Akoustis Shares Jump On Volume Order Win For WiFi 6 XBAW Filters

  • Akoustis Technologies Inc AKTS won a volume commercial order for its patented WiFi 6 XBAW filters from its second WiFi 6 OEM customer. The financial terms of the order remain undisclosed.
  • First shipments of RF Filters to its 2nd WiFi 6 OEM customer to start in the current quarter.
  • Akoustics plans to increase the annual production capacity at its New York fab by the end of calendar 2021 to 500 million filters per year.
  • Both WiFi 6 and WiFi 6E remain significant market opportunities for Akoustis and expect to receive multiple new design wins in the coming months.
  • Price Action: AKTS shares traded higher by 9.38% at $9.56 on the last check Friday.
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