Resonant Extends Licensing Agreement with Tier-1 Chinese Foundry Partner
April 05 2021 - 08:31AM
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, has signed an
extension to its licensing agreement with an existing Tier-1
Chinese foundry partner, providing prepaid royalties for multiple
RF filter designs to address the China mobile handset market.
The new licensed bands leverage Resonant’s
current standard product library, allowing a quick time to market
for customers. The agreement carries upfront prepaid royalties, as
well as additional per unit royalties, after minimum production
volumes are exceeded.
“The Chinese mobile handset market continues to
grow at a rapid pace, as demonstrated by our Tier-1 foundry
partner’s desire to license designs for four additional bands from
Resonant’s increasingly valuable standard product library,” said
George B. Holmes, Chairman and CEO of Resonant. “Extending this
agreement to provide licenses for eight bands in total enables our
partner to take advantage of ever increasing market demand by
expediting time to market, with assurance that its products are
built with proven, effective designs.
“The prepaid royalty component of the agreement,
which covers approximately one-third of the expected product life,
while per unit royalties cover the remainder, is a testament to the
design quality of our solutions. Our goal with this agreement, as
with all of our industry partnerships, is to help our partners
optimize their fabrication processes while decreasing production
costs, and ultimately deliver a superior product to the
market.”
Resonant's Foundry Program provides fabless
licensee partners with the complete services they need to produce
filters developed with Resonant’s ISN® design platform. Resonant’s
Foundry Program members are highly-experienced and high-quality
foundries and backend service providers that have been successful
working with filter designs created with Resonant's ISN® design
methodology.
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)
design 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® 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 ISN®
Design 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
capabilities of our filter designs and software tools.
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)
546-6326 RESN@mzgroup.us
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