Charlotte, N.C. , May 22, 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 today that Dave Aichele, Vice
President of Business Development, will present at the International Wireless Industry Consortium™ (IWPC) workshop 5G New Radio Evolution Towards 2020 hosted by Telefonica, to be held May 23-25th
in Madrid, Spain. Industry experts from leading Network Providers, Infrastructure OEMs and Semiconductor companies will be
exploring 5G collaboration frameworks and evaluation of 5G radio access network (RAN) concepts, regulatory challenges and
standardization.
Mr. Aichele will make a presention on Thursday May, 25 2017 titled "Small Form Factor BAW Filter Technology Enabling 5G
RAN Architecture".
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 compared to incumbent polycrystalline
BAW technology deployed today. Superior performance is driven by the significant advances of high-purity, single-crystal
piezoelectric materials and the resonator-filter process technology. The advanced material properties 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.
About Akoustis
Akoustis® (http://www.akoustis.com) is a high-tech RF filter solutions company that designs and
manufactures its unique, patented BulkONE® technology to produce single-crystal bulk acoustic wave (BAW) RF filters for mobile and
other wireless markets, which facilitate signal acquisition and accelerate band performance between the antenna and digital back
end. 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’ capital-efficient business model leverages new and 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 planned acquisition of STC-MEMS, and such acquisition may not close, could disrupt our business, may not be successfully
integrated, and we may not be able to operate it profitably or realize the benefits of the acquired business within expected
timeframes or at all;
- 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
704-997-5735, ext. 106
daichele@akoustis.com
INVESTORS:
The Del Mar Consulting Group, Inc.
Robert B. Prag, President
858-794-9500
bprag@delmarconsulting.com
