XTPL

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.

XTPL has attracted the attention of key global players and is now entering the NewConnect market. Subscriptions for shares will begin this quarter

XTPL, a company that is developing a technology for ultra-fine printing of nanomaterials, has decided to make its début on the NewConnect market. The company is planning to gain as much as PLN 10m to be used for building application labs and starting the global sale of its technology. The method of printing electrically conductive lines that are 400 times thinner than a human hair can revolutionize the industry of photovoltaic panels and displays.

XTPL develops a ground-breaking technology of ultra-fine printing of a wide spectrum of nanomaterials that is protected by a patent application. The method under development is innovative on a global scale and it allows to produce lines which are less  than 100-nm wide, i.e. over 400 times narrower than the standard lines used for digital printing or screen printing. 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 production of photovoltaic panels, displays, touch screens and flexible electronics.

–  The value of the TCF is estimated at USD 5bn today and it is predicted to rise around a dozen percent year-to-year. In 2022, the market value should exceed USD 7.5bn. Furthermore, experts estimate that by 2050 solar energy will have become one of the greatest sources of electricity in the world, with 16% coming from photovoltaic cells. Therefore, the market in which XTPL operates has fantastic growth prospects and the potential for success is confirmed by the letters of intent that we have already received from international companies and institutes. They include .e.g Trina Solar (China) listed on the NYSE and other global leaders – says Dr Filip Granek, CEO at XTPL.

At present, the TCF market is dominated by ITO (indium tin oxide) films. Due to technological limitations (no flexibility, low transparency and high surface resistance), fluctuating prices of indium, restricted resources and dynamic development of flexible electronics, ITO lost its initial appeal. Manufacturers are therefore looking for technologically more efficient solutions at lower prices that will allow them to become independent from indium with its supply being controlled mainly by China.

Research and tests performed by the XTPL team confirm that the technology has higher transparency, higher flexibility and lower electric resistance in comparison with ITO. Hence it will enable increasing performance and reducing solar cell production costs as well as lower power consumption by displays and better colour saturation of the image. Furthermore, the method developed by XTPL allows to produce such films that will not lose their properties when bended. XTPL’s solution makes it possible for the solar cell and display manufacturers to switch to flexible surfaces.

The company dedicates its technology to the photovoltaic industry and producers of displays, but it is looking forward to expanding into new sectors. It has started building the application laboratory where it will test the possibilities of using the nanomaterial printing technology in completely new areas. Examples include printed electronics, nanophotonics, microphotonics, smart windows and anti-counterfeit solutions.

– We will use a part of profits from our shares to develop the application lab. The remaining funds will be invested in the global technological collaboration and sales of our technology. We have been participating in international meetings, conferences and trade fairs where we can find future partners. We have paved the way and each month more and more people and companies around the world learn about XTPL’s technology – adds Granek.

The company will provide prospective customers with a comprehensive technological solution, i.e. devices (lab printers and industrial printers) and nanoinks enabling the production of TCF. This business strategy will give the company two revenue sources: one-time (printers) and ongoing (inks).

XTPL will make its début on the NewConnect market in the first half of 2017. Subscriptions for shares will start in May/June. There will be a separate notification from the company.

Experts’ trust

XTPL ranks high on the list of technology businesses in Poland with the greatest number of awards. It has been a winner and a finalist of numerous competitions in Poland and other countries. The company is the winner of the first Polish edition of the MIT Enterprise Forum Poland accelerator licensed by the Massachusetts Institute of Technology; the company was also awarded one of the largest grants in the second edition of the competition organized by Poland’s National Centre for Research and Development.

XTPL has been recognized internationally on numerous occasions. It received the prestigious European SME Instruments grant as one of very few Polish enterprises. It was the first Polish company to enter the finals of the famous biannual IPho Venture Summit in Bordeaux, France. XTPL is also the first and the only company to represent Poland in the finals of the international Climate Venture Summit in Frankfurt, Germany.

More information about the company: http://xt-pl.com/en/inwestorzy.

Conductive lines over 400 times thinner than a human hair. A new breakthrough in the R&D project of the XTPL team.

XTPL is working on a technology of ultra-fine printing of nanomaterials and it has just reached a new breakthrough by reducing the printed line width to 124 nanometres. The entire process of producing the lines is completely repeatable, which means that XTPL can start commercializing its original technology.

Flexible solar cells that can more effectively transform sunlight into electric energy or liquid-crystal displays with unmatched image sharpness and depth are only two examples of tomorrow’s technologies which will use transparent conductive films. Such films let the light pass through and function as extremely efficient electric conductors. XTPL is developing a cutting-edge technology of ultra-fine printing of nanomaterials that will allow to produce such films.

Previously, we printed lines that were 100 times thinner than a human hair. Now they are 400 times thinner. It is a great milestone for us and it shows how revolutionary our method is. Thinner lines open up completely new possibilities of using XTPL’s technology. Based on evidence, we can safely say that our research and development team has been making great progress in the process of printing control and development. The nanometre scale in which we operate is both extremely attractive due to its potential and very difficult. We have managed to gain control over the printing of nanomaterials and make it repeatable, explains Dr Filip Granek, CEO at XTPL.

Owing to the repeatability and control, researchers can now test their technology in collaboration with potential customers.

We present XTPL’s technology at many international meetings and conferences. We have seen great interest in our solution from the very beginning and we have received letters of intent from the key players in the photovoltaic sector, e.g. from Trina Solar. However, all these companies have awaited the moment when we are ready to test our technology with them in the production of specific solutions. That moment is now, adds Filip Granek.

The XTPL technology is appealing specifically to manufacturers of photovoltaic panels and liquid-crystal displays. The sunlight entering a solar cell in today’s devices reflects from conductive lines. XTPL lines are so thin that sun rays do not reflect but only refract, which increases the absorption of solar energy. In the case of mobile devices, the emitted light has no obstacles in the form of wires. The thin conductive lines made by XTPL result in the light having a smaller obstacle to get through and that is why the same level of display brightness can be achieved, while less energy is consumed. This also extends the battery life.

XTPL is developing its invention in the cutting-edge laboratories of the EIT+ Research Centre based in Wrocław. Our business is run by an interdisciplinary team of scientists and technologists with cumulated experience of 80 years in the fields of chemistry, physics, electronics and materials engineering. The technology of ultra-fine printing of nanomaterials is protected by the patent application.

XTPL SA is planning to enter the NewConnect market in the first half of this year. You can contact the company to gain more information and learn the expected time of the share issue.

XTPL will present its technology in the United States.

XTPL will take part in the AUTM 2017 Annual Meeting which gathers world-class experts in technology transfer. XTPL’s goal is to present the first version of the lab printer dedicated to research and development centres.

The XTPL technology has entered the stage which allows it to be presented. The company has already started contacting scientists, members of research institutes and entrepreneurs who would be willing to collaborate. In March, XTPL will attend the AUTM Annual Meeting. The event attracts nearly 2,000 specialists involved in technology transfer on a daily basis.

The Association of University Technology Managers is an organisation of 3,300 intellectual property managers from more than 350 universities, research institutes and educational institutions as well as entrepreneurs and members of government organisations. It is a great opportunity for us to meet them and discuss the possible applications of XTPL’s lab printer at their institutes and in their business projects. We do hope that the AUTM Annual Meeting will open new prospects for us in the US market, says Filip Granek, CEO at XTPL.

MIT Enterprise Forum Poland will organise the meetings between XTPL and scientists, members of research institutes, entrepreneurs and representatives of industry institutions.

Such international events allow us to start invaluable relations with companies from around the world as well as to discover completely new uses for our technology, sometimes in such areas which are not our first-choice markets. Participation in such events results not only in contract signing, but also in the expansion in the possible fields of use for our invention, adds Filip Granek.

The AUTM 2017 Annual Meeting will take place on 12–15 March in Florida, USA.