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Akoustis Technologies, Inc. (NASDAQ: AKTS) is a pioneering high-tech company founded in 2014 by experienced industry leaders and scientists from the University of California at Santa Barbara (UCSB) and Cornell University. Akoustis focuses on developing, designing, and manufacturing innovative RF filter solutions for the wireless industry. The company's core technology, the XBAW® manufacturing process, utilizes proprietary microelectromechanical system (MEMS) based bulk acoustic wave (BAW) technology to produce high-performance RF filters for mobile smartphones, tablets, network infrastructure equipment, Wi-Fi, customer premise equipment, automotive, and defense applications.
Akoustis’ mission is to commercialize its patent-pending Bulk ONE™ technology to significantly improve the efficiency and signal quality of mobile wireless devices and enable the Internet of Things (IoT). The company addresses the rapidly expanding BAW filter market driven by the growth in 4G/LTE networks and the increasing number of filters required per device. With nearly 2 billion mobile phones manufactured annually, Akoustis aims to enhance mobile compatibility by providing higher-performance filters essential for global operation across multiple carriers and closely packed frequency bands.
The company operates through an integrated device manufacturer (IDM) model and owns a state-of-the-art 125,000 sq. ft. ISO-9001:2015 registered commercial wafer-manufacturing facility in Canandaigua, NY. This facility includes a class 100 / class 1000 cleanroom and is equipped for the design, development, fabrication, and packaging of RF filters, MEMS, and other semiconductor devices. Akoustis is headquartered in the Piedmont technology corridor near Charlotte, North Carolina.
Recent achievements by Akoustis include:
- Announced multiple design wins and volume orders for its XBAW® filters in enterprise Wi-Fi access points and 5G infrastructure applications.
- Completed a public offering raising approximately $10 million to support operations, R&D, and business growth.
- Introduced high-performance RF filters like the new 2.4 GHz XBAW® filters for Wi-Fi and LTE coexistence, planned for production in the second half of 2024.
- Engaged in significant defense contracts, including a multi-year DARPA project to scale its XBAW® technology to 18 GHz.
- Received a Wi-Fi NOW award in collaboration with HPE Aruba Networking for Best Enterprise Wi-Fi Solution.
Akoustis continues to focus on expanding its product portfolio, enhancing production capabilities, and securing new customer engagements in target markets, aiming for sustainable growth and technological leadership in the RF filter industry.
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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