UniPixel Signs Multi-Million Dollar Preferred Price and Capacity License With
Major Ecosystem Partner for Its UniBoss Touch Screen
PP&C Licenses Are Key in Establishing a Global UniBoss Touch Module
Supply Chain for OEMs and ODMs
THE WOODLANDS, TX -- (Marketwired) -- 04/08/13 -- UniPixel, Inc.
(NASDAQ: UNXL), a provider of Performance Engineered Films(TM) to the
touch screen, flexible printed electronics, and lighting and display
markets, has engaged a major touch-screen ecosystem partner to
facilitate the development, introduction and production of products
that feature next-generation touch screens based on UniPixel's
UniBoss(TM) pro-cap, multi-touch sensor film.
UniPixel has granted the partner a preferred price and capacity
license for its UniBoss touch sensor technology. The license fees
paid under the agreement will be used to build out an additional one
million square feet per month of production capacity for UniBoss.
The capacity will allow the ecosystem partner to offer its global
customer base a touch sensor price/performance advantage over
ITO-based technology, as well as integrate UniBoss technology into
its own products. The additional capacity will take UniPixel's
license capacity build out to two million square feet per month.
UniPixel is currently building out one million square feet per month
for its PC preferred price and capacity licensee that the company
announced on December 7, 2012.
In addition to establishing sensor capacity, UniPixel will work with
its preferred price and capacity licensees to develop a global touch
module supply chain for OEMs and ODMs, which includes die cutting,
tab bonding, and lamination of the module to the display.
"As a leading designer and manufacturer of essential technologies
that serve as the foundation for the world's computing devices, we
could not ask for a more ideal ecosystems partner," said UniPixel
president & CEO, Reed Killion. "This relationship allows UniPixel to
leverage their well-established global infrastructure for joint sales
and marketing, supply chain management, as well as their exceptional
engineering and operational expertise."
"The preferred price and capacity model we've implemented, starting
with our major PC manufacturer licensee, enables us to build out
capacity without requiring financing that would involve equity
dilution or debt, and thereby enhancing shareholder value," continued
Killion. "These multimillion dollar commitments from some of the
world's leading technology manufacturers also presents confirmation
of the unique advantages of metal mesh touch sensors based on our
UniBoss additive, roll to roll, flexible electronics process --
especially when compared to traditional, subtractive, ITO-based and
ITO alternative touch sensor solutions."
UniPixel has received an initial $5 million of scheduled payments
from its PC maker licensee, the revenue will be recognized in the
first quarter of 2013.
UniBoss offers the touch ecosystem the unique advantages of metal
mesh touch sensors based on an additive, roll-to-roll, flexible
electronics process, as compared to the traditional subtractive
ITO-based and subtractive ITO replacement based touch sensor
solutions. The advantages of UniBoss touch screen technology include
higher touch response and sensitivity, superior touch distinction,
better durability, lower power requirements, and extensibility to
many sizes and form factors. As an additive process, it also promises
lower production costs versus standard ITO-based touch technology,
including lower material costs, fewer steps in the manufacturing
process, and a more simplified supply chain. UniBoss is being
introduced to a touch module market that Display Search estimates
will more than double to $32 billion by 2018.
"Our two major licensees have been and will continue to be extremely
helpful in building out the downstream supply chain for final product
integration and introducing additional customers," added Killion.
"Along with their support, we will continue to pursue additional
ecosystem, panel and supply chain licensees for our UniBoss
"With the printing and plating line qualified and production ready,
we are on track to meet the capacity target of sixty thousand square
feet per month by the end of April. Our focus is to scale capacity as
quickly as possible to meet the two million square feet per month
capacity target for our licensees and continue to scale to meet
future production capacity requirements from interested OEMs, ODMs,
panel manufactures and supply chain partners."
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,
This press release contains
forward-looking statements, including information about management's
view of Uni-Pixel's future expectations, plans and prospects,
including its views regarding the opportunity Uni-Pixel sees
regarding its new licensee, its installation plans, its financing
needs and its technological capabilities within the safe harbor
provisions under The Private Securities Litigation Reform Act of
1995. These statements involve known and unknown risks, uncertainties
and other factors which may cause the results of Uni-Pixel to be
materially different than those expressed or implied in such
statements. These factors include less than expected growth in the
films and touch screen industries; lack of acceptance of Uni-Pixel's
solutions; an inability to continue increasing its number of
customers or the revenues Uni-Pixel derives from its customers; an
inability to develop its technology and meet customer demands; an
inability to effectively manage growth; and an inability to
adequately finance Uni-Pixel's business. Certain of these risk
factors and others are included in documents Uni-Pixel files with the
Securities and Exchange Commission, including but not limited to,
Uni-Pixel's Annual Report on Form 10-K for the year ended December
31, 2012, as well as subsequent reports filed with the Securities and
Exchange Commission. Other unknown or unpredictable factors also
could have material adverse effects on Uni-Pixel's future results.
The forward-looking statements included in this press release are
made only as of the date hereof. Uni-Pixel cannot guarantee future
results, levels of activity, performance or achievements.
Accordingly, you should not place undue reliance on these
forward-looking statements. Finally, Uni-Pixel expressly disclaims
any intent or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
Jeff Tomz, CFO
Investor Relations Contact:
Scott Liolios or Ron Both
Liolios Group, Inc.
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