SANTA CLARA, Calif., Feb. 23, 2016 /PRNewswire/ -- UniPixel, Inc. (NASDAQ: UNXL), today announced receipt of an order and initial shipment of production validation units for a 15.6-inch touchscreen with XTouch sensors and Diamond Guard hard coat to a new customer for a retail point-of-sale terminal. This new customer develops and sells touchscreens and touchscreen-enabled systems for non-consumer markets such as retail, digital signage, industrial, medical, transportation, and others.
Jeff Hawthorne, president and chief executive officer of UniPixel, commented, "We are pleased to take the initial steps with this new customer to develop a new product with the potential to substantially expand our addressable markets in the coming years. In addition to more familiar computing devices, such as laptops, tablets, and printers that can utilize our products, we are now being introduced into broad opportunities in the industrial point-of-sale market. This is a large market that will complement the consumer and enterprise products markets into which we currently ship."
The initial order is currently being evaluated and qualified by the customer. Upon successful qualification, UniPixel expects the product will begin volume production in the second quarter of calendar 2016.
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 statements regarding expectations regarding the completion of the public offering. These statements are based on management's current expectations. Such statements contain words such as "will," and "expect," or the negative thereof or comparable terminology. Forward-looking statements involve certain risks and uncertainties, and actual results and the timing of events may differ materially from those discussed or implied in any such statement. These risks include, but are not limited to the satisfaction of the conditions of the closing of the public offering, market conditions and other risks related to UniPixel's business and operations as are discussed under the heading "Risk Factors" and in other sections of UniPixel's filings with the SEC, and in its 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.