Charlotte, N.C., Dec. 06, 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 its wafer fabrication facility located in Canandaigua, NY has received ISO 9001:2015
certification, which is the internationally recognized standard that sets out the criteria for a quality management system.
The NY facility previously earned certification under ISO 9001:2008 in 2011 and has passed each subsequent
audit. The wafer fab recently completed a rigorous process-based recertificaiton audit, conducted by an accredited registrar,
to achieve certification to the ISO 9001:2015 standard. The certification promotes the development of continual
improvement, customer satisfaction, traceability and international best practices within the Akoustis organization.
Jeff Shealy, CEO of Akoustis, commented, “Our goal of meeting and exceeding our customers' expectations through
innovative products and supply chain excellence begins with employing fundamentally sound business practices and delivering highly
reliable products. By achieving the important milestone of ISO 9001:2015 certification, we are demonstrating our commitment
to a corporate wide culture of continually improving our products and services and a focus on the success of our customers.”
Akoustis is pioneering next-generation materials 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. The Company has announced four customer
engagements for its premium high band BAW RF filters in frequencies ranging from 1.5 GHz to 5.2 GHz and remains focused on customer
design engineering engagements, as well as technology and product qualification for commercial manufacturing in first-half of
calendar year 2018.
About ISO 9001:2015 Quality Management System
ISO 9001:2015 sets out the criteria for a quality management system and it can be used by any organization, large or small,
regardless of its field of activity. In fact, there are over one million companies and organizations in over 170 countries
certified to ISO 9001. This standard is based on a number of quality management principles including a strong customer focus,
the motivation and implication of top management, the process approach and continual improvement. Using ISO 9001:2015 helps ensure
that customers get consistent, good quality products and services, which in turn brings many business benefits.
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; the ability to achieve high volume manufacturing in the
first-half calendar year 2018 and the size and growth of the potential markets for any of our technologies, the rate and degree of
market acceptance of any of our technologies and our ability to raise funding to support operations and the continued development
and qualification of its premium high-band BAW RF filters utilizing its patented single-crystal piezoelectric materials. 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 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.
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
