General Information

BUSINESS PROFILE

XTPL operates in the nanotechnology market segment. The company is developing and commercialising its globally innovative platform technology of ultra-precise printing of nanomaterials, protected by international patent applications. The XTPL method is a breakthrough. This is because of a unique combination of several features: it is an additive method, which ensures significant time and material savings and allows the advantages of print – such as scalability, cost effectiveness, simplicity and speed – to be used in the production of advanced devices thanks to unprecedented precision and without a need to use electric field. Due to its platform character, this solution will find application in the broadly understood printed electronics industry.

At present, the company is focusing on commercialization of its technology in chosen application fields. The first one is displays – here XTPL in the first step intends to offer the technology for repairing open defects of conductive structures, which are, among others, responsible for dead pixels occurring in high resolution matrices of displays already at the production stage. Next, the company plans to provide this industry with solutions that will help achieve a significant increase in the resolution of a new class of displays and the technology allowing for the production of displays on flexible substrates.

The second potential application field for XTPL is the smart glass market, i.e. glass that changes its transparency depending on external conditions.

For this sector XTPL intends to develop a solution that will significantly shorten the time of this conversion, which will highly improve the usability of such products, and may also usher the industry into new, not yet supported market segments.

The third area, developed since the first quarter of 2020, is the semiconductor industry. The company conducts R&D works in the field of creating ultra-precise conductive connections for semiconductor components present in lighting devices with one of the world leaders of this market. The lighting industry has been moving towards increasing the use of light-emitting semiconductor materials that convert electricity into light for many years. They are used in LED and OLED lighting. XTPL can have a significant role to play in this regard.

In the long perspective, the company intends to develop its solution for subsequent market segments. XTPL technology may be implemented in the above mentioned semiconductor industry also as a sought-after alternative for photolithography and, for example, facilitate the fabrication of innovative anti-counterfeiting solutions, advanced PCBs, functional and effective biosensors and high-performance photovoltaic panels. The technological revolution in which the company is to play a vital role is about enabling the production of complex and complicated electronic devices using cost effective and scalable printing methods.

BUSINESS MODEL

XTPL is a supplier of advanced technology of ultra-precise printing of nanomaterials. It develops and commercializes the technology dedicated to a specific application field, using most optimal model:

Licensing

the company develops a technological solution dedicated to a particular application field, which is licensed to a partner who on its basis builds devices that allow the technology to be implemented in a given industry; in this case, the company generates revenue from license fees based on the sale of devices in which developed technology was implemented;

 

Strategic partnership

the company develops a technological solution dedicated to a particular application field and commercializes it in cooperation with a strategic partner with whom e.g. a joint venture agreement is signed; commercialization tasks are divided between the partners in accordance with their competencies and potential; in this case, the company participates in profits achieved through mutual cooperation.

The choice of the optimal business model depends on the specific application field where the company offers its solution.

At this stage, XTPL is in business talks with two groups of interested partners. The company’s direct potential clients are manufacturers of devices used for production in a particular market sector. These devices are bought and implemented on production lines at end customers – final producers of advanced electronics (e.g. displays). Both groups of entities are important for XTPL as the company needs to obtain the fullest information about the requirements that its technology must meet so it can be effectively integrated with the partners’ systems.

HISTORY

XTPL was founded in 2015 as a limited liability company (sp. z o.o). The founders sought to commercialize the groundbreaking technology of manufacturing ultra-thin conductive metallic lines.

 

 

2016

During the initial period of the Company’s activity, a laboratory with a unique infrastructure was set up. There, within five months of intensive research and development, the Company’s team achieved the ability to control the process of printing ultra-thin conductive lines which were several dozen times narrower than those available in the market at that time. This technological breakthrough allowed the Company to submit its first patent application in March 2016 for the XTPL printing method and the nanoink formulation.

2017

On 21 February 2017, the Extraordinary General Meeting of XTPL adopted resolution No. 02/02.2017 to split the Company’s shares without decreasing its share capital, by converting the nominal value of a share to PLN 0.10.

2018

In the first quarter of 2018, business development activities accelerated strongly as a proof-of-concept (PoC) project was created for the security printing sector and for quantum dots printing. In addition, an advanced PoC project was put together for the open defect repair and semiconductors sector.

2019

On 25 January 2019, the Polish Financial Supervision Authority (KNF) approved the Issuer’s share prospectus connected with XTPL’s application for admission and introduction to trading on the regulated market of a total of 1,695,220 shares – series A, B, C, D, E, F, G, H, I, J K, L and M.

2020

On January 21, 2020, XTPL and OSRAM Opto Semiconductors Gmbh signed an agreement initiating the evaluation of the Company’s technology for the use in creating of ultra-precise conductive connections for semiconductor components present in lighting devices. The German company that is a party to the agreement belongs to the global group OSRAM – one of three largest manufacturers of lighting equipment in the world. The purpose of the contract is to confirm the parameters of the technology developed and commercialized by XTPL and to evaluate the possibilities of implementing it in OSRAM production processes.

2015

Q IV

Functionality of the XTPL technology is confirmed in laboratory conditions

2016

Q I

The patent application is submitted

Q II

  • The first letters of intent are signed
  • XTPL is transformed into a joint-stock company

Q III

  • A new laboratory is opened on the premises of the Pracze Campus in Wrocław
  • A unique, multi-disciplinary team of scientists and technologists is formed

2017

March

Improving the line printing precision (below 100 nanometres)

April

Completion of the XTPL printer prototype

May

Presentation of the printer prototype at the IDTechExPrinted Electronics trade fair in Berlin and winning the prestigious Technical Development Manufacturing Award granted by the representatives of the printed electronics sector

June

Signature of the letter of intent with Wise Device Inc., the global leader of industrial microscopy automation development

July

  • Public offering of Series M shares resulting in the Issuer’s gross revenue of PLN 10,230,000
  • Participation in the public issue of series M shares of the German investment fund Acatis through the entity Universal-Investment GmbH

September

  • Debut in the Alternative Trading System on the NewConnect market
  • Entry to the shareholding structure of another investment fund from Germany Heidelberger Beteiligungsholding AG

November

  • Economic Award of the President of Poland at Kongres 590
  • Development of a new application area – repair of broken metallic connections in thin-layered electronic circuits

December

  • Announcement of plans for the transition to the main market of the WSE
  • Conclusion of a subsidy contract for a laboratory printer prototype demonstration project under the Regional Operational Program for the Lower Silesian Voivodship 2014-2020

2018

April

Appointment to the Supervisory Board of Wiesław Rozłucki – former president and co-founder of the Warsaw Stock Exchange

May

Award for one of the most promising technologies among the participants of I-Zone (innovation zone) being part of Display Week in Los Angeles

June

Establishment of an international Advisory Board – Harold Hughes became the first member

July

XTPL Advisory Board is joined by Amir Nayyerhabibi

September

  • Private placement of 1 million Euro for the German fund – Acatis Investment
  • Private placement of 1,05 million Euro for another German fund – Heidelberger Betailungsholding AG

November

Filip Granek wins EY Entrepreneur Of The Year Award!

December

XTPL opens the ranking of most eagerly investments in 2018

2019

signing

February

  • Establishing subsidiary XTPL Inc. in Silicon Valley, USA
  • Debut of XTPL S.A. on the main market of WSE

May

Hiroshi Menjo joins the Board of Directors of XTPL Inc.

July

Acquiring PLN 10 million as a result of the issue of series S shares

August

Decision on licensing XTPL technology on the display market for use in the open defect repair.

September

XTPL forecasts a significant increase in the patent cloud – 26 patent applications by the end of 2020

november

  • Signing an agreement starting the evaluation of XTPL technology by BOE – the world leader in the production of modern displays
  • Memorandum of understanding with Korean HPK Inc. opens the way to start business negotiations

2020

january

Herbert Wirth appointed new member of the Supervisory Board of XTPL S.A.

february

XTPL signed Technology Evaluation Agreement (TEA) with Suzhou Cowin laser Technology Co Ltd based in China

march

XTPL carried out three sales transactions of nanoink based on silver nanoparticles

june

  • XTPL was awarded “The Best Investor Relations Website” in the categories “small enterprises” in the contest Złota Strona Emitenta XIII organized by the Polish Association of Listed Companies (SEG).
  • On 30 June 2020, the Supervisory Board of XTPL S.A. appointed Jacek Olszański to the company’s Management Board. Since October 2018, he has served as the company’s financial manager.
  • Beata Turlejska, a Managing Partner in the Leonarto VC. Fund, was appointed as a new member of the Supervisory Board.

july

The company adopted a resolution on the allocation of 48,648 series A registered bonds convertible into the company’s series U shares at an issue price of PLN 74 per bond. Overall, the company’s proceeds from the issue of shares and bonds are PLN 12,849,952.

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