SANTA CLARA, Calif., Nov. 19, 2015 /PRNewswire/ -- UniPixel, Inc. (NASDAQ: UNXL), a provider of Performance Engineered Films™ to the touchscreen and flexible electronics markets, announced today the receipt of an initial mass production order from a leading PC manufacturing company based in Japan for a 10-inch tablet product. UniPixel expects the initial delivery of XTouch sensors to this new customer to occur in the current quarter and the first quarter of 2016. The Company expects the lifetime of the product to be in the range of three to four quarters.
Jeff Hawthorne, president and CEO of UniPixel, commented, "This is an important award for UniPixel at this stage in our development as an emerging supplier in the PC touchscreen market. This order validates our belief that we offer leading-edge technology that can help major PC manufacturers create devices that are thinner, lighter, faster, and more cost effective to produce. We are pleased that our ongoing engagement with this customer and their supply chain partners has resulted in one of the world's leading PC manufacturers choosing UniPixel technology for their new tablet. We look forward to working with them and their supply chain partners on the development of future products."
Mr. Hawthorne continued, "This order represents the first step in expanding our customer base among the top PC manufacturers. Our products continue to be evaluated by other major OEMs throughout the world and we expect to win more awards in the years to come. Having just completed our second quarter as a focused sales and manufacturing organization, this award exemplifies the significant progress achieved in introducing our highly differentiated products to major PC manufacturers in the U.S. and Asia."
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 statements regarding expected initial delivery of XTouch sensors and the lifetime for the product, and the ability to win more awards in the future. 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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