XTPL is talking to entities that can support the commercialization of products in the USA

XTPL is in the process of talks with entities that can support the commercialization of the company’s products in the United States, CEO Filip Granek informed.

“We are in talks with entities that can support our commercialization of products in the United States, the direction of acquiring a distributor on this market is interesting for us,” said Granek during the GPW Innovation Day organized by GPW and CC Group. The ISBnews agency is the media partner of the event.

In 2022, XTPL sold the first device in the USA to a corporate client with the so-called Big Five. The President noted that the company has seen a high complexity and multi-stage nature of these implementation processes in recent years.

“We focus reliably on their development and this year we expect further good news that will bring us closer to our long-term goal, i.e. the implementation of XTPL technology on an industrial scale,” Granek emphasised.

“Regardless of latitude, customers do not decide to invest around 200,000 overnight. euro into our Delta Printing System prototyping device. These processes require evaluation and discussions. We run them on all key markets for us,” the president pointed out.

In Q1 2023, the company sold two devices to key partners and these were orders from last year.

“The vast majority of this year’s sales took place in March, and XTPL operates on 30-day payment periods,” summed up Granek.

XTPL develops and commercializes on the global market an additive technology enabling ultra-precise printing of nanomaterials. This technology will facilitate production of new generation displays, smart glass with advanced functionalities, innovative anti-counterfeiting security measures and photovoltaic panels with increased efficiency. Currently, XTPL commercializes its technology in the first two application fields: displays and smart glass. The company’s shares debuted on the main market of the Warsaw Stock Exchange in February 2019.

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