WROCLAW, Poland, April 17,
2024 /PRNewswire/ -- In H1 2024, XTPL will deliver
a second industrial module to its South Korean partner HB
Technology. The cooperation is targeted at the industrial
implementation of the XTPL technology on the production lines of
the end customer – a leading global manufacturer of FPDs (Flat
Panel Displays). The second order for the industrial module and the
construction of another prototype device are expected to accelerate
further tests of the XTPL technology, conducted concurrently at HB
Technology and at the end customer's facility. HB Technology,
listed on KOSDAQ in South Korea,
is a manufacturer of equipment for testing and repairing devices
for global display makers. Its customer base includes such names
as: Samsung Display Corporation or Beijing BOE Display
Technology.
End customers of XTPL projects which are at an advanced stage
are global entities responsible for the production of next
generation electronics, including one of the world's largest
producer of FPDs from South Korea,
a leading semiconductor manufacturer from Taiwan and Nasdaq 100-listed top US
manufacturer of industrial machines.
"The ordering of another industrial module will accelerate
further testing and the verification of compatibility of the XTPL
technology with the specific requirements of the end customer – one
of the world's largest display manufacturer. Please note that the
whole process of evaluating our technology together with HB
Technology and the end customer has been going on for about three
years now, and each interaction gives us valuable insights and
knowledge that we use to improve processes in our other industrial
projects. I believe that this will contribute to the acceleration
of subsequent implementations and in the perspective of our
2023–2026 Strategy will bring a 10-fold increase in revenues from
the sale of products and services to PLN 100 million by the end of
2026" says Filip Granek, CEO
of XTPL.
XTPL has three complementary business lines. These are printing
modules for industrial implementation on the production lines of
global manufacturers of electronics, the Delta Printing System
prototyping devices, and High Performance Materials. The Company
has a total of nine projects aimed at industrial implementation of
its technology, with a combined potential of around PLN 400 million
in average annual revenues. Four of those projects are at an
advanced stage of development, covering three strategic areas:
semiconductors, displays, advanced PCBs.
Logo -
https://mma.prnewswire.com/media/2377416/4627001/XTPL_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/xtpl-to-provide-another-industrial-module-for-hb-technology-302119562.html