UniPixel (UNXL +4.8%) announces the receipt of a $5M milestone payment related to its deal with...

|By:, SA News Editor

UniPixel (UNXL +4.8%) announces the receipt of a $5M milestone payment related to its deal with an unnamed "major touchscreen ecosystem partner;" the payment will be recognized as deferred revenue in Q2. The company adds the installation of equipment for touchscreen film printing lines at its new Kodak facility will start this quarter, and equipment for 6 plating lines will arrive at its Kodak and Lufkin, TX facilities in June/July. Shares are recouping a portion of Friday's huge losses.