Akoustis Receives Development Order from New RF Front End Module Maker Customer
Akoustis Technologies (NASDAQ: AKTS) announced a new development order for Wi-Fi 6E/7 XBAW® filter solutions targeting the access point market. This order comes from a leading Asian RF front-end module maker, with qualified parts expected by mid-2024. Akoustis aims to leverage its existing designs and extensive product portfolio to support the customer's enhancement of their Wi-Fi offerings. The company reports strong demand for its Wi-Fi, 5G mobile, and infrastructure products, achieving multiple design wins and increasing production capacity to approximately 0.5 billion filters annually.
- Received a new development order for Wi-Fi 6E/7 XBAW® filters, indicating strong market demand.
- Plans to deliver qualified parts by the first half of 2024, showcasing effective timelines.
- Over 20 customer design wins for XBAW® filter solutions, enhancing market position.
- Increasing annual production capacity to approximately 0.5 billion filters reflects growing sales.
- Expanding product portfolio in response to high-performance technology needs.
- None.
- New Order for the Development of Wi-Fi 6E/7 XBAW Filter Products
- Filter Solutions to Target the Wi-Fi Access Point Market
- Targeting Product Introduction in 1st Half of CY2024
Huntersville, N.C., April 04, 2023 (GLOBE NEWSWIRE) -- 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 it has received a new development order for a Wi-Fi 6E/7 XBAW® filter solution for the access point market from a leading Asian RF front-end module maker. Akoustis will help design and develop filters for this new customer, with qualified parts expected in the first half of calendar 2024.
Akoustis will help develop two new Wi-Fi 6E and Wi-Fi 7 XBAW® filter solutions, leveraging its existing designs, for integration into the front-end modules of this new customer. Headquartered in Asia, this new customer is a leading RF front-end module maker for Wi-Fi applications and plans to enhance its product portfolio through the addition of BAW technology into its Wi-Fi 6E/7 products. Akoustis was chosen due to its design capability as well as its expanding, high-performance Wi-Fi BAW product portfolio.
Jeff Shealy, founder and CEO of Akoustis stated, “Our XBAW® technology continues to be a popular option for 5G mobile and Wi-Fi customers as they can design proprietary filters for their products using our high quality, high-performance technology.” Mr. Shealy continued, “We expect the number of 5G mobile and Wi-Fi filters that leverage our XBAW® technology to expand for the foreseeable future, as well as other filters aimed at many other developing markets.”
Akoustis continues to experience strong demand and a growing sales funnel for its Wi-Fi, 5G mobile, and 5G infrastructure products, including CBRS XBAW® filters, as well as its new XBAW® and RFMi resonator and oscillator products. During the December 2022 quarter, the Company shipped multiple samples of its new 5G XBAW® wafers completed with its advanced wafer-level packaging (WLP) technology. Akoustis continues to add new Wi-Fi design wins, many of which are expected to ramp into production in calendar 2023.
Akoustis is actively delivering volume production of its Wi-Fi 6 and 6E tandem filter solutions, shipping multiple 5G small cell XBAW® filter solutions, and delivering initial designs of its new 5G mobile filter solutions to multiple customers, and has entered the market with its new Wi-Fi 7 coexistence XBAW® filter solutions. To date, Akoustis has received more than 20 customer design wins for its patented XBAW® filter solutions.
Given the rapidly growing sales funnel activity, as well as ongoing interaction with customers regarding expected ramps in 5G mobile, Wi-Fi 6, and Wi-Fi 6E in calendar 2023, the Company is completing the increase to annual production capacity at its New York fab to approximately 0.5 billion filters per year.
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 plans to service the fast growing, multi-billion-dollar RF filter market, using its integrated device manufacturer (IDM) business model. The Company owns and operates a 120,000 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.
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These and other risks and uncertainties are described in more detail in the Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of the Company’s most recent Annual Report on Form 10-K and in subsequently filed Quarterly Reports on Form 10-Q. Considering these risks, uncertainties and assumptions, the forward-looking statements regarding future events and circumstances discussed in this document may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements included in this document speak only as of the date hereof and, except as required by law, we undertake no obligation to update publicly or privately any forward-looking statements, whether written or oral, for any reason after the date of this document to conform these statements to new information, actual results or to changes in our expectations.
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