Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Uni-Pixel Receives First Payment From PC Manufacturer

|Includes:Uni-Pixel, Inc. (UNXL)

On Thursday, March 21st, Craig-Hallum analysts and other investors visited UniPixel (NASDAQ:UNXL) at its headquarters in Woodlands, TX. The next day, Friday March 22nd, Benzinga released the following:

"Hearing Craig Hallum Says Uni Pixel May Have Received Cash Payment from Dell (Benzinga)"

To further validate this receipt of payment, on Friday's call with Williams Financial Group, CEO Reed Killion stated the following when asked about reaching various payment milestones (emphasis mine):

"We had to put the plating line in. Be up and running in a production level facility. The next is the starting of shipment of product in production level quantities. We expect to recognize this in Q2".

Notice the change in tenses when referring to these two payments. This, to me, confirms that UniPixel has in fact received its first payment, estimated at $5M.

Why is this important? It continues the on-going validation process of UniPixel's technology, showing that the PC Manufacturer (rumored to be Dell, but more and more sources, such as Benzinga above, are claiming it to be true) has verified the production progress and agrees that Unipixel is ready to start producing.

From the same call, Unipixel also mentioned that they will begin this shipping process in April, at which point we can expect them to receive the second payment as well as begin capturing revenues from sales.

Disclosure: I am long UNXL.

Stocks: UNXL