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December 20, 2012
15:07 EDTUNXLUni-Pixel counters allegations in UK litigation
UniPixel (UNXL) is vigorously denying allegations contained in litigation filed in the United Kingdom by UK-based Carclo PLC through its subsidiary, Conductive Inkjet Technology. "These claims are based on unfounded speculation and inaccurate assumptions, and are completely without merit," said UniPixel President & CEO Reed Killion. "We fully expect the plaintiffs will be ordered to pay whatever legal fees our company might incur to defend these baseless claims." In its filings before the English High Court, Conductive Inkjet Technology alleges that UniPixel made unauthorized use of CIT's patented processes in developing catalytic ink and metallization technologies for touch-screen applications. "The high-definition field encompasses a fast-growing and dynamic market characterized by rapid technological development," said Killion. "UniPixel's extensive and dedicated research and development efforts are not dependent on appropriating the knowledge of our competitors. To make such a claim is simply false, and we look forward to defending our company in court if necessary."
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