Feb 9 2010
Uni-Pixel, Inc. (OTCBB: UNXL), the developer of a color display technology called Time Multiplexed Optical Shutter ("TMOS") and thin-film materials branded under the name Opcuity that incorporate advanced micro-structure technology, today announced that it has structured a strategic relationship with Avery Dennison to collaborate on a number of technical innovations. The relationship covers a variety of technologies that UniPixel has innovated while advancing its work on its TMOS displays and Opcuity Performance Engineered Films. Specific terms of agreements and the mutual development work under way are not being disclosed for confidentiality reasons.
Since the Company's inception, UniPixel has been engaged with both potential customers and potential production partners to develop its technologies into products that leverage UniPixel intellectual property and know how. By working closely with Avery Dennison, UniPixel has proven that its advances can be applied to a number of product opportunities in a variety of ways. The relationship between the companies will serve to fully explore and apply these advances to both new products and existing products.
Reed Killion, UniPixel's president and CEO, noted, "We are thrilled to partner with Avery Dennison, a company of world-class caliber with tremendous talent and resources. Combining our innovations with their technical expertise has proven to be a winning formula. We look forward to advancing our technologies and products to market through this unique relationship. Every week as we interact with the Avery team, our discussions and project reviews generate new applications and implementations. We have long considered ourselves to be pioneers in a number of areas, and Avery has demonstrated that we can mutually benefit from our innovative work combined with their execution excellence."
Kelly Winegarden, General Manager at Avery, commented, "There is a lot of excitement within Avery in working on our collaboration with UniPixel. We have identified a number of mutually beneficial opportunities to explore. The UniPixel team is very talented and brings a robust set of technology developments to the relationship. We have been extremely pleased by the early successes we have seen working together."
With multiple revenue generating opportunities aligning in 2010, UniPixel is confident that it continues to position the Company to aggressively ramp sales and business operations. Killion concluded, "We continue to execute on our strategy to commercialize our unique technology developments. To support this effort, we continue to expand our engagements with world-class partner companies like Avery to participate with us in the commercialization of our Opcuity films and our field sequential color display technologies."