Charlotte, N.C., Feb. 20, 2018 (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 it has appointed Tom Sepenzis as Director of Investor Relations. With more than 20 years of experience as a Wall Street technology analyst, Mr. Sepenzis brings a diverse knowledge of technology and capital markets. The new role will bring a direct point of contact for investors and is aimed to elevate communication with the investment community.
Mr. Sepenzis was most recently a Managing Director and Senior Semiconductor Analyst for Northland Capital Markets where he covered over 20 companies. Prior to Northland, Mr. Sepenzis held similar roles at ThinkEquity Partners, CIBC World Markets, Piper Jaffray and Soundview Financial Group. Tom holds an MFA from AAU and a BA from New York University.
Jeffrey Shealy, CEO of Akoustis Technologies commented. “I am pleased to welcome Tom to our management team. He joins us at a critical time as we transition from the development stage to production. Tom’s experience and passion for technology will be instrumental in broadening our investor base as we reach this important milestone in our development as a company.”
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 wafers - 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.
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: INVESTORS: Tom Sepenzis Akoustis Technologies, Inc. Director of Investor Relations 704-890-2925 firstname.lastname@example.org