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

August 27, 2021 9:50 AM | 1 min read |

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.