Uni-Pixel shares slide on notice of SEC subpoena

Uni-Pixel says SEC has issued subpoenas over touch-screen technology deals; shares sink

Associated Press

WASHINGTON (AP) -- Shares of Uni-Pixel plunged in after-hours trading Friday after the electronic film company disclosed that federal financial regulators had issued subpoenas related to its InTouch Sensors technology.

Uni-Pixel said in a regulatory filing Friday that on Nov. 19, it learned that the Fort Worth, Texas office of the Securities and Exchange Commission was probing agreements related to the touch-screen technology. The company said it "intends to cooperate fully with the SEC regarding this non-public, fact-finding inquiry."

The Woodlands, Texas-based Uni-Pixel makes films for touch screens, electronics and other products.

Its stock had struck a 7-year high in April after the company announced a manufacturing and supply deal with Eastman Kodak Co. The deal called for the companies to open a new manufacturing plant within Kodak's corporate campus in Rochester, N.Y. , to make touch-screen sensors.

Shares of Uni-Pixel Inc. fell $3.04, or 22 percent, to $11 in afterhours trading Friday, after closing in regular trading down 12 cents to $14.04. The shares have ranged from $6.94 to $41.42 in the past 12 months.

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