Uni-Pixel Inc (NASDAQ:UNXL)
UniPixel is having an incredible day in the market today and for good reason. The company announced that it has brought a new customer aboard, and that is exciting investors. Today, we'll go over the details of the announcement, how investors reacted to the news, and what we can expect to see from UNXL moving forward. So, let's get right to it...
UNXL Announces New Client Acquisition
As mentioned above, UniPixel is having a great day in the market today after announcing that it has brought in a new customer. The new customer is a leading Japanese PC manufacturer that is working on two new notebooks. When it comes to those notebooks, UNXL has won the designs for both. So, they will feature the company's XTouch and Diamond Guard technologies.
This is incredible news for UNXL as it brings its number of unique design wins in the year 2016 to 18 thus far. According to the release, one of the designs will be an 11.6 inch 2-in-1 convertible notebook that will take advantage of UniPixel's XTouch metal mesh touch sensor technology. The other will be an 11.6 inch screen that will tak advantage of XTouch to support extremely thin cover lenses. In fact, the second design will be one of the world's lightest and thinnest notebook PCs. In a statement, Jeff Hawthorne, president and CEO at UNXL had the following to offer...
“We are pleased to add an important new customer in a very dynamic international market. The addition of this customer reflects growing global industry awareness of the ability of our XTouch and Diamond Guard technologies to deliver superior finger touch and stylus performance while also enabling some of the thinnest and lightest new products coming to the market. These technologies provide a tremendous advantage to computer manufacturers who are targeting the increased use of touchscreens in their devices and making them more cost effective.”
How The Market Reacted To The News
As investors, we know that the news moves the market. Any time positive news is released with regard to a publicly traded company, we can expect to see gains in the stock associated with that company. Adversely, when negative news is released, we can expect to see declines. In this particular case, the news that was released was overwhelmingly positive. After all, UNXL brought on a large new client. As a result, we're seeing strong gains in the value of the company's stock today. Currently (9:39), UNXL is trading at $2.62 per share after a gain of $0.15 per share or 6.07% 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 UNXL. The reality is that in the year 2016 alone, UniPixel has displayed the heavy demand the market has for both its XTouch and its Diamond Guard technologies by bringing in 18 new contracts this year alone. With that said, it's clear that the company has incredible products to offer and that the market is taking those products and running. On top of great products, UNXL has an incredible management team that has a clear plan for growth and the willingness to focus on that plan. With a strong team, strong products, and strong management, I'm expecting to see further growth on the stock!
What Do You Think?
Where do you think UNXL is headed moving forward and why? Let us know your opinion in the comments below!