WROCLAW, Poland, April 24,
2024 /PRNewswire/ -- XTPL is conducting a fifth
sale of a module for industrial implementations. The end client is
a leading Chinese manufacturer of machinery for the Flat Panel
Display (FPD) industry. XTPL's relationship with the client was
launched by an official distributor of XTPL solutions in the
Chinese market, Yi Xin Technology. The initial evaluation process
for the technology spanned approximately five months. The module
intended for industrial integration is scheduled for delivery
within 3–5 months, which will be followed by the building of the
industrial prototype of a device with the XTPL module embedded in
it.
"In the coming months, we will deliver our module for
industrial implementation to a leading Chinese manufacturer of
testing and repair equipment used in the production lines of
advanced FPDs. Our partner's clients include leading
manufacturers of modern FPDs for the Chinese market, such as an
entity listed on the Shenzhen Stock Exchange with annual revenues
in the order of several tens of billion USD. This is our first sale
of a module to a partner in China
and, as a result, XTPL is currently overseeing four advanced
industrial implementation processes involving XTPL technology on
key markets for additive technologies: China, USA,
Taiwan and South Korea" says Filip Granek, CEO of XTPL S.A.
The XTPL industrial module is scheduled to be delivered to the
company's Chinese client within 3–5 months. Once delivered, the
XTPL module will be used in the process of building an industrial
prototype of the client's device. XTPL expects the process to be
completed by the end of 2024.
"The relationship with the Chinese partner was
established through our distributor in the Chinese market, Yi Xin
Technology. This is evidence that the international efforts of the
XTPL distributor network can not only yield orders for Delta
Printing System devices, but also industrial implementation
opportunities. The number of XTPL distributors has doubled in
recent months to 11 entities. We completed an initial successful
evaluation of our technology in record time in about five months,
and similar to the implementation carried out for the US Nasdaq 100
manufacturer of large industrial equipment, we also moved directly
to the fourth stage of evaluation and the construction of the
prototype of an industrial device" adds Filip Granek.
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SOURCE XTPL