XTPL S.A.
XTPL S.A. (WSE: XTPL), a global supplier of breakthrough nanoprinting solutions for the world's electronics market, strengthens cooperation with nScrypt Inc. by concluding a license agreement. NScrypt is a US manufacturer of microdispensing, 3D manufacturing and biomanufacturing equipment for industrial applications. XTPL's Ag Nanopaste CL85 will be added to nScrypt's product offer and will be marketed to nScrypt's production system users from medical device, defense and space sectors. Since 2002, Orlando, Florida-based nScrypt has designed and manufactured high-precision microdispensing equipment for printed electronics, electronics packaging, solar cell metallization, communications, 3D printing and bioprinting. Its customers include US technology corporations, military, academic and research institutes, government agencies and national labs. NScrypt technological solutions are used by manufacturers from the medical, defense and space sectors. In 2003, the US manufacturer marketed its nScrypt BAT Series Bioprinters, which became one of the firm's flagship products. In July 2019, one of the devices was launched to the International Space Station as part of a NASA mission. XTPL's Ag Nanopaste CL85 will be the first product to be offered as part of the cooperation between the companies. A license agreement has been signed for this purpose. Along with nScrypt's technological equipment, XTPL's nanopaste will be used for the development of new generation printed electronics. "Quality and performance are key for us and our customers. These are the features we see in Nanopaste CL85 developed and produced by XTPL. Implementing the XTPL nanopaste into our deposition systems will allow fine features to be printed, down to 25 microns, with high aspect ratios. This will also allow more electrical current to be carried in a microscopic line. XTPL's nanopaste can also be sintered at temperatures almost 4 times lower than in a standard low temperature process, and still achieve the same conductive performance. These advantages will provide our customers with new possibilities for next generation printed electronics made with our 3D manufacturing systems. We expect our defense, space, and medical device customers to have great interest in these high performing materials," says nScrypt's CEO, Ken Church (PhD). The parties had trade cooperated for many months before the agreement was signed. The process started in 2021 and included evaluation of XTPL's products by nScrypt for selected nScrypt customers. The very good results of the nanopaste's evaluation, carried out by the nScrypt's R&D team for its selected customers, confirmed the uniqueness of the XTPL solution. "We are happy that our Ag Nanopaste CL85 has gained the attention of such an acknowledged company as nScrypt. This is another confirmation of the due foundations of conductive materials created by our Company. By working together, our product will undergo further market exploration supporting the development of new-class electronics. As a result, our unique metallic nanoinks will be offered to advanced users not only in the huge US market. This will also be another source of income that will help us pursue greater scale. Recently, we have been extending our activities in the domain of ink and paste development for printed electronics. By creating formulations of conductive materials for our UPD method, we develop products that can also be used in other printing methods. In this way, we are constantly diversifying our range of nanoinks. Thanks to this approach, we were able to start cooperation with nScrypt using the ready-made product tried and tested by many of our customers. This will drive further development of the XTPL nanoinks line and stimulate the growth of our business," says Filip Granek, CEO of XTPL S.A. (PhD) NANOINKS AS ONE OF THE THREE BUSINESS LINES OF XTPL Since the beginning of commercialization of its proprietary inks, the Company has completed 30 individual orders for industrial and scientific clients from Europe, the USA and EMEA. Currently, XTPL's R&D team is also working on new formulations, including solutions based on copper and gold nanoparticles. At the same time, in January this year XTPL announced that it had entered into an agreement with the NASDAQ-listed Israeli company Nano Dimension Ltd. Under this collaboration, XTPL and Nano Dimension will focus on the development of new high conductivity and high performance nanoink for industrial applications in Nano Dimension's products designed for PCB production. The Company expects to receive first revenues from this source by the end of 2022. According to the data published in the Nano Silver Inks Market - Forecasts from 2019 to 2024 (Knowledge Sourcing Intelligence LLP), the estimated size of the market of conductive inks based on silver nanoparticles may reach USD 52.38 million in 2024 (18.83% CAGR in 2018-2024). The market is buoyed by the growing use of electronics in the rapid urbanization processes, miniaturization of electronic components, as well as by the possibility of reducing production costs while maintaining high electrical conductivity and efficient manufacturing in line with environmental protection standards. XTPL develops and commercializes three complementary and at the same time independent business lines: Delta Printing System prototyping devices, conductive nanoinks and EPSILON printing heads intended for industrial implementations on the production lines of new generation global electronics manufacturers. All the specified technological solutions are based on the Company's technology of printing conductive structures. The 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. In 2020, the value of the rapidly growing printed electronics market 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 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. Additional information is available from:
End of Media Release Issuer: XTPL S.A. Key word(s): Research/Technology
05.04.2022 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG. |
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