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 received a
development order for a WiFi 6E diplexer from a tier-1 personal
computing chipset maker. The diplexer will leverage Akoustis’
industry leading XBAW® WiFi 6E filter technology with first
samples expected to ship by Q1 calendar 2022.
The development of this new diplexer expands the
Company’s high-performance WiFi 6E product portfolio beyond
discrete filter solutions by integrating two XBAW® filters which
connect to a common antenna port. The new diplexer will incorporate
Akoustis’ new chip-scale-package (CSP) technology to deliver an
ultra-small integrated module suitable for application where size
is a premium consideration.
Jeff Shealy, founder, and CEO of Akoustis,
stated, “The personal computing market is another significant
opportunity for Akoustis as we are well positioned to meet the
critical requirements including size reduction and spectrum
selectivity for WiFi 6E.” Mr. Shealy continued, “This new customer
provides significant validation for our XBAW® process and
technology, and the development of a new diplexer is the first step
in developing more complex and integrated modules for our customers
using our patented and proprietary XBAW® process.”
A diplexer is a passive radio-frequency filter
product which will allow two distinct frequency bands, such as the
5 GHz and 6 GHz frequency bands in WiFi 6E, to transmit and receive
over the same antenna.
Akoustis is actively delivering volume
production of its WiFi 6 tandem filter solutions, shipping multiple
5G small cell XBAW® filter solutions, delivering initial designs of
its new 5G mobile filter solutions to multiple customers and is now
entering the market with its new WiFi 6E coexistence XBAW® filter
solutions.
Given the rapidly growing sales funnel activity,
as well as ongoing interaction with customers regarding expected
ramps in both 5G mobile and WiFi 6E in calendar 2022, the Company
plans to increase the annual production capacity at its New York
fab by the end of calendar 2021 to approximately 500 million
filters per year.
Akoustis currently has 15 commercial XBAW
filters in its product catalog, and recently introduced 5.6 GHz and
6.6 GHz WiFi 6E coexistence filter modules, which when qualified,
will bring the number of catalog products to 17. Current product
catalog filters include 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," “think,” "estimate," "predict," “intend,”
“forecast,” “seek,” "potential," “possible,” "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; our inability to
generate revenues or achieve profitability; the results of
our research and development activities; our inability to achieve
acceptance of our products in the market; 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;
general economic conditions, including upturns and downturns in the
industry; shortages in supplies needed to manufacture our products,
or needed by our customers to manufacture devices incorporating our
products; our limited number of patents; failure to obtain,
maintain, and enforce our intellectual property rights; our
inability to attract and retain qualified personnel; 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;
our ability to meet the required specifications of customers and
achieve qualification of our products for commercial manufacturing
in a timely manner; 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, including China; any security breaches,
cyber-attacks or other disruptions compromising our proprietary
information and exposing us to liability; our failure to innovate
or adapt to new or emerging technologies; our failure to comply
with regulatory requirements; results of any arbitration or
litigation that may arise; stock volatility and illiquidity;
dilution caused by any future issuance of common stock or
securities that are convertible into or exercisable for common
stock; our failure to implement our business plans or strategies;
and our ability to maintain effective internal control over
financial reporting. 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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