Akoustis Announces Issuance of Nine New Patents Covering BAW Filter Devices and Methods for 5G, WiFi 6, WiFi 6E and C-V2X
- New Patents Increase IP Portfolio to 47 Issued Patents and 78 Patents Pending Related to the Company’s XBAW Acoustic RF MEMS Filter Technology
Charlotte, N.C., April 27, 2021 (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 the issuance of nine new patents related to its innovative BAW resonators, piezoelectric materials, XBAW® manufacturing process, wide-bandwidth RF filters and its applications in 5G mobile and other wireless devices.
The new issuances bring the total number of Akoustis’ patents to 47, with 78 additional patents pending as of April 23, 2021. The newly issued patents include the following:
- XBAW® - Structure and Method of Manufacture for Acoustic Resonator or Filter Devices (US 10,979,011)
- XBAW® - Structure and Method of Manufacture for Acoustic Resonator or Filter Devices (US 10,931,251)
- XBAW® - Monolithic Single Chip Integrated RF Front End Module Configured with Single Crystal Acoustic Filter Devices (US 10,957,688)
- 5G – Band n79 Acoustic Wave Resonator RF Filter Circuit (US 10,979,025)
- WiFi 6 – 5.2 GHz WiFi Coexistence Acoustic Wave Resonator RF Filter Circuit (US 10,979,024)
- WiFi 6 – 5.2 GHz WiFi Acoustic Wave Resonator RF Filter Circuit (US 10,979,022)
- WiFi 6 – 5.6 GHz WiFi Acoustic Wave Resonator RF Filter Circuit (US 10,985,732)
- WiFi 6E – 5.5 GHz WiFi 5G Coexistence Acoustic Wave Resonator RF Filter Circuit (US 10,979,026)
- Automotive – 5.9 GHz C-V2X and DSRC Acoustic Wave Resonator RF Filter Circuit (US 10,979,023)
In addition to its patent portfolio, Akoustis’ IP includes the ownership of valuable trade secrets associated with manufacturing its proprietary XBAW® bulk acoustic wave (BAW) high-band RF filter products and single-crystal piezoelectric materials. More detailed information on the Akoustis patent portfolio can be found at http://www.akoustis.com/patents/.
Jeff Shealy, CEO of Akoustis, commented “Since we started Akoustis, we believed a significant IP and patent portfolio would ultimately be a key driver of value for our shareholders and other stakeholders. We will continue to invest in innovative IP to create unique RF solutions and to protect our XBAW® bulk acoustic wave technology."
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 double the annual production capacity at its New York fab by the end of calendar 2021.
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.
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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 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. 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Contact: COMPANY: Tom Sepenzis Akoustis Technologies VP of Corporate Development & IR (980) 689-4961 email@example.com The Del Mar Consulting Group, Inc. Robert B. Prag, President (858) 794-9500 firstname.lastname@example.org
Released April 27, 2021