SANTA CLARA, Calif., March 15, 2016 /PRNewswire/ -- UniPixel, Inc. (NASDAQ: UNXL), today announced a business award for its XTouch™ touchscreen sensors with Diamond Guard™ hardcoat technology from a leading U.S.-based PC manufacturer for a flagship model 13.3-inch notebook PC. This is the company's first business award from this new Tier 1 PC OEM customer and marks a major expansion of UniPixel's customer base.
Jeff Hawthorne, president and chief executive officer, said, "We are highly pleased with the receipt of this business award. We continue to gain traction in embedding our products into upcoming devices from major computing device manufacturers. This particular program will leverage UniPixel's XTouch highly responsive touchscreen sensors to deliver outstanding capacitive stylus performance, as well as our Diamond Guard hardcoat technology to reduce the overall cost of the touch module by eliminating the need for other materials. We continue to make measurable progress in positioning UniPixel among the technology leaders in the device manufacturing segment."
"We expect initial validation units to be delivered in the second quarter of 2016 and volume production to commence in the fourth quarter," continued Mr. Hawthorne. "This represents the fourth new purchase order or business award from four different customers that UniPixel has received so far in calendar 2016. We are off to an excellent start for the year and look forward to continuing our momentum in the coming quarters."
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 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 growth of our business. 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, the ability to 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, 2014 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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SOURCE UniPixel, Inc.