SANTA CLARA, Calif., Sept. 12, 2016 /PRNewswire/ -- UniPixel, Inc. (NASDAQ: UNXL), a provider of advanced touch solutions to the touchscreen and flexible electronics markets, today announced the 21st design win awarded to the Company since the beginning of calendar 2016. The Company has been awarded a 13.3-inch laptop program from an existing customer directed to the consumer market. The new device will include UniPixel's leading-edge XTouch touchscreen sensors and Diamond Guard hardcoat to maximize touchscreen responsiveness and seamlessly support the Microsoft Pen protocol.
Jeff Hawthorne, president and chief executive officer of UniPixel, said, "We are starting to receive design awards for increasingly higher volume consumer devices, as compared to the products targeting the commercial market that has driven our revenue to date. This laptop will contribute to our 2017 revenue growth as it comes to market."
"Increasingly, the combination of our XTouch sensors and Diamond Guard hardcoat is attracting new design wins as the demand for stylus use by technology users expands," continued Mr. Hawthorne. "The broadening adoption of the Windows 10 operating system, the Windows Surface Pro device, and other similar devices, are proliferating touchscreen technology and propelling the adoption of active stylus. The combination of touchscreen technology and active stylus appears to be on its way to becoming the industry standard. UniPixel is well positioned to be a leading provider of technology to enable this development on a broad scale."
"Our copper metal mesh sensors offer significantly lower sheet resistance, which enhances touchscreen and stylus responsiveness," concluded Mr. Hawthorne. "This type of design win validates our technology and demonstrates the confidence that major device manufacturers have in UniPixel's ability to manufacture and deliver critically important components for their next generation devices."
Volume production for this program is expected to commence in the first 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 25 the total number of programs awarded to UniPixel.
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.