Akoustis receives an additional purchase order for $13M XBAW filters

Akoustis Technologies announced that the Company has received an additional purchase order for $13M from an existing Tier-1 customer to satisfy the customer’s demand for seven1 Wi-Fi Access Points production programs. The collaboration highlights the robust relationship with this Wi-Fi Access Point customer. Including the prior $8M PO announced previously, the purchase orders are valued at greater than $21 Million and the arrangement also allows the customer to purchase additional quantities of XBAW RF filters depending on demand of their Wi-Fi AP product.