UniPixel and GIS Execute Agreement for Joint Development of Touch Sensors for Flexible Display
General Interface Solutions, a subsidiary of Foxconn, and UniPixel combine technology advantages to address flexible display market
Joe Diaz, Robert Blum, Joe Dorame
Lytham Partners, LLC
Santa Clara, California – June 21, 2017 – 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.”
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.
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.