SANTA CLARA, Calif., Aug. 9, 2016 /PRNewswire/ -- UniPixel, Inc. (NASDAQ: UNXL), a provider of advanced touch solutions to the touchscreen and flexible electronics markets, today announced the 18th design win awarded to the Company since January 1, 2016. The product, a 13.3-inch laptop computer from an existing major PC manufacturing customer, will be targeted to the consumer market.
The program will utilize UniPixel's XTouch™ highly responsive touchscreen sensors with its outstanding finger-touch and capacitive stylus performance. The device will support an active stylus based on the Microsoft Pen protocol. Initial production validation units are expected to be delivered during the upcoming fourth quarter of calendar 2016. Volume production is expected to commence in the third quarter of calendar 2017. The announcement of this new product win, plus the programs originally acquired in the April 2015 acquisition, and the one product announced late in 2015, brings to 22 the total number of programs awarded to UniPixel.
Jeff Hawthorne, president and chief executive officer of UniPixel, said, "This is an important order for UniPixel as it expands the number of devices featuring our XTouch sensors for the consumer market. This represents a significantly larger market than the commercial market, where the bulk of our orders have come from to date. The copper metal mesh design of our XTouch sensors significantly lowers sheet resistance and allows for superior finger touch and full support of the active stylus Microsoft Pen protocol designed into this new laptop. As stylus use continues to increase, our XTouch sensors are designed to provide a superior computing experience. We are pleased to have gained the confidence of this leading PC manufacturer to introduce the benefits of our products to their broader customer base."
Mr. Hawthorne continued "We are also pleased that the metal mesh market, which is the basis of our proprietary technology, appears to be rapidly growing over ITO, the long time incumbent technology. The success of the Microsoft Surface tablet and other similar devices incorporating stylus technology plays to our touchsensor strengths."
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 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 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.