Akoustis Secures Design Win and Volume Orders for Wi-Fi 7 Solution with Tier-1 Enterprise Class OEM

• Tier-1 Customer to Use High-Performance Akoustis XBAW Filters in 4X4 MU-MIMO Enterprise Router Platform
• Company Has Received Volume Orders to Facilitate Production Ramp in the Second Half of Calendar Year 2024

Charlotte, N.C., April 08, 2024 (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 high-performance narrowband patented XBAW filters are being designed into a new program with an enterprise-class original equipment manufacturer (OEM).

Multiple high-performance, narrowband XBAW filters will be utilized within the OEM’s 4x4 Multi-User, Multiple-In-Multiple-Out (MU-MIMO) Wi-Fi 7 enterprise router. These filters specifically cover the frequency range of 480 MHz U-NII 5 band while effectively attenuating signals from the full U-NII 1 to 4 bands on the lower end and U-NII 7 to 8 bands on the higher end. The filters exhibit a high out-of-band (OOB) rejection within a one-percent transition gap from the filter’s passband frequency.  Akoustis has booked volume orders from the customer to support development efforts and facilitate a production ramp-up in the second half of the calendar year 2024.

Jeff Shealy, founder and CEO of Akoustis, stated, “We are excited to announce the integration of our patented XBAW filters into an upcoming Tier-1 enterprise Wi-Fi solution.” Mr. Shealy continued, “This marks the third enterprise customer to adopt Akoustis XBAW filters, and we look forward to more as we continue to lead the industry in delivering high-performance filters to the enterprise Wi-Fi AP market.”

Akoustis maintains its momentum with robust demand and an expanding sales pipeline for its XBAW filter products, in addition to its new XBAW/SAW resonator and oscillator products, and semiconductor back-end services. The Company continues to secure new design wins in its target markets including Wi-Fi, 5G Infrastructure, Automotive and Defense, many of which are slated to ramp into production in the coming months.

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.