Jeff Hawthorne, president and chief executive officer of UniPixel, said, "This is the first program of our 25 design wins in 2016 that is in volume production. The inclusion of UniPixel technology in this new device provides value-added functionality at low incremental cost. We expect to continue to deliver touch sensors for this program throughout 2017.
"We continue to expand capacity at our Colorado Springs facility to address the production ramp for this product and the upcoming programs that will move into volume production in the coming quarters. During the first half of 2016 we shipped approximately 330,000 sensors for three products compared to over 500,000 sensors shipped in the second half of 2016 for the wireless carrier's 8-inch tablet. We're pleased that this initial program is proceeding as expected. We also shipped initial small volumes to 12 other design win programs during the just completed fourth quarter. The ODMs use these initial volumes for pre-production activities to prepare for volume production in the coming months," concluded Mr. Hawthorne.
UniPixel, Inc. (NASDAQ: UNXL) develops and markets high performance metal mesh capacitive touch sensors to the touchscreen and flexible display 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 regarding expected timeframe for product delivery. 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 our control, that could cause actual results to materially differ from such statements. These risks, uncertainties, and other factors include, but are not limited to the ability to recognize revenues, 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.
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Joe Diaz, Robert Blum, Joe Dorame
Lytham Partners, LLC
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SOURCE UniPixel, Inc.