Resonant Provides Update on MWC 2019 Barcelona
March 04 2019 - 7:05AM
Resonant Inc. (NASDAQ: RESN), a leader in transforming the way
radio frequency, or RF, front-ends are being designed and delivered
for wireless devices, provided an update from its attendance at MWC
(Mobile World Congress) 2019 Barcelona.
“Headlines from MWC 2019 Barcelona showed us 5G services and
devices are fast approaching. Carriers are in the very early stages
of upgrading their networks, readying for the launch of
consumer-ready, fast 5G services, but importantly a half-dozen of
the largest phone manufacturers announced initial 5G phones and
consumer devices,” stated George B. Holmes, CEO of Resonant. “5G
networks devices are beginning to emerge with initial deployments
this year, and the pace is expected to pick up significantly in
2020. In order to deliver the high data rates promised by 5G,
mobile devices will demand a greater number of filters and higher
complexity to handle the required increased bandwidth and higher
frequencies. As the new frequency bands for 5G are fundamentally
different from 4G, it will be difficult to use existing 4G filter
architecture and structures for 5G.”
Resonant demonstrated at MWC 2019 Barcelona high-performance RF
filters designed specifically for 5G consumer devices, which were
fabricated using the company’s next generation XBAR™ resonators.
XBAR resonators are new bulk acoustic wave (BAW) structures
developed by Resonant using the company’s Infinite Synthesized
Networks® (ISN®) software design platform. Through use of ISN,
Resonant was able to create a technology that has the performance
needed for high-performance 5G devices yet uses existing
manufacturing processes for fast production and low unit costs. The
first XBAR filters shown at MWC 2019 Barcelona are demonstrating
the capability to handle the wider passbands (bandwidth) required
for 5G.
“We believe that in some cases RF filters fabricated using our
XBAR technology can handle as much as three times the bandwidth
available with current technology. Customer feedback following
these demonstrations was very positive, specifically attributable
to our technology leading bandwidths at high frequency, high
quality factor (Q), size, and the prospect of high-power
durability, leveraging the already proven IP from Resonant. In
addition, our customers are increasingly viewing our ISN software
as a critical component for accelerated time to market for new 5G
devices, as it greatly accelerates the design and simulated
performance of new BAW solutions. It is these efficiencies that
will allow our customers to compete most effectively as the current
$9B+ filter market for 2G, 3G and 4G continues to mature and be
commoditized,” continued Holmes.
Resonant plans to make its first XBAR filter, supporting band
n79, available for licensing through its Filter IP Standard
Library. The company is currently qualifying foundry partners in
order to provide a turnkey solution for customers. The company
expects to have foundries qualified and producing parts as early as
the third quarter of 2019, ready to meet the needs of the 5G
market.
“The positive feedback from the meetings we had in our
invitation only demo suite is aligned with our goal of selecting a
lead market-maker partner in the second quarter of 2019. We believe
this was the first time filter bandwidths this wide, from acoustic
filters, showing measured results has been shown. Overall, we
believe we are well positioned with XBAR to deliver the performance
5G demands, faster, better and more cost effectively, further
enhancing Resonant’s long-term value for its shareholders,”
concluded Holmes.
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:
- ISN and XBAR: Speeding the Transition to 5G
- Infinite Synthesized Networks, ISN Explained
- What is an RF Filter?
- RF Filter Innovation
- Transforming the Mobile Filter Supply Chain
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 ISN® TechnologyResonant can
create designs for difficult bands, modules and other complex RF
Front End requirements that we believe have the potential to be
manufactured for half the cost and developed in half the time of
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 StatementsThis
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 ISN
tools and technology, the timing of product introductions, and our
views on future financial performance, competition and 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:Moriah Shilton, LHA
Investor Relations, 1-415-433-3777, RESN@lhai.com
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