Title: Patent approval by US Patent and Trademark Office.
Legal basis: Article 17 (1) MAR - confidential information.
Content of the Report:
The Management Board of XTPL ("Issuer", "Company", "XTPL") herebyreports that on December 12th, 2023 it received information about theapproval of a patent by the United States Patent and Trademark Office.The patent was granted in response to the patent application "Method offorming an elongate electrical connection feature traversing amicroscopic step".
The application procedure for this patent was initiated on August 2nd,2023. This is also the date when patent protection started for theinvention. The final formal requirement for obtaining the patent is topay the patent fee. Should the requirement not be met, the Company willcommunicate this in a separate current report.
The Company's portfolio currently includes 29 patent applications and atotal of 27 patents granted. The increase in the number of patents, fromthe previously reported 9 patents, is the result of a change in countingmethodology - now, obtaining protection for a given invention is countedfor each location (country) separately.
The patent protection will increase the value of the potentialcommercialization of the Company's technology with respect to theIssuer's technological solutions for the next generation electronicsmarket. The reported event confirms continued delivery of the Company'sstrategy of building a patent cloud for its proprietary technology andproducts, which will contribute to building the Issuer's credibilityamong potential industrial clients.
In view of the above, and considering the confirmation of uniqueness ofthe Company's technological solutions, and then the outlook for theIssuer's perception by investors, the Issuer's Management Board hasdecided that the conditional decision to grant the patent to the Companyshould be deemed inside information. For this reason, in the opinion ofthe Management Board, the information meets the criteria set out inArticle 7(1) of the MAR.