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Press Release: Resonant Inc. Beats Milestone of 10 Devices Shipped for Royalty Revenues in 2018


GOLETA, Calif., Jan. 14, 2019 (GLOBE NEWSWIRE) -- Resonant Inc. (NASDAQ: RESN), a leader in transforming the way radio frequency, or RF, front-ends are being designed and delivered for mobile handset and wireless devices, announced that it beat its stated milestone of 10 devices shipped for royalty revenues in 2018, which was more than double the four devices shipped for royalty revenues in 2017.
These devices include a 5G filter, as well as other high value, difficult filters. The devices are shipped by Resonant’s customers and are expected to facilitate the company’s projected growth in royalty revenues in 2019.“We beat perhaps the most important milestone for Resonant to date, exceeding our stated objective to have 10 devices shipped for royalty revenues by year end, more than double the amount in 2017,” stated George B. Holmes, CEO of Resonant. “This combined with our earlier announcement where we beat our objective to have our customers accept 20 devices as meeting their technical requirements, including the new requirement in 2018 for passing handset testing, puts us in a strong position to accelerate royalty revenue and positions the company well for long-term growth.”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 Infinite Synthesized Network (ISN) 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:Speeding the Transition to 5G


Posted: 2019-01-14 12:05:00

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