Innovation Leader - UniPixel Displays

Jeff Hawthorne, president and chief executive officer of UniPixel, commented, "The addition of this advanced technology equipment, in addition to yield improvement, expands our Diamond Guard application capabilities at just the right time. We are making measurable progress in applying our Diamond Guard glass replacement product on our XTouch sensors, which we expect to benefit in the form of more efficient production, less waste, and improved margins. We are scheduled to install the new high speed coating machine in May, and for it to be commissioned in June. We expect this will substantially improve yields and increase output of finished product."

"On a macro level, we are extremely busy at our Colorado Springs manufacturing facility ramping many of the 2016 design wins that are moving into volume production," continued Mr. Hawthorne. "It is important to note that many of these 2016 design win devices have new technology such as active stylus, narrow mesh widths and Diamond Guard™ coating, that were not in previous generation of devices. We are working to seamlessly accommodate those new features into our manufacturing process and have made steady progress in refining the process and increasing yields. We believe these new technology features will be incorporated into future designs and we expect initial manufacturing yields to be higher on future design wins entering volume production."

Mr. Hawthorne concluded, "We are highly focused on configuring our products to meet the demanding needs of our customers' new generation of computing devices. We have leading-edge products that are in demand and we are dedicated to meeting the expectations of those customers to produce the best devices possible."