Chinese BOE to explore technology of XTPL

The printing technology of the Polish company will be tested by BOE, a Chinese giant in the production of displays.
“BOE has shown interest in our technology. The contract deals with its evaluation, i.e. the preliminary testing of how exactly our solutions work in conjunction with the technological challenge defined by BOE. This is a complex process, but keep in mind that commercialization in the case of ‘deep tech’ is a complex and multi-stage process,” Filip Granek, president and largest shareholder of XTPL, explained.
XTPL emphasized that formally the contract concerns “conducting technology evaluation” (TEA - Technology Evaluation Agreement).
After the first half of the year, XTPL had revenues of PLN 1.59 million and PLN 16.58 million net loss, which was largely due to the settlement of the incentive program costs of PLN 11.5 million. The report for Q3 is expected to appear at the end of November.

(Puls Biznesu)