XTPL starts cooperation with OSRAM
- XTPL technology has attracted the attention of OSRAM, one of the world’s largest lighting equipment manufacturers.
- On 21 January, XTPL S.A. and OSRAM Opto Semiconductors GmbH signed an agreement initiating evaluation of the Polish company’s technology in terms of its use to create conductive interconnections for semiconductors present in lighting devices.
- In the financial year 2018/2019, OSRAM Group reported revenue of EUR 3.5 billion.
- XTPL may enter the new application field faster as it can use the effects of its work on the technology developed for the display and smart glass markets.
The purpose of the agreement signed by both partners is to confirm the parameters of the technology developed and commercialized by XTPL and to assess the possibility of implementing it in OSRAM’s production processes.
– German OSRAM approached us because it is looking for effective technological solutions to address the challenges connected with the manufacture of future generations of lighting elements. It is the XTPL printing technology that might provide a solution. Our partner has decided to cooperate with us to evaluate the technology for creating specific conductive connections. The potential industrial application of the XTPL method in the lighting industry is yet another proof of its platform character which allows it to be used in a number of fast-growing high technology industries – says Filip Granek, the CEO of XTPL S.A.
OSRAM is a global player in the lighting industry. Together with GE Lighting and Philips, it is one of the three largest manufacturers of lighting equipment in the world. The enterprise also develops and manufactures optoelectronic materials. OSRAM operates as part of a corporate group which in the financial year 2018/2019 (ended 30 September 2019) generated revenue of nearly EUR 3.5 billion. OSRAM (through OSRAM Licht AG) has been listed on the Frankfurt Stock Exchange since 2013. Its current market capitalisation exceeds EUR 4 billion. The group has a highly developed research and development arm with almost 18,000 patents and patent applications in its portfolio. In 2019, OSRAM allocated more than 11% of its annual revenue to R&D activities.
– A solution similar to the one sought by our partner has been partly developed by us during work on a technology dedicated for repairing open defects in displays and the smart glass industry. As a result, we can start cooperation with OSRAM at the proof of concept stage, without first going through a several months long research project related to the opening of a new application field – Filip Granek adds.
For many years, the lighting industry has been looking towards an increased use of light-emitting semiconductor materials that convert electrical energy into light energy. They are used in LED and OLED lighting. XTPL can have a significant role to play in this regard. The size of the global LED lighting market in 2019 is estimated at almost $70 billion, and is expected to be driven towards $100 billion by 2023, which means a rapid growth of 9% (CAGR 2019-2023)*. This makes it a very interesting and promising sector for the Polish company.
*Source: Frost & Sullivan, June 2019