Akoustis Technologies (AKTS) Announces Purchase Order from New Tier-1 Mobile Customer – StreetInsider.com

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StreetInsider.com Top Tickers, 12/16/2021
Akoustis Technologies, Inc. (NASDAQ: AKTS), 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 purchase order from a new tier-1 module maker customer for the development of a 5G mobile XBAW™ filter.
Akoustis plans to help develop initial samples of the filter in the next several months and establish a foundry arrangement with the customer targeting production ramp in the second half of calendar 2023.
The new customer is a multi-billion-dollar tier-1 module maker that plans to use Akoustis’ leading patented XBAW™ technology to deliver best-in-class 5G mobile modules in challenging bands above 2GHz. Upon successful delivery of this initial filter, the Company expects the customer will look to develop additional 5G mobile filters using the Company’s XBAW™ and Process Design Kit (PDK), creating the opportunity for an expanded foundry relationship.
Jeff Shealy, founder and CEO of Akoustis, stated, “Our engagements and activity with 5G mobile customers targeting CY23/24 production ramps continue to expand beyond earlier expectations.” Mr. Shealy continued, “Successfully delivering this initial 5G XBAW™ filter and entering a foundry agreement with this customer would open up the possibility of multiple significant filter design wins.”
Akoustis has shipped multiple 5G small cell XBAW™ filter solutions, is actively delivering volume production of its WiFi 6 tandem filter solutions, is 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 5G mobile, WiFi 6 and WiFi 6E in calendar 2022, the Company plans to increase the annual production capacity at its New York fab to approximately 500 million filters per year.
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