Under the Symbol:
Resonant Inc. Expands Relationship with Existing Customer by Signing New License Agreements
Monday, January 6, 2020 7:00 AM
- 3 new license agreements for custom RF filter designs targeted to meet the rapidly growing demand for local solutions in China
GOLETA, CA / ACCESSWIRE / January 6, 2020 / Resonant Inc. (NASDAQ:RESN), a leader in transforming the way radio frequency, or RF, front-ends are being designed and delivered for mobile handset and wireless devices, announced an existing customer has signed license agreements for three new RF filter designs. This customer, with its own front end processing and back end packaging for SAW filters, represents the filter expertise of a cost effective vertically integrated supplier serving the domestic mobile devices market in China.
"We are deepening and extending relationships with our existing partners, demonstrating growing demand for our solutions," said George B. Holmes, Chairman and CEO of Resonant. "Resonant continues to develop a fabless-filter eco-system to provide a stable, low cost, high volume supply chain to OEMs. We believe that this eco-system is essential to service the increasing volume, and lower costs for 3G and 4G RF filters.
"Our strategy of building a stable, low cost filter supply chain, dependent upon our Infinite Synthesized Network (ISN®) designs for existing technology requirements, while optimizing our wide bandwidth, high frequency designs, provides a two-pronged intercept strategy for OEMs to leverage as 5G filter technology becomes pervasive over the next five years."
Resonant is attending CES 2020 this week to meet privately with leading filter suppliers, financial and business press and other key insiders, to discuss items highlighted in the presentation that can be found on Resonant's website, entitled "Strategic Alignment with 5G Transition."
About Resonant Inc.
Resonant (NASDAQ: RESN) is transforming the market for RF front-ends (RFFE) by disrupting the RFFE supply chain through the delivery of solutions that leverage our Infinite Synthesized Networks (ISN) software tools platform, capitalize on the breadth of our IP portfolio, and are delivered through our services offerings. Customers leverage Resonant's disruptive capabilities to design cutting edge filters and modules, while capitalizing on the added stability of a diverse supply chain through Resonant's fabless ecosystem-the first of its kind. Working with Resonant, customers enhance the connectivity of current mobile devices, while preparing for the demands of emerging 5G applications.
For more information, please visit www.resonant.com.
To learn more about Resonant, view the series of videos published on its website that explain Resonant's technologies and market positioning:
For more information, please visit www.resonant.com.
Resonant uses its website (https://www.resonant.com) and LinkedIn page (https://www.linkedin.com/company/resonant-inc-/) as channels of distribution of information about its products, its planned financial and other announcements, its attendance at upcoming investor and industry conferences, and other matters. Such information may be deemed material information, and Resonant may use these channels to comply with its disclosure obligations under Regulation FD. Therefore, investors should monitor the company's website and its social media accounts in addition to following the company's press releases, SEC filings, public conference calls, and webcasts.
About Resonant's ISN® Technology
Resonant can create designs for difficult bands, modules and other complex RF Front End requirements that we believe have the potential to be designed and manufactured for less cost and less time than traditional approaches. ISN is a suite of proprietary mathematical methods, software design tools and network synthesis techniques that enable us to explore a much larger set of possible design solutions that regularly incorporate our proprietary technology. We then quickly deliver design simulations to our customers, which they manufacture or have manufactured by one of our foundry partners. These improved solutions still use Surface Acoustic Wave (SAW) or Temperature Compensated Surface Acoustic Wave (TC-SAW) manufacturing methods and perform as well as those using higher cost manufacturing methods such as Bulk Acoustic Wave (BAW). Resonant's method delivers excellent predictability, enabling achievement of the desired product performance in roughly half as many turns through the fab. In addition, because Resonant's models are fundamental, integration with its foundry and fab customers is seamless because its models speak the "fab language" of basic material properties and dimensions.
Resonant Safe Harbor / Forward-Looking Statements
This press release contains forward-looking statements, which include the following subjects, among others: the capabilities of our filter designs and software tools. Forward-looking statements are made as of the date of this document and are inherently subject to risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including, without limitation, the following: the satisfaction of the conditions to closing of the offering, including reaching an agreement with Murata on the terms of our commercial agreement for XBAR solutions and obtaining applicable governmental approval; risks associated with the cash requirements of our business; our limited operating history; our ability to complete designs that meet customer specifications; the ability of our customers (or their manufacturers) to fabricate our designs in commercial quantities; our customers' ability to sell products incorporating our designs to their OEM customers; changes in our expenditures and other uses of cash; the ability of our designs to significantly lower costs compared to other designs and solutions; the risk that the intense competition and rapid technological change in our industry renders our designs less useful or obsolete; our ability to find, recruit and retain the highly skilled personnel required for our design process in sufficient numbers to support our growth; our ability to manage growth; and general market, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Annual Report (Form 10-K) or Quarterly Report (Form 10-Q) filed with the Securities and Exchange Commission. Forward-looking statements are made as of the date of this release, and we expressly disclaim any obligation or undertaking to update forward-looking statements.
Resonant Investor Relations Contact:
Moriah Shilton, LHA Investor Relations, 1-415-433-3777, [email protected]
SOURCE: Resonant Inc.