Akoustis® Receives First Purchase Order From A Top-5 Smartphone OEM

Charlotte, N.C., Nov. 15, 2017 (GLOBE NEWSWIRE) — – Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), a manufacturer of patented single-crystal BulkONE® bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced today it has received its first purchase order from a Tier-1 smartphone OEM for two band-specific, high-frequency BAW RF filters targeting both mobile and WiFi applications. The new customer is one of the five largest smartphone manufacturers in the world.

The purchase order is for delivery of prototype BAW RF bandpass filters targeting both high band LTE and 5GHz WiFi.  Akoustis expects to deliver these filters to the customer before December 31, 2017.  This is the fifth customer engagement Akoustis has announced.

The new smartphone OEM customer selected Akoustis based on its demonstrated capability to deliver miniature RF filter solutions at frequencies up to 6GHz.  Akoustis’ patented single crystal BAW technology enables superior high frequency filter skirt performance for band coexistence requirements compared to traditional integrated passive device (IPD) and ceramic-type filters for emerging 5G mobile and existing 5GHz WiFi standards.  

Jeff Shealy, CEO of Akoustis, commented, “As we continue to improve the capability and performance of our premium high frequency BAW RF filters, we are pleased to secure our first order for prototypes from one of the premier smartphone OEMs.”  Mr. Shealy continued, “Once our customers qualify our single crystal RF filter technology, we expect to ramp production to supply RF filter solutions for high volume consumer mobile and WiFi applications.” 

Since August 2017, AKTS has separately announced initial prototype shipments of RF filters for the 4G/LTE mobile market (2.6GHz), a radar application (above 3.5GHz), the industry’s first single crystal 5.2GHz BAW RF filters for 802.11ac Tri-Band WiFi routers, and diplexer single crystal BAW filter module prototypes in the frequency spectrum below 1.5GHz – all produced out of the Company’s recently acquired wafer manufacturing facility.

Akoustis is pioneering next-generation material science to address the market requirements for improved RF filters – targeting higher bandwidth, higher operating frequencies and higher output power compared to incumbent polycrystalline BAW technology deployed today. Superior performance is driven by the significant advances of high-purity, single-crystal piezoelectric materials and the resonator-filter process technology. The advanced material properties drive electro-mechanical coupling, which translates to wide filter bandwidth. High-band RF filters are achieved by leveraging the Company’s high-sound velocity, single-crystal piezoelectric materials. These single-crystal piezoelectric materials offer high-thermal conductivity along the path of heat flow, enabling high-power handling capability of the RF filter.
About Akoustis Technologies, Inc.

Akoustis® (http://www.akoustis.com) is a high-tech RF filter solutions company that designs and manufactures its unique, patented BulkONE® technology to produce single-crystal bulk acoustic wave (BAW) RF filters for mobile and other wireless markets, which facilitate signal acquisition and accelerate band performance between the antenna and digital back end.  Its BulkONE® technology will service the fast growing multi-billion dollar market of device OEMs, network providers, and consumers to diminish Front End phone heat, battery drain and signal loss — all considered to be directly related to current RF polycrystalline filter technologies’ limitations.  The Company owns and operates a 120,000 sq. ft. ISO-9001 certified commercial wafer-manufacturing facility located in Canandaigua, NY, which includes a class 100 / class 1000 cleanroom facility – tooled for 150-mm diameter – for the design, development, fabrication and packaging of RF filters, MEMS and semiconductor devices. Akoustis is headquartered in the Piedmont technology corridor near Charlotte North Carolina.

Forward-Looking Statements
Statements in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions and are not historical facts and typically are identified by use of terms such as “may,” “will,” “should,” “could,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue” and similar words, although some forward-looking statements are expressed differently. These forward-looking statements are based on management’s current 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 relating to the results of our research and development activities, including uncertainties relating to semiconductor process manufacturing; the early stage of our BulkONE® technology presently under development; our ability to protect our intellectual property rights that are valuable to our business, including patent and other intellectual property rights; our ability to successfully market and sell our technologies; the ability to achieve high volume manufacturing in the first-half calendar year 2018 and the size and growth of the potential markets for any of our technologies, the rate and degree of market acceptance of any of our technologies and our ability to raise funding to support operations and the continued development and qualification of its premium high-band BAW RF filters utilizing its patented single-crystal piezoelectric materials. These and other risks and uncertainties, which are described in more detail in the Company’s most recent Annual Report on Form 10-K and in other reports and statements filed with the Securities and Exchange Commission. In light of these risks, uncertainties and assumptions, the forward-looking statements regarding future events and circumstances discussed in this press release may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements.  You should not rely upon forward-looking statements as predictions of future events.  The forward-looking statements included in this presentation speak only as of the date hereof, and we undertake no obligation to update publicly or privately any forward-looking statements for any reason after the date of this presentation to conform these statements to actual results or to changes in our expectations.

Akoustis Contact Information:

Dave Aichele
Akoustis Technologies, Inc.
VP of Business Development
704-997-5735, ext. 106

The Del Mar Consulting Group, Inc.
Robert B. Prag, President


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