- Audio Pixels (AKP) and Chinese company Earth Mountain are set to join forces to mass-produce AKP’s digital loudspeaker products
- Through a comprehensive fabrication agreement, EM will begin volume production of AKP’s MEMS speaker within the first quarter of next year
- Under the terms of the agreement, EM has guaranteed the supply of tens of millions of digital loudspeaker chips per year
- Shares have risen 34.2 per cent to trade at $25.50
Shares have spiked in Audio Pixels (AKP) as it joins forces with Chinese company Earth Mountain to mass-produce AKP’s digital loudspeaker products.
Earth Mountain (EM) is a full-service semiconductor company, focused on mass commercialisation of devices and systems in Micro Electrical Mechanical Systems (MEMS).
It is headquartered in Suzhou with branches in Beijing and Shanghai and supports both domestic and international clients.
Through a comprehensive fabrication agreement, EM is expected to begin volume production of AKP’s MEMS speaker within the first quarter of next year.
EM has reportedly already made an investment of ‘many millions of dollars’ to produce chips that are currently used in the company’s development, customer prototypes and demonstrations systems.
Under the new agreement, EM has guaranteed the supply of tens of millions of digital loudspeaker chips per year.
CEO of EM, Helen Du, said the company is excited to be part of Audio Pixel’s international ambitions.
“We hope to expand our relationship in AKP beyond this fabrication and commercialisation agreement to include promotion, distribution and support for the products throughout greater China,” she said.,
Audio Pixels shares were trading 34.2 per cent higher at $23.50 at 11:37 am AEDT.