• Major technological and strategic breakthrough in commercializing solid-state digital loudspeaker platform
• Independent MEMS fabrication process-flow development program achieves intended objectives
• Robust and reliable fabrication process flow established, meeting product's demanding specifications

Audio Pixels Holdings Limited is pleased to announce a major technological and strategic breakthrough that materially advances the commercialisation of its groundbreaking solid-state digital loudspeaker platform. The company's advanced device architecture has consistently pushed the practical limits of conventional MEMS fabrication processes, and achieving the precision required for the second-generation MEMS transducer array had proven unattainable despite extensive engagements with multiple world-class foundry partners. In March 2025, the company initiated an independent MEMS fabrication process-flow development program to definitively determine whether a reliable, repeatable, and scalable manufacturing pathway exists for the Gen-II MEMS architecture. The program has now achieved its intended objectives, delivering a positive outcome. Test and measurement results from recently delivered wafers confirm that the company's independent process development has successfully established a robust and reliable fabrication process flow that meets the product's demanding specifications and, in several critical areas, achieves performance levels previously considered beyond the practical limits of conventional MEMS manufacturing. This milestone confirms that production of the company's devices is not only feasible but well within operational reach, and instructions have already been issued to the fabrication partner to advance additional wafers through the now-established process flow. The company's focus has now shifted to quantifying acoustic performance, and acoustic results will be reported once testing has been completed under appropriate conditions.