SANTA CLARA, Calif., Jan. 19, 2016 /PRNewswire/ — UniPixel, Inc. (NASDAQ: UNXL), today announced that its XTouch sensors and Diamond Guard coating have been chosen by a leading original design manufacturer (“ODM”) for inclusion in a new 8-inch Android tablet for a major U.S. wireless carrier expected to go into production in late 2016. UniPixel has received an initial purchase order from this new customer for engineering samples to be delivered in the first quarter of calendar 2016. The Company expects to deliver pre-production samples in the second quarter and production components in the third quarter of calendar 2016.
Jeff Hawthorne, president and chief executive officer of UniPixel, said, “We are pleased that an industry leading ODM and wireless carrier have selected our XTouch with hybrid metal and Diamond Guard coating products for this new tablet. The attributes of our technology enable the development of devices that are faster, lighter, thinner and that address the evolving needs of the end-user. With the inclusion of UniPixel technology, the new device will support a 2-millimeter tip passive stylus, providing value-added functionality at low incremental cost.”
“This order is another step in the on-going process of proliferating our technology and products throughout the consumer IT ecosystem as we continue to expand our customer base,” continued Mr. Hawthorne. “The steady progress we have made in the development of our technology and manufacturing capabilities is leading to recognition of UniPixel as an innovative solutions provider and reliable vendor to Tier 1 device manufacturers around the world. This is an exciting new opportunity.”
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.
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.
Joe Diaz, Robert Blum, Joe Dorame
Lytham Partners, LLC
SOURCE UniPixel, Inc.
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