Monday, July 15, 2024

Akoustis Technologies Secures $8 Million XBAW® Orders: A Commitment towards Wi-Fi Market Advancement

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Akoustis Secures $8 Million in Volume XBAW® Orders with Tier-1 Customer

Akoustis Technologies, Inc. (NASDAQ: AKTS), a leading integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters, has recently announced receiving an $8 million order volume from a Tier-1 customer. This significant order will cater to the demand for four Wi-Fi Access Points (AP), correlating with both current production and scheduled increases in the latter half of the calendar year 2024.

This deal marks a substantial backlog for Akoustis, committing the company to deliver millions of parts within the next six months. These parts will support both ongoing production demands for Wi-Fi 6E APs and the commencement of new Wi-Fi 7 programs. A total of ten distinct narrowband and wideband XBAW filters, incorporating both previous and next-generation designs, are slated for delivery under these purchase orders. These newer designs prioritize improved performance in a more compact form factor and signify a move towards a lower cost platform.

Akoustis’ partnership with the customer, a frontrunner in Wi-Fi 7 technology, underscores the former’s commitment to fulfilling the rapidly growing demand in the Wi-Fi market with its advanced BAW solutions and filter capabilities. Both entities have a strong collaborative relationship, emphasizing Akoustis’ role in backing the customer’s expansion and success within the industry.

Akoustis Technologies is at the forefront of BAW RF filter solutions, driving innovation with its next-generation materials science and MEMS wafer manufacturing. Focused on meeting the burgeoning need for improved RF filters – those that offer higher bandwidth, greater frequencies, and increased output power compared to traditional BAW technology – Akoustis is setting a new industry standard. Powered by its proprietary and patented XBAW manufacturing process, Akoustis’ RF filters enable enhanced signal acquisition and superior band performance, crucial for mobile and numerous other wireless applications.

Operating out of a 125,000 sq. ft. ISO-9001:2015 registered manufacturing facility in Canandaigua, NY, Akoustis is equipped with a state-of-the-art cleanroom for the design, development, fabrication, and packaging of RF filters, MEMS, and other semiconductor devices. With its headquarters rooted in the technological hub of the Piedmont corridor near Charlotte, North Carolina, Akoustis is playing a pivotal role in the evolution of RF filtering solutions.

Akoustis’ announcements often come with forward-looking statements reflecting the company’s current expectations regarding future events. These include projections about product deliveries, market demand, and its strategic position. Despite the forward optimism, these statements carry risks inherent to technological innovation, market competition, and operational scale-up. Acknowledging these uncertainties is crucial, as they could materially impact the company’s trajectory and financial outcomes.

As Akoustis continues to expand its technological footprint and establish new benchmarks in the RF filter market, its recent $8 million order signifies not just a strong end to 2024 but also lays down a robust foundation for future growth and innovation in the increasingly competitive Wi-Fi technology space.

Alexandra Bennett
Alexandra Bennetthttps://www.businessorbital.com/
Alexandra Bennett is a seasoned business journalist with over a decade of experience covering the global economy, finance, and corporate strategies. With a Bachelor's degree in Economics and a Master's in Business Journalism from Columbia University, Alexandra has built a reputation for her insightful analysis and ability to break down complex economic trends into understandable narratives. Prior to joining our team, she worked for major financial publications in New York and London. Alexandra specializes in mergers and acquisitions, market trends, and economic

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