Akoustis Ships Two New 5G RF Filters to Tier-1 Mobile Customer and Receives Follow-On Order

– Follow-On Purchase Order for Additional Quantities of New 5G Filters Expected to Ship in March Quarter –

– New XBAW Ultra-High Band (UHB) 5G Filters Operate in Sub-6 GHz Frequency Spectrum –

Charlotte, N.C., Dec. 16, 2019 (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 it has completed development and shipped two additional new 5G XBAW^TM filters to its tier-1 mobile customer for handsets and other devices.

Akoustis successfully completed the design and prototype shipment of its first 5G mobile XBAW filter to its tier-1 customer in June 2019 after just two months of development. In July, the tier-1 customer awarded Akoustis a follow-on order for the development of two additional new 5G mobile filters in the sub-6 GHz radio frequency spectrum. Today’s announcement marks the completion and shipment of the new 5G XBAW filters targeting mobile devices, achieving the Company’s CYQ4 corporate milestone related to the mobile market.

Shortly after delivery of the new 5G mobile filters, Akoustis received a follow-on order from its customer for additional samples of the 5G filters. The two filters are expected to ship in early calendar 2020.

With the development of three 5G mobile filters in the UHB sub-6 GHz bands, Akoustis continues to demonstrate its expertise and capability in high-performance coexistence BAW micro filter solutions above 3 GHz.

As the sub-6 GHz 5G new radio (NR) UHB spectrum resides above 3 GHz, future filter solutions will be needed to resolve coexistence issues in 5G mobile devices. Akoustis has already developed commercial filter products at 3.8 GHz, 4.9 GHz, 5.2 GHz and 5.6 GHz across multiple end markets, proving it can produce BAW filters at the higher frequencies associated with 5G targeting sub-6 GHz spectrum.

Jeff Shealy, Founder and CEO of Akoustis, stated, “With this key achievement related to the mobile market, Akoustis continues to execute on important corporate milestones. Developing and delivering three 5G ultra-high band XBAW mobile filters in less than nine months is a significant achievement by the team at Akoustis. The Company continues to explore avenues to address opportunities for high-performance XBAW filters for the 5G mobile market.”