Unveiling XTPL's Business Model: Pioneering Ultra Precise Deposition Technology
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XTPL – Business model
XTPL is an international company that is expanding in the printed electronics market and providing innovative technology to global manufacturers. The company was founded in 2015 and filed its first patent application in 2016. The technology enables efficient production of nextgeneration devices.
XTPL seeks to commercialize its UDP (Ultra Precise Deposition) technology by accelerating sales of printers to customers (mainly research centers and universities) and conducting industrial deployment projects (the most significant part of the business in terms of revenue development in subsequent periods).
The company has completed the start-up phase of the business (technology development phase) and has now started commercializing the solutions offered while conducting further technology development.
In the current phase, in addition to the current sales of equipment, projects are being conducted with external partners to demonstrate the applications of the developed technology and, ultimately, industrial implementation.
As of the end of 1Q23, there were nine projects underway at least at Stage 2, which the company refers to as Technology Evaluation/Development work on the XTPL side. Two of the mentioned projects are in Stage 3 (technology validation by partner), and one is in Stage 4 (design of prototyping tool).
Success in the various stages of industrial deployments does not guarantee industrial implementation, but the significant advancement of individual projects increases the chances of commercialization of some of them in 2024.
In addition, a certain signal confirming the effectiveness of the technology offered by XTPL is that it was selected by a Big Five ICT (Information Communication Technologies) company after doing a quality evaluation of competing solutions (XTPL's solution obtained much better quality parameters).
