SANTA CLARA, Calif., April 6, 2016 /PRNewswire/ -- UniPixel, Inc. (NASDAQ: UNXL), a provider of advanced touch solutions to the touchscreen and flexible electronics markets, today announced that it has been awarded two new 2-in-1 convertible programs from a leading PC manufacturing customer. 2-in-1 convertible computers combine the best features of a laptop and a tablet in one device.
Both programs will utilize UniPixel's XTouch™ highly responsive touchscreen sensors with its outstanding finger-touch and capacitive stylus performance, and the company's Diamond Guard hardcoat technology to reduce the overall cost and the weight of the computing devices. Volume production for the two programs is expected to commence during the fourth quarter of 2016 and first quarter of 2017, respectively.
Jeff Hawthorne, president and chief executive officer of UniPixel, said, "We are pleased with the two design wins from this existing customer. Further orders from existing customers are an affirmation that not only does our technology resonate with customers, but our response time and service levels meet their requirements.
"Our XTouch copper metal mesh touch sensor product is increasingly gaining share in the market as an alternative to traditional ITO sensors due to the unique sensor design and significantly lower sheet resistance of our sensors, which allow for superior touch and stylus performance. As 2-in-1 computing devices with advanced stylus capabilities continue to gain market share, UniPixel is well positioned to benefit as the market more fully develops in the coming years."
Mr. Hawthorne continued, "By adding our Diamond Guard hardcoat, this customer will be able to produce two new devices that are lighter, thinner, and faster with exceptional stylus performance. We believe this is a strong validation of our technologies and is indicative of the increased traction that we are now starting to gain with our highly differentiated products. We are pleased with the progress achieved thus far in 2016."
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 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, 2015. 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.
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.