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LIGHTNING RELEASES (8/25/2014) – Audio Pixels Holdings Limited (ASX: AKP and OTCQX: ADPXY) is pleased to advise that it is near completion of the third phase of its four-phase development program. As has been announced previously, this phase focused on advancing critical aspects related to the mass-production and commercialization of the product. An essential element of this phase has been the extensive testing, measurement and analytic programs, designed to ensure functional compliance and fabrication uniformity crucial to the fourth and final phase of the commercial product development program.

In order to affirm the static, dynamic and functional aspects of our micro-electromechanical (MEMS) devices, the company had to invent and fabricate its own proprietary test and measurement equipment. The exceptional precision and multifunctional flexibility of the equipment not only enabled the collection of essential measurements, but additionally facilitated noteworthy experiments that were simply not possible before.  

The extensive tests conducted confirmed the viability of the structures and fabrication processes. Management is pleased to announce that all critical electrical, mechanical and acoustic parameters have been confirmed to meet or exceed expectations.

Management is also pleased to announce that these efforts have unveiled a particular phenomenon that is unique to our structures. Inventions and innovations based on this phenomenon will provide exceptional performance and cost benefits to our devices. Additional information pertaining to this discovery will be released upon completion of the necessary legal steps required to appropriately preserve and protect these inventions.

The company is progressing according to its plan to share and demonstrate the results, including music playing capabilities to select industry related audiences worldwide, during the 2nd half of this year.

Yours faithfully,

Fred Bart

Chairman

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