XTPL enters the US market
Delta Printing System to support research and development projects of a Big Five company in Silicon Valley.
XTPL S.A. (WSE: XTPL), a supplier of ground-breaking nanoprinting solutions for the global market of modern electronics, is to deliver its prototype production device Delta Printing System (DPS) to an industrial client based in the United States. XTPL’s new client is a NASDAQ-listed firm, one of the Big Five companies from the ICT sector. The DPS is to be used e.g. for the development of virtual reality (VR) technologies and products.
XTPL started cooperation with the client at the end of 2021. Together with the US counterparty, the company carried out a technology evaluation process, demonstrating results that significantly exceeded the test results achieved by competitors. Following the successfully completed tests, the American firm decided to put XTPL’s Ultra-Precise Deposition technology to use in its own research and development laboratories in Silicon Valley, California.
The first sale of the Delta Printing System in the US market significantly increases the company’s credibility in the context of other commercial talks with institutes and business organizations in North America.
“We would like to emphasize that this is the first sale of the Delta Printing System to a corporate client and at the same time the first sale of this device to the United States, the market of key importance for the rapid development of this technology. For us, this creates promising prospects of more transactions to be made going forward. The selection of our device, whose evaluation results pointed to a quality significantly exceeding that achieved in tests of competitive solutions, confirms the potential inherent in our proprietary technology” explains Filip Granek, CEO of XTPL S.A.
“We are proud that the innovation and quality of our technology have been recognized by the global brand and leader in its field. For our team, it’s a great honor that we can participate in the development of new technology areas. Today, virtual reality can be used in various fields, computer games being the most popular one, but it can also support the process of designing production lines, and finished products, such as cars. The virtual world can also help in training future doctors and planning surgeries by imaging the diseased organ. At the same time, virtual reality only begins to enter our everyday life, and many application areas are yet to be discovered. Developing modern electronic products that will take us to virtual reality will require the incorporation of new, ground-breaking manufacturing solutions. We strongly believe that our company’s technology and solutions will have their place in this revolution” the CEO adds.
The global virtual reality market size was valued at USD 21.83 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 15.0% in 2022–2030 (source: Grand View Research). The VR market is currently dominated by commercial applications (virtual vehicle showrooms) followed by consumer applications: gaming and social media in the virtual world.
According to market analyzes, the market of electronic prototyping devices (the category that includes the company’s DPS prototyping devices) is to see CAGR of 31% in the years 2021–2031 (source: Transparency Market Research). Global annual sales of systems for R&D, rapid prototyping and small-lot production in the area of the broadly understood printed electronics sector amount to approx. 250–500 devices per annum, at a price of approx. EUR 50–500 thousand per device.
The XTPL technology is a response to the three megatrends in the production of modern electronics. The industry is currently strongly focused on further miniaturization of the size and weight of electronic devices, modifying their forms and properties, and moving towards an increased flexibility and three-dimensionality. The recent global trend is environmental protection by efficient use of limited resources while reducing the production waste, which is enabled by the additive technology developed by XTPL. The company develops its proprietary nanoprinting solutions that support those trends, offering them to global players in the rapidly growing printed electronics industry. In 2020, its value was USD 41.2 billion (+11.0% YoY), while in 2025 it is forecast to grow to USD 63.3 billion (source: IDTechEx). This means an increase in the market value at a CAGR of 9.0% in 2020–2025.