– AKF-1252 XBAW Filter to be Evaluated for Reference
Design in 802.11ax Tri-Band WiFi CPE Platforms –
Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or
the “Company”), an integrated design and manufacturer (IDM) of
patented bulk acoustic wave (BAW) high-band RF filters for mobile
and other wireless applications, announced it has received a
pre-production order for its 5.2 GHz XBAW™ filters from a leading
WiFi system-on-chip (SoC) company. The filters will be evaluated
for a reference design targeting tri-band WiFi customer premise
equipment (CPE).
The reference design is expected to be
compatible with both 4x4 and 8x8 multi-user, multiple-in,
multiple-out (MU-MIMO) architectures for the 802.11ax WiFi radio
standard. Tri-band MU-MIMO architectures demand significantly
higher filter content than dual band architectures. A 4x4 MU-MIMO
design requires a total of 12 filters; four 2.4 GHz, four 5.2 GHz,
and four 5.6 GHz filters, meanwhile an 8x8 design requires a total
of 24 filters; eight 2.4 GHz, eight 5.2 GHz, and eight 5.6 GHz
filters. The AKF-1252 was chosen for evaluation in this reference
design due to its high performance and significantly smaller size
relative to incumbent dielectric resonator filters. This initial
shipment is for evaluation and approval, which is expected by the
end of Q2 CY19.
This is Akoustis’ third purchase order for its
5.2 GHz WiFi BAW filters. Akoustis has received pre-production
orders for the AKF-1252 from a separate multi-billion-dollar Tier-1
WiFi SoC company as well as a distribution partner. In addition,
the Company has shipped pre-production AKF-1252 XBAW filters to be
evaluated for reference designs targeting tri-band WiFi
applications to a multi-billion-dollar Tier-1 WiFi OEM.
Jeff Shealy, Founder and CEO of Akoustis,
commented, “Customer interest in our high-frequency XBAW products
is increasing as highlighted by this second major WiFi SoC maker
evaluating our filters for upcoming 802.11ax platforms. We
currently have multiple companies evaluating pre-production filters
for inclusion in new product designs across multiple markets.” Mr.
Shealy, continued, “Multiple SoC customers should provide Akoustis
the opportunity to work with a greater number of OEM and ODM
customers if our product is included on reference designs, which
could accelerate our WiFi revenue opportunity later in the year and
beyond.”
The AKF-1252 is a high performance, ultra-small
passband 5.2 GHz BAW RF filter designed for use in tri-band WiFi
router applications. The filters are produced using
Akoustis’ proprietary XB1 single-crystal BAW manufacturing
process, which delivers high-performance RF filter solutions for
frequencies up to 7 GHz to address critical RF filter requirements
for existing and next generation communications applications,
including the emerging 5G mobile network. The AKF-1252 filter is up
to 23 times smaller than existing dielectric resonator (DR)
solutions in the market, making it increasingly compelling given
the introduction of MIMO and MU-MIMO architectures and the rapid
adoption of small form-factor end user devices.
The 5.2 GHz AKF-1252 pairs with Akoustis’ recently announced 5.6
GHz AKF-1256 XBAW WiFi filter - the two working in tandem to
deliver the world’s first BAW coexistence micro-filter solution for
5 GHz tri-band WiFi.
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
design and manufacturing (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.
COMPANY:
Tom Sepenzis
Akoustis Technologies
Director of Investor Relations
(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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