Charlotte, N.C., Aug. 11, 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 CEO Jeff Shealy
appeared as a guest this morning on Fox Business Network’s show, “Morning with Maria”.
Mr. Shealy was interviewed by Maria Bartiromo, the feature anchor, about the Company’s recently completed strategic acquisition of a 120,000 sq. ft. wafer manufacturing facility and operation
in Upstate NY to internalize production of its patented, single crystal BAW RF filters.
Akoustis announced earlier this week initial shipment of premium high-band BAW RF filter
prototypes of LTE-TDD Band 41, 2.6 GHz BAW RF filters that will satisfy the challenging filter requirements in the high growth
4G LTE mobile market in China. Akoustis expects to begin fulfilling production orders for the 4G LTE mobile wireless market
in first-half calendar year 2018.
According to Mobile Expert’s 2016 report, the BAW RF filter market for mobile applications is estimated to be approximately $2.9
billion in 2017, growing to approximately $5.3 billion by 2021.
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. In
About Akoustis Technologies, Inc.
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. 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 - for the design, development, fabrication and packaging of RF filters, MEMS and semiconductor devices.
Akoustis is headquartered in the Piedmont technology corridor near Charlotte North Carolina.
Forward-Looking Statements
Statements in this press release that are not descriptions of historical facts are forward-looking statements within the meaning
of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include,
but are not limited to, statements about our plans, objectives, representations and contentions and are not historical facts and
typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe,"
"estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed
differently. These forward-looking statements are based on management’s current 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 early stage of our BulkONE® technology presently under 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 our technologies; and 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. These and other risks and uncertainties,
which are described in more detail in the Company’s most recent Annual Report on Form 10-K and in other reports and statements
filed with the Securities and Exchange Commission. 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
