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UniPixel (UNXL) and Future Tech Execute LOI for Strategic Partnership

August 9, 2017 8:34 AM EDT

UniPixel, Inc. (NASDAQ: UNXL), a provider of advanced solutions to the touchscreen and flexible electronics markets, today announced the signing of a non-binding letter of intent to enter into a strategic transaction with Future Tech, under which Future Tech will produce UniPixel's XTouch sensors in Changzhou City, Jiangsu Province in China.

Under the terms of the letter, Future Tech expects to form a joint venture that will own and operate a manufacturing facility in Changzhou, China. Future Tech will also be responsible for creating an organization to sell, market and distribute metal mesh touch... More