Akoustis Completes Qualification of First Wafer-Level-Packages for 5G Mobile & Other Markets

Akoustis Completes Qualification of First Wafer-Level-Packages for 5G Mobile & Other Markets

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  • Technology qualification of Akoustis’ internally developed and manufactured WLP completed
  • Two Tier-1 5G Mobile RF and First Timing Control Customers Accept New WLP Technology and Packages
  • First products using WLP technology are expected to ramp up production in early calendar 2023

Charlotte, NC, December 21, 2022 (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 completed qualification and released its internally developed proprietary wafer-level-packaging (WLP) technology for the 5G mobile, Wi-Fi, timing and other markets.

In response to global supply chain challenges, Akoustis has spent the past year developing proprietary WLP technology in its New York manufacturing facility, while also rapidly expanding its manufacturing capacity to target the 5G mobile device, Wi-Fi, timing and other markets with its XBAW® filter products and advanced packaging. The company used its first Tier-1 5G mobile customer to exercise the manufacturing process of its new WLP technology and as the qualification vehicle. The first WLP packages are production released for the 5G mobile and timing control markets. The WLP technology enables BAW filter solutions with overall bump height of less than 0.3mm that can be integrated into an overmolded front end module.

Akoustis Founder and CEO Jeff Shealy said, “I am pleased to report that the development of our wafer-level package (WLP) technology manufactured in our New York manufacturing facility has been successfully completed.” Mr. Shealy continued, “The qualification of this new, advanced WLP process and packages enables smaller form factors, lower costs and will open up significant high-volume markets for Akoustis, including 5G smartphones, tablets and PCs, which represent the largest revenue opportunities for our XBAW represent. ® technology.”

Akoustis continues to experience strong demand and a growing sales funnel for its Wi-Fi, 5G mobile and 5G infrastructure products, including CBRS XBAW® filters, as well as its new XBAW® and RFMi resonator and oscillator products. Akoustis continues to add new Wi-Fi design wins, many of which are expected to enter production in calendar year 2023.

Akoustis is actively delivering volume production of its Wi-Fi 6 tandem filter solutions, shipping several 5G small cell XBAW® filter solutions, and delivering initial designs of its new 5G mobile filter solutions to several customers and now entering the market with its new Wi-Fi 6E coexistence XBAW® filter solutions. Akoustis has received more than 20 customer design wins to date 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 factory to approximately 0.5 billion filters per year.

About Akoustis Technologies, Inc.

Akoustis® (http://www.akoustis.com/) is a high-tech BAW RF filter solutions company pioneering next-generation materials science and MEMS wafer manufacturing to address market demands for improved RF filters – targeting higher bandwidth, higher operating frequencies and higher output power compared to legacy polycrystalline BAW technology. The company uses its proprietary and patented XBAW® manufacturing process to manufacture bulk acoustic wave RF filters for mobile and other wireless markets, facilitating signal acquisition and accelerating band performance between the antenna and digital backend. Excellent performance is driven by significant advances in poly-crystal, single-crystal and other high purity piezoelectric materials and the resonator-filter process technology that enables optimal trade-offs between critical power, frequency and bandwidth performance specifications.

Akoustis plans to serve the rapidly growing multi-billion-dollar RF filter market using its integrated device manufacturer (IDM) business model. The Company owns and operates a 120,000 sq.ft. ft. ISO-9001:2015 registered commercial wafer manufacturing facility located in Canandaigua, NY, which includes a class 100 / class 1000 cleanroom facility – ready for 150 mm diameter wafers – for the design, development, manufacturing and packaging of RF filters, MEMS and other semiconductor devices. Akoustis Technologies, Inc. is headquartered in the Piedmont Technology Corridor near Charlotte, North Carolina.

Forward-looking statements

This document includes “forward-looking statements” within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, each as amended, which are intended to be covered by the “safe harbor” provided by those sections . These forward-looking statements include, but are not limited to, statements about our estimates, expectations, beliefs, intentions, plans or strategies for the future (including our possible future results of operations, business strategies, competitive position, potential growth opportunities, potential market opportunities and the effects of competition), the expected benefits of the acquisition of RFM Integrated Device, Inc., and supply agreement with Tai-Saw, including estimated synergies and other financial impacts, and the assumptions underlying such statements. Forward-looking statements include all statements that are not historical facts and are typically identified by the use of terms such as “may,” “might,” “would,” “will,” “should,” “could,” “project,” “expect,” “plan,” “strategy,” “anticipate,” “attempt,” “develop,” “help,” “believe,” “think,” “estimate,” “predict,” “intend,” “predict ,” “seek,” “potential,” “possible,” “continue,” “future” and similar words (including the negative of any of the foregoing), although some forward-looking statements are expressed differently. Forward-looking statements are neither historical facts nor assurances of future results, performance, events or circumstances. Instead, these forward-looking statements are based on management’s current beliefs, expectations and assumptions and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from those currently anticipated include, without limitation, risks related to our inability to obtain adequate financing and maintain our status as a going concern; our limited operating history; our inability to generate revenue or achieve profitability; the results of our research and development activities; our inability to gain market acceptance of our products; the possibility that the expected benefits of business acquisitions will not be realized in full or at all or may take longer to realize than expected; the possibility that costs or problems related to the integration of acquired businesses’ operations will be greater than expected and the possibility of disruption of our business during integration efforts and pressure on management time and resources; the impact of a pandemic or epidemic or a natural disaster, including the COVID-19 pandemic, the Russian-Ukrainian conflict and other sources of volatility on our operations, financial condition and the global economy, including its impact on our ability to gain access to the capital. markets; increases in prices for raw materials, labor and fuel caused by rising inflation; general economic conditions, including industry ups and downs; shortages in supplies needed to manufacture our products, or required by our customers to manufacture devices incorporating our products; our limited number of patents; failure to obtain, maintain and enforce our intellectual property rights; claims of infringement, misappropriation, or misuse of third-party intellectual property, including the lawsuit filed by Qorvo, Inc. filed in October 2021, which, regardless of merit, could result in significant expenses and negatively impact our business results; our inability to attract and retain qualified personnel; our reliance on third parties to complete certain processes in connection with the manufacture of our products; product quality and defects; existing or increased competition; our ability to successfully manufacture, market and sell products based on our technologies; our ability to meet the required specifications of customers and achieve timely qualification of our products for commercial manufacture; our inability to successfully scale our New York wafer manufacturing facility and related operations while maintaining quality control and assurance and avoiding delays in output; the rate and degree of market acceptance of any of our products; our ability to achieve design wins from current and future clients; contracting with customers and other parties with greater bargaining power and agreeing to terms and conditions that may adversely affect our business; risks associated with doing business abroad, including China; any security breaches, cyber attacks or other disruptions that compromise our proprietary information and expose us to liability; our failure to innovate or adapt to new or emerging technologies, including with respect to our competitors; our failure to comply with regulatory requirements; results of any arbitration or litigation that may arise; stock volatility and illiquidity; dilution caused by any future issuance of common stock or securities convertible into or exercisable for common stock; our failure to implement our business plans or strategies; and our ability to maintain effective internal control over financial reporting. These and other risks and uncertainties are described in more detail in the Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of the Company’s most recent Annual Report on Form 10-K and in subsequently filed Quarterly Reports on Form 10 – V. Taking into account these risks, uncertainties and assumptions, the forward-looking statements regarding future events and circumstances discussed in this document may not occur, and actual results may differ materially and adversely from those anticipated or implied in the forward-looking statements. be implied. You should not rely on forward-looking statements as predictions of future events. The forward-looking statements included in this document speak only as of the date hereof and, except as required by law, we undertake no obligation to publicly or privately make any forward-looking statements, whether written or oral, for any reason after the date not update. of this document to adjust these statements to new information, actual results or to changes in our expectations.

Tom Sepenzis
Akoustis Technologies
VP of Corporate Development & IR
(980) 689-4961
[email protected]

The Del Mar Consulting Group, Inc.
Robert B. Prag, President
(858) 794-9500
[email protected]

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Source: Akoustis, Inc.

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