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UniPixel Surges On Major Contract Win

UniPixel Surges On Major Contract Win
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Shares of UniPixel Inc (NASDAQ: UNXL) surged higher by more than 12 percent Wednesday morning after the company announced two design wins for two new 2-in-1 convertible laptops that will feature the company's XTouch and Diamond Guard products.

UniPixel's clients were not specifically named, but were said to be tier 1 manufacturers. Both devices will have a 12.5-inch screen and volume production is expected to commence in the fourth quarter of this year. Following the contract wins, the company now counts 12 design wins thus far in 2016.

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The laptops will feature UniPixel's XTouch high response touchscreen sensors and the Diamond Guard hardcoat, which reduces overall cost and weight of the computing devices.

Jeff Hawthorne, president and chief executive officer of UniPixel, said, "We are gratified by the confidence this customer has invested in UniPixel and we are dedicated to delivering the highest quality technology and service in bringing these six programs to fruition. Our highly differentiated XTouch and Diamond Guard products continue to gain traction in the market and we believe there are a large number of opportunities ahead as PC manufacturers look to create thinner, lighter and faster computing devices desired by their end-user customers."

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