Yet another (sixth) customer and development agreement announced. This one focused primarily on massive Chinese market.
Another iron in fire. This company is on brink of commercialization and when first of announced share price should retrace to $17-$19 pre Skyworks announcement and then some. Company mature well beyond its Skyworks courtship.
Good luck all longs
DK
"GOLETA, Calif.--(BUSINESS WIRE)--
Resonant Inc. (RESN), a developer of software tools, intellectual property and design services targeted on filters for radio frequency, or RF, front-ends, or RFFE, that specializes in delivering designs for difficult bands and complex requirements, today announced it has signed a new joint development agreement with another leading RFFE component vendor.
The agreement encompasses the development of Resonant’s second complex filter that is specifically focused on the support of the Time Division Duplex (TDD) requirements of the Chinese market, and is also the second engagement with a company that doesn’t own its own fab. Utilizing Resonant’s Infinite Synthesized Network (ISN) platform enables cost-effective designs for the challenge represented by LTE bands in China crowded next to existing WiFi and Bluetooth spectrum with only narrow guardbands. This co-existence issue requires both high rejection to neighboring potential interference and high power capability to maximize coverage. This agreement will enable the customer to evaluate Resonant’s ISN platform and services team’s ability to design and partner with a third party fab to deliver this TDD filter. Upfront payments and milestone payments have been agreed upon, but will not be disclosed due to the confidential nature of such agreements.
“This represents our sixth customer to sign a development agreement with us, and is the second TDD filter focused on the massive Chinese market,” said Terry Lingren, CEO and Co-Founder of Resonant. “Additionally, the agreement demonstrates how we are leveraging the fabless model to enter the rapidly growing RFFE market by designing and manufacturing in close cooperation with one of our existing foundry partners, which we believe will provide this customer a significant competitive advantage. The more we deliver our evolving capabilities to customers in these fast developing technological and geographic markets, the larger the market opportunity for Resonant becomes, as we move toward commercialization.”"
