The Wrocław-based technology company begins 2025 with a historic deployment of its proprietary UPD (Ultra Precise-Dispensing) technology in China. The Company has received an order for the first batch of UPD modules (printheads) to be deployed on the industrial production line of the end client – a leading display maker from China listed on the Shenzhen Stock Exchange with annual revenues of tens of billions of USD. The modules will be used to repair defects in modern, ultra-high resolution Flat Panel Displays (FPDs).
For XTPL, this marks the start of a several-year relationship that will significantly contribute to the goal of achieving PLN 100 million in commercial revenues in 2026 as part of the implementation of the 2023-2026 Strategy. “The order we have received is an outcome of the positive evaluation of our technology by our direct partner and the end client, based on prototype industrial device tests started in October 2024. XTPL is now becoming part of the multi-billion dollar value chain of the global manufacturer of advanced electronics, proving the industrial potential of the solution offered. We’ve been working on this accomplishment for the past 9 years. Now we can confirm our innovation on a global scale while significantly increasing the chance of success of subsequent industrial projects in our pipeline. We have a total of 9 such projects at the development stage, 3 of which are the most advanced as they are undergoing tests on a prototype industrial device and relate to key markets: USA, Taiwan and South Korea. We expect that the industrial implementation that we will be part of will be noted and recognized by players in the additive technology market and will have a positive impact on the dynamics of decision-making processes in other projects, including new ones, aimed at further industrial implementations of our technological solutions on global production lines of modern electronics” says Filip Granek in the Company’s announcement.
The Company has 9 projects underway aimed at industrial implementation of its technology. Having identified customer needs as part of those projects, development work is now under way. Assuming they are positively validated and fully implemented, the projects have a total potential estimated by the Company at around PLN 400 million in average yearly revenues over their respective lives.