Legal Proceedings Report • Dec 11, 2024
Legal Proceedings Report
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Report Content 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 6 December 2024 it received the notice of allowance andinformation related to allowed claims issued by the United States Patentand Trademark Office. The patent application has been examined and isallowed for issuance as a patent for an invention "Methods of detectingand adjusting contact of a micro-structural fluid ejector to a substrateand method of detecting a fault condition in fluid flow from amicro-structural fluid ejector onto a substrate".
The application procedure for this patent was initiated on 14 April2020. This is also the date when patent protection started for theinvention. The final formal requirement for obtaining the patent is topay the necessary fee. Should the requirement not be met, the Companywill communicate this in a separate current report.
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 notice of allowance and information related to allowedclaims should be deemed confidential information. For this reason, inthe opinion of the Management Board, the information meets the criteriaset out in Article 7(1) of the MAR.
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