Akoustis to Webcast Investor Update Call on November 2nd at 8:00 a.m. ET
October 26 2020 - 7:00AM
Akoustis, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an
integrated device manufacturer (IDM) of patented bulk acoustic wave
(BAW) high-band RF filters for mobile and other wireless
applications, will host an investor update call to provide a
business update and outlook on Monday, November 2, 2020 at 8:00
a.m. Eastern Time. Management will host a question and answer
session at the end of the call.
To listen to the call by telephone, please dial
877-407-3982 (domestic) or 201-493-6780 (international). The
conference call will be webcast live on the Company’s website and
will be available for playback at the following
URL: https://ir.akoustis.com/news-events/ir-calendar.
Akoustis’ high frequency, high performance XBAW
process and filters are experiencing growing interest as the
Company has entered production in multiple markets in calendar
2020, including 5G network infrastructure, high-band WiFi and
phased-array radar applications.
Akoustis has added 15 filters to its product
catalog including a 5.6 GHz WiFi filter, a 5.2 GHz
WiFi filter, a 5.5 GHz WiFi-6E filter, four small
cell 5G network infrastructure filters including two Band n77
filters and one Band n79 filter, a 3.8 GHz
filter and five S-Band filters for defense
phased-array radar applications, a 3.6 GHz filter for the
CBRS 5G infrastructure market and a C-Band filter for
the unmanned aircraft systems (UAS) market. The Company
is also developing several new filters for the sub-7 GHz bands
targeting 5G mobile device, network infrastructure, WiFi CPE and
defense markets.
About Akoustis Technologies,
Inc.
Akoustis® (http://www.akoustis.com/) is a
high-tech BAW RF filter solutions company that is pioneering
next-generation materials science and MEMS wafer manufacturing
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. The Company utilizes its
proprietary XBAW™ manufacturing process to produce bulk
acoustic wave RF filters for mobile and other
wireless markets, which facilitate signal acquisition and
accelerate band performance between the antenna and digital back
end. Superior performance is driven by the significant
advances of high-purity, single-crystal and associated
piezoelectric materials and the resonator-filter process technology
which drives electro-mechanical coupling and translates to wide
filter bandwidth.
Akoustis plans to service the fast growing
multi-billion-dollar RF filter market using its integrated
device manufacturer (IDM) business model. The Company owns and
operates a 120,000 sq. ft.
ISO-9001:2015 certified commercial wafer-manufacturing
facility located in Canandaigua, NY, which includes a class 100 /
class 1000 cleanroom facility - tooled for 150-mm
diameter wafers - for the design, development,
fabrication and packaging of RF filters, MEMS and other
semiconductor devices. Akoustis Technologies, Inc. is
headquartered in the Piedmont technology
corridor near Charlotte, North Carolina.
Forward-Looking Statements
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, as
amended, that are intended to be covered by the “safe harbor”
created by those sections. These forward-looking statements
include, but are not limited to, statements about our estimates,
expectations, beliefs, intentions, plans or strategies for the
future (including our possible future results of operations,
business strategies, competitive position, potential growth
opportunities, potential market opportunities and the effects of
competition), and the assumptions underlying such statements.
Forward-looking statements include all statements that are not
historical facts and typically are identified by use of terms such
as "may," “might,” “would,” "will," "should," "could," “project,”
"expect," "plan," “strategy,” "anticipate," “attempt,” “develop,”
“help,” "believe," "estimate," "predict," “intend,” “forecast,”
“seek,” "potential," "continue," “future,” and similar words
(including the negative of any of the foregoing), although some
forward-looking statements are expressed differently.
Forward-looking statements are neither historical facts nor
assurances of future results, performance, events or circumstances.
Instead, these forward-looking statements are based on management’s
current beliefs, 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 our ability to obtain adequate
financing and sustain our status as a going concern; our limited
operating history; the results of our research and development
activities, including uncertainties relating to semiconductor
process manufacturing; the development of our XBAW™ technology and
products presently under development and the anticipated timing of
such development; our ability to protect our intellectual property
rights that are valuable to our business, including patent and
other intellectual property rights; our reliance on third parties
to complete certain processes in connection with 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; the ability to achieve
qualification of our products for commercial manufacturing in a
timely manner and the size and growth of the potential markets for
any products so qualified; our ability to successfully scale our
New York wafer fabrication facility and related operations while
maintaining quality control and assurance and avoiding delays in
output; the rate and degree of market acceptance of any of our
products; our ability to achieve design wins from current and
future customers; contracting with customers and other parties with
greater bargaining power and agreeing to terms and conditions that
may adversely affect our business; risks related to doing business
in foreign countries; any security breaches or other disruptions
compromising our proprietary information and exposing us to
liability; our ability to raise funding to support operations and
the continued development and qualification of our products and the
technologies underlying them; our ability to service our
outstanding indebtedness represented by our $25.0 million principal
amount of senior convertible notes due in 2023; and the impact of a
pandemic or epidemic or a natural disaster, including the COVID-19
pandemic, on our operations, financial condition and the worldwide
economy, including its impact on our ability to access the capital
markets; our ability to maintain effective internal control over
financial reporting; and our ability to obtain and maintain the
Trusted Foundry accreditation of our New York wafer fabrication
facility. These and other risks and uncertainties are described in
more detail in the Risk Factors and Management’s Discussion and
Analysis of Financial Condition and Results of Operations sections
of the Company’s most recent Annual Report on Form 10-K and in
subsequently filed Quarterly Reports on Form 10-Q. Considering
these risks, uncertainties and assumptions, the 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 upon
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 undertake no
obligation to update publicly or privately any forward-looking
statements, whether written or oral, for any reason after the date
of this document to conform these statements to new information,
actual results or to changes in our expectations.
Contact:
COMPANY:
Tom Sepenzis
Akoustis Technologies
VP of Corporate Development & IR
(980) 689-4961
tsepenzis@akoustis.com
The Del Mar Consulting Group, Inc.
Robert B. Prag, President
(858) 794-9500
bprag@delmarconsulting.com
Akoustis Technologies (NASDAQ:AKTS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Akoustis Technologies (NASDAQ:AKTS)
Historical Stock Chart
From Apr 2023 to Apr 2024