XTPL S.A., a global supplier of breakthrough nanoprinting solutions for the world's electronics market, has entered into a sales agreement with the Łukasiewicz Research Network - PORT Polish Center for Technology Development. The agreement relates to the sale and delivery of a prototyping printer - the Delta Printing System.

The Company has signed the agreement after winning the tender organized by the Łukasiewicz Research Network - PORT Polish Center for Technology Development. This institute conducts fundamental and applied research in materials engineering and biotechnology. The Delta Printing System will be used in research in photonic applications.

"We successfully commercialize our printers for rapid prototyping and R&D, as well as our highly concentrated conductive inks with silver nanoparticles. So far, we've sold three Delta Printing Systems. The first printer was put in operation at the University of Stuttgart at the beginning of this year. The second one is to be delivered to a customer from Germany this year. We're glad that the device to be delivered to PORT will be the first printer to operate at our client's laboratory in Poland. It will be used by the team led by Professor Alicja Bachmatiuk, an outstanding materials engineering researcher", says Filip Granek, the CEO XTPL S.A.

Another printer sale confirms the high commercialization potential of this product group, which - let me remind you - is a bridgehead for the implementation of the technology developed by XTPL on industrial lines. From the purely financial perspective, we're strengthening our cash flow not only in the short term: we are also building foundations for recurring revenues from consumables for the Delta Printing System. We're planning to deliver and instal the printer and conduct user training already this year, which means that the related revenues will be fully reflected in the 2021 results", adds Jacek Olszański, Member of the Management Board for Finance at XTPL S.A.

The estimated global annual sales of printers for R&D, rapid prototyping and small-lot production in the area of broadly understood printed electronics amount to approx. 250-500 devices per annum.

The Łukasiewicz Research Network is a nationwide project with a high commercial potential, combining science with business. The institute is a unique market player providing complete and competitive business solutions in the areas of automation, chemistry, biomedicine, ICT, materials and advanced manufacturing. The network includes 32 research institutes employing eight thousand people. This is the third largest network of this type in Europe.

"We're looking forward to having the Delta Printing System at our clean-room laboratories. This unique printer will be used to conduct research and development in photonics. One of the challenges in this area is the advanced micro-integration of photonic features. In this area we see great potential for the Delta Printing System in the context of our work, but also generally in photonic technologies that are growing rapidly in scientific and commercial terms. Our cooperation with XTPL is also an excellent example of multidimensional mutual benefits that can be achieved by closely cooperating research units and technology companies", says dr hab. Eng. Alicja Bachmatiuk, Head of the Material Engineering Center.
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 μm 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 µm 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

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