Resonant, Inc (RESN)

[StockLogistics]

Q4 revenues will be very high, attracting much investment in 2022:

“4:06p ET 11/10/2021 - Globe Newswire
Resonant Receives Upfront Royalty Pre-payments of $7.0 Million

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(TM) 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:

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(TM), 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(TM) Design Technology

Resonant 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(TM), Resonant's designs have the potential to be developed in half the time and manufactured at a lower cost than traditional approaches. WaveX(TM) 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(TM) 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.”