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 that it has design-locked
its new 5.5 GHz and 6.5 GHz XBAW filters for the emerging WiFi 6E
market.
The new 5.5 GHz filter module covers the entire
UNII 1-3 bands of the WiFi 6E standard, while the 6.5 GHz filter
module covers the entire UNII 5-8 bands. Both offer low power loss
at the passband, with the 5.5 GHz filter offering greater
coexistence with the 6.5 GHz band versus competing LTCC and
dielectric resonator filters. WiFi 6E adds more channels to reduce
congestion and significantly increases data throughput with
additional wider channels available in the new 6 GHz spectrum.
Akoustis expects to fully qualify its leading
tandem 5.5 GHz and 6.5 GHz WiFi 6E filters in early 2021, with
production ready filters available by the end of the June quarter.
For sample and sales inquiries please
contact: sales@akoustis.com.
Jeff Shealy, founder and CEO of Akoustis,
stated, “This is another landmark moment for Akoustis. Given our
leadership in high-band BAW micro-filter technology, we are
extremely well positioned at the early stage of the new, emerging
WiFi 6E standard to deliver high performance filtering solutions
for every kind of device that uses WiFi.” Mr. Shealy continued, “We
are currently engaged with multiple OEMs and ODMs for the
development and production of WiFi 6E devices, from routers to 5G
mobile phones, and we believe that WiFi 6E will provide Akoustis a
significant opportunity for unit and revenue growth for years to
come.”
The FCC announced in late April the approval of
5.925-7.125 GHz for unlicensed use, which is the largest spectrum
addition since the FCC allocated unlicensed spectrum for WiFi in
1989. The next generation of WiFi that is expected to use
these new frequency bands is called WiFi 6E. This approval
creates another significant new band, or combination of bands, over
the next several years. Since the FTC’s April announcement,
governments around the world have begun allocating the same or
similar spectrum for future WiFi use.
Akoustis’ high frequency, high performance XBAW®
process and filters are experiencing growing interest as the
Company has entered production in multiple markets in calendar
2020, including 5G network infrastructure, high-band WiFi and
phased-array radar applications.
Akoustis has added 15 filters to its product
catalog including a 5.6 GHz WiFi filter, a 5.2 GHz WiFi filter, a
5.5 GHz WiFi-6E filter, a 6.5 GHz WiFi 6E filter, three small cell
5G network infrastructure filters including two Band n77 filters
and one Band n79 filter, a 3.8 GHz filter and five S-Band filters
for defense phased-array radar applications, a 3.6 GHz filter for
the CBRS 5G infrastructure market and a C-Band filter for the
unmanned aircraft systems (UAS) 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® (http://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
registered 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," “might,” “would,” "will," "should," "could," “project,”
"expect," "plan," “strategy,” "anticipate," “attempt,” “develop,”
“help,” "believe," "estimate," "predict," “intend,” “forecast,”
“seek,” "potential," "continue," “future,” and similar words
(including the negative of any of the foregoing), although some
forward-looking statements are expressed differently.
Forward-looking statements are neither historical facts nor
assurances of future results, performance, events or circumstances.
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 our
ability to obtain adequate financing and sustain our status as a
going concern; our limited operating history; the results of our
research and development activities, including uncertainties
relating to semiconductor process manufacturing; the development of
our XBAW® 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
reliance on third parties to complete certain processes in
connection with the manufacture of our products; product quality
and defects; existing or increased competition; 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; our
ability to successfully scale our New York wafer fabrication
facility and related operations while maintaining quality control
and assurance and avoiding delays in output; the rate and degree of
market acceptance of any of our products; our ability to achieve
design wins from current and future customers; contracting with
customers and other parties with greater bargaining power and
agreeing to terms and conditions that may adversely affect our
business; risks related to doing business in foreign countries; any
security breaches or other disruptions compromising our proprietary
information and exposing us to liability; our ability to raise
funding to support operations and the continued development and
qualification of our products and the technologies underlying them;
our ability to service our outstanding indebtedness represented by
our $15.0 million principal amount of convertible senior secured
notes due in March 2021; and the impact of a pandemic or epidemic
or a natural disaster, including the COVID-19 pandemic, on our
operations, financial condition and the worldwide economy,
including its impact on our ability to access the capital markets;
our ability to maintain effective internal control over financial
reporting; and our ability to obtain and maintain the Trusted
Foundry accreditation of our New York wafer fabrication facility.
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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