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About Akoustis Technologies Inc. (AKTS)
Akoustis Technologies Inc. is an innovative technology company specializing in the design, development, and manufacturing of advanced radio frequency (RF) solutions. Founded in 2014 by industry veterans and scientists from the University of California at Santa Barbara (UCSB) and Cornell University, Akoustis has established itself as a key player in the growing market for Bulk Acoustic Wave (BAW) filters. The company's mission is to commercialize its proprietary BulkONE™ acoustic wave technology, which addresses the critical frequency-selectivity requirements of modern wireless communication systems.
Core Technology and Applications
At the heart of Akoustis' product portfolio is its patent-pending BulkONE™ BAW technology. This cutting-edge solution enables the development of high-performance RF filters that improve the efficiency and signal quality of mobile devices, wireless infrastructure, and IoT applications. BAW filters are essential components in modern communication systems, as they ensure compatibility across multiple frequency bands and carriers while minimizing interference. Akoustis' filters are particularly well-suited for high-frequency applications, including 4G/LTE, emerging 5G networks, and Wi-Fi technologies.
Market Opportunity
The global market for BAW filters is expanding rapidly, driven by the increasing adoption of high-end smartphones, the proliferation of IoT devices, and the rollout of advanced wireless networks. With nearly 2 billion mobile phones manufactured annually, over half of which are high-end smartphones requiring sophisticated RF solutions, Akoustis is well-positioned to capture a significant share of this growing market. The company's technology addresses the industry's pressing need for higher performance, as frequency bands become more crowded and the demand for efficient RF filters intensifies.
Competitive Landscape
Akoustis operates in a highly competitive industry alongside established players in the RF filter market. However, the company differentiates itself through its proprietary BulkONE™ technology, which offers superior performance for high-frequency applications. By leveraging its vertically integrated manufacturing capabilities and a robust intellectual property portfolio, Akoustis aims to deliver innovative solutions that meet the evolving needs of its customers.
Challenges and Strategic Focus
Despite its promising technology and market opportunities, Akoustis faces challenges such as scaling production, managing high capital expenditures, and competing with larger, more established players. The company is focused on expanding its production capacity, strengthening its customer base, and advancing its technological capabilities to maintain a competitive edge. By addressing these challenges, Akoustis seeks to solidify its position as a leader in the BAW filter market.
Conclusion
Akoustis Technologies Inc. is at the forefront of innovation in the RF filter industry, offering advanced solutions that enable the next generation of wireless communication. With its proprietary BulkONE™ technology and a focus on high-growth markets, the company is well-positioned to capitalize on the increasing demand for high-performance RF filters in smartphones, IoT devices, and beyond.
Akoustis Technologies announced the appointment of Kamran Cheema as Vice President of Engineering, effective August 18, 2021. Cheema brings over 25 years of RF experience from leading companies such as Qualcomm and TDK. He will lead 5G mobile filter and multi-chip-module development, while also aiding in wafer-level packaging deployment for 5G smartphones. Akoustis is ramping up production capacity to approximately 500 million filters annually by year-end 2021, with an expanding product catalog of RF filters aimed at 5G and WiFi 6E markets.
On August 16, 2021, Akoustis Technologies (NASDAQ: AKTS) announced an investor update call scheduled for August 30, 2021, at 8:00 a.m. ET. The call aims to provide a business update and future outlook, including a Q&A session. The company is ramping up production capacity at its New York facility to 500 million filters annually by year-end 2021. Akoustis is actively producing WiFi 6 filters and shipping 5G small cell XBAW filters, while expanding its product catalog to include new WiFi 6E coexistence solutions.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced its participation in the 24th Annual Oppenheimer Technology, Internet, and Communications Conference, taking place virtually from August 9-11, 2021. Management will present on August 9 at 1:15 pm ET, accessible via their investor relations website. The company is ramping up production capacity to 500 million filters per year by the end of 2021 due to increased demand in 5G mobile and WiFi 6E markets. Akoustis currently offers 15 commercial XBAW filters, with plans to introduce two new WiFi 6E modules, expanding their catalog to 17.
Akoustis Technologies (NASDAQ: AKTS) announced design wins and a volume pre-production order for its 3.6 GHz XBAW filters aimed at 5G network infrastructure, such as base stations and customer premise equipment (CPE). These filters will enhance last-mile connectivity through superior selectivity performance. Production is expected to ramp in early 2022, following volume pre-production shipments in Q3 2021. The company is engaged with over 10 CBRS equipment makers and aims to boost annual production capacity to 500 million filters by end of 2021.
Akoustis Technologies is expanding its technology capabilities by developing an integrated diplexer for personal computers, laptops, tablets, and other mobile devices. This initiative stems from a development order received from a tier-1 chipset maker for the WiFi 6E diplexer, which will utilize Akoustis' proprietary XBAW® filter technology. The first samples are expected to ship by Q1 2022, marking a significant step in enhancing the company's product portfolio and addressing market demands for size reduction and spectrum selectivity in high-performance wireless applications.
Akoustis Technologies (NASDAQ: AKTS) has signed a foundry agreement to produce its patented XBAW® filters for 5G mobile smartphones and other wireless devices. Manufacturing will occur at its facility in Canandaigua, NY, with volume production expected to ramp up in the second half of 2022. The agreement follows successful evaluation of initial samples provided to the customer. Akoustis aims to increase its production capacity to 500 million filters annually by the end of 2021, targeting significant growth in the mobile BAW filter market.
Akoustis Technologies (NASDAQ: AKTS) announced that its patented XBAW filters will be utilized in a new WiFi 6E router from a tier-1 OEM. The router will employ eight XBAW filters operating at 5.5 GHz and 6.5 GHz. Production of this router is anticipated to begin in early 2022, aligning with Akoustis's strategy to ramp up its production capacity to 500 million filters annually by the end of 2021. The approval of the 5.9 to 7.1 GHz spectrum by the FCC has significantly increased demand for high-performance coexistence filters, bolstering Akoustis's market position.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced participation in the Roth Virtual London Conference from June 21-23, 2021. The company is set to engage with investors through virtual meetings due to Covid-19 precautions. Akoustis is ramping production capacity at its New York facility to 500 million filters annually by the end of 2021, driven by demand for 5G and WiFi 6E solutions. They currently offer 15 commercial XBAW filters and plan to expand their product catalog, highlighting advancements in high-band RF filters for mobile and wireless applications.
Akoustis Technologies (NASDAQ: AKTS) announced that CEO Jeff Shealy will appear on Fox Business Network's The Claman Countdown at 3:30 PM EDT today. The company is ramping up volume production of its WiFi 6 tandem RF filter solutions and shipping 5G XBAW® filters. Akoustis plans to increase annual production capacity to 500 million filters by the end of 2021, driven by a growing sales funnel for 5G and WiFi 6E technologies. Currently, Akoustis has 15 commercial XBAW filters in its catalog and is set to introduce more solutions soon.
Akoustis Technologies (NASDAQ: AKTS) announced a visit from Senator Chuck Schumer to its semiconductor manufacturing facility in Canandaigua, NY. Schumer introduced the U.S. Innovation and Competition Act, which proposes $52 billion for semiconductor manufacturing and R&D programs in the U.S., aiming to make New York a hub for the industry. Jeff Shealy, CEO of Akoustis, expressed gratitude for the senator's support, highlighting the importance of on-shore manufacturing.
Akoustis plans to achieve 24/7 operation by the end of 2021 and aims to produce 500 million units annually.
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