Akoustis Technologies, Inc.
Akoustis® (http://www.akoustis.com) is a high-tech BAW RF filter solutions company that is pioneering next-generation materials science to address the market requirements for improved RF filters - targeting higher bandwidth, higher operating frequencies and higher output power compared to incumbent polycrystalline BAW technology deployed today.
Nasdaq: AKTS
IR Website: https://ir.akoustis.com/
Headquarters: Huntersville, NC
Content provided by Akoustis Technologies, Inc. on 2-4-22.
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Summary
Akoustis® (http://www.akoustis.com) is a high-tech BAW RF filter solutions company that is pioneering next-generation materials science to address the market requirements for improved RF filters - targeting higher bandwidth, higher operating frequencies and higher output power compared to incumbent polycrystalline BAW technology deployed today. The Company utilizes its proprietary XBAW single-crystal BAW manufacturing process to produce bulk acoustic wave RF filters for mobile and other wireless markets, which facilitate signal acquisition and accelerate band performance between the antenna and digital back end. Superior performance is driven by the significant advances of high-purity, single crystal piezoelectric materials and the resonator-filter process technology which drives electro-mechanical coupling and translates to wide filter bandwidth.
The Company plans to service the fast growing multi-billion-dollar market of device OEMs, network providers, and consumers to diminish front end phone heat, battery drain and signal loss -- all considered to be directly related to current RF polycrystalline filter technologies' limitations. The Company owns and operates a 120,000 sq. ft. ISO-9001 certified commercial wafer-manufacturing facility located in Canandaigua, NY, which includes a class 100 / class 1000 cleanroom facility - tooled for 150-mm diameter wafers - for the design, development, fabrication and packaging of RF filters, MEMS and other semiconductor devices. Akoustis Technologies, Inc. is headquartered in the Piedmont technology corridor near Charlotte, North Carolina.
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Company transitioning from 7 years of Development to Commercialization
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$4.3 billion addressable market in 2019, expected to grow to $6.9 billion by 2024: the fastest growing segment of 14 8 B RFFE (radio frequency front end) (1)
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Premium BAW filter market serviced today by duopoly
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Escalating demands for mobile data requiring higher frequency spectrum 5G WiFi
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Expanding XBAW™ wafer capacity to align with high volume commercial markets
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Vertically integrated design and manufacturing business model
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Seasoned leadership team expertise in RF microelectromechanical system (MEMS)
[1] Source: Mobile Experts (ME) 2019 RFFE, Updated March 2020, ME 2019 Small Cell & Macro, Akoustis Internal Estimates. ABI 201 8.
Investor Presentation
Recent News
Akoustis Receives Five New Wi-Fi Design Wins –Total Number of Wi-Fi Design Wins Increases from Eight to Thirteen
Jan 31, 2022
Akoustis Reports Record Revenue for Second Quarter Fiscal 2022 on 96% Sequential Growth
Jan 31, 2022
Akoustis to Webcast Q2FY22 Results on January 31st at 8:00 am ET
Jan 26, 2022
Akoustis to Present at the 24th Annual Needham Growth Conference on January 10, 2022, at 2:45 pm ET
Jan 4, 2021
Akoustis Receives Purchase Order from New Tier-1 Mobile Customer
Dec 16, 2021
Management Overview
Jeffrey B. Shealy
Founder, CEO and Director
Jeffrey B. Shealy is our Founder & CEO. He has over 20 years' experience in RF/Wireless focused on building businesses around solid-state materials and electron device innovation. He spent 13 years at RF Micro Devices, Inc. (now Qorvo) as Vice President and General Manager. Mr. Shealy is a Howard Hughes Doctoral Fellow and spent 7 years with Hughes Electronics at Hughes Research Labs (now HRL Labs) and Hughes Network Systems (now Hughes). He previously founded RF Nitro, Inc., a Gallium Nitride RF power high-tech start-up (acquired by RFMD in 2001). Mr. Shealy holds an MBA degree from Wake Forest University, Master of Science and Doctorate degrees in Electrical and Computer Engineering from the University of California at Santa Barbara (UCSB), and a Bachelors of Science degree in Electrical and Computer Engineering from NC State University.
Ken Boller
Interim CFO
Ken joined Akoustis on December 19, 2017 as Corporate Controller and became Assistant Secretary in February 2018. He has been responsible for helping build and manage the Company's finance organization, implementing the Company's SEC financial reporting, and developing all internal controls and processes. Ken's past work experience includes Regional Controller and Corporate Director of Accounting for Ecolab, Inc. from 2012 to 2017. Prior to his employment at Ecolab, Mr. Boller served as Financial Director for ATI Allvac from 2007 to 2011. From 1998 to 2007 Mr. Boller held various roles within finance, including Director of Financial Reporting, Planning and Analysis at American Water Works Company, Inc. Ken is a Certified Public Accountant (Commonwealth of PA) with his BS in Accounting from Rutgers University, Camden NJ.
David M. Aichele
Executive VP, Business Development
David M. Aichele is the Executive Vice President of Business Development responsible for leading the sales and marketing efforts of the company. Dave joined the company in May 2015, bringing over 20 years of international sales, business development and marketing experience with him. Prior to Akoustis, Dave was EVP Sales & Marketing for T1Visions, a high tech software start-up company which was included in the 2014 INC 500 fastest growing private companies in the US. Dave held Director positions at RF Micro Devices Inc. (previously, now Qorvo), where he was responsible for the business development and launch of new RF semiconductor products targeting the cellular market, as well as senior management positions at Tessera and TE Connectivity, where he led business development and sales teams. Dave holds a BSEE from Ohio University and an MBA from the Leeds School of Business at the University of Colorado.
Mary Winters
Vice President, Wafer Fab
Mary Winters is Vice President of Wafer Fab, responsible for water manufacturing operations and MEMS R&D process development. She brings over 18 years of experience in MEMS fabrication and process commercialization. Prior to joining Akoustis, Mary held various senior management and technical positions focused on the commercialization of inertial, optical, and BioMEMS devices. She has a B.S. in Chemical Engineering from the University of Rochester and an M.E. from the University of Illinois.
Rohan Houlden
Chief Product Officer
Rohan Houlden is Chief Product Officer and brings over 29 years of experience in design engineering, business development and management in the RF and wireless industry. Prior to joining, he was the General Manager of the Connectivity Business Unit at Qorvo (RFMD+TQNT merger), Inc., responsible for CPE Wi-Fi, Smart Energy and Automotive product lines, where he managed the product development and production ramp of custom Front End Modules (FEMs) to all leading wireless OEMs, including tier 1 and tier 2 Smartphone OEMs, as well as key OEMs involved in emerging Internet-of-Things (IoT). He was at RFMD for a total of 17 yrs. Prior to RFMD, Rohan worked in various business and engineering leadership positions at Rockwell Semiconductor/Conexant (now Skyworks). Mr. Houlden holds an MBA from University of Iowa, a Masters of Science from Iowa State and a Bachelor of Science from Royal Melbourne Institute of Technology (Australia).
Tom Sepenzis
Vice President, Corporate Development
Thomas Sepenzis is Vice President of Corporate Development and Investor Relations, responsible for leading the communications and strategic outreach for Akoustis. Thomas joined the company in February 2018, bringing over 20 years of Wall Street experience as a mobile and semiconductor analyst. Prior to Akoustis, Thomas was a Managing Director at Northland Capital Markets covering the semiconductor sector. He has held prior positions at ThinkEquity Partners, where he ran the Communications team, CIBC World Markets, Oppenheimer, US Bancorp, Piper Jaffray and other technology-focused investment banks. Thomas received a BA from New York University and an MFA from AAU San Francisco.
Risks & Disclosures
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Akoustis Technologies Inc. (the “Company”) and its counsel have reviewed the content of this page as well as the accompanying presentation (“Company Presentation”) displayed on this page. To the best of its knowledge, the Company does not believe this content to be misleading or inaccurate in any material respect, nor does it believe there are any material omissions with respect to such content. The Company does not believe the contents of the page or the Company Presentation to contain any non-public material information.
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Information, opinions and estimates contained on this page or in the Company Presentation reflect judgments by the Company as of the original date of publication by the Company and are subject to change without notice. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied is made regarding future performance.
A complete description of the risks and uncertainties relating to the Company and its securities can be found in the company's filings with the U.S. Securities and Exchange Commission available for free at www.sec.gov.
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