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, has engaged investor
relations specialists MZ Group (MZ) to lead a comprehensive
strategic investor relations and financial communications program
across all key markets.
MZ Group will work closely with Resonant
management to develop and implement a comprehensive capital markets
strategy designed to increase the Company’s visibility throughout
the investment community. The campaign will highlight Resonant’s
immense opportunity to efficiently monetize the growth of 5G with
its proprietary XBAR® RF Filter design and other unique solutions
the Company enables with its ISN® software tools platform for the
development of cutting-edge RF filters.
MZ has developed a distinguished reputation as a
premier resource for institutional investors, brokers, analysts and
private investors. The firm maintains offices worldwide and was
recently ranked No. 7 in the world in business communication.
“Since our prior engagement with MZ, we have
pushed the business forward and advanced our technology in
countless ways,” said George B. Holmes, Chairman & Chief
Executive Officer of Resonant. “I look forward to working with the
entire MZ team to communicate our unique value proposition as we
continue to capitalize on our strategic assets, our ISN EDA
platform and deep IP portfolio as well as see the potential of our
XBAR technology to dominate the cutting edge technologies
delivering 5G functionality.”
Greg Falesnik, Chief Executive Officer of MZ
North America, commented: “Our re-engagement comes at a pivotal
time for the Company, as Resonant has established itself as a clear
disruptor within the RF filter supply chain. Its advanced ISN
software tools platform, which runs countless simulations to match
optimal performance on lower cost production processes, upends a
legacy industry plagued by slow, iterative design
processes.
“Perhaps most notably, Resonant’s next-gen XBAR
filter technology – which is the only filter design capable of
delivering upon the promise of true 5G performance – was licensed
by the largest RF filter manufacturer worldwide, who
simultaneously made a $7 million strategic investment in Resonant,
in addition to signing a $9 million, multi-year commercial
agreement.
“Put simply, Resonant’s filter designs are an
enabling technology for the emerging 5G market. We look forward to
working with management to communicate what we view as a clear
valuation disconnect to the broader investment community,”
concluded Falesnik.
For more information on Resonant, please visit
the Company’s investor relations website at www.resonant.com. To
schedule a conference call with management, please email your
request to RESN@mzgroup.us or call Greg Falesnik or Lucas Zimmerman
at 949-259-4987.
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 and LinkedIn page 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 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.
About MZ GroupMZ North America
is the US division of MZ Group, a global leader in investor
relations and corporate communications. MZ North America was
founded in 1996 and provides full-scale Investor Relations to both
private and public companies across all industries. Supported by
our exclusive one‐stop‐shop approach, MZ works with top management
to support the clients’ business strategy in six integrated product
and service categories: 1) IR Consulting & Outreach –
full-service investor relations and roadshow services; 2) IPO
Advisory - preparation services for the Pre-IPO journey; 3) ESG
Consulting - providing audit and roadmap guidelines to improve
corporate ESG messaging and rankings; 4) SPAC Advisory -
providing critical and timely guidance through IPO, business
combination, investor relations and communications, marketing and
final closing; 5) Financial & Social Media – lead generation
and social media relations; 6) Market Intelligence – real-time
ownership monitoring; 7) Technology Solutions – web hosting,
webcasting, distribution services, conference calls, CRM, and board
portals. MZ North America has a global footprint with offices
located in New York, Chicago, San Diego, Aliso Viejo, Austin,
Minneapolis, Taipei, and São Paulo. For more information, please
visit www.mzgroup.us.
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, and our
partner’s target applications for our XBAR technology.
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; 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.
Investor Contact: Greg Falesnik or Luke
Zimmerman MZ Group - MZ North America 949-259-4987 RESN@mzgroup.us
www.mzgroup.us
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