Akoustis Bags Wi-Fi 7 Design Win from Tier-1 Enterprise Wi-Fi AP Provider, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Akoustis Technologies, Inc. (NASDAQ:AKTS) has announced that its patented XBAW® filters will be used in a new quad-band enterprise Wi-Fi 7 access point platform by a Tier-1 Enterprise Wi-Fi AP Provider. The company will supply five of its filters for a 4X4 MU-MIMO Wi-Fi 7 AP router, with prototype orders already received to begin production ramp in the second half of 2024. Financial terms of the deal were not disclosed.

January 10, 2024 | 12:04 pm
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POSITIVE IMPACT
Akoustis Technologies' XBAW® filters have been selected for a new Wi-Fi 7 AP platform by a major enterprise provider, indicating a significant design win and potential future revenue growth.
The design win for Akoustis Technologies represents a significant milestone, likely to increase investor confidence and anticipation of future revenue. The use of their filters in a Wi-Fi 7 platform suggests technological competitiveness and potential market share growth in the wireless filter market. The lack of financial details limits the assessment of the deal's immediate financial impact, but the strategic nature of the partnership suggests a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100