Akoustis Receives Two Design Wins with Tier-1 Network Infrastructure Customer

• Tier-1 Customer to Use High-Performance Akoustis XBAW^® Filters for Two Wi-Fi 7 Fixed Wireless Access Enterprise and Home Gateway Platforms
• Company Has Received Orders to Support Production Ramp Throughout Calendar Year 2024

Charlotte, N.C., May 01, 2024 (GLOBE NEWSWIRE) -- 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 the integration of four high-performance patented XBAW^® filters into two new platforms with a Tier-1 Network Infrastructure customer.

These innovative filters, leveraging XBAW^® technology, will be incorporated into the customer’s quad-band Wi-Fi 7 enterprise and home gateway solution with 4x4 Multiple-In-Multiple-Out (MIMO) on each band. Specifically, the two filters utilized boast a narrow passband of 345 MHz in the 5-Hi GHz band and an ultra-wide passband of 1180 MHz in the full 6 GHz band to enhance the router’s capabilities, supporting multi-link operation for increased throughput and reduced latency.

In addition, Akoustis will supply two other filters for the customer’s tri-band Wi-Fi 7 home gateway solution with 4x4 MIMO on each band. These filters operate at 5.5 and 6.5 GHz and enable coexistence with U-NII-1 thru 3 bands and U-NII-5 thru 8 bands. Orders from the customer for both platforms have been received, with production ramp scheduled throughout calendar year 2024.

Dave Aichele, Executive Vice President of Business Development of Akoustis, stated, “We are excited to expand our customer portfolio to include this Tier-1 Network Infrastructure customer providing Wi-Fi FWA solutions as we deploy our advanced filters into these innovative platforms.” Mr. Aichele continued, “Our XBAW^® filters remain pivotal in enhancing performance and connectivity within innovative Wi-Fi 7  gateway platforms.”  

Akoustis maintains its momentum with robust demand and an expanding sales pipeline for its XBAW^® filter products, in addition to its new XBAW^®/SAW resonator and oscillator products, and semiconductor back-end services. The Company continues to secure new design wins in its target markets including Wi-Fi, 5G Infrastructure, Automotive and Defense, many of which are slated to ramp into production in the coming months.

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 legacy polycrystalline BAW technology. The Company utilizes its proprietary and patented 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 poly-crystal, single-crystal, and other high purity piezoelectric materials and the resonator-filter process technology which enables optimal trade-offs between critical power, frequency and bandwidth performance specifications.

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 125,000 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.

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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:
Kenneth Boller
Akoustis Technologies
Chief Financial Officer
(704) 274-3598
kboller@akoustis.com