UniPixel Signs Long-Term Agreement with Major U.S.-based PC Maker to Supply XTouch Sensors
PR NewswireMarch 22, 2017
Comment
SANTA CLARA, Calif., March 22, 2017 /PRNewswire/ -- UniPixel, Inc. (UNXL), a provider of Performance Engineered Films™ to the touch screen and flexible electronics markets, announced today that it has entered into a long-term agreement with a major U.S.-based PC maker to supply XTouch touch screen sensors on a multiple year basis.
The agreement provides that the PC maker will supply rolling forecasts to UniPixel who will use its reasonable efforts to reserve manufacturing capacity for the PC maker who, in turn, agrees to use its best commercial efforts to make the purchases outlined in the rolling forecasts.
In addition, the agreement provides for the customer and UniPixel to share product development roadmaps and engage in innovation meetings. The customer also has a right to request limited, exclusive early access to certain technology development advancements.
Jeff Hawthorne, president and chief executive officer of UniPixel, commented, "This multiyear agreement serves both parties well as it provides an expectation to both companies in terms of demand for the product and the manufacturing capacity to assure the timely development, delivery, and introduction of new products. UniPixel benefits from long-term planning capabilities and capacity preparation while our partner is supported in addressing their current market needs as well as bringing new devices to the market."
Mr. Hawthorne concluded, "This is a validation of the efficacy of our touch screen technology and it reflects the confidence of a leading PC manufacturer in our technology. We see this as a strategic and collaborative partnership and we look forward to working with this industry leading partner in the coming years."
About UniPixel
UniPixel, Inc. (UNXL) develops and markets Performance Engineered Films for the touch screen 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.
