A potential successful first industrial deployment will confirm the effectiveness of the company's technology and should influence interest in the offered technology by other commercial entities. According to published targets, the company aims to increase revenue to around PLN 100mn by 2026. The company plans to invest PLN 60mn by 2026 (PLN 36mn raised from a share issue in 2Q23, with the remainder from debt financing and its own funds) to increase production, sales and R&D capabilities.
Key industrial deployment projects
In the area of displays, work has been underway with HB Technology since late 2022 to apply XTPL technology to an end customer for use in next-generation ultra-high-resolution displays, including micro OLED display types. The end customer is a leading Flat Panel Display (FPD) manufacturer from South Korea. The partner's decision is preceded by an approx. 24-month validation period for XTPL's solution. In 1H23, another XTPL device was delivered for R&D-level technology validation to HB Technology for customization for the end customer.
