Akoustis Completes its XBAW Design Updates Rollout
DENVER, Colo., May 22, 2024 (247marketnews.com)- Akoustis Technologies, Inc. (NASDAQ:AKTS) completed the final release of its manufacturing design updates, including updates to its XBAW manufacturing process to remove all patented features claimed by Qorvo, Inc. in U.S. Patent Nos. 7,522,018 and 9,735,755.
“While Akoustis is disappointed with the jury’s verdict, the Company prepared well in advance for all potential outcomes,” commented Akoustis Executive Vice President of Business Development, Dave Aichele. “Based on our testing and qualification over the last two years, the design updates to these earlier XBAW® filters do not have any form, fit or function impact to the performance and reliability, as the Qorvo patented claims were not design features of the XBAW® process. Akoustis is well-prepared to move forward notwithstanding any injunction Qorvo may seek against the accused legacy versions of our products.”
About 24/7 Market News
As a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN incorporates comprehensive corporate communications resources and tools to engage the investment community. Visit 24/7 Market News website here.
24/7 MARKET NEWS, INC Disclaimer
Please go to https://247marketnews.com/disclaimer/ for disclaimer information.
CONTACT:
24/7 Market News
Editor@247marketnews.com
Related news for (AKTS)
- Akoustis Achieves Wi-Fi 7 Design Win and Volume Orders for Two New Programs from Current Tier-1 Enterprise Wi-Fi AP Solutions Provider
- Akoustis to Webcast Q2FY24 Results on February 13 at 8:00 am ET
- Akoustis Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriter’s Option to Purchase Additional Shares
- Akoustis Announces Pricing of Public Offering of $10.0 Million of Common Stock