The Issuer’s background
The company was established as a highly innovative business with the aim to commercialize the cutting-edge technology of producing ultra-fine conductive metallic lines used in the TCF manufacturing process.
At the initial stage, XTPL set up a laboratory with unique research infrastructure. During five months of intensified R&D activities, the XTPL team reached the first milestone, i.e. the possibility to control the printing of conductive lines that are dozens of times smaller than the ones available in the market. The process was verified and confirmed in laboratory conditions. In March 2016, the company filed the patent application covering the XTPL printing method and the nanoink formula. On 25 April 2016, the company was transformed into a joint-stock company (approved by the court on 1 June 2016). On 1 September 2016, XTPL moved to the advanced laboratories on the premises of the Pracze Campus in Wrocław (EIT+). The research infrastructure was extended and new team members were hired, while the work focused mainly on the fully functional prototype of the lab printer. In May 2017, the lab printer prototype was presented for the first time to a larger audience during the IDTechExPrinted Electronics trade fair in Berlin, where it received the prestigious Technical Development Manufacturing Award. In July 2017, the company conducted a public offering of its shares, gaining over PLN 10m in revenue.
|QIV||Functionality of the XTPL technology is confirmed in laboratory conditions|
|QI||The patent application is submitted|
|March||Improving the line printing precision (below 100 nanometres)|
|April||Completion of the XTPL printer prototype|
|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|