XTPL Debuts on the WSE on 20th of February
XTPL, the company developing a disruptive nanoprinting technology, is going to make its debut on the main market of the Warsaw Stock Exchange. The company wants to attract interest from new institutional investors, both international and domestic, who invest in globally groundbreaking innovations. The next step will be to seek dual listing on the Open Market in Frankfurt.
20 February 2019, the date of XTPL’s first listing on the WSE, is just over a dozen months since the company’s debut on the New Connect market. During this time, the company has won investors’ trust. XTPL debuted with a capitalization of slightly over PLN 100 million and now is moving to the main market of the WSE with a capitalization of more than PLN 300 million. This was also a period of continued efforts that included setting up operational structures both in Poland and the United States, developing a pipeline of commercialization projects and building up the patent cloud, which is an essential part of the company’s value.
– The debut on the WSE is another phase of our development. We are building a company with global ambitions. The XTPL’s cost-effective, simple and therefore easily scalable technology can completely change the way certain industries operate. Our solutions will make it possible to use the advantages of print in manufacturing of advanced electronics. By that I mean, in the first place, the market of displays and semiconductors, and the relatively new, but rapidly growing, smart glass market. Commercialization of nanoprinting will help reduce the barrier of access to technologically advanced devices. They will become more effective and cheaper at the same time. This will trigger a series of changes, which I trust will be most positive. Not only technological, but also social and economic changes – said Filip Granek, PhD, CEO and co-founder of XTPL, recently awarded as the EY Entrepreneur of the Year 2018 for his work on the groundbreaking technology that has a serious chance to change the world for the better.
– XTPL is a unique company – from the start targeting a global product, on a big scale. When I look at this company from the inside, I can see it has a huge potential, both people and technology to take the position of a global leader in its field. What’s needed here is capital and perseverance. However, I have absolutely no doubt that XTPL is a business which – if it takes off commercially – will bring a big reward for the investors. Certainly, you need to remember that such undertakings where the stakes are highest, take time and patience. One thing is for sure: XTPL will be the most technologically advanced company on the WSE – adds Wiesław Rozłucki, co-founder and former president of the Warsaw Stock Exchange, currently the Chairman of XTPL Supervisory Board.
XTPL’s huge market potential has attracted significant investors to the company well ahead of its WSE debut. Its shareholding structure already includes two recognized German investment funds – Acatis Investment and Heidelberger Beteiligungsholding. In total, these investors currently hold more than 18% of the company’s shares, and – which is particularly noteworthy – invested in XTPL twice: first in 2017, and then in 2018. With the last stock issues to those investors, the company raised EUR 2.05 million.
XTPL is also an international team, with personalities from the Polish and international business (including the advisory board members: Harold Hughes, the former CFO of Intel and CEO of Rambus and Amir Nayyerhabibi, partner at Benhamou Global Ventures, VC fund based in Silicon Valley and ex-manager at such firms as Cisco and Intel). Last year, the company completed several very demanding proof-of-concept projects, including for partners – potential clients – from the smart glass and semiconductor sectors.
– This allowed us to confirm the advantages of XTPL solutions in relation to other methods currently in use, and enabled us to gain high technological credibility. In this way, the company has laid solid foundations for its commercialization activities in the United States, which should be followed by signing contracts. This is one of the reasons why the company is steadily building up the potential of its organizational structures in California. Just now works are being finalized to launch XTPL’s daughter company with its office in Silicon Valley – says Maciej Adamczyk, Management Board member and COO of XTPL.
XTPL intends to commercialize its solutions in the form of dedicated printing heads and precisely adjusted nanoinks. XTPL’s key objective is to implement nanoprinting solutions adapted to market needs and addressed to selected sectors, mainly in the area of printed electronics as mentioned above.
– As innovators in nanoprinting, we have the opportunity to strongly influence progress in many industries. Today, technologies that change the world can be developed everywhere. Truly groundbreaking solutions know no borders, and I’m proud that our technology has originated in Poland. At the same time, we’re all aware that breakthrough technologies are addressed to global giants, and it is global market where we wish to operate – consistently, bravely and without any complexes. XTPL has all it takes to achieve this – Filip Granek emphasizes.