Recently leading digital loudspeaker technology developer, Audio Pixels Holdings Limited (ASX: AKP) announced regarding three major breakthroughs in its digital speaker development process. Following this news, the company received a letter from ASX in which ASX has raised questions to Audio Pixels regarding the announcement of the major breakthroughs. The ASX has asked AKP whether the information that they have provided in the announcement is price sensitive or not and ASX also asked about the timing at which the company got aware about those major breakthroughs.
In reply to ASX, AKP has disclosed that they consider the information provide is price sensitive. Further, AKP has also informed that they became aware of the new information in the late evening of 20 December 2018 as reported by their CEO. The company has also confirmed that they are in compliance with the Listing Rules and, in particular, Listing Rule 3.1 which sets out exceptions from the requirement to make immediate disclosure of the information that is price sensitive.
Following this announcement, AKP’s share uplifted by 20.463 percent as on 24 December 2018.
The first breakthrough was related to solving the problem of stiction issue. The company has solved the problem of the stiction issue by conducting a very deep forensic examination. The company has developed proprietary measurement techniques that allow direct imaging of charging and dissipation properties of the dielectric layer. These techniques have allowed the company to see electrons as they move in and out of the investigated layer. The company had devised three different approaches to suppress the adverse effect that are specific to the company’ product. All the three approaches were fabricated, tested all three were proved to work. Among the three approaches, only one was selected as it not only proven to be robust and effective; it was also the easiest to implement. Further, that approach also reduced the layer count and number of processes required to fabricate chips. The company has filed a patent for that approach as it is potentially applicable across a wide variety of application throughout the Micro-Electro-Mechanical Systems (MEMS) industry.
Further, the company’s simplified structures which were designed to expedite the development and test various anti-stiction solutions are considered as a second major breakthrough in the digital speaker development process. When these simplified structures were used to begin the acoustic characterization of the device, the device was able to produce significant sound pressure.
The company has developed new driving algorithms to take advantage of the acoustic properties of the simplified structure. There is a certain performance difference between the simplified and full structures and the company is planning to introduce both options to the market to make the company’s offering more appealing to a broader range of applications.
The company has achieved its third major breakthrough in Sound (Playing) which is produced from its devices. The company has made great strides in advancing the playing capabilities of its devices. The company has mapped the acoustic performance of single pixels as well group of various sizes. The company has found out that the moving pixels produce acoustic energy at a very wide frequency range.
The company has demonstrated the acoustic performance of the device using the sine waves. The company is currently integrating the new algorithms into the full signal processing suit. After the completion of the integration, it is expected that the company’s devices will be able to produce any desired sound (i.e., music, speech, ultrasound, etc.).
AKP’s shares traded at $22.900 with a market capitalization of circa A$537.39 million as on 24 December 2018 (AEST 03:17 PM).
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