UniPixel Announces Strategic Relationship with Avery Dennison

The Woodlands, TX; February 9, 2010. UniPixel, Inc., the developer of a color display technology called Time Multiplexed Optical Shutter (TMOS) and of thin-film materials branded under the name Opcuity that incorporate advanced micro-structure technology, has announced a strategic relationship with Avery Dennison, a maker of identification and decorative solutions including pressure-sensitive labeling materials and RFID inlays and tags. The relationship will involve a variety of technologies that UniPixel has innovated while advancing its work on its TMOS displays and Opcuity Performance Engineered Films. Specific terms of agreements and the mutual development work under way are not being disclosed for confidentiality reasons.

Since its inception, UniPixel has been engaged with both potential customers and potential production partners to develop its technologies into products that leverage the company's intellectual property and know-how. By working closely with Avery Dennison, UniPixel is now applying its technology advances to a number of product opportunities in a variety of ways. The relationship between the companies will serve to fully explore and apply these advances to both new products and existing products.

Reed Killion, UniPixel's president and CEO, noted, "We are thrilled to partner with Avery Dennison, a company of world-class caliber with tremendous talent and resources."

Kelly Winegarden, General Manager at Avery, commented, "There is a lot of excitement within Avery in working on our collaboration with UniPixel. We have identified a number of mutually beneficial opportunities to explore."