Akoustis Technologies, Inc. (NASDAQ: AKTS) shares were in the green Tuesday. The integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced today that the Company has received an additional purchase order for $13M from an existing Tier-1 customer to satisfy the customer’s demand for seven1 Wi-Fi Access Points (AP) production programs.
The collaboration highlights the robust relationship with this Wi-Fi Access Point customer. Including the prior $8M PO announced previously, the purchase orders are valued at greater than $21 Million and the arrangement also allows the customer to purchase additional quantities of XBAW RF filters depending on demand of their Wi-Fi AP product.
“This new purchase order cements the strong relationship Akoustis has with this Tier1 Wi-Fi AP customer, whose architecture is well-served by Akoustis’ advanced filter capabilities and XBAW® products”, stated Colin Hunt, Akoustis VP of Sales and Business Development. Mr. Hunt continued, “We plan on delivering several million units over the next 3-4 quarters to this customer—all of which are produced in our New York fab. This demand will support our customer’s existing Wi-Fi 6E and their new ramping Wi-Fi 7 platforms”.
Akoustis 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.
AKTS shares grabbed 0.07 cents, or 8%, to 9.2 cents.
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