Core Viewpoint - The company, Xingyuan Material (300568.SZ), is advancing its flexible sensing technology through a partnership with Hangzhou Huigan, focusing on the development of flexible electronic skin for humanoid robots, indicating a strategic move into robotics applications [2]. Group 1: Company Developments - The company’s lithium-ion battery separator products are widely used in various sectors, including new energy vehicles, energy storage stations, electric bicycles, aerospace, and medical environments [2]. - The partnership with Hangzhou Huigan is progressing smoothly, with the latter having developed multiple versions of flexible electronic skin over the past five years [2]. Group 2: Industry Applications - The flexible electronic skin technology is aimed at enhancing safety, compliance, and intelligent interaction in humanoid robots, with future applications planned in industrial robots, special robots, and service robots that have arm structures [2].

Company Overview - Shenzhen Modulus Technology Co., Ltd. has completed a multi-million angel round financing led by Denning Capital, with funds primarily allocated for product development, market promotion, and team building [1] - Founded in late 2024, the company focuses on multi-modal multi-dimensional tactile sensing technology and tactile model research and application, with products including robotic touch, industrial pressure distribution detection, flexible fabric sensors, and flexible film sensors [1][3] Technology and Product Development - The company’s self-developed technology is driven by the rapid growth of consumer electronics, healthcare, industrial automation, and emerging humanoid robotics industries, leading to increased demand for tactile and flexible sensors [3] - Modulus Technology addresses core issues in the flexible sensing industry, such as insufficient range and sensitivity, by developing high-sensitivity materials and micro-structural processes, achieving a maximum pressure range of 20 MPa and linearity of 99.9% [4][5] - The company has established a full-stack R&D capability, covering sensor materials, hardware, algorithms, and systems, facilitating sensor data collection, calibration, and software analysis [4] Market Applications - The core products include robotic touch and industrial pressure distribution detection, serving clients in humanoid robotics, dexterous hands, and mechanical arms, as well as providing real-time digital solutions for pressure distribution monitoring in industries like lithium batteries and 3C manufacturing [5][6] - Modulus Technology is also developing flexible fabric sensors for applications in smart cabins, smart mattresses, smart pillows, and smart clothing [5] Team and Expertise - The company has a team of nearly 20 people, with over 80% in R&D, covering key areas such as algorithms, hardware, software, and sensors [6] - The founder has extensive experience in supply chain collaboration and investment in the smart wearable sector, while co-founders possess backgrounds in polymer materials, electronic ink, and flexible sensor research [6] Investment Perspective - Denning Capital views robotic tactile sensors as essential components for robots to perceive their environment, with significant application value in humanoid robots and dexterous hands, as well as potential in 3C and new energy manufacturing [7] - The investment firm believes that the future of the sensor industry lies in multi-modal sensor integration and AI-driven sensor intelligence, aligning with Modulus Technology's business direction [7]