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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 the development of a new 5G mobile XBAW filter for a tier-1 RF module maker, following a purchase order received in December 2021. The filter aims to address difficult coexistence frequency band requirements in 5G mobile technology. Production is planned for 2024, with initial sample deliveries expected in late 2022. Akoustis is ramping up its commercial production, targeting annual capacity of approximately 500 million units and has achieved over 20 design wins for its XBAW filter solutions.
Akoustis Technologies (AKTS) reported a record revenue of $5.2 million for Q4 FY22, reflecting a 140% year-over-year increase. The company anticipates a greater than 200% rise in revenue for the current quarter, supported by strong demand across multiple sectors, including 5G and Wi-Fi. Despite supply chain challenges, Akoustis is expanding its chip manufacturing in New York, potentially benefiting from the CHIPS Act. The company has achieved 12 production customers and increased its annual production capacity to 0.5 billion filters.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced two significant design wins in the gaming market for their Wi-Fi 6E XBAW® filter products. The first design win is for a gaming router utilizing MU-MIMO architecture, while the second is for a leading end-user gaming device. Both products are set to ramp production by mid-calendar 2023. Akoustis aims to enhance data throughput and reduce latency, as these innovations signal growing interest beyond their core router market. The company is ramping its commercial production capacity to approximately 500 million units annually.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced the successful tour of its semiconductor fab by Senate Majority Leader Charles Schumer, highlighting the impact of the CHIPS and Science Act of 2022. This bipartisan legislation allocates over $52 billion to boost U.S. semiconductor manufacturing and science innovation. Akoustis anticipates significant opportunities for growth, particularly in the Rochester area, where the company aims to produce billions of RF filter chips annually for 5G networks and other wireless applications. Akoustis has invested over $65 million in its NY facility, aiming for a production capacity of approximately 500 million units.
Akoustis Technologies (NASDAQ: AKTS) is set to enter production of its new filters by late 2023. The company has developed and shipped a second iteration of a 5G XBAW® filter to a customer, aiming for volume production in mid-2023. Additionally, Akoustis received a development order for two new XBAW® filters targeting the Wi-Fi 6E access point market. The company is ramping up commercial production with a goal of 500 million units annually and has secured over 20 design wins for its patented filter solutions.
Akoustis Technologies, Inc. (NASDAQ: AKTS) will webcast its Q4FY22 results on September 12, 2022, at 8:00 am ET, followed by a Q&A session. Interested parties can join via telephone at 877-407-3982 (domestic) or 201-493-6780 (international), or watch the live webcast on the Company's website. Akoustis is ramping commercial production and plans to achieve an annual capacity of approximately 500 million units, focusing on Wi-Fi 6, Wi-Fi 6E, and 5G filter solutions. The Company has secured over 20 customer design wins for its XBAW® filter technology.
Akoustis Technologies (NASDAQ: AKTS) announced the development of two new Wi-Fi 7 diplexers utilizing XBAW RF filters after receiving an order from a Fortune 100 Internet company. Pre-production is slated for the second half of 2023, with full production expected in early 2024. The diplexers target applications in AR/VR and wearables, marking a significant step in Akoustis’ product expansion. The company aims for an annual production capacity of 500 million units, building on over 20 customer design wins for its XBAW solutions.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced its participation in the 3rd Annual Needham Semiconductor and SemiCap Conference from August 24-25, 2022. Senior management will hold one-on-one meetings on August 24 for interested investors. The company is ramping production capacity to 500 million units annually and has achieved over 20 design wins for its XBAW® filter solutions, including Wi-Fi 6 and 5G small cell filters. Akoustis aims to capture the growing RF filter market with its advanced manufacturing techniques and a dedicated facility in Canandaigua, NY.
Akoustis Technologies announced that CEO Jeff Shealy will discuss the CHIPS and Science Act 2022 on Cavuto: Coast to Coast at 1:20 PM ET. Key topics include the global chip shortage, 5G network rollouts, and the company’s XBAW® filter products. Akoustis is producing Wi-Fi 6 tandem filters and has secured over 20 customer design wins for its XBAW® filters, highlighting ongoing growth and market engagement. The company operates a manufacturing facility in New York, supporting its expansion in the RF filter market.
Akoustis Technologies (NASDAQ: AKTS) announced progress in its 5G mobile filter development, unveiling the second design iteration of its XBAW® filter, recently shipped to a foundry customer. The new filter targets mobile applications and is expected to ramp production in late 2023. The company has achieved over 20 design wins for its XBAW® solutions and is advancing its wafer-level packaging technology at its New York facility. CEO Jeff Shealy highlighted mobile sector growth as a significant opportunity for Akoustis, with expectations for substantial market penetration in the coming years.
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