Research Foundation for the State University of 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 signed definitive agreements to acquire a 120,000 sq. ft. wafer manufacturing facility in Canandaigua, New York, including MEMS business with $3M annual revenue, for $2.75 million cash.