UniPixel Displays Counters Allegations in UK Litigation
THE WOODLANDS, TX -- (Marketwire) -- 12/20/12 -- UniPixel, Inc.
(NASDAQ: UNXL), a provider of Performance Engineered Films(TM) to the
touch screen, flexible printed electronics, and lighting and display
markets, is vigorously denying allegations contained in litigation
filed in the United Kingdom by UK-based Carclo PLC through its
subsidiary, Conductive Inkjet Technology.
"These claims are based on unfounded speculation and inaccurate
assumptions, and are completely without merit," said UniPixel
President & CEO Reed Killion. "We fully expect the plaintiffs will be
ordered to pay whatever legal fees our company might incur to defend
these baseless claims."
In its filings before the English High Court, Conductive Inkjet
Technology alleges that UniPixel made unauthorized use of CIT's
patented processes in developing catalytic ink and metallization
technologies for touch-screen applications.
"The high-definition field encompasses a fast-growing and dynamic
market characterized by rapid technological development," said
Killion. "UniPixel's extensive and dedicated research and development
efforts are not dependent on appropriating the knowledge of our
competitors. To make such a claim is simply false, and we look
forward to defending our company in court if necessary."
UniPixel is represented by the international law firm Fish &
Richardson, which has been named by Corporate Counsel magazine as the
top patent litigation law firm in the U.S. for nine consecutive
years. The firm recently was named as the nation's "Law Firm of the
Year" for intellectual property law in the 2013 "Best Law Firms"
rankings published by U.S. News & World Report and The Best Lawyers
Headquartered in The Woodlands, Texas, UniPixel,
Inc. (NASDAQ: UNXL) delivers Performance Engineered Films to the
Lighting, Display and Flexible Electronics markets. UniPixel's
high-volume roll-to-roll or continuous flow manufacturing process
offers high-fidelity replication of advanced micro-optic structures
and surface characteristics over large areas. A key focus for
UniPixel is developing electronic conductive films for use in
electronic sensors for consumer and industrial applications. The
company's newly developed UniBoss(TM) roll-to-roll electronics
manufacturing process prints conductive elements on thin film with
trace widths down to ~ 5um. The company is marketing its films for
touch panel sensor, cover glass replacement, protective cover film,
antenna and custom circuitry applications under the UniPixel label,
and potentially under private label or Original Equipment
Manufacturers (OEM) brands. UniPixel's brands include Clearly
Superior(TM), Diamond Guard(TM) and others. For further information,
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. 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 our control, that 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 the
company's Annual Report on Form 10-K for the year ended December 31,
2011. We operate 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. We disclaim any intention to, and
undertake 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
Jeff Tomz, CFO
Investor Relations Contact:
Scott Liolios or Ron Both
Liolios Group, Inc.
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