SANTA CLARA, Calif.,
April 28, 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 taken delivery of a new custom
built, high-speed coating system for the application of its Diamond
Guard™ glass replacement resin compound. The system will be used to
provide enhanced protection coating for its XTouch™ sensors. The
system is scheduled for installation in May
2017 and is expected to commence production in June 2017.
The addition of this new manufacturing capability expands the
Company's Diamond Guard capacity as
the majority of its design win programs include Diamond Guard coating. Management expects the
new coating system will significantly improve yields on larger
sensors compared to the current coating equipment and methodology.
The new equipment will also provide the coating technology required
for the Company's future Diamond
Touch product, which could open-up the laptop market,
approximately eighty percent of which is currently not touch
enabled. As computer OEMs look to reduce cost and weight from
laptop computers, Diamond Guard can
become a highly sought after solution as a replacement for cover
glass.
Jeff Hawthorne, president and
chief executive officer of UniPixel, commented, "The addition of
this advanced technology equipment, in addition to yield
improvement, expands our Diamond
Guard application capabilities at just the right time. We
are making measurable progress in applying our Diamond Guard glass replacement product on our
XTouch sensors, which we expect to benefit in the form of more
efficient production, less waste, and improved margins. We are
scheduled to install the new high speed coating machine in May, and
for it to be commissioned in June. We expect this will
substantially improve yields and increase output of finished
product."
"On a macro level, we are extremely busy at our Colorado Springs
manufacturing facility ramping many of the 2016 design wins that
are moving into volume production," continued Mr. Hawthorne. "It is
important to note that many of these 2016 design win devices have
new technology such as active stylus, narrow mesh widths and
Diamond Guard™ coating, that were not in previous generation of
devices. We are working to seamlessly accommodate those new
features into our manufacturing process and have made steady
progress in refining the process and increasing yields. We believe
these new technology features will be incorporated into future
designs and we expect initial manufacturing yields to be higher on
future design wins entering volume production."
Mr. Hawthorne concluded, "We are highly focused on configuring
our products to meet the demanding needs of our customers' new
generation of computing devices. We have leading-edge products that
are in demand and we are dedicated to meeting the expectations of
those customers to produce the best devices possible."
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 statement regarding volume production deliveries,
yields Diamond Guard, customer
supply and new equipment. 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 current
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, 2016 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.
