XTPL has signed a TEA contract with another major player in the display market

XTPL signed Technology Evaluation Agreement with Suzhou Cowin Laser Technology Co Ltd.! Cowin is a supplier of display production devices for key players from this sector, such as BOE (revenue of USD 7.7 billion in H1 2019), CSOT (China Star Optoelectronics Technology) and Tianma (capitalization of USD 4.5 billion). The aim of signed TEA is to confirm the parameters of the technology commercialized by XTPL and to access the possibility of implementing it in the Chinese partner’s production processes.

Cowin is looking for a technology for repairing open defects in new generation displays, which it plans to implement in the devices it produces and to offer it to its clients.

Rejects on display production lines can reach up to 50% in the case of defects, especially where a new generation of displays enters production. The cost of a semi-finished product when it comes to displays amounts to 50–70% of the cost of the final product, so manufacturers cannot afford to give up repairing defects. In order to be able to implement this process efficiently, given the progressing miniaturization and simultaneous increase in the resolution of the new generation displays, they expect significantly higher precision from the repair method. That is why XTPL is on the technology maps of the leaders of this sector and establishes strong relationships with their suppliers, such as our new partner Cowin – says Filip Granek, the CEO of XTPL.