Akoustis Receives First 5G Mobile Orders for XBAW Filters from New Tier-1 RF Solutions Provider

Rhea-AI Summary

Akoustis Technologies, Inc. (NASDAQ: AKTS) announced new orders for the development of two XBAW filters for 5G mobile devices, with deliveries expected in the second half of 2021. This marks the company’s third 5G mobile device customer, highlighting growing interest in its patented XBAW filter technology. The new filters aim to enhance 5G/WiFi coexistence in mid and ultra-high bands. Akoustis is expanding its product catalog, having introduced 15 new filters in 2020, targeting various applications, including WiFi and radar systems.

Positive

• Received orders for two new XBAW filters for 5G mobile devices.
• Delivery of initial samples aimed for the second half of 2021.
• Added third 5G mobile device customer, further expanding market presence.
• Introduced 15 new filters in 2020, diversifying product catalog.

Negative

• None.

– Orders for Development of Two XBAW Filters for 5G/WiFi Coexistence Devices Targeting Multiple OEMs and ODMs –

– New Customer is Company’s Third 5G Mobile Device Customer –

Charlotte, N.C., Dec. 16, 2020 (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 two orders from a tier-1 5G RF solutions provider for the development of two new XBAW^® filters for the 5G mobile device market.

The new XBAW^® filter developments are targeting 5G/WiFi coexistence in the mid and ultra-high bands. Akoustis targets delivery of initial samples in the second half of calendar 2021 for consideration in filter modules for 5G smartphones, tablets, and other mobile devices.

This is the third 5G mobile customer announced by Akoustis. The Company Is currently working with two other RF front-end customers to develop 5G, WiFi and ultra-high frequency 5G/WiFi coexistence filters.

Commenting on the announcement, Jeff Shealy, founder and CEO of Akoustis, stated, “While we remain focused on our growing success in the WiFi CPE and 5G network infrastructure markets, we are excited about the increased interest in our patented XBAW^® filter technology for 5G mobile devices.” Mr. Shealy, continued, “The 5G mobile market represents the largest opportunity for Akoustis moving forward.  Our early customer orders from both tier-1 and tier-2 companies for 5G mobile filters validates the strength of our growing XBAW^®filter portfolio.”       

Akoustis’ high frequency, high performance XBAW^® process and filters are experiencing growing interest as the Company has entered production in multiple markets in calendar 2020, including 5G network infrastructure, high-band WiFi and phased-array radar applications.

Akoustis has added 15 filters to its product catalog including a 5.6 GHz WiFi filter, a 5.2 GHz WiFi filter, a 5.5 GHz WiFi-6E filter, a 6.5 GHz WiFi 6E filter, three small cell 5G network infrastructure filters including two Band n77 filters and one Band n79 filter, a 3.8 GHz filter and five S-Band filters for defense phased-array radar applications, a 3.6 GHz filter for the CBRS 5G infrastructure market and a C-Band filter for the unmanned aircraft systems (UAS) market. The Company is also developing several new filters for the sub-7 GHz bands targeting 5G mobile device, network infrastructure, WiFi CPE and defense markets.

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 incumbent polycrystalline BAW technology deployed today. The Company utilizes its proprietary 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 high-purity, single-crystal and associated piezoelectric materials and the resonator-filter process technology which drives electro-mechanical coupling and translates to wide filter bandwidth. 

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.

Forward-Looking Statements

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