07.11.17
UniPixel, Inc. announced it will close its Texas location as part of an initiative to enhance operations and streamline expenses to shift capital to fund our projected growth. The R&D operations from the Texas location will be transferred to the company’s Colorado Springs facility.
The company will also reduce operating expenses by eliminating overlapping operational responsibilities in Asia and the US by consolidating them in Asia. The initiatives and cost rationalization will commence during the second half of 2017 and are expected to reduce costs by $2-3 million by the end of the calendar year.
The company will also reduce operating expenses by eliminating overlapping operational responsibilities in Asia and the US by consolidating them in Asia. The initiatives and cost rationalization will commence during the second half of 2017 and are expected to reduce costs by $2-3 million by the end of the calendar year.
