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Akoustis Receives Wi-Fi 7 Design Win from Tier-1 US-Based Carrier

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Akoustis Technologies, Inc. secures orders from a Tier-1 customer to integrate its next-generation 5.5 and 6.5 GHz Wi-Fi 7 XBAW® filters into a 4x4 MIMO router platform, supporting enhanced data rates and reduced latency. The production ramp-up is scheduled for the September quarter of calendar year 2024, reflecting the company's strong position in the Wi-Fi market.
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The integration of Akoustis Technologies' next-generation XBAW® filters into a major US-based carrier's Wi-Fi 7 router platform marks a significant development in the wireless technology sector. This move signals an increasing adoption of Wi-Fi 7, which is set to offer considerably higher data rates compared to its predecessor, Wi-Fi 6E. The reported data rate enhancement to approximately 46 Gbps could potentially meet the burgeoning demand for high-speed internet in residential spaces, driven by trends such as remote work, online gaming and high-definition streaming.

For stakeholders, the secured orders for a production ramp-up in the September quarter of 2024 indicate a clear revenue stream for Akoustis in the near future. This could potentially improve the company's financial performance and attractiveness to investors. However, it's crucial to monitor the execution of the production ramp-up and subsequent market adoption to assess the long-term impact on the company's bottom line.

The technical specifications of Akoustis' filters, such as the 5.5 GHz and 6.5 GHz coexistence filters, are critical for the performance of Wi-Fi 7 routers, particularly in environments with multiple overlapping frequency bands. The filters' ability to facilitate coexistence with U-NII 5 thru 8 and U-NII 1 thru 3, respectively and their compact packaging, are essential for minimizing interference and latency in high-density wireless applications. This could give Akoustis a competitive edge in the market, as efficient spectrum utilization becomes increasingly important with the proliferation of wireless devices.

Furthermore, the mention of reduced latency is particularly relevant for applications requiring real-time communication, such as gaming or video conferencing. The compact size of the filters also suggests that they could be easily integrated into a range of devices without significantly impacting form factor, which is an important consideration for manufacturers.

The announcement by Akoustis Technologies is likely to have a positive impact on its stock market performance, considering the importance of strategic partnerships in the tech industry. The collaboration with a leading carrier, which caters to over 32 million residential customers, represents a substantial market opportunity. Investors will be interested in the company's ability to scale production and maintain the quality of its high-band RF filters to meet the demands of the Wi-Fi 7 market.

It is important to evaluate the company's current valuation and how this news might be already priced into the stock. The anticipation of increased revenue from this deal could lead to an upward revision of the company's earnings forecasts. However, investors should also be aware of the risks associated with production scalability and potential market competition, which could affect the company's future financial health.

  • Tier-1 Customer to Use Akoustis’ Next-Generation 5.5 and 6.5 GHz Wi-Fi 7 XBAW® Filters in 4x4 MIMO Router Platform
  • Secures Wi-Fi 7 Filter Orders to Support Production Ramp in September Quarter of Calendar Year 2024

Charlotte, N.C., Feb. 12, 2024 (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 two of its patented XBAW® filters are being integrated into a Wi-Fi 7 router platform with a leading US-based carrier, catering to more than 32 million residential customers. 

These next-generation Wi-Fi 7 coexistence filters are designed into the customer’s 4x4 Multiple-In-Multiple-Out (MIMO) Wi-Fi 7 AP router platform. Akoustis’ 5.5 GHz filter facilitates coexistence with U-NII 5 thru 8, while the 6.5 GHz filter addresses coexistence with U-NII 1 thru 3. Both filters come in a compact 1.6 x 1.8 mm package and support architectures offering reduced latency, particularly advantageous for small carrier routers. In addition, they support enhanced Wi-Fi 7 data rates up to ~46 Gbps, which is approximately five times more than the maximum data rate of Wi-Fi 6E. The Company has already secured substantial orders from the customer, supporting a production ramp-up scheduled for the September quarter of calendar year 2024.

Jeff Shealy, founder and CEO of Akoustis, commented, “Receiving this design win signifies another completed milestone and reflects our prominent standing in the Wi-Fi market.” Mr. Shealy continued, “The incorporation of Akoustis’ Wi-Fi 7 coexistence filters into the carrier’s 4x4 MIMO Wi-FI AP router platform demonstrates our advancements in technology and delivering superior performance for small carrier routers.” 

Akoustis maintains its momentum with robust demand and an expanding sales pipeline for its XBAW® filter products, in addition to its new XBAW®/SAW resonator and oscillator products, and semiconductor back-end services. The Company continues to secure new design wins in its target markets including Wi-Fi, 5G Infrastructure, Automotive and Defense, many of which are slated to ramp into production in the coming months.

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 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

This document includes “forward-looking statements” within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, each as amended, that are intended to be covered by the “safe harbor” created by those sections. These forward-looking statements include, but are not limited to, statements about our estimates, expectations, beliefs, intentions, plans or strategies for the future (including our possible future results of operations, profitability, business strategies, competitive position, potential growth opportunities, potential market opportunities and the effects of competition), and the assumptions underlying such statements. Forward-looking statements include all statements that are not historical facts and typically are identified by use of terms such as “may,” “might,” “would,” “will,” “should,” “could,” “project,” “expect,” “plan,” “strategy,” “anticipate,” “attempt,” “develop,” “help,” “believe,” “think,” “estimate,” “predict,” “intend,” “forecast,” “seek,” “potential,” “possible,” “continue,” “future,” and similar words (including the negative of any of the foregoing), although some forward-looking statements are expressed differently. Forward-looking statements are neither historical facts nor assurances of future results, performance, events or circumstances. Instead, these forward-looking statements are based on management’s current beliefs, expectations and assumptions, and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from those currently anticipated include, without limitation, risks relating to our limited operating history; our inability to generate revenues or achieve profitability; the failure of our common stock to meet the minimum requirements for continued listing on the Nasdaq Capital Market, the impact of a pandemic or epidemic or a natural disaster, including the COVID-19 pandemic, the Russian-Ukrainian conflict and other sources of volatility on our operations, financial condition and the worldwide economy, including its impact on our ability to access the capital markets; increases in prices for raw materials, labor, and fuel caused by rising inflation; our inability to obtain adequate financing and sustain our status as a going concern; the results of our research and development activities; our inability to achieve acceptance of our products in the market; general economic conditions, including upturns and downturns in the industry; existing or increased competition; our inability to successfully scale our New York wafer fabrication facility and related operations while maintaining quality control and assurance and avoiding delays in output; contracting with customers and other parties with greater bargaining power and agreeing to terms and conditions that may adversely affect our business; the possibility that the anticipated benefits from business acquisitions will not be realized in full or at all or may take longer to realize than expected; the possibility that costs or difficulties related to the integration of acquired businesses’ operations will be greater than expected and the possibility of disruptions to our business during integration efforts and strain on management time and resources; risks related to doing business in foreign countries, including rising tensions between the United States and China;  any cybersecurity breaches or other disruptions compromising our proprietary information and exposing us to liability; our limited number of patents; failure to obtain, maintain, and enforce our intellectual property rights; claims of infringement, misappropriation or misuse of third party intellectual property, including the lawsuit filed by Qorvo, Inc. in October 2021, that, regardless of merit, has resulted in significant expense; our inability to attract and retain qualified personnel; the outcome of any current and any future litigation; our reliance on third parties to complete certain processes in connection with the manufacture of our products; product quality and defects; our inability to successfully manufacture, market and sell products based on our technologies; our ability to meet the required specifications of customers and achieve qualification of our products for commercial manufacturing in a timely manner; our failure to innovate or adapt to new or emerging technologies, including in relation to our competitors; our failure to comply with regulatory requirements; stock volatility and illiquidity; our failure to implement our business plans or strategies; and our ability to maintain effective internal control over financial reporting; our failure to obtain or maintain a Trusted Foundry accreditation or our New York fabrication facility; and shortages in supplies needed to manufacture our products, or needed by our customers to manufacture devices incorporating our products. 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.


FAQ

What is Akoustis Technologies, Inc. announcing regarding its Wi-Fi 7 XBAW® filters?

Akoustis Technologies, Inc. secures orders from a Tier-1 customer to integrate its next-generation 5.5 and 6.5 GHz Wi-Fi 7 XBAW® filters into a 4x4 MIMO router platform.

What are the key features of Akoustis' 5.5 GHz filter?

Akoustis' 5.5 GHz filter facilitates coexistence with U-NII 5 thru 8 and comes in a compact 1.6 x 1.8 mm package.

What data rates do Akoustis' filters support?

Akoustis' filters support enhanced Wi-Fi 7 data rates up to ~46 Gbps, approximately five times more than the maximum data rate of Wi-Fi 6E.

When is the production ramp-up scheduled for Akoustis' Wi-Fi 7 filters?

The production ramp-up for Akoustis' Wi-Fi 7 filters is scheduled for the September quarter of calendar year 2024.

What markets does Akoustis target for its filter products?

Akoustis targets markets including Wi-Fi, 5G Infrastructure, Automotive, and Defense for its filter products.

AKOUSTIS TECHNOLOGIES, INC.

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