SANTA CLARA, Calif., Sept. 27, 2016 /PRNewswire/ -- UniPixel, Inc. (NASDAQ: UNXL), a provider of advanced touch solutions to the touchscreen and flexible electronics markets, today announced it has been awarded a 14-inch consumer market laptop program from an existing customer. UniPixel's XTouch touchscreen sensors and Diamond Guard hardcoat will be featured in the new device to maximize touchscreen responsiveness and seamlessly support the Microsoft Pen protocol. This marks the 23rd program awarded to UniPixel since the beginning of calendar 2016.
Jeff Hawthorne, president and chief executive officer of UniPixel, said, "The active order pipeline for 2017 continues to build with the award of this new consumer market laptop program. Given there is a six- to nine-month time frame for a design win to translate into revenue, we believe that this increased pipeline is an important step toward generating more consistent revenue growth. Winning this order brings to seven the number of consumer design wins and 23 total design wins since the beginning of 2016. The growing number of design wins gives us increased confidence that the market is moving toward our technological strengths as end-user consumers increasingly demand high-end touchscreen and active stylus capabilities."
Mr. Hawthorne concluded, "We believe that the Microsoft Surface Pro product is igniting an evolution, in both the commercial and consumer markets, in expanding the capabilities of pen/stylus usage on computing devices that will expand the possibilities of end-users to do things that were previously not possible. We believe that our products can directly address the evolving needs of these markets."
Volume production for this program is expected to commence in the second quarter of calendar 2017. The announcement of this new product win, plus the programs originally acquired in the April 2015 acquisition, the others awarded this year and the one product announced late in 2015, brings to 27 the total number of computing devices for which the UniPixel touch sensor provides the touch experience and stylus writing experience in tablets, notebooks and 2-in-1 laptops.
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 regarding future revenues and estimated dates of production. 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 in 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.
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Joe Diaz, Robert Blum, Joe Dorame
Lytham Partners, LLC
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SOURCE UniPixel, Inc.