Akoustis® Technologies CEO Appears on Fox Business Network Show
August 11 2017 - 8:45AM
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, announced today that CEO Jeff Shealy
appeared as a guest this morning on Fox Business Network’s
show, “Morning with Maria”.
Mr. Shealy was interviewed by Maria Bartiromo, the feature
anchor, about the Company’s recently completed strategic
acquisition of a 120,000 sq. ft. wafer manufacturing facility and
operation in Upstate NY to internalize production of its patented,
single crystal BAW RF filters.
Akoustis announced earlier this week initial shipment of premium
high-band BAW RF filter prototypes of LTE-TDD Band 41, 2.6 GHz BAW
RF filters that will satisfy the challenging filter requirements in
the high growth 4G LTE mobile market in China. Akoustis
expects to begin fulfilling production orders for the 4G LTE mobile
wireless market in first-half calendar year 2018.
According to Mobile Expert’s 2016 report, the BAW RF filter
market for mobile applications is estimated to be approximately
$2.9 billion in 2017, growing to approximately $5.3 billion by
2021.
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 incumbent polycrystalline BAW technology deployed
today. Superior performance is driven by the significant advances
of high-purity, single-crystal piezoelectric materials and the
resonator-filter process technology. The advanced material
properties 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.
In
About Akoustis Technologies, Inc.
Akoustis® (http://www.akoustis.com) is a high-tech RF filter
solutions company that designs and 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. The Company owns and
operates a 120,000 sq. ft. ISO-9001 certified commercial
wafer-manufacturing facility located in Canandaigua, NY, which
includes a class 100 / class 1000 cleanroom facility - tooled for
150-mm diameter - for the design, development, fabrication and
packaging of RF filters, MEMS and semiconductor devices. Akoustis
is headquartered in the Piedmont technology corridor near Charlotte
North Carolina.
Forward-Looking Statements
Statements in this press release that are not descriptions of
historical facts are forward-looking statements within the meaning
of the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements include, but
are not limited to, statements about our plans, objectives,
representations and contentions and are not historical facts and
typically are identified by use of terms such as "may," "will,"
"should," "could," "expect," "plan," "anticipate," "believe,"
"estimate," "predict," "potential," "continue" and similar words,
although some forward-looking statements are expressed
differently. These forward-looking statements are based on
management’s current expectations and assumptions and are subject
to risks and uncertainties. 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 ability to
protect our intellectual property rights that are valuable to our
business, including patent and other intellectual property rights;
our ability to successfully market and sell our technologies; and
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. These and other risks and uncertainties, which
are described in more detail in the Company’s most recent Annual
Report on Form 10-K and in other reports and statements filed with
the Securities and Exchange Commission. 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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