Technology Company Secures $8 Million Order
Akoustis Secures $8 Million in Volume XBAW® Orders with Tier-1 Customer.
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Akoustis Technologies, Inc. (NASDAQ: AKTS), an integrated device manufacturer specializing in patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, has recently announced the acquisition of $8 million in new orders from a Tier-1 customer. These orders pertain to the supply of components for four Wi-Fi Access Points (AP), which are either currently in production or expected to commence production in the latter half of 2024. This development marks a milestone for Akoustis, indicating robust demand for its advanced BAW solutions and its ability to cater to high-profile clients in the competitive wireless market. The orders will entail the delivery of millions of parts over the next six months, including both existing and new generation XBAW® filters, thereby showcasing the company's technological prowess and commitment to innovation.
The Scope of the Orders
The recent purchase orders from the Tier-1 customer provide Akoustis with a substantial backlog, ensuring a consistent production schedule for the upcoming months. Specifically, the orders cover the demand for two Wi-Fi 6E APs that have been in production for the past year, as well as two new Wi-Fi 7 programs that are set to ramp into production. This strategic alignment will result in the delivery of ten unique narrowband and wideband XBAW® filters. Of these ten filters, four are from previous generations, while six are next-generation designs aimed at offering enhanced performance within a smaller form factor. This evolution in design signifies an overall reduction in platform costs, aligning with market demands for more efficient and cost-effective solutions. The collaboration between Akoustis and its Tier-1 customer reveals the strength and reliability of their partnership. The reliance on Akoustis' high-performance BAW solutions and advanced filter capabilities demonstrates the pivotal role the company plays in supporting the customer's technological advancements and market expansion efforts in the Wi-Fi sector.
Akoustis' commitment to delivering tailored solutions that meet specific client requirements has been a driving force behind this successful relationship. By continuously innovating and adapting to market needs, Akoustis ensures its customers can achieve growth and success in an increasingly competitive landscape. Akoustis Technologies, Inc. is a leading provider of BAW RF filter solutions, known for pioneering next-generation materials science and MEMS wafer manufacturing. The company's focus is on addressing the market demands for improved RF filters by targeting higher bandwidth, higher operating frequencies, and higher output power compared to legacy polycrystalline BAW technology.
Proprietary XBAW® Manufacturing Process
Central to Akoustis' success is its proprietary and patented XBAW® manufacturing process. This advanced production technique enables the creation of bulk acoustic wave RF filters designed for mobile and other wireless markets. These filters facilitate signal acquisition and enhance band performance between the antenna and digital backend, driven by advancements in materials science and resonator-filter process technology. Akoustis owns and operates a 125,000 square foot ISO-9001:2015 registered commercial wafer-manufacturing facility located in Canandaigua, New York. This state-of-the-art facility includes a class 100/class 1000 cleanroom, outfitted for 150-mm diameter wafers, and is dedicated to the design, development, fabrication, and packaging of RF filters, MEMS, and other semiconductor devices. The company's headquarters are situated in the Piedmont technology corridor near Charlotte, North Carolina, which is a hub for technological innovation.
The company's technological edge is further bolstered by its use of high purity piezoelectric materials such as poly-crystal and single-crystal, which drive superior performance in its RF filters. The resonator-filter process technology developed by Akoustis allows for optimal trade-offs between critical power, frequency, and bandwidth performance specifications, setting the company apart in the field of RF filter solutions.
Market Impact and Future Prospects
The $8 million order from a Tier-1 customer not only solidifies Akoustis' position as a key player in the RF filter market but also highlights its capacity to meet large-scale demands with high-quality, innovative products. The inclusion of next-generation filters in these orders indicates a forward-thinking approach, positioning the company to leverage emerging technologies such as Wi-Fi 6E and Wi-Fi 7. As the wireless market continues to evolve, the demand for more efficient and higher-performing RF filters is expected to grow. Akoustis' commitment to research and development, coupled with its advanced manufacturing capabilities, positions the company to capitalize on these trends and maintain its competitive edge.
Akoustis Technologies, Inc.'s recent announcement of securing $8 million in volume orders from a Tier-1 customer is a testament to the company's technological innovation and strategic partnerships. By delivering high-performance BAW solutions tailored to market needs, Akoustis continues to play a crucial role in the advancement of wireless communication technologies.
Disclaimer: This article is for informational purposes only and should not be considered as financial advice. It is based on publicly available information and does not constitute a recommendation to buy or sell any securities.
Real-time information is available daily at https://stockregion.net