UniPixel Receives $5 Million Milestone Payment for UniBoss License

UniPixel Receives $5 Million Milestone Payment for UniBoss License 
THE WOODLANDS, TX -- (Marketwired) -- 05/20/13 --  UniPixel, Inc.
(NASDAQ: UNXL), a provider of Performance Engineered Films(TM) to the
touch screen, flexible printed electronics, and lighting and display
markets, received a $5 million payment according to its recently
announced second preferred price and capacity license with a major
touch-screen ecosystem partner. 
UniPixel signed the licensee 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 will recognize the $5 million as deferred
revenue in the second quarter of 2013 and apply the funds toward
building out an additional one million square feet per month of
UniBoss production capacity.  
"The milestone payment marks significant progress towards the
worldwide commercial roll-out of our UniBoss touch screen
technology," said Reed Killion, president and CEO of UniPixel. "It
demonstrates that our manufacturing capacity ramp-up schedule is on
track. The equipment for two new UniBoss printing lines are on the
way to our new Kodak Rochester facility so that we may begin their
installation in the second quarter. We also anticipate the equipment
for two plating lines to arrive at our Lufkin facility in June, and
then equipment for four additional plating lines to arrive at the
Kodak Rochester facility by July." 
UniPixel recently reported shipping initial batches of sensors to its
PC maker licensee from its Texas manufacturing facilities. The
company expects to meet its stated capacity targets by expanding the
Kodak Rochester site, adding additional printing and plating lines,
and increasing the throughput of printing and plating lines through
continuous process improvement.  
"As with any consumer electronics product ramp, it begins with
building the qualification units, which then receive rigorous
testing, such as accelerated life and environmental testing, FCC
certification, and operating system compatibility testing," said
Reed. "These evaluations will begin once production level
end-products are built out by the ODM. While we had expected their
build-out to be completed in the second quarter, our PC partner
recently reported delays with associated operating system software.
Given our understanding of their updated timeline, our expectations
for products utilizing UniBoss touch sensors to be on the shelves has
been shifted from the third quarter into the fourth quarter of this
year. The relationship with our PC manufacturer is exceptional and we
continue to work closely with them and their supply chain to ensure a
smooth introduction and transition of UniBoss touch sensors into the
PC licensee's platforms."  
UniPixel continues to build on the strategic value of its IP as it
relates to the UniBoss roll-to-roll additive process and the touch
sensor market. "Our IP landscape process is used to ensure the value
our new patents," said Reed. "We conduct extensive research on
existing patents and applications, and have yet to see or hear of any
patents that would hinder the production-level rollout of our UniBoss
touch sensor product."  
Over the last several months UniPixel has met its milestones and
deliverables, and has been on a solid path toward growth and
profitability in 2013. "Our focus for the remainder of the year will
be on building out equipment capacity and ramping UniBoss production,
while working closely with our global licensees and manufacturing
partners on new designs and production opportunities," continued
Reed. "We also plan to attend a number of industry events over the
next few weeks to showcase our UniBoss technology." 
UniPixel has been invited to attend The Society of Information
Display's 9th Annual Display Investor Conference being held tomorrow,
May 21, at the Vancouver Convention Center. UniPixel's vice president
of global sales, Robert Berg, is scheduled to present a keynote
presentation titled "Advanced Technologies and Materials Impacting
the Display Ecosystem." He will be joined by Jim Tassone, UniPixel's
vice president of business development, and Mark McCloud, the
company's senior director of global account management. 
UniPixel has also been invited to attend the 10th Annual Craig-Hallum
Conference in Minneapolis, Minnesota on May 29, and on the next day
will present at the Cowen Group's 41st Annual Technology, Media &
Telecom Conference in New York City. The company will then attend
Computex Taipei in Taiwan on June 4-8, where it will showcase product
samples and prototypes. 
About UniBoss 
 A UniBoss touch-screen offers higher touch response
and sensitivity, superior touch distinction, better durability, and
lower power requirements. 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 UniBoss manufacturing process
continues to be the only additive process that promises to reduce
manufacturing costs and supply chain complexity of current ITO and
other ITO replacement sensors by significantly minimizing
manufacturing steps. Other production advantages include lower
material costs and a simplified supply chain, as well as
extensibility to many sizes and form factors. 
About UniPixel 
 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,
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 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,
2012. We operate in a highly com
petitive 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
owners. 
Company Contact: 
Jeff Tomz
CFO
UniPixel, Inc.
Tel 281-825-4500 
Investor Relations Contact:
Ron Both
Liolios Group, Inc.
Tel 949-574-3860
UNXL@liolios.com 
 
 
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