XTPL to provide another industrial module for HB Technology

Issuer: XTPL S.A. / Key word(s): Agreement
XTPL to provide another industrial module for HB Technology

17.04.2024 / 13:28 CET/CEST
The issuer is solely responsible for the content of this announcement.

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XTPL to provide another industrial module for HB Technology

In H1 2024, XTPL will deliver a second industrial module to its South Korean
partner HB Technology. The cooperation is targeted at the industrial
implementation of the XTPL technology on the production lines of the end
customer - a leading global manufacturer of FPDs (Flat Panel Displays). The
second order for the industrial module and the construction of another
prototype device are expected to accelerate further tests of the XTPL
technology, conducted concurrently at HB Technology and at the end
customer's facility. HB Technology, listed on KOSDAQ in South Korea, is a
manufacturer of equipment for testing and repairing devices for global
display makers. Its customer base includes such names as: Samsung Display
Corporation or Beijing BOE Display Technology.

End customers of XTPL projects which are at an advanced stage are global
entities responsible for the production of next generation electronics,
including one of the world's largest producer of FPDs from South Korea, a
leading semiconductor manufacturer from Taiwan and Nasdaq 100-listed top US
manufacturer of industrial machines.

"The ordering of another industrial module will accelerate further testing
and the verification of compatibility of the XTPL technology with the
specific requirements of the end customer - one of the world's largest
display manufacturer. Please note that the whole process of evaluating our
technology together with HB Technology and the end customer has been going
on for about three years now, and each interaction gives us valuable
insights and knowledge that we use to improve processes in our other
industrial projects. I believe that this will contribute to the acceleration
of subsequent implementations and in the perspective of our 2023-2026
Strategy will bring a 10-fold increase in revenues from the sale of products
and services to PLN 100 million by the end of 2026" says Filip Granek, CEO
of XTPL.

XTPL has three complementary business lines. These are printing modules for
industrial implementation on the production lines of global manufacturers of
electronics, the Delta Printing System prototyping devices, and High
Performance Materials. The Company has a total of nine projects aimed at
industrial implementation of its technology, with a combined potential of
around PLN 400 million in average annual revenues. Four of those projects
are at an advanced stage of development, covering three strategic areas:
semiconductors, displays, advanced PCBs.

Mardoniusz Makowiak cc group

+48 605959539 mardoniusz.mackowiak@ccgroup.pl


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