SANTA CLARA, Calif., March 2, 2016 /PRNewswire/ -- UniPixel, Inc. (NASDAQ: UNXL), a provider of advanced touch solutions to the touchscreen and flexible electronics markets, announced that it has been awarded a new 2-in-1 convertible program from a Tier 1 customer. The program will leverage UniPixel's XTouch™ highly responsive touchscreen sensors to simultaneously deliver outstanding finger touch and capacitive stylus performance. The program will also utilize the company's Diamond Guard hardcoat technology to reduce the overall cost of the touch module by eliminating the need for other materials. Production validation units are expected to be delivered in the second calendar quarter and volume production expected to commence near the end of calendar year 2016.
Jeff Hawthorne, president and chief executive officer of UniPixel, said, "We are pleased that this leading PC manufacturer, upon deciding it wanted to build a new product with best-in-class touch and stylus performance, turned to UniPixel for our XTouch sensor technology. The low sheet resistance and proprietary design features of XTouch copper-based metal mesh sensors enable an exceptional end-user experience for both finger-touch and stylus usage. Coupled with our Diamond Guard hardcoat, this customer will be able to produce a device that is lighter, thinner, and faster with exceptional stylus performance. Our technologies support product designers who want to offer new devices with thinner bezels and cover lenses."
Mr. Hawthorne concluded, "This is the third business award or purchase order from three different customers that UniPixel has received so far in calendar 2016. We are off to a good start for the new year."
About 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.
Forward-looking Statements All statements in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions 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 statement that UniPixel's integrated technologies are expected to provide enhanced yields at a lower cost, thereby expanding UniPixel's competitiveness in the touch screen market. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. 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 the Company's control, which could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under Item 1A "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2014. UniPixel operates in a highly competitive and rapidly changing environment, thus new or unforeseen risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statements. Readers are also urged to carefully review and consider the other various disclosures in the company's Annual Report on Form 10-K, quarterly reports on Form 10-Q and Current Reports on Form 8-K.
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SOURCE UniPixel, Inc.