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About Akoustis Technologies Inc. (AKTS)
Akoustis Technologies Inc. is an innovative technology company specializing in the design, development, and manufacturing of advanced radio frequency (RF) solutions. Founded in 2014 by industry veterans and scientists from the University of California at Santa Barbara (UCSB) and Cornell University, Akoustis has established itself as a key player in the growing market for Bulk Acoustic Wave (BAW) filters. The company's mission is to commercialize its proprietary BulkONE™ acoustic wave technology, which addresses the critical frequency-selectivity requirements of modern wireless communication systems.
Core Technology and Applications
At the heart of Akoustis' product portfolio is its patent-pending BulkONE™ BAW technology. This cutting-edge solution enables the development of high-performance RF filters that improve the efficiency and signal quality of mobile devices, wireless infrastructure, and IoT applications. BAW filters are essential components in modern communication systems, as they ensure compatibility across multiple frequency bands and carriers while minimizing interference. Akoustis' filters are particularly well-suited for high-frequency applications, including 4G/LTE, emerging 5G networks, and Wi-Fi technologies.
Market Opportunity
The global market for BAW filters is expanding rapidly, driven by the increasing adoption of high-end smartphones, the proliferation of IoT devices, and the rollout of advanced wireless networks. With nearly 2 billion mobile phones manufactured annually, over half of which are high-end smartphones requiring sophisticated RF solutions, Akoustis is well-positioned to capture a significant share of this growing market. The company's technology addresses the industry's pressing need for higher performance, as frequency bands become more crowded and the demand for efficient RF filters intensifies.
Competitive Landscape
Akoustis operates in a highly competitive industry alongside established players in the RF filter market. However, the company differentiates itself through its proprietary BulkONE™ technology, which offers superior performance for high-frequency applications. By leveraging its vertically integrated manufacturing capabilities and a robust intellectual property portfolio, Akoustis aims to deliver innovative solutions that meet the evolving needs of its customers.
Challenges and Strategic Focus
Despite its promising technology and market opportunities, Akoustis faces challenges such as scaling production, managing high capital expenditures, and competing with larger, more established players. The company is focused on expanding its production capacity, strengthening its customer base, and advancing its technological capabilities to maintain a competitive edge. By addressing these challenges, Akoustis seeks to solidify its position as a leader in the BAW filter market.
Conclusion
Akoustis Technologies Inc. is at the forefront of innovation in the RF filter industry, offering advanced solutions that enable the next generation of wireless communication. With its proprietary BulkONE™ technology and a focus on high-growth markets, the company is well-positioned to capitalize on the increasing demand for high-performance RF filters in smartphones, IoT devices, and beyond.
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.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced that CEO Jeff Shealy will appear on Yahoo Finance to discuss significant topics including the CHIPS and Science Act 2022, global chip shortages, and the company's made-in-America XBAW® filters. The company has achieved over 20 customer design wins for its patented filters and is in active production of various Wi-Fi 6 and 5G solutions. Akoustis aims to capture a share of the growing RF filter market from its state-of-the-art facility in New York, addressing demands for enhanced performance in mobile and wireless applications.
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.
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