SANTA CLARA, Calif.,
Dec. 1, 2016 /PRNewswire/
-- UniPixel, Inc. (NASDAQ: UNXL), a provider of
Performance Engineered Films™ to the touchscreen and flexible
electronics markets, announced today that as it moves toward volume
production on the 24 design wins awarded in 2016, it expects to be
shipping manufacturing validation units in the fourth quarter of
2016 to five, or 21%, of the programs. In the first quarter of
2017, the Company expects to deliver to seven, or 29%, of the
programs awarded in 2016. Each customer has a number of production
steps that their vendors must support in order to launch the
customer's new device.
Jeff Hawthorne, president and
chief executive officer of UniPixel, said, "Our evolution from a
technology developer to a manufacturer of critical components for
the computer industry is proceeding at a rapid pace. We established
our brand and shipped to our initial customers in 2015. During the
current year we validated the market demand for our metal mesh
XTouch sensors with 24 design wins and maintained a strong focus on
increasing factory efficiency. We now head into 2017, which is the
year we begin to fulfill customer demand in volume.
Mr. Hawthorne continued, "We are starting the product ramp in
our current quarter which commences with smaller volumes building
during Q4 2016, into 2017 and continuing into 2018. We are
gratified that these major computer and tablet manufacturers are
entrusting their latest devices to us."
The Company also announced today that it recently shipped its
two millionth touch screen sensor produced at its Colorado Springs
manufacturing facility. This is an important milestone as the
Company ramps to volume production on a number of its 2016 design
wins. UniPixel has made significant process improvements at the
manufacturing facility, having achieved material cost reductions of
49% and overall touch sensor yields by 35% during 2016 to date. The
Company expects these process improvements will significantly
enhance operating margins.
Additionally, UniPixel recently announced its XTouch sensors
achieved Microsoft Pen Protocol as part of a device submitted for
certification by a leading systems integrator. XTouch sensors have
also recently achieved an equivalent certification for Wacom Pen
certification. Wacom is a leading third-party provider of stylus
products to computer manufacturers and end-user consumers alike.
This certification favorably positions UniPixel's XTouch sensors
with device manufacturers, as they support the two major stylus
protocols in the industry."
About UniPixel
UniPixel, Inc. (NASDAQ: UNXL) develops
and markets Performance Engineered Films for the touchscreen 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 UniPixel's estimated dates of production and
future sales efforts. 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, 2015 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.
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
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SOURCE UniPixel, Inc.