SANTA CLARA, Calif., Aug. 11, 2016 /PRNewswire/ -- UniPixel, Inc. (NASDAQ: UNXL), a provider of advanced touch solutions to the touchscreen and flexible electronics markets, today announced the 19th design win awarded to the Company since January 1, 2016. Targeted to the consumer market, the product is a 15.6-inch laptop computer from one of the Company's existing major PC manufacturing customers.
Jeff Hawthorne, president and chief executive officer of UniPixel said, "The superior responsiveness of our XTouch copper metal mesh touchscreen sensors, versus the conventional indium tin oxide technology currently in broad use, makes it a logical choice for the larger 15.6-inch screen dimension of this new laptop. Incorporating an active stylus, based on the Microsoft Pen protocol, this laptop will be significantly enhanced by the materially lower sheet resistance of our XTouch sensors. This lower sheet resistance provides an experience similar to writing with a pen or pencil on a piece of paper, which is a highly desirable consumer feature. We believe that stylus use by technology consumers will continue to expand in the coming years, and that PC manufacturers and component integrators will increasingly rely on our copper metal mesh technology to meet the performance goals of the next generation of computing devices. This is an outstanding opportunity that will feature our XTouch sensors in a new consumer market device."
Initial production validation units are expected to be delivered in the fourth quarter of calendar 2016. Volume production is expected to commence in the third quarter of calendar 2017. The announcement of this new product win, plus the programs originally acquired in the April 2015 acquisition, and the one product announced late in 2015, brings to 23 the total number of programs awarded to 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.
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 statements regarding estimated dates of production. 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 extend product offerings into and compete successfully 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.