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AKP audio pixels holdings limited

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Ann: Market Update - Progress Report, page-138

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damirski

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13/10/20

15:13

Post #: 48059645
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Originally posted by BobF: ↑

That is a very good question. From their announcement I don't think they can have done that task yet, but they do expect to do so shortly.
It is a bit ambiguous.

" ... Management is extremely pleased to inform its shareholders that we have achieved our quarterly objectives as defined at the AGM (May-2020) and further reiterated in Half-Yearly Report (August- 2020).

The primary goal of the diversity of technical activities outlined in the referenced plan was to produce product demonstrations. We now have two distinct technological demonstrators operating within the confines of our cleanroom:

The first involves our core single chip product which soundly depicts the products revolutionary capabilities to reproduce low frequencies that were considered to be unattainable in speakers of similar size and formfactor.
The second is a multi-chip demonstrator confirming the linear modularity of our technology. This demonstrator uses multiple chips (at this time up to 4 chips) to validate the platform’s capability to attain virtually any desired acoustic output through the use of multiples of our single chip.

The combination of both demonstrations provides critical and verifiable indicators that enables the company to intensify its engagement with the marketplace, a process that is already underway.

As mentioned previously, to provide demonstration outside the cleanroom and to collect performance data in a manner that conforms to industry standards necessitates the chips to be assembled and packaged. This effort will proceed as soon as the current nationwide COVID-19 lockdown, and global restrictions permit. The Company has posted on its website (www.audiopixels.com.au) a recording of the chipplaying inside the cleanroom. Notwithstanding the considerable background noise generated by the fan filters (FFU’s) of the cleanroom, the clip clearly demonstrates the chips frequency range and clarity of sound. ..."

I read this to mean that the sound file depicts the "chip", or rather a naked MEMS die, "playing music" through the prober, inside the cleanroom. I'm still not certain from this announcement whether this MEMS is the full structure or is still the partial structure we heard earlier. I have requested clarification but have not received any answer yet. I have to assume this is lockdown related because Danny Lewin is usually pretty good at answering reasonable questions.

I do not think a multi chip demonstrator would be built just to work with naked MEMS dies. It has to be designed for finished chips. I can't imagine they would build 2 different units. And I doubt if they have multiple probers networked together. So I assume that once they have the packaged chips they can use the demonstrators outside, or of course inside, the cleanroom. As I say, it's all a bit ambiguous.

Ambiguity aside however, I am recognising that the company has MEMS devices they say they are happy with, that are close to being packaged, demonstrated and performance tested so they can provide specs, and the delays in getting there are solely a result of the lockdowns etc. While they could make a bunch of the demonstrators complete with chips and send them to prospective customers I do not imagine that will happen until they do a razzamatazz product launch that is very decidedly under their control and a big deal is made of the release to the CE industry. And to do that your customers have to be able to come for a quick trip, not a month of quarantines.

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I didn't find this ambiguous, it appears to say the multi chip demonstrator is 'operating'.

'We now have two distinct technological demonstrators operating within the confines of our cleanroom:'
AKP Price at posting: $29.00 Sentiment: Buy Disclosure: Held
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