Business
Akoustis Reports Fourth Quarter and Full Year FY20 Results
– Company to Host Investor Update Call Today at 8:00 am ET – Charlotte, N.C., Aug. 24, 2020 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS)
About this update from Aktis Oncology, Inc.
[{"type":"text","content":"– Company to Host Investor Update Call Today at 8:00 am ET –\n Charlotte, N.C., Aug. 24, 2020 (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, will host an investor call to provide a business update and outlook, followed by a Q & A session this morning at 8:00 a.m. EDT. The call-in numbers are 877-407-3982 (domestic) or 201-493-6780 (international). The conference call will be webcast live on the Company’s website and will be available for playback at the following URL: https://ir.akoustis.com/ir-calendar. Jeff Shealy, founder and CEO of Akoustis, commented, “The June quarter delivered a strong finish to fiscal year 2020 as we began shipping RF filter products into our first two high-volume commercial markets, namely 5G small cell network infrastructure and WiFi CPE devices, at the end of the quarter”. Mr. Shealy continued, “Despite the COVID-19 pandemic, we continue to achieve our strategic milestones and are actively delivering new, high performance frequency selectivity solutions including our groundbreaking BAW-based WiFi 6E coexistence filters. With our growing catalog of commercially available RF filter products and technology aimed at large and growing markets including 5G network infrastructure, high-band WiFi, 5G mobile devices and advanced defense communications equipment, we are working to convert design wins to revenue moving forward.” Recent Business Highlights Announced the Company’s first WiFi CPE design win and filter orders from a tier-1 OEM for a retail tri-band router launching later in calendar 2020Received second 5G small cell network infrastructure design win with tier-1 OEMShipped compliant 5G band n77 high power RF filters to first tier-1 network infrastructure customerAnnounced the first 5.5 GHz BAW filter for the emerging WiFi 6E specification and shipped samples to multiple customers including tier-1 OEM and SoC companiesAnnounced the world’s first 6.5 GHz BAW filter for the emerging WiFi 6E specification that covers the recently allotted ultra-wideband 5.9 to 7.1 GHz unlicensed spectrumAnnounced first order for 5.5 and 6.5 GHz WiFi 6E coexistence filters from tier-1 enterprise OEMSigned strategic purchase agreement wi...