Akoustis Appoints Michelle L. Petock, CEO of W Greig & Company, to its Board of Directors - Seite 2

Ms. Petock commented, “It is a great privilege to join the Akoustis board of directors. It is an exciting time for the company as it is uniquely positioned to monetize tremendous market opportunities and continue its growth. I am thrilled to work with this extremely impressive board and management team to continue advancing the company’s strategic vision and deliver long-term value for shareholders.” 

Akoustis continues to experience strong demand and a growing sales funnel for its Wi-Fi, 5G mobile, and 5G infrastructure products, including CBRS XBAW filters, as well as its new XBAW and RFMi resonator and oscillator products. During the December 2022 quarter, the Company shipped multiple samples of its new 5G XBAW wafers complete with its new, advanced wafer-level packaging (WLP) technology. Akoustis continues to add new Wi-Fi design wins, many of which are expected to ramp into production in calendar 2023.

Akoustis is actively delivering volume production of its Wi-Fi 6 and 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, and has entered the market with its new Wi-Fi 7 coexistence XBAW filter solutions. To date, Akoustis has received more than 20 customer design wins for its patented XBAW filter solutions.

Given the rapidly growing sales funnel activity, as well as ongoing interaction with customers regarding expected ramps in 5G mobile, Wi-Fi 6, and Wi-Fi 6E in calendar 2023, the Company is completing the increase to annual production capacity at its New York fab to approximately 0.5 billion filters per year.

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.