UniPixel Inc (NASDAQ: UNXL)
UniPixel has been hitting the ground running in the new year when it comes to design wins. The company’s XTouch metal mesh touch sensor technology seems to have gained massive attention in the touchscreen market. Today, the company announced that it has landed yet another design win. This marks the 16th design win since the beginning of the year. Today, we’ll talk about the win, how investors are reacting to the news, and what we can expect to see from UNXL moving forward. So, let’s get right to it!
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UNXL Announces 16th Design Win In 2016
As mentioned above, it seems as though UniPixel has created a hit with the XTouch metal mesh touch screen sensor, as the company continues to dominate screen designs in laptops, tablets, and other devices. In fact, earlier today, the company announced its 16th design win for the year 2016. The design the company won is for a 15.6-inch laptop that will be released by one of the company’s existing customers. The new device will be one of many this year that uses the XTouch metal mesh technology, designed by UNXL, to provide superior performance when it comes to stylus and touch sensors. In a statement, Jeff Hawthorne, President and CEO at UNXL, had the following to say with regard to the win:
“With this 16th win since the beginning of the year, we make an important move into the broader consumer market. This initial customer program will be similar to the existing commercial program volumes that we have been awarded thus far. However, this underscores the confidence our existing customer is placing in our ability to deliver to a larger segment of the market. Successful execution on this order could lead to higher volume consumer programs in the future with this customer. We are excited with this opportunity.”
How The Market Reacted To The News
As investors, one of the first things that we learn when we get started is that the news moves the market. Any time there is positive news released with regard to a publicly-traded company, we can expect to see gains in the value of the stock associated with that company. Adversely, negative news will generally lead to declines. In this particular case, the news was incredibly positive. However, the market, overall, is taking a bit of a dive today, and, unfortunately, it is dragging UNXL down with it, regardless of the news that was released today. Currently (10:43), the stock is trading at $.175 per share after a loss of $0.02 per share or 1.19% thus far today.
What We Can Expect To See Moving Forward
Moving forward, I have an overwhelmingly bullish opinion of what we can expect to see from UniPixel. Throughout the year, the company has done an incredible job with 16 design wins to date. Not to mention, today’s announcement marks the largest design win of the year! The technologies UNXL has created are lightweight, durable, and, based on the design wins we’ve seen thus far this year, in high demand. These factors, in combination with a great team, incredible management, and a clear plan for growth will likely lead UNXL far higher in the long run.
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What Do You Think?
Where do you think UNXL is headed moving forward? Let us know your opinion in the comments below!
[Image Courtesy of UniPixel]