Audio Pixels Holdings Limited (ASX: AKP) touching low levels with new wafers’ update

Audio Pixels Holdings Limited, ASX: AKP, on June 21, 2018, begun to receive wafers which underwent few optimization techniques to the last steps of fabrication. Management has advised the market that the initial wafers received have validated most of the critical aspects of the device including scans of frequencies throughout the audible range as well as the production of sequential tones.

The devices’ unique architecture at times imposes limitations on the use of processes and conventional fabrication equipment. This makes it necessary for the vendor to devise and introduce alternative methods to the fabrication process. The vendors’ efforts recently have been focused on adopting to complete the final steps of fabrication and refining specific substitute methods they developed.

Due this coming week, the vendor is continually working on fine-tuning the process to achieve the required outcome, with an upcoming shipment of newly refined wafers. The vendor has additionally inserted many dozens of additional wafers into the production pipeline, to ensure the success of this overall effort. While significant improvements are clearly evident in each new wafer received, at the time of this announcement the wafers received are yet to reach the qualitative levels that are required for the company to play complex music at the anticipated sound pressure levels.

The stock was down over 10% on July 04, 2018, 3:10 pm AEST.


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