XTPL S.A., PLXTPL000018

XTPL S.A., PLXTPL000018

05.11.2021 - 08:41:33

XTPL sells Delta Printing System to the University of Glasgow, Scotland.

Designed by XTPL, a global supplier of breakthrough nanoprinting solutions for the world's electronics market, the Delta Printing System is a printer designed for rapid prototyping in printed electronics. Another Delta printer is to be delivered to the Bendable Electronics and Sensing Technologies (BEST) research group at the University of Glasgow by the end of 2021. Primarily?a demonstrator of the XTPL technology for academic and industrial clients, the device can also be used to test (with various types of high-viscosity inks) the printing of micrometric conductive materials.

The Delta Printing System, which has just been sold by XTPL, is already the fourth device commercialized this year. The printer will be delivered to the Bendable Electronics and Sensing Technologies (BEST) research group. The institute has scientists from over 25 countries specializing in electronics, electrics, mechanics, chemistry, physics, and medicine. This multidisciplinary group conducts fundamental research into high mobility materials based on flexible electronics, flexible electronic skin and wearable systems, and their application in robotics, prosthetics and healthcare. They also look for innovation, for example in the area of rollable sheets of solar cells. Involved in the process of making the XTPL technology available to the BEST group was Semitronics Ltd., the distributor of the Company's solutions in the British market.

"The research group from the University of Glasgow presented specific requirements for the device they were looking for. One of the key aspects was to ensure that the printing system can accurately deposit high-viscosity inks while maintaining high resolution of the printed features. An additional expectation was the ability to use a wide range of available materials, including conductive inks, nanoparticle or semiconductor suspensions, and insulation inks. Our Delta Printing System met all these requirements. The group led by Professor Ravinder Dahiya carried out a series of tests with us, which confirmed that our solution was fit for purpose. As a result, the BEST group decided to buy the printer and employ the XTPL technology in their next advanced R&D projects. I should also mention the strong support from Semitronics, our distributor for the British market, who helped us throughout the process and in relationship-building. We are very happy that our solutions will be useful in advanced research under the lead of prof. Dahiya." says Filip Granek, the CEO of XTPL S.A.

This unique research team is headed by Professor Ravinder Dahiya, a scientist and researcher in the field of electronics and nanoengineering. He is also a Research Fellow of the Engineering and Physical Sciences Research Council (EPSRC), which is responsible for funding research in engineering and physical sciences in the UK, and holds the Satish Dhawan Visiting Chair Professorship at Indian Institute of Science (IISc), Bangalore, India. He has published several hundred research papers in reputed journals and peer reviewed international conferences, seven books, and several book chapters. He has given more than 160 lectures, including TEDxGlasgow talk.

"Our research revolves around the development of high-performance printed electronics and sensing systems on large area flexible substrates. We used these printed systems to develop flexible electronic skin (eSkin) and explore its application in healthcare, wearable systems and robotics. In our projects we also use micro/nanofabrication tools and align them with processing on flexible substrates. We decided to purchase the Delta Printing System for our labs, after preforming initial tests with the team at XTPL over the last several months. This appears to be a great enabling tools and we are looking forward to including it in our daily research work." - says Professor Ravinder Dahiya, the Leader of the BEST research group at the University of Glasgow."

"Another sale of the XTPL technology demonstrator confirms the validity of our development strategy. Striving for industrial commercialization of our solutions, we also follow not-so-obvious commercialization paths by establishing cooperation with prestigious and renowned scientific institutions, and by including XTPL solutions to their breakthrough research projects. The partners we're currently working with and who represent end customers, scout and review the latest solutions and technological possibilities for the next generation electronic products specifically at research and academic centers. That's why it's so important to use this channel while building the Company's income base and value," the CEO of XTPL explained.

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 also environmental protection by efficient use of limited resources while reducing the production waste, which is enabled by additive technology. XTPL develops its proprietary innovative 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), in 2025 it is forecast to grow to USD 63.3 billion, while 2030 it is expected to reach even USD 74.1 billion (source: IDTechEx). This means an increase in the market value at a CAGR of 9.0% in 2020-2025.

XTPL S.A. is a deep-tech company providing ground-breaking precision printing solutions for the global electronics market. The company develops and commercializes products and solutions relying on its globally innovative platform technology protected by international patent applications. The innovative additive method designed by the company is unique on a global scale. The technology can be used in the fast-growing industry of printed electronics and in such areas as biosensors, security printing, microelectronics and displays. This technology enables ultra-precise printing of ultra-thin (up to 1 ?m wide), transparent and highly flexible lines that can conduct electricity. The company is undergoing patent protection processes relating both to the above technology and to the products it develops, which will be the final confirmation of their innovative character. The XTPL technology can be applied in the printed electronics market, which is one of the most rapidly developing markets of manufacturing methods. According to IDTechEx forecasts, in 2019, the value of the printed, organic and flexible electronics market was USD 37.1 billion, and by 2030 it is expected to grow to USD 74 billion. Due to the possibility of printing very thin conductive lines, while using ink with a very high concentration of metallic nanoparticles, the XTPL printing technology can be used in electronic connections in advanced integrated circuits, 3D printed electronics, hybrid flexible electronics, the Internet of Things and similar areas. These markets are projected to grow very fast in the coming years, sometimes at a CAGR of even 80%. The area in which XTPL expects the fastest use of its proprietary technology in industry is the precise repair of open defects. This application attracts very high interest not only from manufacturers of high-resolution OLEDs, but also from manufacturers from the semiconductor industry. Furthermore, ultra-precise repair can help speed up the launch of the next-generation displays based on microLED technology, which has all the qualities to revolutionize the market.

XTPLs goal is to license its technological solutions created for industrial implementation in dedicated application fields. The company may also achieve this goal by sales through distributors or strategic partnerships - in this way the cooperation can be geared to the needs of the future counterparty. At present, XTPL is commercializing its products: inks based on silver nanoparticles for printing new generation electronics components as well as the Delta Printing System, i.e. a precise solution for rapid prototyping with the ability to print very fine structures up to 1 ?m for microelectronics

Since 2019, XTPL S.A. has been listed on the main market of the Warsaw Stock Exchange, and since 2020 on the Open Market in Frankfurt. To find out more, go to: www.xtpl.com

Additional information is available from:

Beata Kowalczyk | cc group 605 959 539 | beata.kowalczyk@ccgroup.pl ?

Magdalena ?ukowska | marketing & communications manager at XTPL S.A. 539 736 050 | magdalena.zukowska@xtpl.com ?

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End of Media Release Issuer: XTPL S.A. Key word(s): Research/Technology

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