Akoustis Technologies acquires wafer manufacturing facility in New York

Akoustis Technologies completed the acquisition of a 120,000 sq. ft. wafer manufacturing facility, 150-mm wafer fab tools, 57 acres of real property, and an ongoing MEMS business in Canandaigua, New York, from RF-SUNY and FRMC for $2.75 million in cash.

“Akoustis Technologies, Inc. announced today it has completed the acquisition of assets from the Research Foundation for the State University of New York(RF-SUNY) and Fuller Road Management Corporation (FRMC), an affiliate of RF-SUNY.”globenewswire.com

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• globenewswire.comAkoustis Technologies Completes Strategic Acquisition ofAkoustis, Inc.Jun 27, 2017

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