SANTA CLARA, Calif.,
June 21, 2017 /PRNewswire/
-- UniPixel, Inc. (NASDAQ: UNXL), a provider of
advanced technology solutions to the touchscreen and flexible
electronics markets, today announced it has signed an agreement for
joint development of UniPixel's touch sensor technology,
specifically for flexible display applications, with General
Interface Solution, Limited ("GIS"), a Taiwan-based, subsidiary of Foxconn, and a
billion-dollar provider of integrated touch display solutions in
the mobile phone, Notebook PC, 2-in-1 laptop and tablet markets to
global customers including major PC and smart phone brands.
UniPixel will be responsible for designing and manufacturing
development stage sensors after GIS provides the specifications for
the sensor designs. GIS will be responsible for integrating
the sensors into the display stack.
The parties will share reliability and test data with one
another.
UniPixel conducted tests in which its XTouch sensors were folded
and opened more than 200,000 times at a 2-millimeter radius at the
fold. At the conclusion of the test, there was no
damage to the XTouch sensors and no degradation to their
performance capabilities. For a flexible display, it will be
necessary to have a thin and pliable cover lens that will bend
consistently without damage. UniPixel's patented Diamond
Guard™ scratch resistant cover lens technology, coupled with
patented sensor circuit technique, is an excellent fit for the
flexible, bendable market.
Jalil Shaikh, chief operating
officer of UniPixel, commented, "We are pleased to be working with
GIS, who is one of our long standing commercial partners, on this
advanced technology development. Flexible technology is required
for future flexible/foldable display devices such as smartphones,
tablets, and wearable devices."
He continued, "We are also happy to be working with this partner
who has the display expertise and scale to enter this market."
About UniPixel
UniPixel, Inc. (NASDAQ: UNXL) develops
and markets high performance metal mesh capacitive touch sensors
for the touchscreen and flexible displays 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 UniPixel's designs and manufacture of
development stage sensors including with regard to timing,
payments and the contributions that UniPixel and GIS will make to
the joint development project. 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, risks related to
UniPixel's ability to successfully negotiate and enter into a
definitive agreement on the proposed terms and schedule, including
risks and uncertainties related to such negotiation and closing
conditions for the definitive agreement, 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, 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
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/unipixel-and-gis-execute-agreement-for-joint-development-of-touch-sensors-for-flexible-display-300477245.html
SOURCE UniPixel, Inc.
