XTPL has achieved a milestone by implementing the first industrial deployment of its proprietary UPD (Ultra Precise-Dispensing) technology. The company has received an order for the initial batch of UPD modules (printing heads), which will be integrated into the production line of a leading Chinese display manufacturer listed on the Shenzhen Stock Exchange, with annual revenues in the tens of billions of USD. These modules will be used to repair defects in ultra-high-resolution FPD (Flat Panel Display) screens. For XTPL, this marks the beginning of a multi-year collaboration that significantly contributes to its strategic goal of achieving PLN 100 million in commercial revenues by 2026 under the 2023-2026 strategy.
Industrial Implementation Underway
The order was placed by Yi Xin Technology, XTPL’s official distributor in the Chinese market. The direct partner, a leading Chinese manufacturer of machines for FPD mass production, will receive six XTPL modules in the first half of 2025. These modules will subsequently be integrated into industrial devices deployed on the production line of a top-tier Chinese display manufacturer.
Filip Granek, CEO of XTPL, commented:
“The order for the first batch of UPD modules to be used in an industrial production line for advanced electronics marks a new chapter in XTPLâs development. After developing breakthrough technology and demonstrating its business potential with the Delta Printing System, we have built a strong pipeline of projects evaluated by global players for industrial applications. Today, we reach the most critical stage in the company’s history: industrial implementation in China. This opens the door to a long-term partnership and the first large-scale application of XTPL technology.”
A Decade of Preparation
This achievement results from nearly a decade of efforts. Testing began in October 2024 with a prototype industrial device, receiving positive validation from both the direct partner and the end customer. XTPL has become part of the multi-billion-dollar value chain of a global advanced electronics producer, demonstrating the industrial potential of its solution.
XTPL is currently pursuing nine industrial projects at various stages, including three advanced projects undergoing prototype testing in markets like the USA, Taiwan, and South Korea. This industrial implementation is expected to enhance XTPL’s visibility and accelerate decision-making in other ongoing and new projects.
Cutting-Edge UPD Technology
XTPLâs UPD technology enables the deposition of extremely small amounts of specialized materials with 1 ÎŒm precision on nearly any substrate, including PCBs, flexible surfaces, and 3D structures. The solution addresses challenges faced by modern advanced electronics manufacturing, offering a unique combination of miniaturization, high viscosity, and industrial readiness. The technology finds applications in semiconductors, displays, advanced integrated circuits, and biosensors.
For the Chinese display manufacturer, XTPLâs modules will help repair defects in ultra-high-resolution FPDs, such as those used in smartwatches and smart glasses. This is particularly valuable as high defect rates often limit production line efficiency. XTPLâs solution reduces waste, enhances productivity, and delivers financial benefits to manufacturers.
Strategic Implications for XTPL
According to Jacek OlszaĆski, CFO of XTPL:
“Delivering the first six UPD modules is an initial step in servicing industrial implementation for our Chinese client. By the end of H1 2025, we will deliver these modules to a leading Chinese manufacturer of FPD production machines. This client supplies approximately 100â150 industrial machines annually, some of which will incorporate our products. The ultimate scale and timeframe depend on the end customer’s decisions, but we anticipate at least several dozen modules over a multi-year period. Beyond direct sales, we expect additional revenue from service and consumables like HPM (High-Performance Materials) and nanomaterials, contributing significantly to our 2026 revenue target.”
Broader Market Impact
Yi Xin Technology, XTPLâs Chinese distributor since 2011, specializes in additive technologies and innovative solutions for printed electronics. It has already secured 10 orders for XTPLâs Delta Printing System between 2022 and 2024.
XTPLâs business model encompasses three complementary lines: UPD modules for industrial production, Delta Printing System prototyping devices, and High-Performance Materials (HPM). The company is also developing a new DPS+ device line to fill the gap between Delta Printing Systems and UPD modules.
Growth Potential in Strategic Markets
XTPL has nine industrial projects at advanced stages, with four focused on semiconductors and displays. Its key partners and customers include major global players, such as a leading Chinese FPD production machinery manufacturer, a top Taiwanese semiconductor producer, a South Korean FPD manufacturer, and a Nasdaq 100-listed industrial machinery producer in the USA.
Source: Manager Plus
