Akoustis to Attend the 10th Annual Roth Technology Conference on November 17, 2021
November 11 2021 - 6:00AM
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, announced today that senior management will
attend the 10th Annual Roth Technology Conference on November 17,
2021.
Meetings will take place virtually given the
ongoing call for social distancing due to the Covid-19 pandemic.
Investors that would like to schedule a meeting with Akoustis
management should contact their Roth representative or Akoustis’
investor relations at ir@akoustis.com.
Akoustis is actively delivering volume
production of its WiFi 6 tandem filter solutions, shipping multiple
5G small cell XBAW™ filter solutions, delivering initial
designs of its new 5G mobile filter solutions to multiple customers
and is now entering the market with its new WiFi 6E coexistence
XBAW™ filter solutions.
Given the rapidly growing sales funnel activity
as well as ongoing interaction with customers regarding expected
ramps in 5G mobile, WiFi 6 and WiFi 6E in calendar 2022, the
Company plans to increase the annual production capacity at its New
York fab by the end of calendar 2021 to approximately 500 million
filters per year.
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 and
patented XBAWTM 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 poly-crystal,
high-purity and single-crystal piezoelectric materials and the
resonator-filter process technology which enables optimal
trade-offs between critical power, frequency and bandwidth
performance specifications.
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
registered 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, each
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), the anticipated benefits of the acquisition of RFMi
and supply agreement with Tai-Saw, including estimated synergies
and other financial impacts, 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," “think,” "estimate," "predict,"
“intend,” “forecast,” “seek,” "potential," “possible,” "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; our inability to
generate revenues or achieve profitability; the results of
our research and development activities; our inability to achieve
acceptance of our products in the market; the possibility that the
anticipated benefits from business acquisitions (including the
acquisition of RFMi) cannot be realized in full or at all or may
take longer to realize than expected; the possibility that costs or
difficulties related to the integration of acquired businesses’
(including RFMi’s) operations will be greater than expected and the
possibility of disruptions to our business during integration
efforts and strain on management time and resources; 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; general economic conditions, including
upturns and downturns in the industry; shortages in supplies needed
to manufacture our products, or needed by our customers to
manufacture devices incorporating our products; our limited number
of patents; failure to obtain, maintain, and enforce our
intellectual property rights; claims of infringement,
misappropriation or misuse of third party intellectual property
that, regardless of merit, could result in significant expense and
loss of our intellectual property rights; our inability to attract
and retain qualified personnel; 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; our ability to meet the
required specifications of customers and achieve qualification of
our products for commercial manufacturing in a timely manner; 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,
including China; any security breaches, cyber-attacks or other
disruptions compromising our proprietary information and exposing
us to liability; our failure to innovate or adapt to new or
emerging technologies; our failure to comply with regulatory
requirements; results of any arbitration or litigation that may
arise; stock volatility and illiquidity; dilution caused by any
future issuance of common stock or securities that are convertible
into or exercisable for common stock; our failure to implement our
business plans or strategies; and our ability to maintain effective
internal control over financial reporting. 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.
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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