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UniPixel Receives $2.5MM A/R Credit Facility From Bridge Bank

October 31, 2016, 07:51 AM
Filed Under: Technology

UniPixel, Inc., a provider of advanced touch solutions to the touchscreen and flexible electronics markets, announced the closing of a $2.5 million accounts receivables credit facility with Bridge Bank.

Christine Russell, chief financial officer of UniPixel, commented, "Executing this line of credit with Bridge Bank provides a valuable working capital management tool for UniPixel as we look to grow our business and increase production. We are particularly pleased that the line allows for financing of a large portion of our accounts receivable, including foreign accounts. We are pleased to partner with Bridge Bank and we look forward to working with their team as a trusted partner in the years to come."

"UniPixel has the right technology at the right time for the touch screen and flexible electronics markets. With all of the innovation going on in the mobile and handheld space, UniPixel is a company to watch. We are thrilled to be working with the UniPixel team and supporting their working capital needs as the Company's business grows," said Kelly Cook, Senior Vice President, Bridge Bank Technology Banking.

To this date, UniPixel has been awarded a total of 28 programs from leading computer manufacturers to provide highly responsive touchscreen sensors and hardcoat glass replacement material to support touch and/or stylus writing capabilities in tablets, notebooks and 2-in-1 laptops.

Bridge Bank is a division of Western Alliance Bank, Member FDIC, the go-to bank for business in its growing markets. Bridge Bank was founded in 2001 in Silicon Valley to offer a better way to bank for small-market and middle-market businesses across many industries, as well as emerging technology companies and the private equity community.

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