Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or
the “Company”), an integrated device manufacturer (IDM) of patented
bulk acoustic wave (BAW) high-band RF filters for mobile and other
wireless applications, announced today a development order for a
new C-band XBAWTM filter that will be used in Unmanned Aircraft
Systems (UASs) for control and non-payload communication (CNPC)
links.
Under the new purchase order, Akoustis will
develop and deliver samples of the XBAW™ filter for the UAS
application by the end of September 2020 for testing and
evaluation. The Company expects it will be able to deliver
qualified XBAWTM filters and expects to receive orders for
commercial product by the end of March 2021.
CNPC is Command and Control (C2) frequency
modulated radio intended for point-to-point or networked UAS
operations for Beyond Line of Sight Operation (BLOS). The new
customer is in the defense business, but the filter will have wider
market applications including commercial and consumer drones and
other aircraft.
The new filter will operate in a key C-band
frequency (within the 4-8 GHz frequency spectrum), that is under
consideration for licensing by the FCC, where Akoustis has
historically focused its development efforts and has delivered its
first designs for high-band WiFi, 5G infrastructure, 5G mobile
devices and defense applications. The filter is expected to use the
same supply chain and packaging as the current 5 GHz WiFi filters
and 5G infrastructure filters.
Jeff Shealy, Founder and CEO of Akoustis,
stated, “With the continued sampling of our existing high-band WiFi
filters, 5G filters and our defense solutions, we are experiencing
interest from new peripheral applications for our high-performance
XBAWTM filter products. We are excited to add the
cutting-edge Unmanned Aircraft Systems market as a new business
vertical which can leverage our existing technology and supply
chain.”
The UAS XBAW WiFi filter
features:
• Low insertion loss passband filter • High
frequency C-Band operation• Wide bandwidth • High rejection •
Single ended Tx/Rx ports • High power rating, maximum +30dBm• Ultra
small form factor 2.5mm x 2.0mm x 0.9mm • Performance over -40C to
+85C• RoHS compliant, Pb-free package
The UAS filter will be designed and manufactured
using the Company’s patented XBAW process housed within the
Company’s Si-MEMS Wafer Fab located in Canandaigua, NY.
Akoustis has introduced several new filters over
the past twelve months including a 5.6 GHz WiFi filter, a 5.2 GHz
WiFi filter, a 4.9 GHz band n79 filter for small cell
network infrastructure, a 3.8 GHz filter and five S-Band filters
for defense phased-array radar applications and a 3.6 GHz filter
for the CBRS 5G infrastructure market. 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 achieve design wins from current and
future customers; 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.
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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