Charlotte, N.C., Feb. 10, 2022 (GLOBE NEWSWIRE) — Akoustis Technologies, Inc. (NASDAQ: AKTS), an integrated device manufacturer of patented bulk acoustic wave high-band RF filters for mobile and other wireless applications, announced the appointment of Ken Boller as Chief Financial Officer. Mr. Boller joined the Company in 2017 as Corporate Controller and has served in the role of Interim Chief Financial Officer since 2018.
Mr. Boller will continue to operate out of the North Carolina headquarters of Akoustis and will continue to lead the finance team in the new position. Prior to Akoustis, he was a Regional Controller and Corporate Director of Accounting at Ecolab in Charlotte, NC, responsible for all US-based manufacturing plants in the Chemical division. Mr. Boller held senior roles at ATI Allvac, AWWC, and other firms after graduating from Rutgers University and becoming a Certified Public Accountant.
Jeff Shealy, founder and CEO of Akoustis, stated, “I am pleased to announce Ken’s promotion to Chief Financial Officer. He has executed the role of Interim CFO with excellence and has been instrumental in building a world-class finance operation at Akoustis. Ken has successfully navigated many challenges as we ramp commercialization of our products and scale our manufacturing facility, and the Board and I believe he has demonstrated unique knowledge, commitment, and experience to help Akoustis grow its business in this rapidly changing environment.”
Ken Boller, the new Chief Financial Officer, stated, “It is a great honor to become the CFO of this rapidly growing company. Akoustis is emerging as a leader in high-frequency BAW micro-filter solutions, and I am committed to diligent cost control while allocating the necessary capital to support continued capacity expansion and sales growth.”
Akoustis is actively delivering volume production of its Wi-Fi 6 tandem filter solutions, shipping multiple 5G small cell XBAW™ filter solutions, delivering initial designs of its new 5G mobile filter solutions to multiple customers and is now entering the market with its new Wi-Fi 6E coexistence XBAW™ filter solutions.
Given the rapidly growing sales funnel activity as well as ongoing interaction with customers regarding expected ramps in 5G mobile, Wi-Fi 6 and Wi-Fi 6E in calendar 2022, the Company plans to increase the annual production capacity at its New York fab to approximately 500 million filters per year.
About Akoustis Technologies, Inc.
Akoustis® (http://www.akoustis.com/) is a high-tech BAW RF filter solutions company that is pioneering next-generation materials science and MEMS wafer manufacturing to address the market requirements for improved RF filters – targeting higher bandwidth, higher operating frequencies and higher output power compared to incumbent polycrystalline BAW technology deployed today. The Company utilizes its proprietary and patented XBAWTM manufacturing process to produce bulk acoustic wave RF filters for mobile and other wireless markets, which facilitate signal acquisition and accelerate band performance between the antenna and digital back end. Superior performance is driven by the significant advances of poly-crystal, high-purity and single-crystal piezoelectric materials and the resonator-filter process technology which enables optimal trade-offs between critical power, frequency and bandwidth performance specifications.
Akoustis plans to service the fast growing multi-billion-dollar RF filter market using its integrated device manufacturer (IDM) business model. The Company owns and operates a 120,000 sq. ft. ISO-9001:2015 registered commercial wafer-manufacturing facility located in Canandaigua, NY, which includes a class 100 / class 1000 cleanroom facility – tooled for 150-mm diameter wafers – for the design, development, fabrication and packaging of RF filters, MEMS and other semiconductor devices. Akoustis
