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Audio Pixels Holdings Limited ( (AU:AKP) ) has shared an announcement.
Audio Pixels Holdings Limited has made significant progress in advancing its Digital Sound Reconstruction technology towards commercialization, with most critical steps in MEMS wafer fabrication completed. However, a key wafer bonding step did not meet required standards, prompting revisions to ensure reliability and performance. The company anticipates the completion of the first wafers by the end of August. Meanwhile, the company’s shares remain suspended on the ASX as it works to provide necessary information for reinstatement. No new unsecured loans were received this quarter, and the principal balance remains at $5,582,988.
More about Audio Pixels Holdings Limited
Audio Pixels Holdings Limited operates in the technology sector, focusing on the development and commercialization of Digital Sound Reconstruction technologies. The company specializes in MEMS (Micro-Electro-Mechanical Systems) fabrication processes, aiming to produce precision-engineered MEMS wafers for sound technology applications.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$181.1M
See more insights into AKP stock on TipRanks’ Stock Analysis page.