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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 IEEE International Ultrasonics Symposium, showcasing advancements in their XBAW™ technology. The symposium runs virtually from September 6-11, 2020, with Akoustis presenting two key lectures on high-power 3.5 GHz filters and novel piezoelectric materials for 5G applications. CEO Jeff Shealy emphasized the high-performance capabilities of their products, which support various markets, including 5G network infrastructure. The company has expanded its product catalog with 14 new RF filters, enhancing its position in the growing RF filter market.
Akoustis Technologies has secured a significant third design win for its 5G small cell network infrastructure filters from a tier-1 customer, with production anticipated in the second half of 2020. The XBAW filters are designed for 5G band n79 and complement earlier design wins. Akoustis is engaged with multiple other OEMs to expand its offerings in the market, which is projected to grow significantly. The company's product catalog now includes 14 filters, targeting high demand for advanced RF solutions across various applications.
Akoustis Technologies has launched the industry's first and only tandem ultra-wideband BAW-based filter solution tailored for WiFi 6E, covering the 5.1 to 7.1 GHz spectrum. The company received its first order from a tier-1 enterprise customer for 5.5 GHz and 6.5 GHz filters, aimed at supporting next-generation MU-MIMO platforms, with production expected to ramp in H1 2021. Akoustis anticipates this new filter solution to drive significant revenue growth, leveraging its unique position in the emerging WiFi 6E market.
Akoustis Technologies, Inc. (AKTS) hosted an investor call on August 24, 2020, to discuss its business outlook. The company reported a net revenue of $365,000 for Q4 FY20, a 350% increase in core filter product revenue, but incurred a GAAP operating loss of $8.2 million. Despite challenges due to COVID-19, Akoustis announced key design wins in 5G small cell infrastructure and advanced WiFi technologies. The firm ended Q4 with cash reserves of $44.4 million, up from $39.7 million in Q3, amid expanding product lines and strategic collaborations with tier-1 OEMs.
Akoustis Technologies (NASDAQ: AKTS) announced its participation in the 23rd Annual Oppenheimer Technology, Internet & Communications Conference, scheduled to occur virtually on August 11-12, 2020. The event is adapted for social distancing amid the Covid-19 pandemic. Akoustis is gearing up to produce high-frequency XBAW filters for various markets, including 5G networks and advanced WiFi technologies. The company has expanded its offerings with 14 new filters, targeting mobile devices and defense applications. Interested investors can schedule meetings via Oppenheimer or Akoustis' investor relations.
Akoustis Technologies (NASDAQ: AKTS) will showcase its XBAW technology and BAW filter solutions at the IEEE MTT-S International Microwave Symposium (IMS2020) from August 4-6, 2020. The virtual booth will cater to different regions with live hours focused on Europe, USA, and Asia. Akoustis will present applications for 5G infrastructure, WiFi 6, and defense. The company has expanded its product catalog with 14 new filters and is set to enter production in multiple markets. Interested parties can register for meetings via the IMS2020 registration link.
Akoustis Technologies (AKTS) announced a second design win for its n77 XBAW™ filters from a tier-1 customer for 5G infrastructure. The company aims for commercial production in the second half of 2020, following successful sample shipments. This design win highlights growing market demand for high-performance BAW filters in 5G. Akoustis noted increased customer engagements, expanding from three to over five tier-1 OEMs. The global small cell 5G market is projected to grow from $381 million in 2018 to approximately $3.5 billion by 2025, indicating strong opportunities for Akoustis's RF solutions.
Akoustis Technologies (AKTS) has entered a strategic purchase agreement with a tier-1 enterprise WiFi OEM customer for new WiFi 6E XBAW filters operating above 5 GHz. These filters will function within the recently approved 6 GHz unlicensed spectrum for next-generation WiFi 6E applications. Initial product design has commenced, with sample delivery expected by December 2020. The company aims to capture significant market opportunities in the emerging WiFi 6E sector as demand for high-frequency filters rises.
Akoustis Technologies has announced the launch of its first 5.5 GHz XBAW™ filter module designed for WiFi 6E, covering the 5.1-5.8 GHz spectrum with a notable 665 MHz bandwidth. This product is marketed to reduce interference while enhancing data throughput in high-band WiFi environments. Additionally, multiple samples have been shipped to SoC and OEM partners. The new module is part of Akoustis' strategy to lead in the high-frequency RF filter space, aligning with recent FCC spectrum approvals, which facilitate the expansion of WiFi technology.
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