U.S. Markets closed

UniPixel shares soar on contract with PC maker

NEW YORK (AP) -- Shares of UniPixel Inc. soared nearly 50 percent Monday, it's second straight session of strong gains, after the company said it reached a deal to license some of its technology for touch screen devices and other electronics to an unnamed personal computer maker.

THE SPARK: UniPixel said Friday that it granted the PC maker a limited exclusive license in the notebook market segment for its UniBoss Performance Engineered Film technology. The deal provides the licensee priority development, dedicated production capacity and preferred pricing, UniPixel said.

Financial terms and the name of the PC maker were not disclosed.

THE BIG PICTURE: UniPixel said the agreement will allow it to expand its production capacity and represents a major step toward worldwide commercialization of its UniBoss technology.

The news came just days after the company posted a third-quarter loss of $2 million, or 24 cents per share. The company didn't record any revenue for the period ended Sept. 30 as it worked to develop and introduce its UniBoss and other technology to the market.

THE SHARES: Up $4.82, or 49 percent, to $14.57 in heavy afternoon trading, after peaking at $14.85 earlier in the session and marking its highest share price in more than four years. The stock gained 18 percent Friday, and previously traded between $4.54 and $9.84 in the past 52 weeks.