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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 (NASDAQ: AKTS) announced a significant milestone by securing a WiFi 6E reference design with a Tier 1 SoC vendor. This design utilizes the 5.5 GHz and 6.5 GHz XBAW filter modules, enhancing sales opportunities for Akoustis's filters in next-gen routers. The reference design is expected to be available in the second half of calendar 2021. With the FCC's recent approval of additional unlicensed spectrum, demand for high-performance filters is expected to rise. Akoustis is also ramping up production capacity to meet the increasing demand for its RF filter solutions.
Akoustis Technologies (NASDAQ: AKTS) announced its participation in the 33rd Annual Roth Conference from March 15-17, 2021. The company’s management will engage in a fireside chat at 11:00 am ET on March 15, which will be webcast live. Akoustis is focused on high-performance XBAW® RF filters for 5G, WiFi, and radar applications, entering production across multiple markets in 2020. The company plans to expand its New York fabrication facility due to a growing backlog and is launching several new filter products to meet increasing demand.
Akoustis Technologies (NASDAQ: AKTS) announced that holders of its 6.5% Convertible Senior Notes due 2023 converted their notes into equity, resulting in the issuance of 4,983,633 shares of common stock. This discharge of indentures eliminates all associated liens, enhancing the company’s financial standing. Akoustis is ramping up production of its XBAW® RF filters for various applications, including 5G and Wi-Fi, and plans to expand its manufacturing capacity in New York to meet growing demand.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced its participation in the Loop Capital 2021 Investor Conference on March 11-12, 2021. The event will be conducted virtually due to Covid-19. Interested investors can schedule meetings via their Loop Capital representative or by reaching out to Akoustis’ investor relations. The company has seen increasing interest in its XBAW® RF filters, which support 5G applications, high-band WiFi, and radar systems. Akoustis is also expanding production capacity in New York to meet growing demand for its new filters and solutions.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announces participation in the Tenth Annual Susquehanna Technology Conference from March 9-11, 2021. Due to Covid-19, the event will be virtual. The Company is gaining traction with its high-frequency XBAW® RF filters, expanding its product line to include filters for 5G and WiFi 6 markets. They plan to scale production capacity at their New York facility in response to a growing backlog. Akoustis has added 15 new filters to its catalog, targeting both commercial and defense sectors, while pursuing advancements in next-gen materials and semiconductor manufacturing.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced a design win and volume order for its 3.6 GHz XBAW® filter solution aimed at last-mile connectivity, targeting network operators. The customer anticipates ramping production in the second half of 2021. This order follows significant interest in Akoustis' XBAW® filter portfolio post-CBRS auctions, which provided new spectrum for cellular carriers. The company also revealed a 500% capacity expansion plan for its New York facility to meet anticipated demand and recently added 15 new filters to its catalog for various market applications, including 5G and WiFi 6E.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced a non-brokered registered direct offering, raising approximately $21.5 million by selling 1.5 million shares at $14.36 each, set to close today. Additionally, the company secured about $14.1 million through at-the-market offerings. The total gross proceeds from both offerings amount to roughly $35.6 million. Akoustis plans a 500% capacity expansion at its New York facility to meet demand for 5G and WiFi 6E applications, further doubling its manufacturing capacity. Fifteen new filters have been added to its product catalog, targeting various wireless markets.
Akoustis Technologies has announced the development of a new wafer-level-chip-scale-packaging (WLCSP) for its XBAW® RF filters, designed for 5G mobile devices and infrastructure. This packaging solution, which aligns with the industry's demand for smaller components, will be fully manufactured in North America. The first WLCSP device is anticipated to be qualified by the end of Q1 2021, with production expected to begin in June 2021. This innovation aims to unlock new market opportunities and enhance Akoustis' position in the growing RF filter industry.
Akoustis Technologies (AKTS) reported a 30% revenue increase above guidance, driven by demand across 5G mobile, WiFi, and infrastructure markets. The company plans to double manufacturing capacity by the end of 2021 to meet expected demand. In the December quarter, revenue reached $1.308 million, though losses increased to $11.91 million. Key highlights include new customer orders for XBAW filters, achieving design-lock on WiFi 6E filters, and a growing backlog of RF products. Akoustis continues to drive strategic milestones amid market expansion.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced a volume order for its XBAW WiFi 6E RF filters from a tier-1 customer. The filters will support a new MU-MIMO router targeting the consumer market, expected to enter production in the second half of 2021. The company’s XBAW filters cover critical frequency bands from 5.1 to 7.1 GHz, facilitating robust performance in WiFi 6E applications. With increasing demand for high-performance filters, Akoustis anticipates significant revenue growth. The FCC's recent approval of new frequency bands is a pivotal development for the WiFi 6E market.
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