ViXS to sell itself to Pixelworks for $20.2M (U.S.)

Mr. Sohail Khan reports
Pixelworks Inc. and ViXS Systems Inc. have entered into a definitive agreement under which Pixelworks will acquire all of the outstanding common shares of ViXS in an all-stock transaction consisting of approximately 3.7 million shares of Pixelworks common stock valued at approximately $20.2-million (U.S.). At the effective closing date, each share of ViXS will be exchanged for 0.04836 of a share of Pixelworks' common stock. The exchange ratio is equivalent to consideration of 26 U.S. cents per ViXS common share, based on the closing price of Pixelworks on May 17, 2017. Based on a 60-day trailing average stock price for Pixelworks of $4.65 (U.S.) per share and 21 Canadian cents (15 U.S. cents) per share for ViXS, the transaction represents a premium of approximately 47.7 per cent.
Read more: ViXS Systems Inc ( VXS )

Trio-Tech Third Quarter Net Income Increased 133% to $0.10 Per Share versus $0.04 Per Share Last Year

Nine Months Net Income Increased to $0.27 Per Diluted Share versus $0.17 Per Share in the Same Period Last Year
VAN NUYS, Calif. -- Trio-Tech International (NYSE MKT: TRT) today announced financial results for the third quarter and first nine months of fiscal 2017:
Fiscal 2017 third quarter revenue increased 5.0% to $9,825,000 compared to $9,355,000 for the third quarter of fiscal 2016.
Fiscal 2017 third quarter net income increased 133% to $350,000, or $0.10 per diluted share, compared to $150,000, or $0.04 per share, for the third quarter of fiscal 2016.
Revenue for the first nine months of fiscal 2017 increased 8.8% to $27,900,000 compared to revenue of $25,639,000 for the same period of fiscal 2016.
Net income for the first nine months of fiscal 2017 increased 60.8% to $963,000, or $0.27 per diluted share, compared to $599,000, or $0.17 per share, for the same period of fiscal 2016.
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Nova Reports Record Results for First Quarter 2017

REHOVOT, Israel, May 9, 2017 Nova (Nasdaq: NVMI), a leading innovator and a key provider of metrology solutions for advanced process control used in semiconductor manufacturing, today reported record financial results for the first quarter 2017, the period ended March 31, 2017.
First Quarter 2017 Highlights:
Record quarterly revenue of $54.4 million, up 8% sequentially and 60% year-over-year, above guidance of $50 to $54 million
GAAP net income of $13.4 million, or $0.48 per diluted share, up 60% sequentially and 336% year-over-year on a per-share basis, exceeding guidance of $0.31 to $0.39 per share
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MicroVision Awarded Development and Supply Contract for Laser Beam Scanning System by a Leading Technology Company

Contract includes $24 million for non-recurring development fees and other items and includes an upfront payment
REDMOND, Wash. --  MicroVision, Inc. (NASDAQ: MVIS), a leader in innovative ultra-miniature projection display and sensing technology, today announced that it has signed a significant contract with a major technology company to develop a Laser Beam Scanning (LBS) display system and to produce MicroVision specific components.
Under this agreement, MicroVision would develop a new generation of MEMS1, ASICs2 and related firmware for a high resolution, LBS based product the technology company is planning to produce. MicroVision would receive up to $24 million including $14 million in fees for development work that is expected to span 21 months and an upfront payment for other items. The development fees would be paid contingent on completion of milestones in 2017 and 2018. Further details on the milestone timing, amounts related to the milestones, quantity of components and other details of the contract are not being made public.
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Akoustis Signs Definitive Agreement to Acquire 120,000 Sq. Ft. Wafer Manufacturing Facility and Operation to Internalize Production of Its Patented, Single Crystal BAW RF Filters

- Acquisition Includes 150-mm Wafer Manufacturing Tools, 57-acres of Real Property and MEMS Business with $3M/year in Annual Revenue -
- Akoustis Expects to Achieve Shorter Time-To-Market by Consolidating Its Patented Single-Crystal Materials, Wafer Fabrication and RF Filter Manufacturing into Acquired Commercial Facility ----- Transaction Significantly Expands Wafer Capacity for R&D and BAW RF Filter Production -
- Akoustis Has Produced First Experimental Single-Crystal BAW Wafers in New Facility -
CHARLOTTE, N.C. and ALBANY, N.Y., March 24, 2017 -- Akoustis Technologies, Inc. (NASDAQ:AKTS) (“Akoustis” or the “Company”), a manufacturer of patented single-crystal BulkONE® bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced today it has entered into  binding, definitive agreements to acquire 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. 
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