XTPL has started cooperation with a global giant in the display market
- XTPL disruptive technology of ultra-precise nanoprinting on the radar of BOE, one of the world’s leading players in the display market.
- Both companies have signed the Technology Evaluation Agreement (TEA), whereby the Chinese partner will start the evaluation of the XTPL technology.
- The purpose of the current stage of cooperation is to confirm the parameters of the XTPL technology and define the scope of modifications to be made to meet BOE’s technological needs.
- In 2018, BOE reported revenue of USD 13.9 billion (CNY 97.1 billion).
- According to the Chinese partner’s declarations, if successful, this stage will be followed by business negotiations with XTPL aimed at signing a commercial contract.
XTPL AS A PARTNER FOR GLOBAL LEADERS
– The agreement with BOE confirms that the XTPL technology is on the radar of the world’s largest display producers. The leaders of this sector want to cooperate directly with us and they are proactive in this regard. BOE approached us at this year’s Display Week show in California. This manufacturer wants to use our technology to improve the electrical conductivity of new generation displays. The start of the cooperation expands the field of application of our technology in this industry – Filip Granek, the CEO of XTPL, said.
Chinese BOE is a global leader in manufacturing of modern displays. It is also one of the most innovative companies in the world – in 2018 alone, it submitted 9585 patent applications (having more than 70 thousand patents in total), which positions it as the 17th largest patent company according to USPTO (United States Patent and Trademark Office). Last year, BOE’s revenues amounted to USD 13.9 billion.
– XTPL will offer its Chinese partner a nanoprinting technology for creating transparent conductive mesh that improves electrical conductivity in new generation displays. We have already developed this solution to some extent during our work on the technology for open defect repair in the display industry and for the smart glass market. This has helped to reduce the scope of preliminary R&D work needed to adapt the base technology to a specific application field. As a result, our company will be able to start the proof of concept project with BOE at a more advanced level. This may significantly contribute to increasing the project’s momentum. Obviously, we need to remember that commercialization of deep-tech technologies is a complex and multi-stage process where nothing happens overnight – Filip Granek adds.
Once all BOE technology specification requirements have been met, the next stage of the commercialization process will commence. The purpose of the next phase (design in) will be to adapt the technology to the specific requirements of the partner’s production process. At the same time, BOE has declared that if the project is successful, the next step will be to start negotiations on the main business arrangements of a commercial cooperation.