Uni-Pixel, Inc. (UNXL) - NASDAQ
  • Apr. 17, 2015, 9:17 AM
    • UniPixel (NASDAQ:UNXL) is acquiring all manufacturing assets related to Atmel's (NASDAQ:ATML) XSense touch sensor ops, a rival to UniPixel's InTouch sensor line, and assuming related costs.
    • UniPixel is also taking out a 5-year license (with a 10-year renewal option) on Atmel's XSense patent portfolio and other IP. Atmel will "receive minimum royalties during the initial five year term equal to $16.25 million, of which $9.33 million is being prepaid in cash at close."
    • The deal comes two months after Atmel took a $26.6M charge on XSense manufacturing assets, and ahead of Atmel's May 6 Q1 report. It also follows numerous delays by UniPixel in ramping InTouch production.
    • UniPixel has soared to $8.55 premarket. Atmel is unchanged.
    • Update: UniPixel wound up closing down 6.9% following the news.
    | Apr. 17, 2015, 9:17 AM | 11 Comments
Company Description
Uni-Pixel, Inc. is a production stage company, delivering Performance Engineered Films to the Lighting, Display and Flexible Electronics markets. Its focus is on developing electronic conductive films for use in electronic sensors for consumer and industrial applications. The company's newly... More
Sector: Technology
Industry: Diversified Electronics
Country: United States