Resonant Appoints KPMG as Independent Auditor
August 25 2020 - 08:31AM
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, today announced it has
appointed KPMG, LLP as its independent auditor, after receiving the
approval from the Audit Committee of the Company's Board of
Directors.
KPMG will replace Crowe LLP, and will
immediately commence its work for Resonant upon the execution of an
engagement letter. There were no disagreements between the Company
and Crowe LLP on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure.
“We are committed to providing our shareholders
with the highest level of transparency in our financial reporting
standards and corporate governance and to that end, we have
appointed KPMG as the Company’s auditor effective immediately,”
said George B. Holmes, Chairman and Chief Executive Officer of
Resonant. “I would like to thank the entire team at Crowe for their
excellent service over the years – we wish them well in future
endeavors.
“I look forward to a professional relationship
with the KPMG team going forward,” concluded Holmes.
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 Network (ISN)
software tools platform, capitalize on the breadth of our IP
portfolio, and are delivered through our services offerings. In a
market that is critically constrained by limited designers, tools
and capacity, Resonant addresses these critical problems by
providing customers with ever increasing design efficiency, reduced
time to market and lower unit costs. 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.
To learn more about Resonant, view the series of
videos published on its website that explain Resonant's
technologies and market positioning:
- Resonant Corporate Video
- ISN and XBAR: Speeding the
Transition to 5G
- Infinite Synthesized Networks, ISN
Explained
- What is an RF Filter?
- RF Filter Innovation
- Transforming the Mobile Filter
Supply Chain
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®
TechnologyResonant can create designs for
difficult bands, modules and other complex RF Front End
requirements that we believe have the potential to be manufactured
for half the cost and developed in half the time of 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.
Investor Relations Contact:
Greg Falesnik or Luke Zimmerman MZ Group - MZ North America (949)
259-4987 RESN@mzgroup.us
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