Akoustis to Attend Multiple Conferences in December 2022 Quarter

Rhea-AI Summary

Akoustis Technologies, Inc. (NASDAQ: AKTS) announced its participation in several upcoming conferences during the December 2022 quarter. Key events include the 11th Annual Roth Technology Event on November 16, 2022, and the 13th Annual Craig-Hallum Alpha Select Conference on November 17, 2022. Management will host one-on-one meetings at these events. Akoustis is focused on expanding its production capabilities, aiming for an annual capacity of approximately 0.5 billion filters, while actively engaging in 5G and Wi-Fi 6 technology solutions.

• The 11^th Annual ROTH Technology Event – November 16, 2022
• The 13^th Annual Craig-Hallum Alpha Select Conference – November 17, 2022
• The 11^th Annual Benchmark Discovery Conference – December 1, 2022
• Arete Tech Conference 2022 – December 6, 2022
• Oppenheimer Virtual 5G Summit – December 13, 2022 – 10:45 am ET Webcast

Charlotte, N.C., Nov. 09, 2022 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced today than senior management will attend several conferences during the December 2022 quarter.

11^th Annual Roth Technology Event – November 16^th
The conference is being held at the Yale Club in New York. Senior management will be hosting one-on-one meetings. Investors that would like to schedule a meeting with management should contact their ROTH representative or Akoustis’ investor relations at  ir@akoustis.com.

The 13^th Annual Craig-Hallum Alpha Select Conference – November 17^th
The Craig-Hallum 13^th Annual Alpha Select Conference will be held at the Sheraton New York Times Square Hotel. Investors that would like to arrange a meeting with Akoustis’ senior management should contact their Craig-Hallum representative or Akoustis’ investor relations at  ir@akoustis.com.

The 11^th Annual Benchmark Discovery Conference – December 1^st
The conference is being held at the New York Athletic Club. Senior management will be hosting one-on-one meetings. Investors that would like to schedule a meeting with the management team should contact their Benchmark representative or Akoustis’ investor relations at  ir@akoustis.com.

Arete Tech Conference 2022 – December 6^th
The Arete Tech Conference is being held virtually and management will be hosting virtual one-on-one meetings. Investors that would like to arrange a meeting with management should contact their Arete representative or Akoustis’ investor relations at ir@akoustis.com.

The Oppenheimer Virtual 5G Summit – December 13^th
The conference will be held virtually, and senior management is hosting virtual one-on-one meetings and will webcast a presentation from 10:45-11:25 am ET. Investors that would like to schedule a meeting with management should contact their Oppenheimer representative or Akoustis’ investor relations at ir@akoustis.com. To access the webcast, click here.

Akoustis is actively delivering volume production of its Wi-Fi 6 tandem filter solutions, shipping multiple 5G small cell XBAW^® filter solutions, and delivering initial designs of its new 5G mobile filter solutions to multiple customers and is now entering the market with its new Wi-Fi 6E coexistence XBAW^® filter solutions. To date, Akoustis has received more than 20 customer design wins for its patented XBAW^® filter solutions.

Given the rapidly growing sales funnel activity, as well as ongoing interaction with customers regarding expected ramps in 5G mobile, Wi-Fi 6 and Wi-Fi 6E in calendar 2022, the Company is completing the annual production capacity increase at its New York fab to approximately 0.5 billion filters per year.

About Akoustis Technologies, Inc.

Akoustis^® (http://www.akoustis.com/) is a high-tech BAW RF filter solutions company that is pioneering next-generation materials science and MEMS wafer manufacturing to address the market requirements for improved RF filters - targeting higher bandwidth, higher operating frequencies and higher output power compared to legacy polycrystalline BAW technology. The Company utilizes its proprietary and patented XBAW^® manufacturing process to produce bulk acoustic wave RF filters for mobile and other wireless markets, which facilitate signal acquisition and accelerate band performance between the antenna and digital back end. Superior performance is driven by the significant advances of poly-crystal, single-crystal and other high purity piezoelectric materials and the resonator-filter process technology which enables optimal trade-offs between critical power, frequency and bandwidth performance specifications. 

Akoustis plans to service the fast growing multi-billion-dollar RF filter market using its integrated device manufacturer (IDM) business model. The Company owns and operates a 120,000 sq. ft. ISO-9001:2015 registered commercial wafer-manufacturing facility located in Canandaigua, NY, which includes a class 100 / class 1000 cleanroom facility - tooled for 150-mm diameter wafers - for the design, development, fabrication and packaging of RF filters, MEMS and other semiconductor devices. Akoustis Technologies, Inc. is headquartered in the Piedmont technology corridor near Charlotte, North Carolina.

Forward-Looking Statements

This document includes “forward-looking statements” within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, each as amended, that are intended to be covered by the “safe harbor” created by those sections. These forward-looking statements include, but are not limited to, statements about our estimates, expectations, beliefs, intentions, plans or strategies for the future (including our possible future results of operations, business strategies, competitive position, potential growth opportunities, potential market opportunities and the effects of competition), the anticipated benefits of the acquisition of RFMi and supply agreement with Tai-Saw, including estimated synergies and other financial impacts, and the assumptions underlying such statements. Forward-looking statements include all statements that are not historical facts and typically are identified by use of terms such as "may," “might,” “would,” "will," "should," "could," “project,” "expect," "plan," “strategy,” "anticipate," “attempt,” “develop,” “help,” "believe," “think,” "estimate," "predict," “intend,” “forecast,” “seek,” "potential," “possible,” "continue," “future,” and similar words (including the negative of any of the foregoing), although some forward-looking statements are expressed differently. Forward-looking statements are neither historical facts nor assurances of future results, performance, events or circumstances. Instead, these forward-looking statements are based on management’s current beliefs, 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 our inability to obtain adequate financing and sustain our status as a going concern; our limited operating history; our inability to generate revenues or achieve profitability;  the results of our research and development activities; our inability to achieve acceptance of our products in the market; the possibility that the anticipated benefits from business acquisitions  will not be realized in full or at all or may take longer to realize than expected; the possibility that costs or difficulties related to the integration of acquired businesses’ operations will be greater than expected and the possibility of disruptions to our business during integration efforts and strain on management time and resources; the impact of a pandemic or epidemic or a natural disaster, including the COVID-19 pandemic, the Russian-Ukrainian conflict and other sources of volatility on our operations, financial condition and the worldwide economy, including its impact on our ability to access the capital markets; increases in prices for raw materials, labor, and fuel caused by rising inflation; general economic conditions, including upturns and downturns in the industry; shortages in supplies needed to manufacture our products, or needed by our customers to manufacture devices incorporating our products; our limited number of patents; failure to obtain, maintain, and enforce our intellectual property rights; claims of infringement, misappropriation or misuse of third party intellectual property, including the lawsuit filed by Qorvo, Inc. in October 2021, that, regardless of merit, could result in significant expense and negatively impact our business results; our inability to attract and retain qualified personnel; our reliance on third parties to complete certain processes in connection with the manufacture of our products; product quality and defects; existing or increased competition; our ability to successfully manufacture, market and sell products based on our technologies; our ability to meet the required specifications of customers and achieve qualification of our products for commercial manufacturing in a timely manner; our inability to successfully scale our New York wafer fabrication facility and related operations while maintaining quality control and assurance and avoiding delays in output; the rate and degree of market acceptance of any of our products; our ability to achieve design wins from current and future customers; contracting with customers and other parties with greater bargaining power and agreeing to terms and conditions that may adversely affect our business; risks related to doing business in foreign countries, including China; any security breaches, cyber-attacks or other disruptions compromising our proprietary information and exposing us to liability; our failure to innovate or adapt to new or emerging technologies, including in relation to our competitors; our failure to comply with regulatory requirements; results of any arbitration or litigation that may arise; stock volatility and illiquidity; dilution caused by any future issuance of common stock or securities that are convertible into or exercisable for common stock; our failure to implement our business plans or strategies; and our ability to maintain effective internal control over financial reporting. These and other risks and uncertainties are described in more detail in the Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of the Company’s most recent Annual Report on Form 10-K and in subsequently filed Quarterly Reports on Form 10-Q. Considering these risks, uncertainties and assumptions, the forward-looking statements regarding future events and circumstances discussed in this document 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 document 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, whether written or oral, for any reason after the date of this document to conform these statements to new information, actual results or to changes in our expectations.

FAQ

What conferences will Akoustis Technologies (AKTS) attend in December 2022?

Akoustis will attend the 11th Annual Roth Technology Event on November 16, the 13th Annual Craig-Hallum Alpha Select Conference on November 17, the 11th Annual Benchmark Discovery Conference on December 1, the Arete Tech Conference on December 6, and the Oppenheimer Virtual 5G Summit on December 13.

How can investors schedule meetings with Akoustis management during the conferences?

Investors can schedule meetings by contacting their respective conference representatives or Akoustis’ investor relations at ir@akoustis.com.

What is the production capacity target for Akoustis Technologies by the end of 2022?

Akoustis aims to complete its annual production capacity increase to approximately 0.5 billion filters per year.

What technologies is Akoustis focusing on for its product offerings?

Akoustis is focused on 5G and Wi-Fi 6 technology solutions, actively delivering volume production of its Wi-Fi 6 tandem filters and small cell XBAW® filter solutions.