XTPL to build an industrial prototype device with China's leading
manufacturer of machinery for the FPD industry

Issuer: XTPL S.A. / Key word(s): Agreement/Incoming Orders
XTPL to build an industrial prototype device with China's leading
manufacturer of machinery for the FPD industry

24.04.2024 / 09:12 CET/CEST
The issuer is solely responsible for the content of this announcement.

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XTPL to build an industrial prototype device with China's leading
manufacturer of machinery for the FPD industry

XTPL is conducting a fifth sale of a module for industrial implementations.
The end client is a leading Chinese manufacturer of machinery for the Flat
Panel Display (FPD) industry. XTPL's relationship with the client was
launched by an official distributor of XTPL solutions in the Chinese market,
Yi Xin Technology. The initial evaluation process for the technology spanned
approximately five months. The module intended for industrial integration is
scheduled for delivery within 3-5 months, which will be followed by the
building of the industrial prototype of a device with the XTPL module
embedded in it.

"In the coming months, we will deliver our module for industrial
implementation to a leading Chinese manufacturer of testing and repair
equipment used in the production lines of advanced FPDs. Our partner's
clients include leading manufacturers of modern FPDs for the Chinese market,
such as an entity listed on the Shenzhen Stock Exchange with annual revenues
in the order of several tens of billion USD. This is our first sale of a
module to a partner in China and, as a result, XTPL is currently overseeing
four advanced industrial implementation processes involving XTPL technology
on key markets for additive technologies: China, USA, Taiwan and South Korea"
says Filip Granek, CEO of XTPL S.A.

The XTPL industrial module is scheduled to be delivered to the company's
Chinese client within 3-5 months. Once delivered, the XTPL module will be
used in the process of building an industrial prototype of the client's
device. XTPL expects the process to be completed by the end of 2024.

"The relationship with the Chinese partner was established through our
distributor in the Chinese market, Yi Xin Technology. This is evidence that
the international efforts of the XTPL distributor network can not only yield
orders for Delta Printing System devices, but also industrial implementation
opportunities. The number of XTPL distributors has doubled in recent months
to 11 entities. We completed an initial successful evaluation of our
technology in record time in about five months, and similar to the
implementation carried out for the US Nasdaq 100 manufacturer of large
industrial equipment, we also moved directly to the fourth stage of
evaluation and the construction of the prototype of an industrial device"
adds Filip Granek.

Mardoniusz Makowiak cc group

+48 605959539 mardoniusz.mackowiak@ccgroup.pl


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