Resonant Announces First Shipments Using ISN Designs
February 08 2017 - 4:05PM
Business Wire
Over One Million Units Successfully Shipped to
Four Separate Handset OEM’s
Management to Host a Conference Call Tomorrow
at 8:00 a.m. PT/11:00 a.m. ET
Resonant Inc. (NASDAQ: RESN), a designer of filters for radio
frequency, or RF, front-ends that specializes in delivering designs
for difficult bands and complex requirements, today announced that
one of its licensee customers has successfully shipped over one
million pre-production parts to four separate handset Original
Equipment Manufacturers. These are the first shipments by the
customer under the initial licensing agreement the parties executed
in May 2016, which covers three frequency bands. These high volume
bands encompass three Surface Acoustic Wave (SAW) duplexers, which
were designed utilizing Resonant’s proprietary design automation
platform, ISN®.
“Shipping these pre-production parts represents one of the last
steps before commercial acceptance of our designs as we transition
from a development-stage company into a product-focused licensor
with recurring royalty revenue,” said George B. Holmes, CEO of
Resonant. “Throughout the past year, we’ve remained intently
focused on engaging with the right players for specific designs
that we believe could generate revenue in the shortest amount of
time. We believe these initial shipments will represent modest
revenue in mass production later this year, they none the less
validate our capabilities to convert ‘ISN Ready’ designs into
production within 9-12 months of signing a license agreement. We
look forward to our continued collaboration with this customer,
including the work we have commenced on additional frequency bands.
We believe this collaboration ultimately will showcase the value
that our tools, technology and team bring to the RF front-end
industry.”
Conference Call and Webcast
Management will host an investor conference call tomorrow at
8:00 a.m. Pacific time (11:00 a.m. Eastern time) to provide a
corporate update and discuss the first volume shipments, followed
by a question and answer session. To participate, please use the
following information:
Date: Thursday, February 9, 2017Time: 8:00 a.m. Pacific time
(11:00 a.m. Eastern time)U.S. Dial-in: 1-877-407-3982International
Dial-in: 1-201-493-6780Conference ID: 13655087Webcast:
http://public.viavid.com/index.php?id=122939
Please dial in at least 10 minutes before the start of the call
to ensure timely participation.
A playback of the call will be available through March 9, 2017.
To listen, call 1-844-512-2921 within the United States or
1-412-317-6671 when calling internationally. Please use the replay
pin number 13655087. A webcast will also be available for 30 days
on the IR section of the Resonant website or by clicking here:
RESONANT CORPORATE UPDATE CALL.
About Resonant Inc.
Resonant is creating software tools and IP & licensable
blocks that enable the development of innovative filter designs for
the RF front-end, or RFFE, for the mobile device industry. The RFFE
is the circuitry in a mobile device responsible for the radio
frequency signal processing and is located between the device’s
antenna and its digital baseband. Filters are a critical component
of the RFFE that selects the desired radio frequency signals and
rejects unwanted signals and noise. For more information, please
visit www.resonant.com.
About Resonant’s ISN® Technology
Resonant can create designs for hard bands and complex
requirements that we believe have the potential to be manufactured
for half the cost and developed in half the time of traditional
approaches. The Company’s large suite of proprietary mathematical
methods, software design tools and network synthesis techniques
enable it to explore a much bigger set of possible solutions and
quickly derive the better ones. These improved filters still use
existing manufacturing methods (i.e. SAW) and can perform as well
as those using higher cost methods (i.e. BAW). While most of the
industry designs surface acoustic wave filters using a
coupling-of-modes model, Resonant uses circuit models and physical
models. Circuit models are computationally much faster, and
physical models are highly accurate models based entirely on
fundamental material properties and dimensions. 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 eased because its
models speak the “fab language” of basic material properties and
dimensions.
Safe Harbor / Forward-Looking Statements
This press release contains forward-looking statements, which
include the following subjects, among others: the transition from a
development-stage company to a licensing company, the timing and
amount of future royalty streams, and the timing to bring designs
into production. 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: 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; 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170208006169/en/
MZ North AmericaGreg Falesnik,
1-949-385-6449Greg.Falesnik@mzgroup.us
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