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BRIEF-Uni-Pixel- GIS shall make $6 mln cash investment within a month of execution of definitive agreement to General Interface Solution
January 18, 2017 / 2:32 PM / in 10 months

BRIEF-Uni-Pixel- GIS shall make $6 mln cash investment within a month of execution of definitive agreement to General Interface Solution

Jan 18 (Reuters) - Uni-pixel Inc :

* Uni-Pixel Inc- GIS shall make a $6 million cash investment within a month of execution of definitive agreement to general interface solution limited

* Uni-Pixel- GIS shall also pay royalty to co’s unit equal to 20% of sensor manufacturing cost for sensors to be incorporated into touch module products

* GIS shall also pay a royalty to co’s unit equal to 30% of sensor sales prices for sensors separately sold to third parties

* Uni-Pixel - co’s unit shall also lease to GIS a manufacturing pilot line / limited production line based in co’s unit’s colorado springs facility

* Uni-Pixel - co's unit shall be obligated to purchase from GIS a minimum of 1 million, 1.5 million and 2 million Xtouch sensors in 2017, 2018, 2019 respectively Source text (bit.ly/2jnlCpj) Further company coverage:

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