Uni-Pixel (UNXL) is a production stage company delivering Performance Engineered Film (PEF) products to the display, touchscreen, and flexible electronics market segments. The company specializes in ITO-less touch films and flexible electronic films based on its proprietary UniBoss manufacturing process for high volume, roll to roll printing of flexible thin-film conductor patterns. In plain English: Uni-Pixel designs touch screens using new technology that is both better and cheaper than current ITO touchscreen technology.

Uni-Pixel has been rapidly rising, currently up 60% YTD,Emulex Executives to Present at March Investor Conferences, but still provides an amazing risk reward opportunity for 2013 and beyond. This is a company with disruptive technology in a quickly growing market (touchscreens) that has a tiny float, no debt, and plenty of cash. I have written about it previously here and here. The company has been also been written about extensively by other Seeking Alpha contributors articulating both bullish and bearish viewpoints.

In this article, I will provide a brief overview of the technology, my EPS models for the company, as well as updated information presented in the recent conference call on February 26th. I will also outline what I believe to be the major risks involved and some near-term catalysts. There are many aspects of Uni-Pixel that I do not touch upon here, such as Diamond Guard, as I consider them to be "free call options" embedded into the stock.