Resonant Inc. (NASDAQ: RESN), a provider of radio frequency (RF)
filter solutions developed on a robust intellectual property
platform, designed to connect People and Things, today announced
that its customers have cumulatively surpassed the milestone of
shipping 100 million RF filters designed with the Company’s
proprietary WaveX™ technology.
Resonant’s customers shipped over 47 million RF
filters year-to-date, and a total of 21 million RF filters in the
third quarter of 2021 alone, representing a year-over-year increase
of approximately 433% and a sequential increase of approximately
23%. The RF filters cover a total of eleven cellular, Wi-Fi, and
GPS bands across a combination of tier-1 and tier-2 customers.
Designed using low-cost processes, such as those used for surface
acoustic wave (SAW) or temperature-compensated SAW (TC-SAW)
technologies and competing with the top bulk acoustic wave (BAW)
manufacturers for sockets at the world’s largest OEM’s, Resonant’s
customers delivered RF filters for use in mobile handset,
infrastructure, asset tracking (GPS), and automotive
applications.
“Exceeding the 100 million milestone for RF
filters cumulatively shipped by our customers is a testament to the
effectiveness of our foundry partner model, the depth of our
proprietary IP, and the effectiveness of our WaveX™ software
platform in helping IDMs meet the heightened demand for innovative,
cost-effective filter solutions,” said George B. Holmes, Chairman
and CEO of Resonant. “This acceleration of unit shipment volumes is
a key indicator of progress with our strategy to revolutionize the
RF filter supply chain with solutions that innately and reliably
meet the complex requirements of next-generation, ultra-fast
networks. Once designs have been locked in, our licensees have
shown they can ramp quickly to mass production. As we continue to
further penetrate this multi-billion-dollar opportunity, this
proven model gives us confidence that we have a strong foundation
to facilitate the high-volume manufacture of our best-in-class
XBAR® filters with our strategic partner—the largest RF filter
manufacturer in the world.”
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 WaveX™ design
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
- WaveX™ Design Technology 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
(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 XBAR®
Filter Technology
Resonant pioneered a novel Bulk Acoustic Wave
(BAW) filter technology, XBAR®, to meet the challenging and complex
RF front-end requirements of next-generation 5G, Wi-Fi and UWB
networks and beyond. 4G BAW filter structures have traditionally
been used at frequencies up to 3GHz and adapted to filter higher
frequency bands, which has presented significant performance and
capability challenges. Using WaveX™, Resonant evaluated various
resonator, filter building blocks for wide-bandwidth,
high-frequency and high-power filter designs. XBAR® was the result
of these extensive studies – the optimal next-generation filter
technology.
XBAR® is the first and only RF filter solution
that has natively demonstrated the performance necessary to fully
realize the potential of next-generation wireless technologies,
including 5G and Wi-Fi 6/6E. In addition, future wireless networks
will continue to move to wider bandwidths, higher frequencies and
added complexity, which will further increase the demand for XBAR®
filters. Unlike traditional BAW filters which require complex,
multi-step manufacturing processes. XBAR® filters are much simpler
to manufacture and hence can leverage SAW foundries.
Resonant continues to protect XBAR® technology
through the fundamental patents and trade secrets associated with a
disruptive technology, in addition to the intellectual property
associated with know-how and expertise developed subsequently.
About Resonant’s WaveX™ Design
Technology
Resonant creates designs for difficult RF
frequency bands and modules that meet challenging and complex 5G,
Wi-Fi and UWB RF front-end requirements. Using WaveX™, Resonant’s
designs have the potential to be developed in half the time and
manufactured at a lower cost than traditional approaches. WaveX™ is
a suite of proprietary algorithms, software design tools and
network synthesis techniques that enables Resonant to explore a
much larger set of possible design solutions.
Resonant delivers rapid design simulations to
its customers, which they manufacture in their captive fabs or have
manufactured by one of Resonant’s foundry partners. These improved
solutions still use Surface Acoustic Wave (SAW) or Temperature
Compensated Surface Acoustic Wave (TC-SAW) technologies with the
performance of higher cost manufacturing methods like Bulk Acoustic
Wave (BAW).
Resonant's WaveX™ delivers excellent
predictability, enabling achievement of the desired product
performance in roughly half as many turns through the fab. In
addition, Resonant's simulations model fundamental material and
structure properties, which makes integration with foundry and fab
customers much more intuitive, because they 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, the timing
and amount of future unit shipments, and the high-volume
manufacture of our filters. 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
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