Resonant, Inc (RESN)

[tykundegex]

NEWS: Resonant Signs MOU with New Customer to Design Three Duplexers

GOLETA, Calif.-- Resonant Inc. (NASDAQ: RESN), a developer of innovative filter designs for radio frequency front-ends (RFFEs) for the mobile device industry, today announced it has entered into a memorandum of understanding (MOU) with a new customer to develop surface acoustic wave (SAW) duplexer designs for three separate bands.

The MOU includes an upfront payment to Resonant and additional payments upon completion of the designs. This brings the number of filters Resonant is developing under MOUs to five. Additionally, Resonant has ongoing development projects for multiplexers, as well as a reconfigurable, or tunable, filter design.

CEO and Co-Founder Terry Lingren stated: “This MOU with a new customer comes less than a month after our recently announced MOU with an existing customer. The three duplexer designs for our customer accelerate the timing of potential design wins and increase the likelihood of our designs ultimately being incorporated into phones. Our customers are beginning to understand the capabilities of our team and design tools. These capabilities broaden our customers’ design capacities and give them cost-effective, competitive products in much less time than is normal in the industry.

“The proliferation of bands and the more demanding specifications for those bands are dramatically increasing the number of filter designs required for smartphones. Additionally, design capacity is rapidly becoming the bottleneck in the RF front-end industry. Both of these trends play to our strength in designing complex filters quickly and efficiently, enabling our customers to meet their increasingly aggressive market timelines and respond to the market opportunities presented by the OEMs,” concluded Lingren.

(take from: http://ir.resonant.com/press-releases/detail/205 )