Akoustis Secures $8 Million in Volume XBAW® Orders with Tier-1 Customer
Akoustis announced securing $8 million in orders from a Tier-1 customer for its patented XBAW® filters. These filters will be used in Wi-Fi 6E and Wi-Fi 7 Access Points (APs), with deliveries planned through fiscal year 2025. The company will support the customer's demand with four existing and two new Wi-Fi 7 programs. The orders include ten unique filter designs, aimed at enhancing performance and offering a lower cost platform. This collaboration solidifies Akoustis' role as a key supplier in the Wi-Fi market.
- $8 million in new orders secured.
- Orders to be fulfilled through fiscal year 2025.
- Includes ten unique XBAW® filter designs.
- Support for four existing Wi-Fi 6E and two new Wi-Fi 7 programs.
- Enhanced performance and lower cost platform.
- None.
Insights
The new $8 million in orders from a Tier-1 customer indicates strong demand for Akoustis’s XBAW® filters, particularly for Wi-Fi 6E and Wi-Fi 7 technologies. This substantial backlog can enhance revenue visibility, suggesting a more predictable and stable revenue stream through fiscal year 2025. For retail investors, this is a positive signal as it implies sustained demand for Akoustis’s products, potentially leading to improved financial performance.
From a financial perspective, the commitment to deliver millions of parts over the next six months enhances operational efficiency and economies of scale, which could improve margins. Additionally, the integration of both previous and next-generation filters highlights Akoustis's innovation capability and its ability to capture market share in an evolving sector.
Investors should also be aware that while this news is promising, it's essential to monitor the company's ability to meet production timelines and manage operational risks. If Akoustis can maintain its production schedule without significant hiccups, the financial outlook remains positive. However, any delays or operational inefficiencies could lead to potential setbacks.
The focus on Wi-Fi 6E and Wi-Fi 7 access points reflects the growing demand for high-speed wireless connectivity. Akoustis's XBAW® filters are important in reducing signal interference and improving overall network performance. The inclusion of both narrowband and wideband filters demonstrates Akoustis's technological versatility and innovation in addressing a broad range of wireless applications.
The next-generation designs, which offer improved performance in smaller form factors and at lower costs, showcase Akoustis's capability to meet industry demands while optimizing manufacturing efficiency. This aligns well with market trends towards miniaturization and cost-efficiency, making Akoustis’s solutions highly competitive.
For retail investors, understanding the technology behind these filters is valuable. The advancements in XBAW® technology can lead to broader adoption in various high-performance Wi-Fi applications, potentially expanding Akoustis’s market share and driving future growth.
The collaboration with a Tier-1 customer for Wi-Fi 6E and Wi-Fi 7 solutions underscores Akoustis’s strong market position and customer relationships. This customer’s reliance on Akoustis's high-performance BAW solutions indicates confidence in the company’s technology and its capability to support next-generation wireless standards.
Market trends indicate a growing adoption of Wi-Fi 6E and Wi-Fi 7, driven by increasing demands for faster, more reliable wireless connectivity in both consumer and enterprise segments. Akoustis’s ability to secure substantial orders for these technologies positions it well to capitalize on this trend.
Retail investors should consider the long-term potential of Akoustis’s market positioning. The alignment with emerging wireless standards not only supports immediate revenue growth but also strengthens the company’s strategic prospects in a rapidly evolving market. However, it remains important to track ongoing industry developments and competitive dynamics that could impact Akoustis’s market share and growth trajectory.
- Tier-1 Customer to Utilize Multiple XBAW® Filters for Wi-Fi 6E and 7 Access Points
- Volume Orders to Satisfy Customer’s Demand Through Fiscal Year 2025
Charlotte, N.C., July 09, 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 the Company has received
The purchase orders provide a significant backlog, and the Company plans to deliver millions of parts over the next six months to support the new demand for two Wi-Fi 6E APs that have been in production over the past year and two new Wi-Fi 7 programs ramping into production. Pursuant to the purchaser orders, 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.
The collaboration highlights the robust relationship with this Wi-Fi 7 customer. The customer’s architecture heavily relies on Akoustis’ high-performance BAW solutions and advanced filter capabilities. The Company is committed to providing solutions to support its growth and market success in the Wi-Fi market.
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.
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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. 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FAQ
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