Akoustis Technologies

Akoustis Technologies has received its first pre-production order from a Tier-1 SoC vendor for its AKF-1252 XBAW filter for a 5.2 GHz WiFi reference design. Shipments are expected in the current quarter.

Akoustis Technologies received its first production order for the AKF-1938 3.8 GHz BAW RF filter from a military OEM. The company expects product qualification and production shipments in Q4 2018.

Akoustis Technologies completed the acquisition of a 120,000 sq. ft. wafer manufacturing facility, 150-mm wafer fab tools, 57 acres of real property, and an ongoing MEMS business in Canandaigua, New York, from RF-SUNY and FRMC for $2.75 million in cash.

Akoustis Technologies received an incentive package from Empire State Development offering up to $8 million in tax credits for its planned expansion into Canandaigua, New York, including acquisition of a 120,000 sq ft wafer manufacturing facility. The company plans to create 214 new jobs and invest up to $20 million over five years.

Akoustis Technologies signed definitive agreements to acquire a 120,000 sq. ft. wafer manufacturing facility in Canandaigua, New York, including MEMS business with $3M annual revenue, for $2.75 million cash.