Akoustis Receives an Additional Purchase Order for $13 Million XBAW® Filters from Existing Tier-1 Customer
Akoustis Technologies (NASDAQ: AKTS) has received an additional $13 million purchase order for XBAW® filters from an existing Tier-1 customer, bringing total production commitments to over $21 million. The order is for seven Wi-Fi Access Point (AP) production programs, with an option for the customer to increase quantities based on demand.
This order strengthens Akoustis' relationship with the Tier-1 Wi-Fi AP customer, whose architecture aligns well with Akoustis' advanced filter capabilities. The company plans to deliver several million units over the next 3-4 quarters, supporting both Wi-Fi 6E and new Wi-Fi 7 platforms. The order includes ten unique XBAW® filters, with six next-generation designs offering improved performance in a smaller form factor at a lower cost.
Akoustis Technologies (NASDAQ: AKTS) ha ricevuto un ulteriore ordine di acquisto di $13 milioni per i filtri XBAW® da un cliente Tier-1 esistente, portando gli impegni di produzione totale a oltre $21 milioni. L'ordine riguarda sette programmi di produzione per punti di accesso Wi-Fi (AP), con un'opzione per il cliente di aumentare le quantità in base alla domanda.
Questo ordine rafforza la relazione di Akoustis con il cliente Tier-1 AP Wi-Fi, la cui architettura si allinea bene con le avanzate capacità di filtro di Akoustis. La società prevede di consegnare diversi milioni di unità nei prossimi 3-4 trimestri, supportando sia Wi-Fi 6E che le nuove piattaforme Wi-Fi 7. L'ordine include dieci filtri XBAW® unici, con sei design di nuova generazione che offrono prestazioni migliorate in un fattore di forma più piccolo a un costo inferiore.
Akoustis Technologies (NASDAQ: AKTS) ha recibido una orden de compra adicional de $13 millones para filtros XBAW® de un cliente Tier-1 existente, llevando el total de compromisos de producción a más de $21 millones. La orden es para siete programas de producción de puntos de acceso Wi-Fi (AP), con una opción para que el cliente aumente las cantidades según la demanda.
Esta orden refuerza la relación de Akoustis con el cliente Tier-1 AP Wi-Fi, cuya arquitectura se alinea bien con las capacidades avanzadas de filtros de Akoustis. La compañía planea entregar varios millones de unidades en los próximos 3-4 trimestres, apoyando tanto las plataformas Wi-Fi 6E como las nuevas Wi-Fi 7. La orden incluye diez filtros XBAW® únicos, con seis diseños de próxima generación que ofrecen un rendimiento mejorado en un factor de forma más pequeño a un costo más bajo.
Akoustis Technologies (NASDAQ: AKTS)는 기존 Tier-1 고객으로부터 추가 1천3백만 달러의 구매 주문을 받았습니다. 이를 통해 총 생산 계약은 2천1백만 달러 이상에 달하게 되었습니다. 이 주문은 7개의 Wi-Fi 액세스 포인트(AP) 생산 프로그램에 해당하며, 고객은 수요에 따라 수량을 늘릴 수 있는 옵션도 포함되어 있습니다.
이번 주문은 Akoustis와 Tier-1 Wi-Fi AP 고객 간의 관계를 강화하며, 고객의 아키텍처는 Akoustis의 고급 필터 기능과 잘 맞습니다. 이 회사는 향후 3-4분기 동안 수백만 개의 유닛을 공급할 계획이며, Wi-Fi 6E와 새로운 Wi-Fi 7 플랫폼 둘 다를 지원합니다. 이 주문에는 10개의 독특한 XBAW® 필터가 포함되어 있으며, 6개의 차세대 디자인은 더 작은 형태로 더 낮은 비용으로 개선된 성능을 제공합니다.
Akoustis Technologies (NASDAQ: AKTS) a reçu une commande d'achat supplémentaire de 13 millions de dollars pour des filtres XBAW® d'un client Tier-1 existant, portant les engagements de production total à plus de 21 millions de dollars. La commande concerne sept programmes de production de points d'accès Wi-Fi (AP), avec une option pour le client d'augmenter les quantités en fonction de la demande.
Cette commande renforce la relation d'Akoustis avec le client Tier-1 AP Wi-Fi, dont l'architecture s'aligne bien avec les capacités de filtres avancés d'Akoustis. L'entreprise prévoit de livrer plusieurs millions d'unités au cours des 3 à 4 prochains trimestres, soutenant à la fois Wi-Fi 6E et les nouvelles plateformes Wi-Fi 7. La commande comprend dix filtres XBAW® uniques, avec six conceptions de nouvelle génération offrant de meilleures performances dans un format plus compact à un coût inférieur.
Akoustis Technologies (NASDAQ: AKTS) hat eine zusätzliche Bestellung über 13 Millionen Dollar für XBAW®-Filter von einem bestehenden Tier-1-Kunden erhalten, wodurch sich die Gesamtproduktionsverpflichtungen auf über 21 Millionen Dollar erhöhen. Die Bestellung betrifft sieben Programme zur Herstellung von Wi-Fi Access Points (AP), mit der Option für den Kunden, die Mengen je nach Nachfrage zu erhöhen.
Diese Bestellung stärkt die Beziehung von Akoustis zu dem Tier-1 Wi-Fi AP-Kunden, dessen Architektur gut mit den fortschrittlichen Filterfähigkeiten von Akoustis harmoniert. Das Unternehmen plant, in den nächsten 3-4 Quartalen mehrere Millionen Einheiten zu liefern, um sowohl Wi-Fi 6E als auch die neuen Wi-Fi 7-Plattformen zu unterstützen. Die Bestellung umfasst zehn einzigartige XBAW®-Filter, von denen sechs Designs der nächsten Generation sind, die verbesserte Leistung in einem kompakteren Format zu niedrigeren Kosten bieten.
- Received additional $13 million purchase order from existing Tier-1 customer
- Total production commitments increased to over $21 million
- Customer option to increase order quantities based on demand
- Plans to deliver several million units over next 3-4 quarters
- Order includes ten unique XBAW® filters, with six next-generation designs
- None.
Insights
This $13 million purchase order significantly bolsters Akoustis' revenue outlook. With total commitments now exceeding
Akoustis' success in securing this large order for their XBAW® filters is a testament to the technology's performance in Wi-Fi applications. The inclusion of both Wi-Fi 6E and Wi-Fi 7 platforms indicates Akoustis is well-positioned in the evolving Wi-Fi market. The next-generation designs, offering improved performance in a smaller form factor, align with industry trends towards miniaturization and efficiency. This could give Akoustis a competitive edge. The ability to produce these advanced filters in their New York fab demonstrates strong vertical integration, potentially leading to better quality control and faster time-to-market. The diversification from 4 to 10 unique filter designs also suggests Akoustis is expanding its technological capabilities, which could open doors to new markets and applications beyond Wi-Fi.
This order signifies Akoustis' strengthening position in the Wi-Fi filter market. The expansion from $8 million to over $21 million in commitments from a single Tier-1 customer indicates growing market acceptance of XBAW® technology. The customer's willingness to commit to large orders and maintain flexibility for increases suggests confidence in both Akoustis' technology and the end-market demand for high-performance Wi-Fi devices. The inclusion of both Wi-Fi 6E and Wi-Fi 7 platforms positions Akoustis well in the rapidly growing high-band Wi-Fi market. However, it's important to note the potential risk of over-reliance on a single customer. Diversifying the customer base while maintaining this strong relationship would be ideal for long-term stability and growth in the competitive RF filter market.
Charlotte, NC, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Akoustis Receives an Additional Purchase Order for
- Raises Production Commitments for XBAW RF filters from Tier-1 Customer to greater than
$21M , plus a customer option to increase order quantities
Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced today that the Company has received an additional purchase order for
The collaboration highlights the robust relationship with this Wi-Fi Access Point customer. Including the prior
“This new purchase order cements the strong relationship Akoustis has with this Tier1 Wi-Fi AP customer, whose architecture is well-served by Akoustis’ advanced filter capabilities and XBAW® products”, stated Colin Hunt, Akoustis VP of Sales and Business Development. Mr. Hunt continued, “We plan on delivering several million units over the next 3-4 quarters to this customer—all of which are produced in our New York fab. This demand will support our customer’s existing Wi-Fi 6E and their new ramping Wi-Fi 7 platforms”.
Pursuant to prior purchase orders and this new purchase order, Akoustis will be delivering a total of ten unique narrowband and wideband XBAW® filters, four of which are previous generation and six of which are next generation designs focused on providing improved performance in a smaller form factor, demonstrating an overall lower cost platform.
About Akoustis Technologies, Inc.
Akoustis® (http://www.akoustis.com/) is a high-tech BAW RF filter solutions company that is pioneering next-generation materials science and MEMS wafer manufacturing to address the market requirements for improved RF filters — targeting higher bandwidth, higher operating frequencies and higher output power compared to legacy polycrystalline BAW technology. The Company utilizes its proprietary and patented XBAW® manufacturing process to produce bulk acoustic wave RF filters for mobile and other wireless markets, which facilitate signal acquisition and accelerate band performance between the antenna and digital back end. Superior performance is driven by the significant advances of poly-crystal, single-crystal, and other high purity piezoelectric materials and the resonator-filter process technology which enables optimal trade-offs between critical power, frequency and bandwidth performance specifications.
Akoustis owns and operates a 125,000 sq. ft. ISO-9001:2015 registered commercial wafer-manufacturing facility located in Canandaigua, NY, which includes a class 100 / class 1000 cleanroom facility — tooled for 150-mm diameter wafers — for the design, development, fabrication and packaging of RF filters, MEMS and other semiconductor devices. Akoustis Technologies, Inc. is headquartered in the Piedmont technology corridor near Charlotte, North Carolina.
Forward-Looking Statements
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FAQ
What is the value of the new purchase order Akoustis (AKTS) received?
How much are the total production commitments for Akoustis (AKTS) from this Tier-1 customer?
How many Wi-Fi Access Point production programs does this new order cover for Akoustis (AKTS)?
When does Akoustis (AKTS) plan to deliver the units for this order?
