Akoustis Receives Three New Wi-Fi 6E Design Wins
- Two Design Wins from Leading European Carrier-Class Wi-Fi OEM
- One Design Win from Global Network Communication Solutions Provider for Carrier-Class Wi-Fi Connectivity
- All Three Design Wins Use 4x4 MU-MIMO Architectures with One Expected to Enter Production in Calendar 2022 and Two in Calendar 2023
Charlotte, N.C., Oct. 26, 2022 (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 that it has received three new Wi-Fi 6E design wins for carrier-class applications.
Two design wins are for a leading European carrier-class Wi-Fi OEM that will be using the Akoustis 5.5 GHz and 6.5 GHz standard XBAW® coexistence filter solutions, as well as the 5.6 GHz and 6.6 GHz standard XBAW® coexistence filter solutions that allows for greater usage of the U-NII 4 band. The first Wi-Fi 6E router is expected to ramp production by the end of calendar 2022 and the second router is expected to begin ramping by the end of the March 2023 quarter. The third design win is for a global network communication solutions provider that will be using the Akoustis 5.6 GHz and 6.6 GHz standard XBAW® coexistence solutions to sell a Wi-Fi 6E extender to its carrier partner, with a production ramp expected by August of calendar 2023.
Dave Aichele, EVP of Business Development at Akoustis, stated, “We are expanding the number of new customers in high-frequency, advanced Wi-Fi systems with consumer, enterprise and now carrier-class design wins.” Mr. Aichele continued, “The interest in our portfolio of next generation Wi-Fi 6E and Wi-Fi 7 devices that offer superior performance in chip scale packages continues to grow and we expect numerous additional design wins in the coming months.”
Earlier in October, Akoustis announced new next generation Wi-Fi 6E and Wi-Fi 7 filter solutions designed to meet the stringent rejection requirements enabling coexistence with the U-NII 1-3 and U-NII 5-8 frequency bands. They offer what Akoustis believes is the best out-of-band rejection capability available today, and at a significantly reduced size given Akoustis’ new chip-scale packages manufactured in its Upstate New York semiconductor chip fabrication facility.
Akoustis is currently ramping commercial production and is investing to achieve annual production capacity of approximately 500 million units. Akoustis is actively delivering volume production of its Wi-Fi 6 and Wi-Fi 6E tandem filter solutions, shipping multiple 5G small cell XBAW® filter solutions and delivering initial designs of its new 5G mobile filter solutions to multiple customers. To date, Akoustis has received more than 20 customer design wins for its patented XBAW® filter solutions.
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 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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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
Released October 26, 2022