SANTA CLARA, Calif., July 21, 2015 /PRNewswire/ -- UniPixel, Inc. (NASDAQ: UNXL), a provider of Performance Engineered Films™ to the touch screen and flexible printed electronics markets, announced today the completion of the integration of the acquired Atmel XSense product technology into its own InTouch touch screen technology. The combined technologies are branded as XTouch.
The integration brings together the best attributes of each technology, which the Company expects will address key OEM (original equipment manufacturer) requirements for thinner, faster, lighter, and affordable technology. The Company believes XTouch could be a highly differentiated touch screen technology designed to deliver exceptional total performance and cost. The Company anticipates that XTouch will be especially well suited to address the segment of the market for larger screens, including notebooks, tablets and automotive touch screens.
Jeffrey A. Hawthorne, chief executive officer of UniPixel, commented, "This is an important milestone as we begin to aggressively ramp up our sales and marketing initiatives. We believe that XTouch is a leading-edge technology that will enable Tier 1 OEMs to produce devices with the attributes that individual and industrial consumers desire. We are now engaged in a growing number of evaluations with potential customers to qualify our products."
Mr. Hawthorne continued, "While we are in the early stages of actively marketing our products, we operate in large and growing markets that independent analysts currently estimate to be approximately $6 billion annually, and growing to approximately $9 billion by 2018. We look forward to firmly establishing UniPixel as a provider of highly differentiated touch screen technologies in the coming years."
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 that the Company's XTouch technology will deliver exceptional performance and cost, that the XTouch technology will address OEM requirements and that the XTouch technology will be well suited to address certain market segments. 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 our control, that 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. We operate 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. We disclaim any intention to, and undertake 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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SOURCE UniPixel, Inc.