UniPixel Announces 25th Design Win in 2016
Company Hires Michael Butler as VP of New Product Introduction and Customer Support
SANTA CLARA, Calif., Dec. 6, 2016 /PRNewswire/ -- UniPixel, Inc. (NASDAQ: UNXL), a provider of Performance Engineered Films™ to the touchscreen and flexible electronics markets, today announced the receipt of its 25th design win in calendar 2016. The new device, an 11.6-inch tablet, will feature UniPixel's XTouch touch screen sensors and will support stylus capabilities. The program award is from an existing customer.
Jeff Hawthorne, president and chief executive officer of UniPixel, commented, "The award of our 25th design win this year represents an important milestone in the history of UniPixel. Since the April 2015 acquisition of the Atmel assets, we integrated the acquisition, refined our technology, introduced it widely to leading systems integrators, as well as the major computing device manufacturers around the world. These 25 programs have been awarded to UniPixel because our technologies provide the leading computer manufacturers important competitive attributes in their upcoming new products. They have invested a high level of confidence in UniPixel and we are dedicated to meeting their expectations. We have made great progress in a short period of time."
Mr. Hawthorne continued, "Our Colorado Springs factory is currently shipping touch sensors in volume production as well as initial pre-production volumes to enable our customers to prepare their manufacturing processes for their 2017 device production. 2015 was a year of first product shipments and establishing our reliability as a supplier. In 2016 we captured 25 design wins from multiple computer manufacturers. We look forward to 2017 as the year that UniPixel components are delivered in volume, and are featured in some of the leading-edge laptops, tablets and 2-in-1 devices that hit the market."
The Company also announced the appointment of Michael Butler as Vice President of New Product Introduction ("NPI") and Customer Support. Mr. Butler will focus on promoting customer satisfaction, streamlining new product introduction (NPI) processes that help scale volume production, provide strong technical support at customer locations, and assist in directing the company's continuous product improvement and enhancement programs.
Over a 17-year career Mr. Butler has extensive experience in management of multi-site, international customer support and manufacturing engineering operations in the semiconductor, TFT-LCD, and solar capital equipment space. He has held positions of increasing responsibility at companies including Photon Dynamics, Inc., Orbotech Ltd., and Orbotech LT Solar, LLC.
"We welcome Mike Butler to the UniPixel team. He will play a critical role in expanding and managing our customer relationships as we continue on our growth path," said Mr. Hawthorne. "We look forward to his contributions in the coming years."
About UniPixel
UniPixel, Inc. (NASDAQ: UNXL) develops and markets Performance Engineered Films for the touchscreen 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 UniPixel's estimated dates of production and future sales efforts. 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 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, 2015 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
[email protected]
SOURCE UniPixel, Inc.
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