Resonant Receives Upfront Royalty Pre-payments of $7.0 Million
10 Novembro 2021 - 6:06PM
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 received
payments totaling $7.0 million for initial pre-paid royalties. The
payments were received pursuant to the terms of the recently
expanded multi-year commercial partnership with the world’s largest
RF Filter manufacturer whereby Resonant's XBAR® technology will be
leveraged to design RF filters for next-generation networks.
“These payments are a part of a series of
prepaid royalties for the first of four new RF filter designs,
representing the advancement of our XBAR® partnership,” said George
B. Holmes, Chairman and CEO of Resonant. “By expanding the
strategic agreement to now include a total of eight RF filter
designs, our companies are demonstrating a mutual commitment to
unlock the true performance of next-generation mobile networks with
innovative filters based on XBAR® technology. We look forward to
sharing these important partnership milestones that will continue
to enhance shareholder value.”
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
TechnologyResonant 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
StatementsThis press release contains forward-looking
statements, which include the following subjects, among others: the
capabilities of our filter designs and software tools, and the
timing and amount of future payments. 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
Resonant (NASDAQ:RESN)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Resonant (NASDAQ:RESN)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024