XTPL Secures Additional Order from HB Technology for Industrial Module

XTPL S.A. announced it will deliver a second industrial module to HB Technology in the first half of 2024. This follows a previous delivery, reinforcing the ongoing partnership aimed at integrating XTPL's technology into the production lines operated by HB Technology’s end customer - a leading global manufacturer of Flat Panel Displays (FPDs).

This new order is set to hasten further testing and prototyping, needed to meet the specific requirements of their shared end customer. The collaboration between XTPL, HB Technology, and the end customer has been active for approximately three years. HB Technology, a company listed on KOSDAQ, specializes in providing testing and repair equipment for major global display producers such as Samsung Display Corporation and Beijing BOE Display Technology.

XTPL's technology is being evaluated for its compatibility and efficacy in enhancing the production processes of pioneering electronics, including significant FPD manufacturers. Company CEO, Filip Granek, expressed that success in this collaboration could significantly boost XTPL’s revenue and accelerate other industrial projects planned until 2026.

The Company operates three complementary business streams focused on the integration of its technology across different aspects of electronic manufacturing. Notably, XTPL is involved in nine major projects, with the potential to generate substantial revenue and significantly impact industries such as semiconductors, displays, and advanced PCBs.