Akoustis Completes Rollout of its XBAW® Design Updates

Core Viewpoint - Akoustis Technologies, Inc. has announced the final release to manufacturing of design updates across its product portfolio to address patent claims by Qorvo, Inc. [1][2] Group 1: Product Updates - The updates to the XBAW® manufacturing process were developed to eliminate patented features claimed by Qorvo in U.S. Patent Nos. 7,522,018 and 9,735,755 [2] - These design updates have been incorporated into both new and earlier XBAW® RF filter designs since Fall 2022 [2] - The company has released these design updates to manufacturing for all remaining filter products in production to avoid potential infringement [2] Group 2: Company Preparedness - The company expressed disappointment with the jury's verdict but indicated that it had prepared for all potential outcomes [3] - Testing and qualification over the last two years showed that the design updates do not impact the performance and reliability of the filters [3] - Management does not expect the verdict to affect the marketing of its product portfolio to existing and future customers [3] Group 3: Company Overview - Akoustis is a high-tech BAW RF filter solutions company focused on next-generation materials science and MEMS wafer manufacturing [4] - The company operates a 125,000 sq. ft. ISO-9001:2015 registered wafer-manufacturing facility in Canandaigua, NY, equipped for 150-mm diameter wafers [5] - Akoustis aims to service the growing multi-billion-dollar RF filter market using its integrated device manufacturer (IDM) business model [5]