) The last several days

have been particularly busy for UNXL and its

investors. Not only did we finally get the

ecosystem partnership announcement, a lot of

noise surrounding a possible capital raise, but now

we have Kodak named as the company’s

manufacturing partner, which should allow UNXL to

scale much faster to substantial volumes.

Additionally and somewhat more intangible, we

believe UNXL, and its ecosystem partner, will have

a much easier time convincing the industry’s largest

OEMs to use UniBoss if it’s built by a firm with the

capacity and film/printing expertise of Kodak.

There has been much market speculation over the

past several months as to the implications of any

one of these deals and whether these deals were

likely interconnected. While all of these questions

could not be completely answered, we do believe

the firm was able to provide us with a good look at

near-term capex and cash flow expectations, as

well as when these agreements could begin

generating meaningful revenue.

Additionally, we were fortunate enough to host

UNXL’s management for an investor conference

call, Monday the 18

, where the firm discussed its

ecosystem partner and gave some color on its likely

capital need and production capacity targets.

With the firm’s expanding partner relationships,

rapidly growing market need for affordable retail

touch solutions, and the increasing odds that UNXL

will be able to meet this need, we are reiterating

our Buy rating and raising our target price to $60

from $40, or 13.4x our new 2014 adjusted EPS

estimate of $4.49.