UniPixel Shares Rise $1 in Premarket on Report of Significant Progress in Commercialization and Manufacturing of Next Generation Kodak Co-Branded Touch Screen Sensors
UniPixel (NASDAQ: UNXL) and Kodak (OTC: EKDKQ) have made significant progress in their joint effort to commercialize and manufacture UniPixel's next-generation touch-screen sensors, including product rebranding.
InTouch Sensors(TM) is UniPixel's newly developed and named pro-cap, multi-touch sensor film, previously named after the UniBoss(TM) manufacturing process. Kodak and UniPixel have further cobranded this new name as "InTouch Sensors(TM) Powered by Kodak," which reflects the synergistic contributions the companies bring to this new touch-screen sensor solution.
Recent developments include:
-- Strong overall market interest--The global market introduction of InTouch Sensors is driven by the multi-million dollar preferred price and capacity licenses executed with two Fortune 100 companies. The product continues to gain interest throughout the entire touch module market segment with numerous active customer engagements and requests for price and delivery terms for smart phones, tablets, ultrabooks, notebooks and all-in-one touch sensor solutions.
-- Commercial production trials underway--Two new plating lines that were recently delivered to UniPixel's Texas facility have been calibrated to support the UniBoss production process, bringing the total number of plating lines that are now being used for commercial production trials to three.
-- Ramped up equipment capacity at Kodak's Rochester, New York, facility--The recent installation of the first printing line at the Eastman Business Park facility in Rochester further advances the schedule, with four plating lines and two printing lines to be operational by the fourth quarter of 2013. Kodak and UniPixel are planning to build out equipment capacity throughout 2014 to support anticipated increasing demand, and are planning to expand the Rochester site by adding additional plating lines while increasing throughput via continuous process improvement.
Kodak CEO Antonio M. Perez said, "Working together, Kodak and UniPixel are quickly approaching the global market rollout of a functionally printed touch-screen sensor. In light of the initial interest for this product, we believe this solution has the potential to shake up this large and growing market. The superior technologies that both companies are contributing to this product will enable us to produce and deliver touch-screen sensors at the very highest level of quality, durability and value. 'InTouch Sensors Powered by Kodak' exemplify the kind of breakthrough solutions you can expect from the new Kodak."
"Our sensor rebranding aligns with the ramp-up of equipment capacity to meet licensing agreement milestones and the anticipated demand for InTouch Sensors to be used in a wide variety of devices. We believe the brand 'InTouch Sensors' will become synonymous with quality, price and performance. The name of Kodak in the tagline reveals the important role our technology, development, and manufacturer partner is playing in UniPixel's touch-screen sensors," said Reed Killion, president and CEO of UniPixel. "Given the substantial resources Kodak has applied to supporting our efforts, we remain on track to begin commercial production in the fourth quarter of 2013, and then ramp production volumes throughout 2014. With the unmatched capabilities of our touch sensor technology, and the strength and support of Kodak and UniPixel's other global partners, we look forward to making the commercial rollout of InTouch Sensors a success over the weeks and months ahead."
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