SANTA CLARA, Calif., Sept. 20, 2016 /PRNewswire/ -- Uni-Pixel, Inc. (NASDAQ: UNXL), a provider of advanced touch solutions to the touchscreen and flexible electronics markets, today announced it has been awarded an 11.6-inch laptop program from an existing customer directed to the consumer market. The new device will feature UniPixel's leading-edge XTouch touchscreen sensors and Diamond Guard hardcoat to maximize touchscreen responsiveness and seamlessly support the Microsoft Pen protocol. This marks the 22nd program awarded to UniPixel since the beginning of calendar 2016.
Jeff Hawthorne, president and chief executive officer of UniPixel, said, "As end user consumers are increasingly demanding high-end touchscreen and active stylus capabilities, we believe that our products squarely address the evolving needs of the consumer market. Our copper metal mesh sensors enhance touchscreen and stylus responsiveness by offering significantly lower sheet resistance than the indium tin oxide technology currently in broad adoption. The flow of design awards received to date indicates to us that the market is moving toward our technology as touchscreen and active pen continue to proliferate on their way to becoming industry standards."
Mr. Hawthorne continued, "This design win represents the 22nd total program awarded to UniPixel so far this year. Of those 22 this is the sixth consumer program awarded to UniPixel in calendar 2016. These consumer awards have the potential of larger volumes and we are pleased that our major device manufacturing customers are integrating UniPixel's XTouch and Diamond Guard technologies into their next generation devices."
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 26 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.