SANTA CLARA, Calif., July 23, 2015 /PRNewswire/ -- UniPixel, Inc. (NASDAQ: UNXL), a provider of Performance Engineered Films™ to the touch screen and flexible electronics markets, announced today the completion of the transfer of manufacturing equipment for its Diamond Guard™ hard coat resin screen protection product from UniPixel's research laboratory in The Woodlands, Texas to its Colorado Springs, Colorado manufacturing facility.
The Diamond Guard technology has been transferred and is currently being installed in the Colorado Springs facility to be integrated with UniPixel's XTouch™ technology. If successfully integrated, the combined technologies are expected to permit UniPixel to offer its OEM (original equipment manufacturers) customers touch screen solutions that require fewer manufacturing steps and which are expected to provide enhanced yields at a lower cost, thereby expanding UniPixel's competitiveness in the touch screen market.
Mr. Jalil Shaikh, chief operating officer of UniPixel, said, "We are pleased to have this equipment transferred to Colorado Springs. This is an important step forward in our strategy to maximize the potential of our technologies. We now enter into a product development process where we will conduct tests to determine how we can most effectively overlay our Diamond Guard technology on top of our XTouch touch screen technology. Our goal is to develop technologies that deliver highly differentiated solutions with higher yields to OEMs in a more cost efficient manner. We are dedicated to becoming recognized throughout the industry as the innovative leader in the touch screen segment."
Diamond Guard provides shatterproof glass-like performance to consumer and industrial touch screens, in a resin-based application. Diamond Guard hard-coat resin technology delivers excellent scratch resistance and durability without compromising optical clarity. Diamond Guard is compatible with a wide variety of processing techniques that create a thin coating over the target base material increasing its surface performance up to eight hardness levels.
UniPixel's XTouch sensors support features such as narrow borders, curved touch surfaces and even edgeless touchscreens while achieving improved linearity, reliability and thinner sensor stacks. As an alternative to traditional touch sensors, XTouch provides the ability to turn unique touch-based concepts into functional designs at lower total system costs.
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 statement that Uni-Pixel's integrated technologies are expected to provide enhanced yields at a lower cost, thereby expanding UniPixel's competitiveness in the touch screen market. 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.