Charlotte, N.C., March 13, 2017 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), a manufacturer of patented single-crystal BulkONE® bulk
acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced that the Company's common stock
will begin trading on the NASDAQ Capital Market under its existing ticker symbol "AKTS" upon the open of the market
today.
“Becoming a NASDAQ-listed company marks an important milestone for Akoustis—reflecting the dedication and hard work of all our
employees to build a strong, innovative, RF filter product company,” commented Jeff Shealy, CEO of Akoustis Technologies, Inc. “Our
uplisting to NASDAQ should raise visibility of Akoustis, allow for increased sponsorship from instituitional investors and
increase liquidity in the trading volume of our stock."
Akoustis is pioneering next-generation material science to address the market requirements for improved RF 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 significant advances made in the high-purity piezoelectric materials and the
resonator-filter process technology. The piezoelectric constant and material composition drive electro-mechanical coupling,
which translates to wide filter bandwidth. High-band RF filters are achieved by leveraging the Company’s high-sound velocity,
single-crystal piezoelectric materials. These single-crystal piezoelectric materials offer high-thermal conductivity along the
path of heat flow, enabling high-power handling capability of the RF filter.
Akoustis continues to meet with multiple design clients and potential strategic partners to share its single-crystal resonator
and RF filter results.
About Akoustis
Akoustis® (http://www.akoustis.com) is a high-tech RF filter solutions company that manufactures its
unique, patented BulkONE® technology to produce single-crystal bulk acoustic wave (BAW) high-band RF filters for the
mobile-wireless industry and beyond, which facilitate signal acquisition and accelerate band performance between the antenna and
digital back end. Its patened 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’ capital-efficient business model leverages existing
investments in manufacturing infrastructure within the semiconductor industry. Akoustis® is located in the Piedmont technology
corridor between Charlotte and Raleigh, North Carolina.
Forward-Looking Statements
Statements in this press release that are not descriptions of historical facts are forward-looking statements, which 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 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 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 Technologies, 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
