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Audio Pixels (ASX:AKP) readies technology for in-person demonstrations

Consumer Discretionary
ASX:AKP      MCAP $181.1M
28 July 2021 08:55 (AEST)

Source: Audio Pixels

Digital loudspeaker developer, Audio Pixels (AKP) has announced it is continuing to upgrade its demonstration systems by incorporating recently packaged transducers.

This is encouraging news for the company as it has faced delays in receiving the packaged chips. These form part of its micro-electro-mechanical systems (MEMS) digital speaker from a third party provider in Israel, initially due to COVID-19 and then logistical complications.

Audio Pixels is focused on its technological platform for reproducing sound. The company says the platform enables the production of a new generation of speakers it believes will exceed the performance specifications and design demands of electronics manufacturers.

On June 30, AKP reported it was redesigning and making adjustments to the fabrication of the packaged printed circuit board substrate, and working to improve assembly tools and techniques.

Additionally, AKP advised while it was able to produce improvements to the quality and yield of the packaged chips, getting the advanced chips packaged could be delayed due to a recent outbreak of the delta variant of COVID-19 in Israel.

The company said in a statement that the demo systems were currently undergoing extensive testing, optimisation and fine-tuning in order to achieve performance objectives set for customer introductions.

If performance specifications are met, Audio Pixel plans to conduct in-person demonstrations to industry players who maintain relevant staffing in Israel and who have expressed interest in the technology.

The demonstrations are scheduled for the latter part of August and AKP said it intended to provide future updates on the industry actions if confidentiality clauses allowed.

Shares were trading 4.62 per cent down at $27.66 each at 10:33 am AEST.

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