Uni-Pixel Inc (NASDAQ: UNXL)
Uni-Pixel is having an incredibly strong start to the morning this morning after announcing that it has entered into a long-term agreement with a large, U.S. based PC maker. As soon as the news hit, our friends at Trade Ideas alerted us of the massive gains on the stock. At the moment (9:30), UNXL is trading at $0.98 per share after a gain of $0.23 per share or 30.00% thus far today.
UNXL Enters Long Term Agreement With Large PC Maker
As mentioned above, the gains on Uni-Pixel are the result of an announcement that the company has entered into a long-term agreement with a large U.S. PC maker. Who the PC maker is remains a mystery as the company hasn’t disclosed the name of the client. Nonetheless, there are a few things that we do know…
First and foremost, the agreement is with one of the major PC makers in the United States. We also know that the agreement surrounds the supply of XTouch touch screen sensors and that the agreement is on a multiple year basis. UNXL has agreed to reserve manufacturing capacity for the PC maker who in return, will use its best commercial efforts to make the purchases outlined in the rolling forecasts in the agreement.
What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be watching UNXL incredibly closely. While we don’t know just who the PC maker is that the agreement was entered into with, we do know that the maker is large, meaning that the orders coming through in coming months and years will also likely be large. As a result, we’re excited to follow the company through the evolution of this agreement to see just how it effects the balance sheet. Nonetheless, we’ll continue to follow the story closely and bring you the news as it breaks!
What Do You Think?
Where do you think UNXL is headed moving forward? Join the discussion in the comments below!
Never Miss The News Again
Do you want real-time, actionable news delivered to your inbox? Join the CNA Finance mailing list below!
[Image Courtesy of Wikimedia]