XTPL completed the first stage of the technological phase under the contract with Nano Dimension

XTPL has completed the first phase of development work as part of the technology phase of activities set out in its contract with Nano Dimension, the company said. The contract concerns the development of a special electrically conductive ink formulation for industrial applications in customer products aimed at the production of PCBs.

“According to the agreement, the completion of the first stage of the technological phase and its acceptance by the client means the launch of the first payment tranche. Revenues on this account will be recognized in the second quarter of 2022 and will significantly affect the financial results in this period. Thus, the issuer starts the next stage of works as part of the technological phase defined in the contract, aimed at developing a dedicated nanoink formulation. The agreement concluded by the issuer and Nano Dimension provides for a total of four main stages in the technological phase, ”reads the release.

XTPL develops and commercializes on the global market additive technology enabling ultra-precise printing of nanomaterials. This technology will facilitate, among others production of new generation displays, intelligent glass with advanced functionalities, innovative anti-counterfeit security measures or photovoltaic panels with increased efficiency. Currently, XTPL is commercializing its technology in the first two application fields: displays and smart glass. The company's shares made their debut on the WSE main market in February 2019.

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