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Re: Minddoc7 post# 2110

Tuesday, 07/11/2017 10:58:57 AM

Tuesday, July 11, 2017 10:58:57 AM

Post# of 2426
UniPixel (UNXL) Consolidates R&D and Operations
July 11, 2017 8:33 AM

UniPixel, Inc. (NASDAQ: UNXL), a provider of advanced solutions to the touchscreen and flexible electronics markets, today announced it will close its Texas location as part of an initiative to enhance operations and streamline expenses to shift capital to fund our projected growth. The R&D operations from the Texas location will be transferred to the Company's Colorado Springs facility. The Company will also reduce operating expenses by eliminating overlapping operational responsibilities in Asia and the U.S. by consolidating them in Asia. The initiatives and cost rationalization will commence during the second half of 2017 and are expected to reduce costs by $2-3 million by the end of the calendar year.

Jeff Hawthorne, CEO of UniPixel, stated, "Assigning certain overlapping technical skills from the U.S. to Asia will enhance our customer support capabilities. Co-locating R&D with the manufacturing team in Colorado Springs will result in cost savings and achieve better product development synergies. With an eye toward future growth, we have a robust product development pipeline which includes DiamondTouchâ„¢ hard coating that can replace cover glass. The other major element of our development pipeline is foldable/flexible technologies. We have engaged in joint development of UniPixel's touch sensor technology with General Interface Solution, Limited ("GIS"), a Taiwan-based, subsidiary of Foxconn, specifically for flexible display applications."

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