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UNXL > SEC Filings for UNXL > Form 8-K on 16-Apr-2013All Recent SEC Filings

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Form 8-K for UNI-PIXEL


Other Events

Item 8.01. Other Events

On April 16, 2013, we announced that we entered into a manufacturing and supply agreement with Eastman Kodak Company to produce next-generation touch sensors based on our UniBoss™ multi-touch sensor film. Under the agreement, we expect to open a new manufacturing facility with Eastman Kodak prior to the end of 21013 within Eastman Business Park in Rochester to produce touch screen sensors for the touch module market.

We have already begun to construct a manufacturing and testing facility with nearly 100,000 square feet of manufacturing space for the UniBoss roll-to-roll printing and plating lines. In 2013, we expect that $24 million will be allocated to improve and equip the facility, which includes the installation of two printing lines and 15 plating lines. Located in Bldg. 326 of Kodak's Eastman Business Park, a more than 1,000 acre technology center and industrial complex, the site provides an established infrastructure for roll-to-roll manufacturing and we believe offers significant space for capacity expansion.

This Current Report on Form 8-K contains forward-looking statements, including information about our management's view of future expectations, plans and prospects, including our views regarding the opportunity we see regarding our manufacturing and supply agreement with Eastman Kodak Company, our facility plan and certain anticipated expenditures within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause our results to be materially different than those expressed or implied in such statements. These factors include less than expected growth in the films and touch screen industries; lack of acceptance of our solutions; an inability to continue increasing our number of customers or the revenues we derive from our customers; an inability to develop our technology and meet customer demands; an inability to effectively manage growth; an inability to complete the proposed facility or to complete it on our anticipated budget and an inability to adequately finance our business. Certain of these risk factors and others are included in documents we file with the Securities and Exchange Commission, including but not limited to, our Annual Report on Form 10-K for the year ended December 31, 2012, as well as subsequent reports filed with the Securities and Exchange Commission. Other unknown or unpredictable factors also could have material adverse effects on our future results. The forward-looking statements included herein are made only as of the date hereof. We cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, we expressly disclaims any intent or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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