Akoustis Announces Four Recently Awarded Patents Bringing Portfolio to Eleven Issued Patents Plus Numerous Patents Pending
April 12 2017 - 7:00AM
Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the
“Company”), a manufacturer of patented single-crystal BulkONE® bulk
acoustic wave (BAW) high-band RF filters for mobile and other
wireless applications, provided an update on its Intellectual
Property (IP) and Patent portfolio related to its single-crystal
piezoelectric materials, novel BAW resonators, wide-bandwidth RF
filters and their application in mobile and other wireless
devices.
Since last providing a patent update in June 2016, Akoustis has
been granted four additional patents - bringing the total number of
issued patents to eleven with numerous patents pending in the U.S.
and internationally. In addition to its patent
portfolio, Akoustis’ IP includes the ownership of valuable trade
secrets associated with manufacturing its BulkONE® bulk acoustic
wave (BAW) high-band RF filter products and single-crystal
piezoelectric materials.
Jeff Shealy, CEO of Akoustis, commented “From the inception of
Akoustis, we believed a significant IP and patent portfolio would
ultimately be a key driver of value for our shareholders. We will
continue to build and strengthen our IP position with the goal of
creating a significant and meaningful barrier-to-entry for
potential competitors utilizing single-crystal bulk acoustic wave
technology."
A summary of the recent patents issued is provided below:
- Issued 10/19/16 - China Patent
No. CN205657658U -
“A Substrate and Acoustic Resonator Equipment for Acoustic
Resonator Equipment”
- Issued 11/23/16 - China Patent
No. CN205725676U –
“Wafer Level Package”
- Issued 1/03/17 – U.S. Patent
No. US 9,537,465 -
“Acoustic Resonator Device with Single Crystal Piezo Material and
Capacitor on a Bulk Substrate”
- Issued 2/14/17 – U.S. Patent
No. US 9,571,061-
“Integrated Circuit Configured with Two or More Single Crystal
Acoustic Resonator Devices”
On March 24, 2017, Akoustis announced it had entered into
definitive agreements to acquire a 120,000 Sq. Ft. Wafer
Manufacturing Facility, and STC-MEMS, a semiconductor wafer
manufacturing operation with associated 150-mm wafer production
tools and microelectromechanical systems (MEMS) business, as well
as 57-acres of real estate associated with the facility
located in Canandaigua, New York. The transaction is expected
to close by the end of Q2 CY2017 and enables the Company to control
the manufacturing of its BAW RF filters.
Akoustis is pioneering next-generation material science to
address the market requirements for improved RF filters - targeting
higher bandwidth, higher operating frequencies and higher output
power compared to conventional polycrystalline BAW technology
deployed today. Superior performance is driven by the significant
advances made in the growth of high-purity piezoelectric materials
and the resonator-filter process technology. The elastic and
piezoelectric coefficients drive electro-mechanical coupling, which
translates to wide filter bandwidth. High-band RF filters are
achieved by leveraging the Company’s high-sound velocity,
single-crystal piezoelectric materials. These single-crystal
piezoelectric materials offer high-thermal conductivity along the
path of heat flow, enabling high-power handling capability of the
RF filter.
About Akoustis
Akoustis® (http://www.akoustis.com) is a high-tech RF filter
solutions company that manufactures its unique, patented BulkONE®
technology to produce single-crystal bulk acoustic wave (BAW) RF
filters for mobile and other wireless markets, which facilitate
signal acquisition and accelerate band performance between the
antenna and digital back end. Its BulkONE® technology will
service the fast growing multi-billion dollar market of device
OEMs, network providers, and consumers to diminish Front End phone
heat, battery drain and signal loss -- all considered to be
directly related to current RF polycrystalline filter technologies'
limitations. Akoustis’ capital-efficient business model
leverages new and existing investments in manufacturing
infrastructure within the semiconductor industry. Akoustis®
is located in the Piedmont technology corridor between Charlotte
and Raleigh, North Carolina.
Forward-Looking Statements
Statements in this press release that are not descriptions of
historical facts are forward-looking statements, which are based on
management’s current expectations and assumptions and are subject
to risks and uncertainties. In some cases, you can identify
forward-looking statements by terminology, including “anticipates,”
“believes,” “can,” “continue,” “could,” “estimates,” “expects,”
“intends,” “may,” “plans,” “potential,” “predicts,” “should,”
“will,” “would” or the negative of these terms or other comparable
terminology. Factors that could cause actual results to
differ materially from those currently anticipated include, without
limitation,
- risks relating to the results of our research and development
activities, including uncertainties relating to semiconductor
process manufacturing;
- the early stage of our BulkONE® technology presently under
development;
- our need for substantial additional funds in order to continue
our operations and the uncertainty of whether we will be able to
obtain the funding we need;
- our ability to retain or hire key scientific, engineering or
management personnel; our ability to protect our intellectual
property rights that are valuable to our business, including patent
and other intellectual property rights;
- our dependence on third-party manufacturers, suppliers,
research organizations, testing laboratories and other potential
collaborators;
- our ability to successfully market and sell our
technologies;
- the size and growth of the potential markets for any of our
technologies, and the rate and degree of market acceptance of any
of our technologies;
- competition in our industry; and
- regulatory developments in the U.S. and foreign countries.
In light of these risks, uncertainties and assumptions, the
forward-looking statements regarding future events and
circumstances discussed in this press release 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 upon forward-looking statements as predictions of
future events. The forward-looking statements included in
this presentation speak only as of the date hereof, and, except as
required by law, we undertake no obligation to update publicly or
privately any forward-looking statements for any reason after the
date of this presentation to conform these statements to actual
results or to changes in our expectations. The materials do not
constitute an offer to sell, or the solicitation of any offer to
buy, any securities of Akoustis, or any other entity
whatsoever. Any representation to the contrary by any party
should be ignored.
Akoustis Contact Information:
COMPANY: Dave Aichele Akoustis Technologies,
Inc. VP of Business Development 704-997-5735, ext. 106
daichele@akoustis.com INVESTORS:
The Del Mar Consulting Group, Inc.
Robert B. Prag, President
858-794-9500
bprag@delmarconsulting.com
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