SANTA CLARA, Calif., Oct. 11, 2016 /PRNewswire/ -- UniPixel, Inc. (NASDAQ: UNXL), a provider of advanced touch solutions to the touchscreen and flexible electronics markets, today announced the Company's 24th design win, and its eighth consumer program win, since the beginning of calendar 2016. The new 15.6-inch device will feature UniPixel's 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 continue to gain confidence that the market is moving in our direction as the demand for highly responsive touchscreens and active stylus capabilities ramps up. The Microsoft Surface Pro product has ignited great interest in the possibilities of active stylus usage. Other original equipment manufacturers ("OEMs") are beginning to react to this trend and are increasingly adding these capabilities to meet the expanding demand of their end-user customers. UniPixel technology enables the OEMs to design products their customers want in an effective and cost efficient manner."
Mr. Hawthorne continued, "Volume production for this program is expected to commence in the second quarter of calendar 2017. We now have a total of 28 programs for which UniPixel touch sensors provide touch and/or stylus writing capabilities in tablets, notebooks and 2-in-1 laptops. We expect that as production on our design wins ramps up in the first half of 2017, we will generate more consistent revenue growth throughout 2017 and into 2018. Our expectation is for solid double-digit revenue growth in 2017 over 2016 as we work our way toward profitability."
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, revenue growth rates and profitability, 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.
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.