Akoustis Technologies, Inc (NASDAQ:AKTS) shares are trading higher Tuesday after the company announced it has received an additional purchase order for $13 million from an existing customer.

“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. “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."

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