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.
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:
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;
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.
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.
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.
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.
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.
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.