Resonant Signs Licensing Agreement for Two Quadplexers with a New Customer
June 22 2017 - 8:30AM
Business Wire
Fabless Model has the Potential to Disrupt the
Supply Chain in China, with New Low Cost Entrants
Resonant Inc. (NASDAQ: RESN), a designer of filters for radio
frequency front-ends, or RFFE, that specializes in delivering
designs for difficult bands and complex requirements, has signed a
licensing agreement with a new customer, who is an established
provider of key components for the RFFE market in China.
This new license agreement covers the development and licensing
of two Quadplexers that will be designed using a standard Surface
Acoustic Wave (SAW) process. The agreement will leverage existing
SAW foundry partners, as well as backend and packaging partners,
capitalizing on Resonant’s transformative position in enabling a
fabless filter supply chain model to provide an alternative, stable
and secure supply chain for the emerging module market in China.
Design acceptance, milestone payments and royalty terms have been
agreed upon, but will not be disclosed due to the confidential
nature of such agreements.
“Our seventh customer is an established provider of key
components into the Chinese market, servicing an extensive customer
base which includes several Tier One handset vendors,” said George
Holmes, CEO of Resonant Inc. “Working closely with our existing
foundry partners, we are using the fabless model to capitalize on
the quickly expanding RFFE market, potentially disrupting the
supply chain by enabling new market entrants with the potential for
faster design times and lower cost. We’re continuing to gain
momentum, as our customers realize the added value of our
innovative software, intellectual property, and the capabilities of
our experienced team.”
About Resonant Inc.
Resonant is creating software tools and IP & licensable
blocks that enable the development of innovative filter designs for
the RF front-end, or RFFE, for the mobile device industry. The RFFE
is the circuitry in a mobile device responsible for the radio
frequency signal processing and is located between the device’s
antenna and its digital baseband. Filters are a critical component
of the RFFE that selects the desired radio frequency signals and
rejects unwanted signals and noise. For more information, please
visit www.resonant.com.
About Resonant’s ISN® Technology
Resonant can create designs for difficult bands and complex
requirements that we believe have the potential to be manufactured
for half the cost and developed in half the time of traditional
approaches. The Company’s large suite of proprietary mathematical
methods, software design tools and network synthesis techniques
enable it to explore a much bigger set of possible solutions and
quickly derive the better ones. These improved filters still use
existing manufacturing methods (i.e. surface acoustic wave (SAW)
and/or temperature compensated surface acoustic wave (TC-SAW)) and
can perform as well as those using higher cost methods (i.e. BAW or
FBAR). While most of the industry designs filters using a
coupling-of-modes model, Resonant uses circuit models and physical
models. Circuit models are computationally much faster, and
physical models are highly accurate models based entirely on
fundamental material properties and dimensions. 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 eased 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 software tools and filter designs; and the potential impact of
our designs on the filter supply chain model. 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; 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170622005071/en/
MZ North AmericaGreg Falesnik,
1-949-385-6449Greg.Falesnik@mzgroup.us
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