AKOUSTIS TECHNOLOGIES, INC. - AKTS STOCK NEWS

Akoustis Technologies, Inc. (NASDAQ: AKTS) has appointed Kamran Cheema as the new Chief Product Officer, effective immediately. Cheema, who joined the company in August 2021 as VP of Engineering, has over 30 years of experience in RF technology. He will oversee product design and device engineering, focusing on the development of acoustic RF filter products for markets such as 5G mobile and Wi-Fi. Akoustis is actively manufacturing Wi-Fi 6 tandem solutions and has secured over 20 customer design wins for its XBAW® filter technology.

Akoustis Technologies, Inc. (NASDAQ: AKTS) has secured a multi-year, multi-million dollar contract from the Defense Advanced Research Projects Agency (DARPA) to enhance its patented XBAW technology for high-band RF filters. This initiative aims to extend operational capability to 18 GHz, targeting both commercial and defense markets. The company's CEO, Jeff Shealy, highlighted advancements in BAW resonator technology to maintain high quality factors at elevated frequencies. Additionally, Akoustis is scaling its NY fabrication facility to support increased production for burgeoning 5G and Wi-Fi markets.

Akoustis Technologies, Inc. (NASDAQ: AKTS) will exhibit at the IEEE MTT International Microwave Symposium 2022 in Denver from June 21-23. Dr. Rama Vetury will present on miniaturized Wi-Fi 6E diplexer technology. Akoustis will showcase products including RF BAW filters and SAW filters, targeting the rapidly growing demand for Wi-Fi 6 and 5G solutions. The company is ramping up production capacity to 500 million filters annually in response to increasing customer engagements and design wins, exceeding 20 to date.

Akoustis Technologies (NASDAQ: AKTS) announced the ramp-up of production for its XBAW filters used in Aruba's new Wi-Fi 6E Access Points, the AP-635 and AP-655. These Access Points are the first to support full Wi-Fi 6E and 5 GHz spectrum simultaneously, enhancing technology leadership in the industry. With multiple custom filters integrated, they achieve optimal performance across tri-band coverage. Akoustis plans to increase its production capacity to 500 million filters annually, responding to a growing demand for 5G and Wi-Fi solutions.

Akoustis Technologies, Inc. (NASDAQ: AKTS) is set to attend multiple investor conferences in June 2022. Key dates include the 19th Annual Craig-Hallum Institutional Investor Conference on June 1, the Loop Capital Markets Annual Investor Conference on June 2, and the UBS Future of 5G Day on June 3. The Stifel 2022 Cross Sector Insight Conference is scheduled for June 8, featuring a presentation by management. Lastly, the 8th Annual ROTH London Conference will run from June 21-23. Akoustis is increasing its production capacity to approximately 500 million filters annually in response to strong market demand.

Akoustis Technologies, Inc. (NASDAQ: AKTS) announced that CEO Jeffrey Shealy will present at the 2022 CS MANTECH Conference on May 11, 2022, at 1:40 pm PT. The presentation will focus on the company’s advancements in Single Crystal AlScN-on-Silicon XBAW RF Filter Technology for 5G and Wi-Fi 6E applications. Akoustis aims to increase production capacity to 500 million filters per year due to rising demand for its patented solutions. The company has secured over 20 customer design wins and is actively shipping various filters for mobile and wireless markets.

Akoustis Technologies, Inc. (NASDAQ: AKTS) announced its participation in the 7th Annual Oppenheimer Emerging Growth Conference scheduled for May 10, 2022. Senior management will present virtually due to ongoing pandemic concerns. Investors can access the presentation on Akoustis' investor website. The company is experiencing increased demand, actively producing Wi-Fi 6 solutions and expanding its New York facility's production capacity to approximately 500 million filters annually. Akoustis has secured over 20 design wins for its XBAW™ filter solutions, reinforcing its position in the high-tech RF filter market.

Akoustis Technologies (NASDAQ: AKTS) has successfully shipped its second of two filters for a tier-1 5G mobile RF component customer. These filters, developed to solve 5G/Wi-Fi coexistence issues, are part of Akoustis's proprietary wafer-level-package (WLP) technology. The first filter's production is set to ramp up in early CY23. The company has received over 20 customer design wins and aims to increase its annual production capacity to approximately 500 million filters at its New York facility, targeting the rapidly growing 5G mobile device market.

Akoustis Technologies, Inc. (NASDAQ: AKTS) reported record revenue of $4.6 million for Q3 FY22, a 25% increase sequentially. The growth was driven by XBAW™ filter sales, with expectations for over 30% sequential growth in Q4 FY22. As of March 31, 2022, the company held $55.9 million in cash. Akoustis successfully integrated RFMi, expanding its product portfolio. The company sees robust customer demand in 5G and Wi-Fi markets, adding new design wins and customers. Despite improvements, the net loss was $14.7 million due to high operating expenses.