NEW YORK (TheStreet) -- Shares of UniPixel Inc. (UNXL) are higher by 16.00% to $7.98 on Thursday morning following the company's announcement it has achieved a breakthrough in the roll-to-roll plating process of its touch screen sensors, overcoming previously reported issues through hardware modifications and chemistry configurations.
UniPixel is a production stage company that delivers performance engineered film to the display, touch screen, and flexible electronics market.
"The new process conditions have been successfully demonstrated in the roll-to-roll pilot production process, achieving a step-change improvement in plating fine-line conductive elements on its touch sensor film," the company said.
The company said it has a fully functioning pilot production line at its facility in Texas and it will be working with its partner Eastman Kodak Co. to move the improved technology to the production line in the Eastman Business Park, in Rochester, NY.
The companies are looking to begin commercial production later this year, a Kodak spokesman told the Democrat and Chronicle said.
Separately, TheStreet Ratings team rates UNI-PIXEL INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate UNI-PIXEL INC (UNXL) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, poor profit margins and weak operating cash flow."