SANTA CLARA, Calif., May 17, 2016 /PRNewswire/ -- UniPixel, Inc. (NASDAQ: UNXL), a provider of advanced touch solutions to the touchscreen and flexible electronics markets, today announced its 15th design win in 2016 for a 2-in-1 convertible laptop targeted for the education market by an existing customer.
The device will be an 11.6-inch 2-in-1 convertible notebook that will leverage XTouch metal mesh touch sensor technology to deliver superior active stylus performance. The program is expected to enter production in late fourth quarter 2016. The announcement of this new product win, plus the 3 programs originally acquired from Atmel, and the one product announced late in 2015, brings to 19 the total number of programs awarded to UniPixel. The 2-in-1 category is a fast growing market opportunity for UniPixel since these versatile and lightweight devices all feature stylus capabilities that play to the XTouch sensor strengths. UniPixel now has 10 wins for 2-in-1 devices.
Jeff Hawthorne, president and chief executive officer of UniPixel, said, "We continue to gain traction in having our products included in the next wave of computing devices coming to market. With stylus use becoming more important to technology end-users, our XTouch and Diamond Guard technologies deliver superior stylus performance while enabling some of the thinnest and lightest new products coming to market. We are pleased that our products are increasingly gaining acceptance by PC manufacturers worldwide."
UniPixel, Inc. (NASDAQ: UNXL) develops and markets Performance Engineered Films for the touch screen and flexible electronics markets. The company's roll-to-roll electronics manufacturing process patterns fine line conductive elements on thin films. The company markets its technologies for touch panel sensor, cover glass replacement, and protective cover film applications under the XTouch™ and Diamond Guard™ brands. For further information, visit www.unipixel.com.
All statements in this news release that are not based on historical fact are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the statements that the programs discussed in this news release will enter production during the fourth quarter of 2016 and that the Xtouch™ and Diamond Guard™ technologies will continue to gain acceptance world wide. Such statements contain words such as "will," and "expect," or the negative thereof or comparable terminology. These statements are based on management's current expectations. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of UniPixel's control, that could cause actual results to materially differ from such statements. These risks, uncertainties, and other factors include, but are not necessarily limited to, the ability to extend product offerings into and compete successfully new areas or products, the ability to compete in our currents markets, the ability to commercialize licensed technology, unexpected occurrences that deter the "bring to market" plan for products, trends and fluctuations in the industry, changes in demand and purchasing volume of customers, our ability to attract and retain qualified personnel, our ability to raise additional capital, the ability to move product sales to production levels, the success of product sales in new markets or of recently produced product offerings, the ability to enforce our intellectual property rights and those set forth under Item 1A "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2015 and other current and periodic reports filed or furnished from time to time with the SEC. All forward-looking statements in this press release are made as of the date hereof, based on information available to UniPixel as of the date hereof, and UniPixel assumes no obligation to update any forward-looking statement.
Trademarks in this release are the property of their respective owners
Joe Diaz, Robert Blum, Joe Dorame
Lytham Partners, LLC
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SOURCE UniPixel, Inc.