CHARLOTTE — Akoustis Technologies Inc. (OTCQB: AKTS), a manufacturer of radio frequency filters for mobile wireless, has received a Small Business Innovation Research (SBIR) Phase 1B award from the National Science Foundation (NSF).
The Phase 1B funding will be used to continue development of single crystal group III-Nitride bulk acoustic resonators and bulk acoustic wave filter components for mobile communications.
Jeff Shealy, CEO said in a statement, “The goal of the Phase 1B award is to advance our Phase 1 research, accelerate commercialization and foster strategic relationships.”
The Phase 1B award is a 6-month extension of the Company’s existing NSF SBIR Phase 1 grant and increases the total program funding to $180,000. The funding complements the $5.7M public offering funding previously announced in May 2015.
The company says the program allows Akoustis to accelerate the commercialization of its innovative filter products to address the critical mobile-wireless need by using single crystal piezoelectric materials to create a new class of acoustic wave filters. Such filters are expected to improve performance, lower system cost and drive miniaturization within next generation 4G/LTE smartphones.
