Akoustis Bags Design Win And Volume Orders For Wi-Fi 7 Solution With Tier-1 Enterprise Class OEM
Portfolio Pulse from Benzinga Newsdesk
Akoustis Technologies, Inc. (AKTS) has secured a design win and volume orders for its Wi-Fi 7 solution with a Tier-1 enterprise class OEM. The OEM will use Akoustis' high-performance XBAW filters in a 4X4 MU-MIMO enterprise router platform, with volume orders supporting a production ramp in the second half of the calendar year 2024.

April 08, 2024 | 11:12 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Akoustis Technologies, Inc. (AKTS) has achieved a significant milestone by securing a design win and volume orders for its Wi-Fi 7 solution with a Tier-1 OEM, indicating strong future revenue prospects.
The design win and volume orders from a Tier-1 OEM for Akoustis' Wi-Fi 7 solution are likely to have a positive impact on the company's stock price in the short term. This development not only validates Akoustis' technology but also promises significant revenue growth as production ramps up in the second half of 2024. The announcement is directly related to AKTS and is critical for investors, as it signals potential future growth and market confidence in Akoustis' products.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100