The offering is expected to close on or about May 24, 2024 subject to the satisfaction of customary closing conditions.
Key Points:
- The offering is expected to close on or about May 24, 2024 subject to the satisfaction of customary closing conditions.
- Roth Capital Partners is acting as the exclusive placement agent for the offering.
- Akoustis expects the gross proceeds from the offering to be approximately $10,000,000 million, before deducting the placement agent’s fees and other estimated offering expenses payable by Akoustis.
- Akoustis intends to use the net proceeds from the proposed offering for working capital and to fund operations.
Akoustis developed the updates to its XBAW® manufacturing process to remove any patented features claimed by Qorvo, Inc. in U.S. Patent Nos.
Key Points:
- Akoustis developed the updates to its XBAW® manufacturing process to remove any patented features claimed by Qorvo, Inc. in U.S. Patent Nos.
- Qorvo asserted the patents against certain XBAW® RF filters in Qorvo, Inc. vs. Akoustis Technologies, Inc., No.
- These updates have been incorporated into both new XBAW® RF filters and many earlier XBAW® filter designs since the Fall of 2022.
- Effective immediately, the Company has released these design updates to manufacturing for the remainder of its filter products that remain in production and distribution as needed to remove any potential infringement.
Charlotte, N.C., May 07, 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, will webcast its Q3FY24 results on Monday, May 13, 2024, at 8:00 am Eastern Time.
Key Points:
- Charlotte, N.C., May 07, 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, will webcast its Q3FY24 results on Monday, May 13, 2024, at 8:00 am Eastern Time.
- Management will host a question-and-answer session at the end of the call.
- To listen to the call by telephone, please dial 877-407-3982 (domestic) or 201-493-6780 (international).
- The conference call will be webcast live on the Company’s website and will be available for playback at the following URL: https://ir.akoustis.com/news-events/ir-calendar .
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.
Key Points:
- 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.
- 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.
- 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.
Charlotte, N.C., April 03, 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 two new bandedge RF filter products for Wi-Fi Automotive and Access Point applications.
Key Points:
- Charlotte, N.C., April 03, 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 two new bandedge RF filter products for Wi-Fi Automotive and Access Point applications.
- These filters are expected to ramp into production in the second half of calendar year 2024.
- Akoustis’ new Wi-Fi/LTE coexistence BAW RF filters are designed specifically for the Wi-Fi 2.4 GHz band, covering channels 1 to 11.
- Utilized in Wi-Fi routers, access points, extenders, mesh systems, mobile hotspots, ISM, and automotive, these filters offer high performance, robust power handling, and high out-of-band rejection.
Charlotte, N.C., March 11, 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 founder and CEO Jeff Shealy will attend the 36th Annual Roth Conference that takes place on March 17-19, 2024, in Laguna Niguel, California.
Key Points:
- Charlotte, N.C., March 11, 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 founder and CEO Jeff Shealy will attend the 36th Annual Roth Conference that takes place on March 17-19, 2024, in Laguna Niguel, California.
- 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.
Retrieved on:
Thursday, February 15, 2024
The event is being held in Charleston, South Carolina, at the Embassy Suites by Hilton, Charleston Convention Center from March 18-21, 2024.
Key Points:
- The event is being held in Charleston, South Carolina, at the Embassy Suites by Hilton, Charleston Convention Center from March 18-21, 2024.
- Akoustis will be featured at booth #206.
- Grinding & Dicing Services, Inc. (GDSI), an Akoustis Company, will also be present to showcase their primary services including wafer dicing, back grinding, wafer polishing, and pick and place.
- For more information about Akoustis’ participation at GOMACTech 2024, visit https://www.gomactech.net/ .
Retrieved on:
Tuesday, February 13, 2024
IDM,
CHIPS,
Q & A,
BAW,
DARPA,
Burn,
Automotive industry,
CHIPS and Science Act,
Growth,
Hertz,
ITC,
AP,
Mobile phone Charlotte, N.C., Feb. 13, 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, today announced second fiscal quarter results for the period ended December 31, 2023. Revenue was up 20% year-over-year to $7.0 million, in line with the Company’s guidance.
Key Points:
- Revenue was up 20% year-over-year to $7.0 million, in line with the Company’s guidance.
- The Company continues to take significant expense reductions and cost saving measures that are projected to reduce its operating cash flow burn rate by 30 to 38% for the March quarter.
- Jeff Shealy, founder and CEO of Akoustis, stated, “Akoustis continues to be a leader in technological innovation and sees sustainable growth.
- Akoustis will host an investor call to provide a business update and outlook, followed by a Q & A session, this morning at 8:00 am ET.
Retrieved on:
Monday, February 12, 2024
Charlotte, N.C., Feb. 12, 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 two of its patented XBAW® filters are being integrated into a Wi-Fi 7 router platform with a leading US-based carrier, catering to more than 32 million residential customers.
Key Points:
- These next-generation Wi-Fi 7 coexistence filters are designed into the customer’s 4x4 Multiple-In-Multiple-Out (MIMO) Wi-Fi 7 AP router platform.
- Akoustis’ 5.5 GHz filter facilitates coexistence with U-NII 5 thru 8, while the 6.5 GHz filter addresses coexistence with U-NII 1 thru 3.
- Both filters come in a compact 1.6 x 1.8 mm package and support architectures offering reduced latency, particularly advantageous for small carrier routers.
- The Company has already secured substantial orders from the customer, supporting a production ramp-up scheduled for the September quarter of calendar year 2024.
Retrieved on:
Thursday, February 8, 2024
Charlotte, N.C., Feb. 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 multiple narrowband and wideband patented XBAW® filters are being designed into two new programs with an enterprise Wi-Fi access point (AP) solutions provider.
Key Points:
- Multiple narrowband and wideband XBAW® filters will be employed in a company’s new suite of leading 4x4 and 2x2 multi-user, multiple-in-multiple-out (MU-MIMO) Wi-Fi 7 AP routers.
- The utilized filters span the frequency ranges of 5 to 7 GHz meeting the stringent coexist requirements covering full U-NII 1 to 4 and U-NII 5 to 8.
- Akoustis has received volume orders from the customer for supporting the development and leading to production ramp in the second half of the calendar year 2024.
- 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.
