Resonant, Inc (RESN)

[tykundegex]

GOLETA, CA -- (Marketwired) -- 08/31/17 -- Resonant Inc. (NASDAQ: RESN), a designer of filters for radio frequency, or RF, front-ends that specializes in delivering designs for difficult bands and complex requirements, today announced it has signed a new development and licensing agreement with a new customer, who is a leading provider of RF Front End Components.

This new license agreement covers the licensing of five bands for use in modules, four using wafer level packaging (WLP) and one using chip scale packaging (CSP). The agreement will leverage Resonant's ISN® Foundry Program, whose eco-system includes non-captive SAW foundries, as well as backend and packaging partners, enabling the first fabless SAW model that provides an alternative, stable, and secure supply chain for the emerging module markets in Asia. Design acceptance criteria and royalty terms have been agreed upon, but will not be disclosed due to the confidential nature of such agreements.

"Our eighth customer is an established and leading provider of power amplifiers with an extensive customer base in the Asian markets," said George Holmes, CEO of Resonant Inc. "For this new client, we plan to work with a new ISN foundry partner to extend the fabless filter model eco-system. We appreciate our customer's confidence in our ability to design complex and competitive RF front-end filters, and look forward to helping them increase their revenue and drive growth."

ref: http://www.resonant.com/news-awards/press-releases/detail/270/resonant-signs-licensing-agreement-for-five-bands-with