CEO: Jeffrey Shealy
Headquarters: Huntersville, North Carolina
Investment Date: May 2015
APO Financing: $5,300,000
Trading Venue: NASDAQ CM (AKTS)
Akoustis™ was founded in 2014 by Jeffrey B. Shealy, Steven P. Denbaars and Richard T. Ogawa. The Company’s mission is to design and manufacture its patented XBAW™ acoustic wave RF filter technology using its high-performance piezoelectric materials combined with unique silicon MEMS wafer manufacturing.
The Company’s RF Filters address critical spectrum selectivity requirements for devices where signals must coexist to enable high speed operation. Such applications include 5G mobile smartphones, WiFi routers, 5G base station small cells and military radars.
The Bulk Acoustic Wave (BAW) filter market is rapidly expanding from $3.7B today to over $5.4B by 2021, driven by growth in 5G and the number of filters required per device. BAW filters have evolved as the key differentiator in the RF Front End, as they are critical to enabling connectivity to the Internet.
The Company operates a vertically-integrated design and manufacturing (IDM) business model, which offers turn-key RF filter engineering, shortest time-to-market and lowest supplier risk to its customers. The Company sells its product through direct sales, manufacturer representatives and through international distribution channels. The Company is headquartered in Huntersville, North Carolina with consolidated manufacturing operations in Canandaigua, New York.