Akoustis to Webcast Investor Update Call May 4th at 8:00 a.m. ET
April 27 2020 - 7:00AM
Akoustis Technologies, 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 call to provide a
business update and outlook on Monday, May 4, 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/ir-calendar.
Akoustis has introduced several new filters over
the past twelve months including a 5.6 GHz WiFi filter, a 5.2 GHz
WiFi filter, two small cell network infrastructure filters
including a 4.9 GHz 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 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® (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," "will," "should,"
"could," "expect," "plan," "anticipate," "believe," "estimate,"
"predict," “intend,” “forecast,” “seek,” "potential," "continue"
and similar words, although some forward-looking statements are
expressed differently. Forward-looking statements are neither
historical facts nor assurances of future performance. 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 the results of our
research and development activities, including uncertainties
relating to semiconductor process manufacturing; the development of
our XBAWTM 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
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; the rate and degree of market acceptance of any of our
products; our ability to achieve design wins from current and
future customers; 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; and the effects of a pandemic
or epidemic or a natural disaster, including the Covid-19 pandemic.
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
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