UniPixel Updates Touch Screen Technology Evaluation Programs

Nov 09, 2015, 08:00 ET from UniPixel, Inc.

SANTA CLARA, Calif., Nov. 9, 2015 /PRNewswire/ -- UniPixel, Inc. (NASDAQ: UNXL), a provider of Performance Engineered Films™ to the touchscreen and flexible electronics markets, provided an update on a number of projects in which it is collaborating with major PC manufacturers for new devices featuring UniPixel products that could hit the market in 2016 and beyond.

Jeff Hawthorne, president and CEO of UniPixel, commented, "At this early stage of our history as a volume manufacturer and commercial sales organization, I thought it important to update our investors on the progress of a number of projects. Although we have just concluded our second quarter as a focused sales organization, we have made substantial progress in introducing our highly differentiated products to major PC manufacturers in the U.S. and in Asia. They, in turn, have shown great interest in considering our products for their future product offerings.

"While we are not at liberty to specifically identify the OEMs with which we are collaborating, we can confirm that they are amongst the Tier 1 market leaders in their hardware verticals. We are pleased with the ongoing evaluations that our products are going through and believe this will lead to additional production purchase orders in the near term."

Program A: 11.6" specialized tablet – US OEM

  • Announced during the Q2 2015 conference call
  • UNXL has delivered initial testing samples, engineering samples, and pre-production qualification units
  • OEM is in the process of finalizing production qualification tests Q4 2015

Program B: 13.3" high-end tablet – US OEM

  • Announced in Q2 2015 via press release
  • Delivered requested initial testing samples
  • Finalized product design by OEM expected Q4 2015
  • UNXL expects to ship engineering evaluation samples Q4 2015

Program C: 10" tablet – Asian OEM

  • Announced Q3 via press release
  • Engineering sample delivered Q3
  • Pre-production order received
  • Sample delivered in Q4 
  • Anticipate production order Q4 or Q1

Program D: 13.3" Notebook – Asian OEM

  • Engineering sample delivery in Q3 – press release
  • Working on touch module integration development with new major module integrator

Program E: 15.6" Point of sale terminal – US OEM

  • Received NRE for engineering samples development Q3
  • Engineering samples expected to ship Q4

Program F: First ever automotive RFQ – US Automotive ODM

  • Request for quote for two sensors for automobile cockpit instrumentation
  • U.S. automotive ODM is multi-billion dollar, leading global supplier of vehicle cockpit electronic products

Mr. Hawthorne concluded, "It is important to note that any of these programs are subject to change as the OEM sees fit. As stated above one of the programs might be changed. However, we currently do not expect material changes to any of the other programs to any great extent. We will keep our investors posted on the progress of our on-going programs."

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 UniPixel'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 the Company's control, which 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. UniPixel operates 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. The Company disclaims any intention to, and undertakes 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.

Trademarks in this release are the property of their respective owners

Contact: Joe Diaz, Robert Blum, Joe Dorame Lytham Partners, LLC 602-889-9700 unxl@lythampartners.com


SOURCE UniPixel, Inc.