Akoustis Receives An Additional Purchase Order For $13M XBAW Filters From Existing Tier-1 Customer

Author: Benzinga Newsdesk | August 13, 2024 08:20am

Akoustis Receives an Additional Purchase Order for $13 Million XBAW® Filters from Existing Tier-1 Customer

• Raises Production Commitments for XBAW RF filters from Tier-1 Customer to greater than $21M, plus a customer option to increase order quantities
  
  
  
   

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 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.

Posted In: AKTS