Resonant Announces Existing Tier 1 Filter Customer Commences Shipments of High-Value Band Designs into Automotive Market
November 10 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, today announced that an
existing Tier 1 filter manufacturing partner has begun shipping
high-value band RF filter designs, which were designed using
Resonant’s patented ISN® technology, into the automotive market.
“These first shipments by our longest standing
Tier 1 customer will facilitate the immediate billings of royalties
in the lucrative automotive RF filter market,” said George B.
Holmes, Chairman and CEO of Resonant. “Interestingly, the average
sales price for automotive RF filters can typically be three to
five times that of the RF filters for mobile handsets. This is yet
another example of the power of our ‘one-to-many’ strategy, where
we’re able to provide designs to multiple Tier-1 filter
manufacturers who have manufacturing scale and established
commercial relationships with the end customer. In fact, we have
multiple customers that are part of the grouping of seven companies
representing 98% of the RF filter market.”
Responding to increasing consumer demand for
connected vehicles, automobile manufacturers are relying on
wireless technologies to support LTE data connections and operate
as WiFi hotspots. Additionally, Vehicle-to-Vehicle (V2V) and
Vehicle-to-Infrastructure (V2X) communications are expected to
become a reality in the near future, further increasing the number
of RF bands needed. Interference between bands has become an issue
as vehicles utilize higher-frequency RF bands that are positioned
closely to others being used throughout the vehicle. Avoiding
interference in these cases requires high-value filters capable of
operating at higher frequencies.
Holmes, added: “Resonant RF filter designs are
an ideal solution for automotive uses, requiring filters that can
operate under challenging physical conditions that are expected to
function over the life of a vehicle, which can be subject to high
temperatures and inclement weather. Using our advanced ISN software
platform, which runs thousands of simulations to match optimal
performance on lower cost production processes, we can meet the
complex RF filter requirements of automobile manufacturers.
Additionally, as automobiles follow the trends of the mobile
industry, we expect to see 5G enhancement in “Wave 2” of the 5G
deployments. We believe our XBAR technology will be an ideal fit
for auto manufacturers looking to deliver 5G functionality.”
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
- Expert Insights on
Unlocking the Potential of 5G
- The Technology
Enabling the Transition to 5G
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®
Technology
Resonant 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.
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 the
timing and amount of future revenues. 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
Brooks HamiltonMZ Group - MZ North America(949)
546-6326RESN@mzgroup.us www.mzgroup.us
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