SANTA CLARA, Calif.,
March 22, 2017 /PRNewswire/
-- UniPixel, Inc. (NASDAQ: UNXL), a provider of Performance
Engineered Films™ to the touch screen and flexible electronics
markets, announced today that it has entered into a long-term
agreement with a major U.S.-based PC maker to supply XTouch touch
screen sensors on a multiple year basis.
The agreement provides that the PC maker will supply rolling
forecasts to UniPixel who will use its reasonable efforts to
reserve manufacturing capacity for the PC maker who, in turn,
agrees to use its best commercial efforts to make the purchases
outlined in the rolling forecasts.
In addition, the agreement provides for the customer and
UniPixel to share product development roadmaps and engage in
innovation meetings. The customer also has a right to request
limited, exclusive early access to certain technology development
advancements.
Jeff Hawthorne, president and
chief executive officer of UniPixel, commented, "This multiyear
agreement serves both parties well as it provides an expectation to
both companies in terms of demand for the product and the
manufacturing capacity to assure the timely development, delivery,
and introduction of new products. UniPixel benefits from long-term
planning capabilities and capacity preparation while our partner is
supported in addressing their current market needs as well as
bringing new devices to the market."
Mr. Hawthorne concluded, "This is a validation of the efficacy
of our touch screen technology and it reflects the confidence of a
leading PC manufacturer in our technology. We see this as a
strategic and collaborative partnership and we look forward to
working with this industry leading partner in the coming
years."
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 Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including the
statements regarding delivery of rolling forecasts from the
customer and UniPixel reserving manufacturing capacity to meet
those forecasts with the customer purchasing sensors, and the
sharing of product roadmaps and technology developments. 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.
