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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 its participation in the Craig-Hallum Alpha Select Conference on November 17, 2020. The event will take place virtually due to ongoing Covid-19 concerns. Akoustis is witnessing increased interest in its high-frequency, high-performance XBAW filters, which are now in production across various markets, including 5G infrastructure and high-band WiFi. The company has expanded its product catalog by adding 15 filters, showcasing a commitment to innovation in RF filter solutions.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced its participation in the Roth Technology Virtual Event on November 11, 2020. The company, a leader in bulk acoustic wave (BAW) RF filters, is showcasing its advanced XBAW™ technology that supports high-frequency applications, including 5G infrastructure and high-band WiFi. In 2020, Akoustis added 15 new filters to its catalog to meet growing market demands. Investors interested in connecting with Akoustis management can do so through Roth representatives or by contacting their investor relations.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announces an order for the development of a XBAW™ coexistence filter targeting 5G mobile devices. This project, expected to ramp up in the second half of 2021, comes from a leading RF front-end module maker. The order marks the second engagement from a customer for XBAW™ filters for 5G applications, emphasizing the growing demand for Akoustis' technology. The company is also undergoing a 500% capacity expansion at its Canandaigua, NY facility to meet increasing production needs.
Akoustis Technologies (NASDAQ: AKTS) hosted an investor call on Nov. 2, 2020, to discuss their business update and outlook. The company reported Q1 revenue of $636,000, marking a 74% increase from the previous quarter and 118% from core filter products. However, they incurred a GAAP operating loss of $10.3 million. Key developments include entering production in WiFi 6 and 5G networks, securing several design wins, and expanding their product catalog with 15 new filters. Despite challenges from COVID-19, the company aims for continued growth in top-line revenue.
Akoustis Technologies (AKTS) has received an order for its 3.6 GHz XBAW™ filter solution aimed at enhancing last-mile connectivity for network operators. Following the recent CBRS spectrum auctions, the company is poised for growth as it ramps production in 2021. The XBAW filters are to be used in testing fixed wireless equipment and support the rollout of 5G infrastructure. Akoustis anticipates further customer orders in this burgeoning market, which holds significant potential due to the rising demand among various communication service providers.
Akoustis Technologies (NASDAQ: AKTS) has secured a multi-year contract from DARPA under the Direct-to-Phase-2 program to develop a Piezo MEMS process design kit for its proprietary XBAW™ process. This initiative aims to enhance the design and fabrication of BAW structures, potentially leading to new applications in RF filters for both commercial and defense markets. Upon completion, DARPA may fund a Phase 3 program to support customer engagements using the new PDK. With growing interest in its XBAW™ technology, Akoustis is expanding its product catalog to include various RF filters, targeting the rapidly evolving 5G and WiFi markets.
Akoustis, Inc. (NASDAQ: AKTS) will hold an investor update call on November 2, 2020, at 8:00 a.m. ET to discuss its business outlook and recent developments. The call is open for questions and will be accessible via telephone or webcast. Akoustis, a leader in bulk acoustic wave (BAW) RF filters, has entered production in multiple sectors, including 5G and high-band WiFi, adding 15 new filters to its catalog this year. The company focuses on innovation in RF technology targeting high-performance applications.
Akoustis Technologies, Inc. (AKTS) announced the shipment of its fourth XBAW™ filter solution targeting 5G small cell networks in Asia, set for commercial production in early 2021. The new filter operates in the n79 band, following previous wins in n77 and n79 with a tier-1 customer. The CEO highlighted a strategy to expand their customer base among tier-1 and tier-2 OEMs. The small cell 5G market, expected to grow from $381 million in 2018 to $3.5 billion by 2025, is driving demand for Akoustis' advanced RF filter technology.
Akoustis Technologies (AKTS) announced a design win and pre-production order for its band n79 XBAW™ filters from a new 5G small cell customer. This marks the second engagement in the 5G small cell infrastructure sector, with Akoustis having over five active engagements. The new customer aims to finalize qualifications for its 5G network equipment by early 2021. Akoustis has also begun shipping two RF filter designs for its first 5G client. The small cell 5G market is projected to grow significantly, from $381 million in 2018 to approximately $3.5 billion by 2025, reflecting a CAGR of 37%.
Akoustis Technologies (NASDAQ: AKTS) announced its participation in the 4th Annual Lake Street Best Ideas (Big4) Growth Conference on September 17, 2020. Senior management will hold virtual meetings due to social distancing measures amid the Covid-19 pandemic. Akoustis is set to start production in multiple markets, such as 5G network infrastructure and high-band WiFi, boasting 14 new filters in its catalog, including various WiFi and 5G filters. The company targets multi-billion-dollar RF filter markets with its advanced XBAW manufacturing process.
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