New advanced and exclusive company wafer-level packages developed and manufactured in-house
Second of two filters under development for Tier 1 customer for 5G mobile/Wi-Fi coexistence for application in 5G smartphones and other wireless devices
Akoustis plans to ramp up production of the first filter in early 23
Charlotte, North Carolina, May 02, 2022 (GLOBE NEWSWIRE) — Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-bandwidth RF filters for mobile and other applications Wireless, today announced that it has shipped the second of two filters currently under development for a multi-billion dollar Tier 1 5G mobile RF component OEM customer. Akoustis also received a purchase order to optimize the previously produced first filter design.
Both filters are under development to solve difficult 5G/Wi-Fi coexistence issues in the mid and ultra-high bands and are being considered for customer use in filter modules for smartphones, tablets, wearables and other 5G mobile devices.
The recently shipped filter uses the company’s new proprietary Wafer-Level Package (WLP) technology. In response to global supply chain challenges, Akoustis has been developing proprietary WLP technology at its New York facility for the past year and rapidly expanding manufacturing capacity to target the 5G mobile device market with its XBAW™ filtering products. The company plans to ramp up commercial production of the first filter for this Tier 1 RF OEM customer using the new advanced WLP from the start of CY23.
Jeff Shealy, Founder and CEO of Akoustis, said, “This is the first shipment of XBAW™ filters that utilizes our new proprietary wafer-level packages that we developed and manufacture at our New York facility. . Mr. Shealy continued, “This is a significant achievement from our design and manufacturing teams and positions Akoustis to enter the 5G smartphone and mobile device market, our largest addressable filter market in terms of volume and turnover.
Akoustis is actively providing volume production of its Wi-Fi 6 tandem filtering solutions, shipping several 5G small cell XBAW™ filtering solutions, providing initial designs of its new 5G mobile filtering solutions to several customers, and has entered on the market with its new 6E Coexistence XBAW™ Wi-Fi Filtering Solutions. To date, Akoustis has received over 20 customer designs for its patented XBAW™ filter solutions.
Given the rapid growth in sales funnel activity as well as continued interaction with customers regarding expected ramps in 5G mobile, Wi-Fi 6 and Wi-Fi 6E over the timeline 2022, the company increases the annual production capacity of its New York plant to approximately 500 million filters per year.
About Akoustis Technologies, Inc.
Akoustis® (http://www.akoustis.com/) is a high-tech BAW RF filter solutions company that is at the forefront of next-generation materials science and MEMS wafer manufacturing to meet market demands for improved RF filters – targeting higher bandwidth, higher operating frequencies, and higher output power compared to the in-place polycrystalline BAW technology deployed today. The Company uses its proprietary and patented technology XBAWMT manufacturing process to produce mass acoustic wave RF filters for the mobile and other wireless markets, which facilitate signal acquisition and accelerate band performance between the antenna and the digital back-end. Superior performance is driven by significant advances in polycrystalline, high-purity, and single-crystal piezoelectric materials and resonator filter processing technology that allows optimal trade-offs between critical performance specifications for power, frequency, and bandwidth .
Akoustis plans to serve the rapidly growing multi-billion dollar RF filter market using its integrated device manufacturer (IDM) business model. The company owns and operates a 120,000 square foot ISO-9001:2015 registered commercial wafer manufacturing facility located in Canandaigua, NY, which includes a Class 100/Class 1000 clean room – equipped for 150mm diameter wafers – for the design, development, manufacture 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 Given these risks, uncertainties and assumptions, the forward-looking statements regarding the future events and circumstances discussed herein may not occur, and actual results could differ materially. and adversely from those anticipated or implied by the forward-looking statements. You should not rely on forward-looking statements as predictions of future events. 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CONTACT: COMPANY: Tom Sepenzis Akoustis Technologies VP of Corporate Development & IR (980) 689-4961 [email protected]