Akoustis Founder & CEO Jeff Shealy Scheduled to Appear on Fox Business Network’s Varney & Co Today at 11:30 am EDT
June 28 2018 - 10:30AM
Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or
the “Company”), a manufacturer of patented single-crystal bulk
acoustic wave (BAW) high-band RF filters for mobile and other
wireless applications, announced its founder & CEO Jeff Shealy
is scheduled to be a guest on the Fox Business Network’s show,
Varney & Co today at 11:30 am EDT.
After four years of development, the Company is
transitioning into commercialization. In early March, Akoustis
announced freezing its first generation single crystal BAW
manufacturing process. The Company has subsequently announced the
following product introductions:
- On June 20th, Akoustis introduced the industry’s first mobile
5.2 GHz BAW RF co-existence filter aimed at the billion-dollar BAW
filter market for future 4G LTE and 5G mobile devices.
- On April 9th, Akoustis delivered the
industry’s first 3.8 GHz BAW RF filter, a high frequency solution
targeting radar applications which aligns with emerging 5G
frequency.
- On March 12th, Akoustis announced the
industry’s first commercial 5.2 GHz BAW RF filter for tri-band WiFi
router applications.
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 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 single-crystal BAW
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 piezoelectric materials and the resonator-filter
process technology which drives electro-mechanical coupling and
translates to wide filter bandwidth.
The Company plans to 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 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 press release 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 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; and
our ability to raise funding to support operations and the
continued development and qualification of our products and the
technologies underlying them. These and other risks and
uncertainties are described in more detail in the Part I, Item 1A -
Risk Factors 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 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
press release 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 press release to conform
these statements to new information, actual results or to changes
in our expectations.
Contact:
COMPANY:
Tom Sepenzis
Akoustis Technologies
Director of Investor Relations
704-997-5735
tsepenzis@akoustis.com
The Del Mar Consulting Group, Inc.
Robert B. Prag, President
858-794-9500
bprag@delmarconsulting.com
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