Jeff Hawthorne, president and chief executive officer of UniPixel, said, "With this 16th win since the beginning of the year, we make an important move into the broader consumer market. This initial consumer program will be similar to the existing commercial program volumes that we have been awarded thus far. However, this underscores the confidence our existing customer is placing in our ability to deliver to a larger segment of the market. Successful execution on this order could lead to higher volume consumer programs in the future with this customer. We are excited with this opportunity."
Initial production validation units will be delivered to the customer during the current quarter (Q2 2016) with full-scale production expected to commence late in the upcoming fourth quarter or early in the first quarter of 2017. The announcement of this new product win, plus the programs originally acquired from Atmel, and the one product announced late in 2015, brings to 20 the total number of programs awarded to UniPixel.
Uni-Pixel, 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 statement that the programs discussed in this news release will enter commercial production during the fourth quarter of 2016 or the first quarter of 2017 and the projected volumes of this program. 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
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SOURCE Uni-Pixel, Inc.