DGAP-News: XTPL S.A.: Debuted on the Warsaw Stock Exchange
14.03.2019 (www.4investors.de) -
DGAP-News: XTPL S.A. / Key word(s): Strategic Company Decision
XTPL S.A.: Debuted on the Warsaw Stock Exchange
14.03.2019 / 10:43
The issuer is solely responsible for the content of this announcement.
XTPL, the company developing a disruptive nanoprinting technology, has just debuted on the WSE. "Go big or go home" - emphasizes Filip Granek, the company's CEO - and announces intensification of the commercialization efforts already going on in the United States through the recently formed XTPL Inc. as well as possible dual listing on one of the Western European stock exchanges.
XTPL made its debut on the WSE merely after several months on NewConnect (alternative trading market to WSE). During this time, the company has won investors' trust and has more than tripled its capitalization. This was also a period of intensive business and R&D activities. The company has built a solid pipeline of projects and expanded its patent cloud, thus confirming globally groundbreaking nature of the technology it develops. Now, thanks to the recently founded XTPL Inc., the company is going to strengthen its presence in the United States.
- As we are entering the main trading floor of the WSE, we want to open ourselves to a new group of domestic and foreign investors. We aim to act globally and take advantage of internationally acquired knowledge and experience. Hence, for example, the decision to set up a subsidiary in Silicon Valley. "Go big or go home", as the Americans say. The company's debut does not mean we have reached the ultimate success. Our compass remains the same - we will keep our focus on XTPL's continuous growth. We will strive to have the best specialists in our midst, building up our business based on the "best of the best" principle. - explained Filip Granek, CEO and co-founder of XTPL.
For the last several months, the commercialization efforts in the United States have been actively supported by strong names from the Silicon Valley ecosystem, including Harold Hughes, the former CFO of Intel and CEO of Rambus and Amir Nayyerhabibi, partner at Benhamou Global Ventures. Both managers entered the Board of Directors of the US entity - XTPL Inc. - which aim is to provide access to the local talent base in the field of nanotechnology as well as to drive business development of the company in this area.
- The US market is a place on which hi-tech companies should learn to operate on their way to global success. In Silicon Valley, the "thinking big" approach is an everyday job and XTPL has all the ingredients to be a part of US ecosystem - advanced technology, highly skilled team and goal-oriented mindset. XTPL, with little funding, achieved something unique, something that - with such resources - probably would not be possible to replicate in the US. - says Amir Nayyerhabibi, XTPL Inc. Board of Directors member.
XTPL intends to offer two product lines based on the developed technology: printing heads and dedicated nanoinks. The company's solutions will be mainly addressed to the industry, namely to manufacturers of devices for the production of advanced electronics. IDTechEx estimates the value of this market at a significant USD 70 billion already in 2026.
- I was impressed by XTPL's technology. The company's achievements result from the hard work of its entire team. Quite importantly, commercialization and business matters for them are as important as the scientific ones. This gives me - as an investor - the feeling that I've a reliable partner who stands firmly on the ground - said Dr Hendrik Leber, managing director of Acatis Investment, which controls more than 7% of XTPL shares.
The vast potential of the WSE-listed company and the technology it develops have been confirmed by two major players from the German capital market. The above mentioned Acatis Investment as well as the fund Heidelberger Beteiligungsholding ( a subsidiary of Deutsche Balaton Group AG) invested in XTPL twice (in 2017 and 2018). Currently those investors control together more than 18% of XTPL shares. Recently secured funds of over EUR 2 million, raised through the private issues of shares to these entities, will partially secure further commercialization of XTPL's ultra-precise printing technology.
- We appreciate the fact that investors share our vision - in 2018, XTPL turned out to be the best investment on the Polish capital market. After the debut on the WSE, we want to take another important step. In the upcoming months, we are considering listing on one of the Western European stock exchanges, including Open Market at Deutsche Börse in Frankfurt - explains Maciej Adamczyk, XTPL's Management Board member and COO.
XTPL is a company developing and commercializing on a global market innovations in additive manufacturing that enable ultra-precise printing of nanomaterials. Unique XTPL printing system allows for precise deposition of an in-house formulated nanoink on a variety of substrates. Shape, length and spatial density of the micron-scale features obtained using our method (from 1um) are all customizable and can be adapted to a number of industrial and research applications. The technology will facilitate the production of e.g. monitors, touch screens, photovoltaic cells & displays - where XTPL can deliver breakthrough technology for open-defect repair (repairing of broken, extremely fine metallic connections in electronic circuits) and precise quantum dots dispensing. XTPL solution may also serve as the sought-after alternative for photolithography used, among others, in the semiconductors sector. The company aims to provide unique printing heads - designed & dedicated for a specific application field - as well as compatible, precisely adjusted nanoinks. Technological innovation developed by XTPL has every potential to first revolutionize and after to become a standard in many selected areas of printed electronics sector. Just as today we cheaply and quickly print newspapers and books, in the near future we will print displays, solar cells, biosensors and other advanced elements. This is not just a vison anymore. This is fast upcoming reality. To find out more, please visit xtpl.com.
14.03.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de