Murata Manufacturing Co., Ltd., the World’s Leading RF Module and Filter Provider and Resonant, Inc. Confirm Target Perform...
October 05 2020 - 8:31AM
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, has achieved the second
and most critical milestone under its agreement for the development
of 5G mobile XBAR® filters with the world’s largest RF filter
manufacturer. This milestone allows Resonant to move to the next
phase of the Agreement, which focuses on building commercial
platform & high-volume manufacturing of XBAR-based RF filters
for 5G.
Resonant’s achievement of the second milestone,
a prerequisite that enables commercialization, required Resonant’s
XBAR RF filters to achieve previously determined target
performance, packaging and initial reliability. With the second
milestone achieved, Resonant will now begin working on the balance
of the mobile 5G XBAR RF filter designs under the final two phases
of the initial agreement.
“Delivering against this second milestone provides second
payment of strategic alliance on pre-paid royalty payments, but
more importantly, our first 5G XBAR designs have met the necessary
metrics to continue towards mass production with the world’s
largest RF filter manufacturer,” said George B. Holmes, Chairman
and Chief Executive Officer of Resonant. “Although there are
additional milestones required prior to commercial production of
these designs, our partner’s commitment, time and resources have
increased significantly to ensure the success of our XBAR
technology reaching the market with dominant scale.”
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.
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.
Safe Harbor / Forward-Looking
Statements
This press release contains forward-looking
statements, which include the following subjects, among others: the
status of filter designs under development, the capabilities of our
filter designs and software tools, and our views on market share.
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 Relations Contact:Greg Falesnik or
Luke ZimmermanMZ Group - MZ North America(949)
259-4987RESN@mzgroup.us
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