovative technologies in many international markets (including for Zehnder and Selena Group).

Simultaneously with the work aimed at successfully entering foreign markets in the TCF and Open-Defect Repair industry, due to the platform-like nature of the developed technology, XTPL is in the process of verification of subsequent application segments. The company is closely regarding a number of new areas and sectors, including production of biosensors, widely understood printed electronics and anti-counterfeiting solutions. At the same time, advanced works on an another version of laboratory printers are underway. After analyzing the results of alpha (internal) tests – carried out in recent months by the application laboratory – XTPL has also just begun work on the beta version of an innovative device for nano-printing. The beta version of the printer will be taking into account the expectations of representatives of global industrial companies.

According to Filip Granek – The functionality of the beta version will be close to that of its series production counterparts and will be used to conduct tests in partners’ and external customers’ laboratories, effectively under conditions corresponding to those of later exploitation.


XTPL S.A. is an innovative company commercializing a breakthrough, international patent application-protected technology for ultraprecise printing of a wide range of nanomaterials on the global market. The main target markets for its distribution include producers of the new generation of TCFs (Transparent Conductive Films) – used primarily in the production of displays, monitors, touch screens, as well as the Open-Defect Repair industry (repair of broken metallic connectors in thin film electronic systems), photovoltaic module sector, as well as those of printed electronics, biosensors and anti-counterfeiting technologies. In the first step XTPL prepares laboratory printers intended for use in R & D departments of potential business clients and research centers, the next phase will involve providing industrial printers. In both cases, XTPL will provide equipment along with a special nanoink designed for the requirements of a specific implementation. Since 9/14/2017, the company is listed on the New Connect market. More information at www.xt-pl.com


For additional information, please contact:

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

 

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.