Akoustis Technologies Inc. specializes in the design and manufacturing of advanced semiconductor materials and radio frequency (RF) filters for high-performance wireless applications
The company focuses on developing innovative solutions utilizing its patented technology, which allows for the production of high-quality bulk acoustic wave (BAW) filters. These filters are critical components in mobile devices, Internet of Things (IoT) applications, and various communication systems, enabling improved performance and efficiency in transmitting and receiving signals. Through its cutting-edge technology and manufacturing capabilities, Akoustis aims to meet the growing demand for faster and more reliable wireless connectivity in today's increasingly connected world.
Committed to Full Continuity in Delivering Next-Generation BAW High-Band RF Filters to Customers Around the World Filing to Ensure Business Sold Free and Clear of Qorvo Infringement Following Final Judgement and Required Cleansing Process
Akoustis Technologies, Inc. (NASDAQAKTS) (“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 it has voluntarily filed for chapter 11 relief in the United States Bankruptcy Court for the District of Delaware (the “Court”) to provide the Company with the flexibility to complete its ongoing marketing and sale process while continuing to deliver for its valued customers around the world. The voluntary chapter 11 filing follows the Company’s recent legal case with Qorvo, Inc., in which Akoustis was ordered to pay a total judgement of approximately $59 million in damages, fees, and interest related to allegations of trade secret misappropriation and patent infringement.
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Akoustis Technologies shares are trading higher Tuesday after the company announced it has received an additional purchase order for $13 million from an existing customer. Here's a look at what's going on:
Charlotte, NC, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Akoustis Receives an Additional Purchase Order for $13 Million XBAW® Filters from Existing Tier-1 Customer
Charlotte, N.C., July 09, 2024 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQAKTS) (“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 $8M in new orders from a Tier-1 customer to satisfy the customer’s demand for four Wi-Fi Access Points (AP), which are either currently in production or ramping into production in the second half of calendar year 2024.
Charlotte, N.C., June 27, 2024 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQAKTS) (“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 $2M in production orders from Tier-1 carrier customer to satisfy demand for two of its industry-leading XBAW® filters integrated into a Wi-Fi 7 platform.
