The technology used by XTPL (protected by patent applications) allows to print conductive 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. Ground-breaking technologies of the 20th century were based on electricity. Ground-breaking technologies of the 21st century will be based on light. Flexible solar cells that can 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.
XTPL is an innovative technology company engaged in research and development (R&D) activities which aim to develop and commercialize the ground-breaking technology that enables fine printing of metallic conductive lines. The technology used by XTPL allows to print conductive 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. This technology may be used e.g. to produce TCF (Transparent Conductive Films) which are necessary elements in the manufacturing of displays, monitors, touch screens and general consumer electronics.
THE XTLP TECHNOLOGY
XTPL’s research is based on an innovative approach to the production of ultra-thin conductive lines with the use of the wet printing methods. The company’s objective is to provide customers with comprehensive technology solutions comprising of nanoinks, the print head and the printer alongside technology consulting services.
Nanoinks developed by XTPL are repeatable and have unique physical and chemical properties which allow to produce the assumed parameters of conductive lines. A majority of our nanoinks is based on silver nanoparticles.
The print head electronically controlled by the user enables the application of ink with nanoparticles and formation of the desired shape of the conductive line.
The print head uses one-time inexpensive tips which are replaced after each run.
The printer is the positioning element in the printing process with the use of nanoinks. Printer models developed by XTPL offer an extensive range of positioning resolution that is necessary to have a complete control over the conductive line application process. It is possible to work with high accuracy in the nanoscale thanks to the micron-precise thread drives.
First of all, the Issuer plans to develop the product in the form of lab printers (with nanoinks) designed for customers’ R&D activities and later on the Issuer will work on the industrial printer (with nanoinks).
Development of the printer prototype and the ink formula compatible with the printer – the company will generate no revenue at this stage.
Production and sale of lab printers (with nanoinks) dedicated to industrial facilities and academic centres (R&D). The phase is planned for the period from Q4 2017 to Q2 2019. Revenue from the sale and lease of lab printers.
Production and sale of industrial printers and nanoinks to be used in the production of the new generation TCF. XTPL will directly sell the service and the implementation of the technology at the customer’s facilities (technology consulting) as well as the nanoink (manufactured by a subcontractor). Industrial printers will be produced by a business partner. The phase is planned to start in Q2 2019.
STRATEGY FOR THE NEAREST FUTURE
- preparation for the serial production and sale of lab printers
- extension of the patent group related to the XTPL
- promotion of the technology at selected international trade fairs
- establishment of dedicated business development and sale structures
- R&D collaboration with potential customers and research institutes working on printed electronics
- development of the application lab operations and setting up new laboratories
- design and construction of the print head prototype for industrial applications
- obtaining additional financing in the form of grants to support the commercialization of the technology
XTPL received one of the three largest grant in the recent edition of the Quick Path competition organized by Poland’s National Centre for Research and Development (NCBR) in 2015. The grant is nearly PLN 10m. NCBR also awarded the grant to develop a strategy of XTPL’s expansion to the U.S. market under the GoGlobal programme. The Polish Agency for Enterprise Development (PARP) agreed to co-finance the patent application. XTPL has also been recognized outside Poland by the European Commission: it won the prestigious European SME Instruments grant. The company will continue to apply for grants under various regional and European programmes.
Dr Filip Granek – the scientific and technological mastermind behind the company, one of the world’s best specialists in cutting-edge technologies of solar cell production and technologies based on nanomaterials. For nearly 10 years, he worked for the most prestigious international hi-tech research facilities and businesses such as Fraunhofer ISE (Germany), ECN (the Netherlands), ANU (Australia), Kingstone Semiconductor Company Ltd. (China).
He supervised research in close collaboration with the largest enterprises from the photovoltaic sector in Europe, Asia and the U.S. He received numerous awards and prizes, e.g. the Burgen scholarship (Akademia Europea) and the grant of the Foundation for Polish Science. He is a member of the renowned Young Academy of Europe and he was awarded the Ministry of Science and Higher Education grant for eminent young scientists and the German DAAD’s grant. He also received the prestigious LIDER research grant from the Polish National Centre for Research and Development and he was included among top European innovators (“New Europe 100 Challengers”). He authored 70 academic publications and submitted 30 international patent applications and patents.
XTPL is an interdisciplinary, well-balanced team of more than 20 people. The technical section boasts wide experience in physics, chemistry, electronics, mechanics and numerical simulations. Six technologists on board have been awarded the PhD degree. The business section of the team has experience and successes in the fields of product development, marketing, finances, B2B sales and the capital market. The great advantage is that the XTPL staff includes many specialists with international experience of collaboration with global corporations and research institutes.
XTPL’S TECHNOLOGY SCALE
- Printing in the nanoscale is technologically challenging and protected with a patent application (no entry for potential competition).
- Commercialization of the XTPL technology is attractive due to the combination of low cost and high technological parameters (competitive advantage).
THE TCF MARKET
The operation of displays, solar cells, touch screens and smartphones requires the use of transparent conductive films (TCF) with the highest possible neutrality to light (absorbed or emitted by the device) and, at the same time, with the highest conductance parameters.
At present, the most widespread TCFs are made of ITO (indium-tin oxide). ITO is based on indium, the rare element with its global supply controlled by China (50%-60% of ITO global production, while the second largest producer, Korea, has a 15% share in the market).
Films based on ITO are not flexible (a significant limitation for producers of electronics), they are insufficiently conductive and have a limited optical transparency. Due to the limitations of ITO, technology companies around the globe develop a new generation of TCFs as an alternative to ITO.
XTPL’s technology allows to produce TCFs at lower costs and with better parameters. It will result in a stimulated demand for consumer electronics.
TCFs produced with the XTPL printers will resist bending – XTPL’s technology opens new ways to enter the emerging market of printed and flexible electronics.
The available studies estimate the value of the entire market of printed electronics in 2017 at USD 29.3bn. In 2027, it will reach USD 73.4bn, which means that CAGR in 2017-2027 will be 10%.
XTPL has been a winner and a finalist of numerous competitions in Poland and other countries. It was the first Polish company to enter the finals of the famous 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. The company was the finalist in the first Polish edition of the MIT Enterprise Forum Poland acceleration programme and the winner of the AULERY 2016 contest.
LETTERS Of INTENT
XTPL has received letters of intent from companies all around the world, e.g. Trina Solar (China), Kingstone (China), Fraunhofer ISE (Germany).