Akoustis Receives Purchase Order from New Tier-1 Mobile Customer
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced a purchase order from a new tier-1 module maker for the development of a 5G mobile XBAW filter. Initial samples are expected in the first half of CY22, with production ramp targeted for the second half of CY23. This collaboration marks the fourth active customer engagement for Akoustis' XBAW technology. The company aims to increase its annual production capacity to approximately 500 million filters, responding to growing demand in the 5G and WiFi markets.
- Secured a purchase order from a tier-1 module maker for a 5G mobile XBAW filter.
- Plans to deliver initial samples in the first half of CY22, with production ramp expected in the second half of CY23.
- Anticipates expansion of foundry relationships due to potential multiple design wins.
- Increasing annual production capacity to approximately 500 million filters to meet high demand.
- None.
- Company to Develop and Ship XBAW Wafers for Challenging 5G Mobile Coexistence Filter
- Akoustis to Deliver Initial Samples in First Half CY22, Targeting Production Ramp in Second Half CY23
- Announcement Marks the Fourth Active XBAW Mobile Customer Engagement
Charlotte, N.C., Dec. 16, 2021 (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 purchase order from a new tier-1 module maker customer for the development of a 5G mobile XBAW™ filter.
Akoustis plans to help develop initial samples of the filter in the next several months and establish a foundry arrangement with the customer targeting production ramp in the second half of calendar 2023.
The new customer is a multi-billion-dollar tier-1 module maker that plans to use Akoustis’ leading patented XBAW™ technology to deliver best-in-class 5G mobile modules in challenging bands above 2GHz. Upon successful delivery of this initial filter, the Company expects the customer will look to develop additional 5G mobile filters using the Company’s XBAW™ and Process Design Kit (PDK), creating the opportunity for an expanded foundry relationship.
Jeff Shealy, founder and CEO of Akoustis, stated, “Our engagements and activity with 5G mobile customers targeting CY23/24 production ramps continue to expand beyond earlier expectations.” Mr. Shealy continued, “Successfully delivering this initial 5G XBAW™ filter and entering a foundry agreement with this customer would open up the possibility of multiple significant filter design wins.”
Akoustis has shipped multiple 5G small cell XBAW™ filter solutions, is actively delivering volume production of its WiFi 6 tandem filter solutions, is delivering initial designs of its new 5G mobile filter solutions to multiple customers and is now entering the market with its new WiFi 6E coexistence XBAW™ filter solutions.
Given the rapidly growing sales funnel activity as well as ongoing interaction with customers regarding expected ramps in 5G mobile, WiFi 6 and WiFi 6E in calendar 2022, the Company plans to increase the annual production capacity at its New York fab to approximately 500 million 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 incumbent polycrystalline BAW technology deployed today. The Company utilizes its proprietary and patented XBAWTM 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, high-purity and single-crystal 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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