SANTA CLARA, Calif., June 9, 2016 /PRNewswire/ -- UniPixel, Inc. (NASDAQ: UNXL), a provider of advanced touch solutions to the touchscreen and flexible electronics markets, today announced it was awarded a 13.3-inch notebook program from an existing customer for the consumer market. The program is the 17th design win for UniPixel since the beginning of calendar 2016. The announcement of this new product win, plus the programs originally acquired from Atmel, and the one product announced late in 2015, brings to 21 the total number of programs awarded to UniPixel.
The 13.3-inch notebook program will leverage XTouch metal mesh touch sensor technology to support superior touch and active stylus performance. The device will also feature Diamond Guard hardcoat technology to reduce weight and cost of the touch panel. Initial production validation units will be delivered to the customer during the upcoming third quarter of 2016 with full-scale production expected to commence during the third quarter of 2017. The Company expects that the product volumes associated with this consumer program will be similar to the existing commercial program volumes that the Company has been awarded to this point.
Jeff Hawthorne, president and chief executive officer of UniPixel, said, "Our existing customers continue to validate our ability to deliver highly differentiated touch screen sensors that fulfill the demands of their end-user customers with devices that are faster, thinner and lighter. We are optimistic that our touch screen sensor and hardcoat products will continue to gain traction in the market and become featured components in a broad cross-section of consumer oriented computing devices in the coming years."
Mr. Hawthorne concluded, "We are pleased with this 17th design win since the beginning of the year. It is gratifying that as an organization we have made significant sales, marketing and manufacturing progress in such a short period of time. I applaud the entire UniPixel team for their focus and dedication to get us to this point."
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 statements regarding projected delivery dates and volumes. 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 recognize revenues, the ability to extend product offerings into 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
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/unipixel-awarded-17th-design-win-in-2016-300282382.html
SOURCE Uni-Pixel, Inc.