Akoustis Receives First Wi-Fi 7 Design Win from Leading Enterprise-Class Customer

• Patented XBAW Filter Solutions Power Advanced, High-Speed MU-MIMO Wi-Fi Connectivity for Enterprise Applications

• Volume Production Expected to Ramp in the Second Half of Calendar 2023

Charlotte, N.C., May 03, 2023 (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 received its first Wi-Fi 7 design win for its patented 5.5 GHz and 6.5 GHz XBAW filter solutions from a leading enterprise class customer.

Multiple Akoustis XBAW filters will be used in a multi-user, multiple-in-multiple-out (MU-MIMO) architecture to deliver high-speed data throughput for enterprise-class access points and other applications. The 5.5 GHz and 6.5 GHz allow for use of the UNII 1-3 and UNII 5-8 bands, enabling low interference and superior spectrum utilization.

Jeff Shealy, founder and CEO of Akoustis, stated, “We continue to experience robust design win activity across our Wi-Fi 6E, and now our Wi-Fi 7 portfolio of XBAW filter solutions.” Mr. Shealy continued, “Working with top-tier, leading companies is the goal of any technology supplier, and we are excited to help this customer deliver the highest quality, highest speed Wi-Fi connectivity moving forward.”

Akoustis continues to experience strong demand and a growing sales funnel for its Wi-Fi, 5G mobile, and 5G infrastructure products, as well as its new XBAW and RFMi resonator and oscillator products. During the December 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. Akoustis has entered the market with its new Wi-Fi 7 coexistence XBAW filter solutions, and to date 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 annual production capacity increase at its New York fab to approximately 0.5 billion filters per year.