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 its
customers have cumulatively surpassed the milestone of shipping 50
million RF filters designed with the Company’s proprietary ISN®
technology.
The RF filters cover a total of 9 cellular and
Wi-Fi bands across multiple customers, primarily for use in mobile
handset, infrastructure, asset tracking (GPS) and automotive
applications. Designed on standard topologies, such as surface
acoustic wave (SAW) or temperature-compensated SAW (TC-SAW)
technologies, and most recently bulk acoustic wave (BAW) using
standard processes, Resonant’s customers delivered RF filters for
use in various applications, including discrete chip scale
packaging (CSP) for use on chip on board (COB) and wafer level
packaging (WLP) for use in modules. In November, Resonant announced
that its customers had shipped over 46 million RF filters to-date,
and a total of 4.1 million RF filters in the third quarter of 2020
alone, representing a year-over-year increase of 163%.
“The milestone of our customers cumulatively
shipping 50 million RF filters with our technology is significant,
as it further validates the effectiveness of our proprietary ISN®
technology and intellectual property, while also representing the
early innings of our anticipated ramp in future revenues and
volumes,” said George B. Holmes, Chairman and CEO of Resonant.
“This volume milestone of customer shipments with our technology is
important, but even more significant is where we are seeing our
technology surface in the marketplace. For instance, our oldest
customer indicated that they recently secured a high-volume Wi-Fi
socket with a Tier 1 Chinese handset OEM, which has already started
shipping. In addition, our technology has also been identified by
third-party teardown companies in multiple Tier 1 phone models.
“As we move into 2021, we expect our customers
to continue their strong volume shipments, while also securing new
contracts covering RF filter designs for 4G, 5G and Wi-Fi
applications across a myriad of mobile and non-mobile
applications.”
Resonant’s Infinite Synthesized Networks (ISN®),
multi-physics Electronic Design Automation (EDA) software platform
is used specifically for designing RF filters, which we believe is
making the design process for filters better, faster, and more cost
effective than competing approaches. Resonant’s XBAR technology,
invented using the ISN® platform, is believed to be the only RF
filter technology that has showcased the ability to innately meet
the complex requirements for bandwidth of 5G and Wi-Fi 6 and 6e
applications.
Radio frequency (RF) filters, such as those
designed by Resonant, are components embedded into a smartphone
that reject and accept the appropriate signals. As 5G continues to
develop and grow in importance, so will the ways RF filters are
utilized in everyday life beyond texting, calling or streaming your
favorite movie on a smartphone. Soon RF filters will be sited into
autonomous and electric vehicles that will help relay when your car
is too close to an object, out of its traffic lane or needs to
stop, where speed is critical. For example, a one-second delay in
the communication link with an RF filter could equal a delayed stop
of 100 feet in a vehicle traveling at approximately 70 mph. In
addition, hospitals are beginning to rely on RF filters to
eliminate disruptions in their hospital networks, helping minimize
the risk for areas such as remote surgery via robotic medical
equipment. Put simply, RF filters provide protection for the
wireless connectivity to sectors such as traffic, health, weather
and environmental monitoring, and allows wireless communication in
the same way as computers and smartphones.
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:
future shipments of RF filters designed using our technologies, the
capabilities of our filter designs and software tools, the
expanding use of RF filters in emerging markets, and our partner’s
target applications for our 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 Relations Contact:Greg
Falesnik or Brooks HamiltonMZ Group - MZ North
America(949) 546-6326RESN@mzgroup.uswww.mzgroup.us
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