Audio Pixels Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2020

Audio Pixels Holdings Limited is an Australia-based company that is focused on the refinement of the fabrication processes required to produce a commercial version of the Company’s micro-electromechanical structures (MEMS) based digital loudspeaker. The Company invests in Audio Pixels Limited of Israel. The Company, through its subsidiary, Audio Pixels Limited, is engaged in the development of digital speakers. The Company’s patented technologies employ new techniques to generate sound waves directly from a digital audio stream using low-cost micro-electromechanical structures (MEMS). The Company’s MEMS-based Digital Sound Reconstruction platform enables the market for audio speakers to follow the evolution of the video display market from large, heavy analog tube-based monitors to digital flat panel displays.