Business
Akoustis Adds Third Mobile Customer
Company’s XBAW Filters Chosen for Its High Q BAW Technology Expected to Address Difficult Tx/Rx Coexist RequirementsAkoustis Expects to Deliver First Samples
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[{"type":"text","content":" Company’s XBAW Filters Chosen for Its High Q BAW Technology Expected to Address Difficult Tx/Rx Coexist RequirementsAkoustis Expects to Deliver First Samples in First Half 2022, with Production-Ready Devices Expected by End of Calendar 2022Announcement Marks the Third Active XBAW Mobile Customer Engagement for Akoustis Charlotte, NC, Nov. 01, 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 today that it has signed a statement of work with a new mobile customer to develop a XBAW™ filter for a challenging 4G/5G band. This new customer is a leading 4G/5G RF component company focused on Asian handset OEMs, which is looking to leverage Akoustis’ leading XBAW™ filter technology to address difficult frequency bands in 4G and 5G mobile applications. The customer expects to expand its use of XBAW™ filters in additional frequency bands if this initial statement-of-work is completed on time and within the stated specifications. This brings the number of active customer engagements in mobile for Akoustis to three, all of which are planning production ramps in late calendar 2022, or early calendar 2023. Jeff Shealy, founder and CEO of Akoustis, stated, “We are experiencing a growing number of customer engagements as our sales pipeline continues to expand across all of our target markets.” Mr. Shealy continued, “This new mobile customer selected our patented XBAW™ technology given its superior isolation and rejection performance, and we expect that this will be the first of multiple mobile filters we develop for this leading RF component maker over the next few years.” 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 5G mobile, WiFi 6 and WiFi 6E in calendar 2022, the Company plans to increase the annual production capacity at its New York fab by the end of...