Charlotte, North Carolina, November 9, 2021 (GLOBE NEWSWIRE) – Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), a manufacturer of bulk acoustic wave integrated devices (IDMs) patented (BAW) high-band RF filters for mobile and other wireless applications, today announced that senior management will participate in the 12e Craig-Hallum Alpha Select Annual Conference on November 16, 2021.
Meetings will be held virtually given the continued call for social distancing due to the Covid-19 pandemic. Investors wishing to make an appointment with Akoustis management should contact their representative Craig-Hallum or Akoustis investor relations at [email protected].
Akoustis is actively delivering volume production of its WiFi 6 tandem filter solutions, shipping multiple 5G small cell XBAW ™ filter solutions, delivering the initial designs of its new 5G mobile filter solutions to multiple customers and now entering the market with its new WiFi 6E XBAW ™ coexistence filtering solutions.
Given the rapid growth in sales funnel activity as well as the continued interaction with customers regarding expected ramps in 5G, WiFi 6 and WiFi 6E mobiles during the 2022 timeline, the company plans to ” increase the annual production capacity of its New York plant by the end of the 2021 schedule to around 500 million filters per year.
About Akoustis Technologies, Inc.
Akoustis® (http://www.akoustis.com/) is a high-tech BAW RF filter solutions company that pioneers next-generation materials science and MEMS wafer fabrication to meet market demands for improved RF filters – targeting higher bandwidth, higher operating frequencies and higher power output compared to the polycrystalline BAW technology in place deployed today. The Company uses its exclusive and patented properties XBAWMT manufacturing process to produce bulk acoustic wave RF filters for the mobile and wireless markets, which facilitate signal acquisition and accelerate band performance between the antenna and the digital back-end. Superior performance is driven by significant advancements in polycrystalline, high purity and single crystal piezoelectric materials and resonator filter process technology that allows optimal tradeoffs between critical power, frequency and bandwidth performance specifications.
Akoustis plans to serve the rapidly growing multi-billion dollar RF filter market using its Integrated Device Manufacturer (IDM) business model. The company owns and operates a 120,000 square foot ISO-9001: 2015 registered commercial wafer manufacturing facility located in Canandaigua, NY which includes a Class 100 / Class 1000 cleanroom – designed for 150mm diameter wafers. – for the design, development, manufacture and packaging of RF filters, MEMS and other semiconductor devices. Akoustis Technologies, Inc. is headquartered in the Piedmont Technology Corridor near Charlotte, North Carolina.
This document includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, each as amended, which are intended to be covered by the “safe harbor” created. by these sections. These forward-looking statements include, without limitation, statements regarding our estimates, expectations, beliefs, intentions, plans or strategies for the future (including our possible future operating results, business strategies, competitive position, growth opportunities. potential, market opportunities and the effects of competition), the expected benefits of the acquisition of RFMi and the supply agreement with Tai-Saw, including estimated synergies and other financial impacts, and under- assumptions. underlying these statements. Forward-looking statements include all statements that are not historical fact and are generally identified by the use of terms such as “could”, “could”, “would”, “will”, “should”, “could”, “Could”, “could”, “expect”, “plan”, “strategy”, “anticipate”, “try”, “develop”, “help”, “believe”, “think”, “estimate” , “predict”, “intend”, “foresee”, “seek”, “potential”, “possible”, “continue”, “future” and similar words (including the negative of all of the above) , although some forward-looking statements are expressed differently. Forward-looking statements are neither historical facts nor guarantees of future results, performance, events or circumstances. Instead, these forward-looking statements are based on beliefs, current expectations and assumptions of management and are subject to risks and uncertainties. Those that could cause actual results to differ materially from those currently expected include, but are not limited to, risks relating to our ability to obtain adequate financing and to maintain our status as a going concern; our limited operating history; our inability to generate income or achieve profitability; the results of our research and development activities; our inability to gain market acceptance for our products; the possibility that the expected benefits of business acquisitions (including the acquisition of RFMi) may not be realized in whole or at all or may take longer than expected to be realized; the possibility that costs or difficulties associated with integrating the businesses of acquired businesses (including those of RFMi) will be greater than expected and the possibility of disruptions to our business during integration efforts and time pressure and management resources; the impact of a pandemic or epidemic or natural disaster, including the COVID-19 pandemic, on our operations, financial condition and the global economy, including its impact on our ability to access capital markets; general economic conditions, including industry recoveries and downturns; shortages of supplies necessary to manufacture our products, or necessary for our customers to manufacture devices incorporating our products; our limited number of patents; failure to obtain, maintain and enforce our intellectual property rights; claims for infringement, misappropriation or misuse of the intellectual property of a third party which, regardless of merit, could result in significant expense and loss of our intellectual property rights; our inability to attract and retain qualified personnel; our dependence on third parties to carry out certain processes related to the manufacture of our products; product quality and defects; existing or increased competition; our ability to successfully manufacture, market and sell products based on our technologies; our ability to meet required customer specifications and obtain qualification of our products for commercial manufacture in a timely manner; our ability to successfully scale our New York wafer manufacturing plant and related operations while maintaining quality control and assurance and avoiding exit delays; the rate and degree of market acceptance of any of our products; our ability to achieve design gains from our current and future customers; enter into contracts with clients and other parties who have greater negotiating power and accept terms and conditions that may adversely affect our business; risks of doing business in foreign countries, including China; any security breach, cyberattack or other disruption that compromises our proprietary information and leaves us open to prosecution; our inability to innovate or adapt to new or emerging technologies; our failure to comply with regulatory requirements; the results of any arbitration or dispute that may arise; volatility and illiquidity of equities; dilution caused by any future issuance of ordinary shares or securities convertible or exercisable into ordinary shares; our inability to implement our business plans or strategies; and our ability to maintain effective internal control over financial reporting. These and other risks and uncertainties are described in more detail in the Risk Factors and Management’s Discussion and Analysis of the Financial Position and Results of Operations sections of the Company’s most recent annual report on Form 10. -K and in quarterly reports subsequently filed on Form 10- Q. In view of these risks, uncertainties and assumptions, forward-looking statements regarding future events and circumstances discussed in this document may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. You should not rely on forward-looking statements as predictions of future events. The forward-looking statements included in this document speak only as of the date hereof and, except as required by law, we assume no obligation to update publicly or privately any forward-looking statements, whether in writing. or oral, for any reason after the date of this document to conform such statements to new information, actual results or changes in our expectations.
CONTACT: COMPANY: Tom Sepenzis Akoustis Technologies VP of Corporate Development & IR (980) 689-4961 [email protected] The Del Mar Consulting Group, Inc. Robert B. Prag, President (858) 794-9500 [email protected]