Why Uni-Pixel Shares Popped

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What: Shares of Uni-Pixel (NASDAQ: UNXL  ) have popped today by as much as 20%, tapping fresh 52-week highs in the process, after the company announced an agreement with Eastman Kodak.

So what: The two companies have partnered in a manufacturing and supply agreement to produce touch sensors based on Uni-Pixel's UniBoss sensor film. Kodak and Uni-Pixel will open a new facility to produce touchscreen sensors for the touch module market that it estimates will grow to $32 billion by 2018.

Now what: CEO Reed Killion said the partnership is an important milestone for Uni-Pixel's commercial roll-out of UniBoss, and that Kodak will help facilitate a high-capacity ramp up thanks to its expertise in materials science. The companies have allocated $24 million this year to improve and equip the facility, with capacity expansion intended for UniBoss touch sensors. Uni-Pixel says its technology offers numerous advantages over traditional approaches, such as higher touch response and sensitivity, among others.

Interested in more info on Uni-Pixel? Add it to your watchlist by clicking here.

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