XTPL Forecasts a Significant Increase in its Patent Cloud
XTPL intends to prepare and submit 26 patent applications by the end of 2020. Secured intellectual property in the form of a constantly growing patent cloud is one of the most important factors driving the technology company’s value and one that determines its competitive advantage.
XTPL is a company developing deep technology that requires appropriate laboratory infrastructure and involvement of an interdisciplinary team of engineers. XTPL’s global solution is being systematically secured by consistent expansion of its patent cloud. The company has just published a forecast in which it declares 26 patent applications to be submitted in the period from 1 September 2019 to the end of 2020.
– The forecasted number is the start of building a patent family in various application fields. For deep tech companies intellectual property is a product and a competitive advantage, while the size of the patent cloud has a major impact on their value. My personal goal is for XTPL to reach valuation amounting to billions of US dollars, so in the long-term the number of patents must be significant in our case. We intend to put more than just a product on the global market – we want our breakthrough technology to contribute to revolutionary changes in the industry and enable a quantum progress in manufacturing for many sectors. In a serious market game, especially in the global dimension, it is not about making a quick profit, but about gaining a sustainable advantage over other players in the market – Filip Granek, CEO and co-founder of XTPL, explains.
By the date of publication of the forecast, XTPL had submitted nine patent applications. This means that in the coming several months, the company expects an almost three-fold increase of its patent cloud. It is on secured, unique intellectual property that international technology companies build their value and strong business position in the commercialization process. The potential of intellectual property is primarily determined by the level of revenue estimated on its basis, expected after the implementation of the company’s solutions on the market in individual application fields. This value is also influenced by: the size and expected growth of target markets, the number and diversification of application fields as well as the value proposition for each of those markets. Given the platform character of the XTPL technology, which enables its effective implementation in many application fields, the company’s potential is significant.
– Deep technology companies have the power to create their own markets and disrupt existing industries. Such companies often take great scientific concepts from laboratory to commercial applications creating tremendous value along the way. While this effort creates exciting know-how and products key byproduct is even more valuable asset in the form of intellectual property. Companies use these IPs (patents) both as a form of defensive and offensive protection. XTPL scientists and engineers have been hard at work creating many such patents in the effort to protect unique intellectual property when commercializing their technology. This company has produced great results with very limited funding and in a very short time.- said Amir Nayyerhabibi XTPL Board adviser and Board member of XTPL-US subsidiary.
The highest level of intellectual property protection is to guarantee safe commercialization and appropriate negotiating position before the first commercial contracts are signed with selected partners. Recently the company has announced adoption of licensing as a model of commercialization for its technology in the display market for use in open defect repair. The first few patent applications included in the forecast will relate to the solutions that such license might cover. This is particularly important as the XTPL solution is gaining increasing interest in this sector, where it is often the scope and level of protection of intellectual property that determine the firm’s market position.