Charlotte, N.C., Oct. 04, 2016 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (OTCQB: AKTS) (“Akoustis” or the “Company”), a manufacturer of innovative BulkONE™ bulk acoustic wave (BAW)
high-band RF filters for mobile wireless, announced today that its Chief Materials Scientist, Shawn Gibb, will present measured
technical data on Akoustis’ patented single crystal piezoelectric materials and resonator technology at the International Workshop
on Nitride Semiconductors (IWN 2016) being held this week in Orlando, FL.
During the presentation entitled, “Single Crystal III-N Materials for Bulk Acoustic Wave Resonator Applications,” Mr.
Gibb will be highlighting the Company’s single crystal piezoelectric materials technology, recent technical milestones, and their
application to wide bandwidth, high-frequency RF filter applications for Mobile Communications. The oral presentation takes
place Thursday, October 6th 2016 at 9:15AM EST, in session C0.4 called Electronic Devices IV: Quantum Devices and
Sensors, in the Narcissus/Orange Blossom room, located at the Hilton Orlando Lake Buena Vista.
Jeff Shealy, CEO of Akoustis, commented, “Akoustis continues to innovate and benchmark its patented single crystal piezoelectric
materials technology. We are pleased to share our technical capabilities with an international audience of peers and showcase
our patented materials’ applicability to hi-band RF BAW filters.”
Akoustis is pioneering superior material science to address the market requirements for improved filters – targeting higher
bandwidth, higher operating frequencies and higher output power as compared to conventional polycrystalline BAW technology deployed
today. Superior performance is driven by the piezoelectric-crystal material and resonator-filter process technology.
The piezoelectric constant and material composition drive electro-mechanical coupling to enable higher filter bandwidth. In
the case of operating frequency, high sound velocity in high-purity piezoelectric materials allows signals to propagate faster in
the RF filter. In terms of power handling, high-purity, single-crystal piezoelectric materials offer high-thermal
conductivity along the path of heat flow, enabling the high-power handling capability of the RF filter.
About Akoustis
Akoustis™ (http://www.akoustis.com) is a high-tech RF
filter solutions company that manufactures its unique, patent-pending BulkONE™ technology to produce single crystal bulk acoustic
wave (BAW) RF filters for the mobile-wireless industry, which facilitate signal acquisition and accelerate band performance between
the antenna and the back end of mobile devices. 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. Akoustis’ “asset-lite” business model
is capital efficient, leveraging existing manufacturing infrastructure in the semiconductor industry. Akoustis™ is located in the
Piedmont technology corridor between Charlotte and Raleigh, North Carolina.
About IWN 2016
The International Workshop on Nitride Semiconductors (IWN) is a premier biennial-held meeting covering all aspects of
III-Nitride Semiconductor science, engineering and industry. Historically populated by nearly a thousand international
participants, the meeting accommodates joint and multiple-parallel sessions spanning materials, optoelectronic and electronic
devices, to include new advances and theory. Held in Orlando, Florida, at the Hilton Orlando Lake Buena Vista, the 2016
meeting continues its traditional rotation between Asia, Europe and North America.
Forward-Looking Statements
Statements in this press release that are not descriptions of historical facts are forward-looking statements that are based on
management’s current expectations and assumptions and are subject to risks and uncertainties. In some cases, you can identify
forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,”
“intends,” “may,” “plans,” “potential,” “predicts,” “should,” “will,” “would” or the negative of these terms or other comparable
terminology. 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 need for substantial additional funds in order to continue our operations and the uncertainty of whether we will be able
to obtain the funding we need;
- our ability to retain or hire key scientific, engineering or management personnel;
- our ability to protect our intellectual property rights that are valuable to our business, including patent and other
intellectual property rights;
- our dependence on third-party manufacturers, suppliers, research organizations, testing laboratories and other potential
collaborators;
- our ability to successfully market and sell our technologies;
- 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;
- competition in our industry; and
- regulatory developments in the U.S. and foreign countries.
In light of these risks, uncertainties and assumptions, the future events and circumstances discussed in the forward-looking
statements 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, Inc. VP of Business Development Main: 704-997-5735, ext. 106 Email: daichele@akoustis.com INVESTORS: The Del Mar Consulting Group, Inc. Robert B. Prag, President 858-794-9500 bprag@delmarconsulting.com or Integra Consulting Group LLC Jeremy Roe, Managing Partner 925-262-8305 jeremy@integracg.net
