Akoustis inks a first foundry agreement with a 5G mobile RF front-end customer

• Akoustis Technologies (NASDAQ:AKTS) has signed a foundry agreement with a mobile RF front-end customer to manufacture XBAW® filters for 5G mobile handsets and other wireless devices.
• The Company to produce filters for 5G mobile smartphones and other devices for the client.
• The foundry agreement was reached after the customer assessed the initial filter samples that Akoustis delivered in the March 2021 quarter.
• The customer is expected to ramp volume production by the second half of calendar 2022.
• "..The mobile handset BAW filter market is our largest potential intermediate-to-long term market opportunity by both unit volume and revenue and this agreement positions Akoustis to generate significant incremental unit and revenue growth in the second half of calendar 2022 and beyond.”