Audio Pixels Holdings Limited is an Australia-based company. The principal activity of the Company is holding an investment in Audio Pixels Limited of Israel. Audio Pixels Limited is engaged in the development of digital speakers. The Company’s patented technologies employ entirely new techniques to generate sound waves directly from a digital audio stream using low-cost micro-electromechanical structures (MEMS) rather than conventional loudspeaker elements. 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. Its technological platform for reproducing sounds enables the production of an entirely new generation of speakers that will exceed the performance specifications and design demands of consumer electronics manufacturers.