25/03/21

XTPL S.A. acquires a business partner in South Korea

XTPL S.A., a global leader of ground-breaking nanoprinting solutions for the global electronics market, has established cooperation with Bandi Consortia to support the commercialization of XTPL technology on the Korean market.

The Korean partner will officially represent XTPL and strengthen the introduction of the XTPL technology offering into the FPD (flat panel display) and semiconductor industry on the local market. Bandi Consortia was founded by highly experienced experts in semiconductors, displays and management of commercialization process of new technologies.

“We are very happy about the collaboration with Bandi, whose advantage is strong technological expertise and long-lasting relationships built on the Korean market of displays and semiconductors. Bandi Consortia collaborates closely with technology companies with the most promising solutions for the future technological developments in the given markets. The team at Bandi worked closely with the most esteemed giants of the electronics market, so they know this business inside out. Bandi has a proven track record of successfully navigating the market, so they are very well-positioned to be an ambassador for XTPL and accelerate our commercialization process in the key sector region and sector for us.”, said Filip Granek, CEO of XTPL S.A.

“The essence of our business is to identify most promising technological solutions and to introduce these to our FPD and semicon industrial players in Korea. We see lots of potential for the unique technological solution of XTPL in these markets. Our focus will be to provide support for commercialization processes for XTPL in Korea. The rapid progress in the area of innovative technologies, powered by such companies as LG and Samsung and their respective industrial ecosystem, provides an excellent match to the XTPL offerings. Besides the XTPL global technological uniqueness and high intellectual property strength, we also see great potential in the team that has knowledge and ambition to conquer this huge market. We stand ready to support the Company’s activities in our region”, says Jun Souk, CEO of Bandi Consortia.

The companies started their first joint project in 2020. As a result, XTPL is involved in advanced technology evaluation for of the world’s leading supplier of industrial tools in the FPD industry.

“We are already jointly involved in a significant project in FPD industry in Korea. Bandi supports the project locally. The technological capabilities of XTPL were very well received by the customer and allowed intensification of the collaboration. Understandably, the final decision as to the choice of presented technologies belongs to the end buyer, and we are looking forward to the next evaluation stages in this process.”, Filip Granek explained.