In the current phase, the Company focuses on commercialising its technology in the broadly understood market of printed electronics, mainly in the following areas: displays, touch screens, logic and memory chips, thin-film batteries, sensors, conductors, photovoltaic cells and others.

Chart 1:

Value of the global market of printed, flexible and organic electronics in 2013–2017 and forecast for 2027 (USD billion)

 

Source: IDTechEx

According to IDTechEx, the value of the global market of printed, flexible and organic electronics in 2016 was approximately USD 26.5 billion, and the estimated value in 2017 is USD 29.3 billion. In 2027, the market is forecast to grow to USD 73.4 billion, with CAGR at 9.3% in 2017–2027.

 

An important element that fosters development of this market is the growing number of new applications of printed, flexible and organic electronics in various fields. For example, it can be used to build smart sensors to create flexible fingerprint and vein readers or in the automotive industry, where car windshields will have displays with information on the route, speed or location.

XTPL technology will be used in many existing areas of the printed electronics industry or – thanks to the unprecedented precision of printing – will lead to the emergence of new areas. The essence of the technological revolution resulting from the use of XTPL technology is that it enables production of complex and complicated devices using cheap and scalable methods. In the future, we will print displays, solar cells, biosensors and other elements just as cheaply and fast as we print newspapers and books today.

The Company carries out all its R&D activities in Poland. Currently, the Company is taking steps to start cooperation with partners interested in joint technology development based on JV/JDA agreements in the already verified application fields. The commercialization is currently focused on North America and Southeast Asia.

After completing the current activity phase, the Company aims to provide unique printing heads – each time designed & dedicated for specific application field – as well as compatible, precisely adjusted nanoinks. XTPL’s key objective is to develop & implement tailor made solutions in terms of nanoprinting and ultra-precise deposition for several sectors mainly within printed electronics.

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