$Akoustis Technologies (AKTS.US)$ REASON FOR PRICE SPIKE Ako...
REASON FOR PRICE SPIKE
Akoustis Technologies Announced The Final Release To Manufacturing Of Design Updates Across Its Product Portfolio, With Rollout Of Its XBAW Design Updates
Akoustis Technologies (NASDAQ: AKTS) announced the successful rollout of design updates to its XBAW® RF filters, aiming to remove patented features claimed by Qorvo. These updates respond to the legal verdict in Qorvo, Inc. vs. Akoustis Technologies, Inc., and have been incorporated into new and existing products since Fall 2022. Despite the jury’s verdict, Akoustis asserts that the design changes do not affect the performance or reliability of its products. The company is prepared for any potential injunctions and plans to continue marketing its product portfolio effectively.
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