Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or
the “Company”), a designer and manufacturer of patented bulk
acoustic wave (BAW) high-band RF filters for mobile and other
wireless applications, announced today it has received its first
pre-production order from a new Tier-1 global system-on-chip (SoC)
maker for Akoustis’ tandem 5.2 GHz / 5.6 GHz WiFi coexistence
filters for a reference design targeting tri-band WiFi customer
premise equipment (CPE).
Akoustis expects to ship pre-production filters
to this multibillion-dollar SoC customer for evaluation and
approval in the September quarter. This new customer is the third
SoC maker to order WiFi filters for possible inclusion in a
reference design, with the first two ordering 5.2 GHz filters in
late CY18 and early CY19.
Akoustis’ 5.2 and 5.6 GHz filters operate in
tandem to create the world’s first BAW coexistence filter solution
for tri-band WiFi equipment, offering a significant size advantage
over existing dielectric resonator filters with up to 23 times
smaller footprint. The filters provide low insertion loss, meet the
demanding coexistence rejection specifications, and can be surfaced
mounted.
Jeff Shealy, Founder and CEO of Akoustis,
stated, “We are thrilled to announce our first pre-production order
for our tandem 5.2 GHz / 5.6 GHz WiFi XBAW™ filters from a new
customer which represents our third SoC customer. Both WiFi filters
leverage our patented XBAW™ filter process and utilize our backend
supply chain." Mr. Shealy continued, “Akoustis is currently
sampling its high performance 5.2 GHz and 5.6 GHz filters to
multiple leading WiFi SoC and OEMs while preparing to deliver these
products in high volume quantities.”
The reference design is expected to be
compatible with both 2X2 and 4X4 multi-user multiple-in,
multiple-out (MU-MIMO) architectures for the 802.11ax WiFi radio
standard. Regarding filter content for tri-band architectures, a
2X2 MU-MIMO CPE requires four 5 GHz filters and a 4X4 requires
eight 5 GHz filters.
Akoustis’ filters are designed and manufactured
using the Company’s patented XBAW™ process and manufactured in the
Company’s Si-MEMS Wafer Fab located in Canandaigua, NY. The Company
has multiple patents-pending related to its 5.2 GHz and 5.6 GHz
filter architecture, performance specifications and module
configuration.
Akoustis has introduced several new filters over
the past twelve months using its proprietary XBAW
manufacturing process including a 5.6 GHz WiFi filter, a 5.2 GHz
WiFi filter, a 3.8 GHz filter for defense phased-array radar
applications, a 3.6 GHz filter for the CBRS infrastructure market
and Band 25 downlink and uplink filters for LTE infrastructure. The
Company is also developing several new filters for the sub 7 GHz
bands targeting 5G mobile device, network infrastructure, WiFi CPE
and defense markets.
About Akoustis Technologies,
Inc.
Akoustis® (www.akoustis.com) is a high-tech BAW
RF filter solutions company that is pioneering next-generation
materials science and MEMS wafer manufacturing to address the
market requirements for improved RF filters - targeting higher
bandwidth, higher operating frequencies and higher output power
compared to incumbent polycrystalline BAW technology
deployed today. The Company utilizes its proprietary XBAW
manufacturing process to produce bulk acoustic wave RF filters
for mobile and other wireless markets, which facilitate
signal acquisition and accelerate band performance between the
antenna and digital back end. Superior performance is
driven by the significant advances of high-purity,
single-crystal and associated piezoelectric materials and the
resonator-filter process technology which drives electro-mechanical
coupling and translates to wide filter bandwidth.
Akoustis plans to service the fast growing
multi-billion-dollar RF filter market using its integrated
device manufacturer (IDM) business model. The Company owns and
operates a 120,000 sq. ft. ISO-9001:2015
certified commercial wafer-manufacturing facility located in
Canandaigua, NY, which includes a class 100 / class 1000 cleanroom
facility - tooled for 150-mm diameter wafers - for the
design, development, fabrication and packaging of RF filters, MEMS
and other semiconductor devices. Akoustis Technologies,
Inc. is headquartered in the Piedmont technology
corridor near Charlotte, North Carolina.
Forward-Looking Statements
This document includes “forward-looking
statements” within the meaning of Section 27A of the Securities
Act, and Section 21E of the Securities Exchange Act of 1934, as
amended, that are intended to be covered by the “safe harbor”
created by those sections. These forward-looking statements
include, but are not limited to, statements about our estimates,
expectations, beliefs, intentions, plans or strategies for the
future (including our possible future results of operations,
business strategies, competitive position, potential growth
opportunities, potential market opportunities and the effects of
competition), and the assumptions underlying such statements.
Forward-looking statements include all statements that are not
historical facts and typically are identified by use of terms such
as "may," "will," "should," "could," "expect," "plan,"
"anticipate," "believe," "estimate," "predict," “intend,”
“forecast,” “seek,” "potential," "continue" and similar words,
although some forward-looking statements are expressed differently.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, these forward-looking
statements are based on management’s current beliefs,
expectations and assumptions and are subject to risks and
uncertainties. Factors that could cause actual results to
differ materially from those currently anticipated include, without
limitation, risks relating to the results of our research and
development activities, including uncertainties relating to
semiconductor process manufacturing; the development of our
XBAWTM technology and products presently under development and
the anticipated timing of such development; our ability to protect
our intellectual property rights that are valuable to our business,
including patent and other intellectual property rights; our
ability to successfully manufacture, market and sell products based
on our technologies; the ability to achieve qualification of our
products for commercial manufacturing in a timely manner and the
size and growth of the potential markets for any products so
qualified; the rate and degree of market acceptance of any of our
products; our ability to raise funding to support operations and
the continued development and qualification of our products and the
technologies underlying them; and our ability to service our
outstanding indebtedness. These and other risks and uncertainties
are described in more detail in the Risk Factors and Management’s
Discussion and Analysis of Financial Condition and Results of
Operations sections of the Company’s most recent Annual Report on
Form 10-K and in subsequently filed Quarterly Reports on Form 10-Q.
Considering these risks, uncertainties and assumptions, the
forward-looking statements regarding future events and
circumstances discussed in this document may not occur, and actual
results could differ materially and adversely from those
anticipated or implied in the forward-looking statements. You
should not rely upon forward-looking statements as predictions of
future events. The forward-looking statements included in this
document speak only as of the date hereof and, except as required
by law, we undertake no obligation to update publicly or privately
any forward-looking statements, whether written or oral, for any
reason after the date of this document to conform these statements
to new information, actual results or to changes in our
expectations.
- 5.2 GHz & 5.6 GHz WiFi XBAW Coexistence Filters
Contact:
COMPANY:
Tom Sepenzis
Akoustis Technologies
VP of Corporate Development & IR
(980) 689-4961
tsepenzis@akoustis.com
The Del Mar Consulting Group, Inc.
Robert B. Prag, President
(858) 794-9500
bprag@delmarconsulting.com
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