GOLETA, Calif., Aug. 17, 2020 (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, today announced the appointment of Glen Riley, a global technology industry leader, to its Advisory Board.Mr. Riley joins Resonant’s Advisory Board with over 32 years of successful executive-level experience in the RF, foundry, optical and storage industries. Most recently, Mr. Riley held the role of General Manager of the Filter Solutions Business Unit at Qorvo, where he was responsible for developing discrete and integrated module BAW and SAW devices for mobile phones.In his role with Resonant, Mr. Riley will bring extensive business guidance and technology expertise to help accelerate growth as the Company continues to revolutionize the market for RF front-ends.“Glen brings a wealth of knowledge and talent to Resonant’s advisory board,” said George B. Holmes, Chairman and Chief Executive Officer of Resonant. “His unique perspective and industry insight into RF technology solutions will be invaluable to our breakthrough XBAR technology for 5G, and we’re honored to welcome someone with such a prestigious background to the Resonant team.Mr. Riley, commented: “I have seen firsthand the impact that breakthrough technology innovation can have on industries. What attracted me to Resonant was their ability to leverage their ISN software tools platform, to deliver the cutting edge suite of XBAR based filters, that were designed specifically to meet the exacting demands of 5G, coupled with their IP standard library of products targeted at the rapidly changing RF marketplace in China. I look forward to working closely with the Resonant team to help drive their business forward, creating value for all shareholders, customers, partners and the industry as a whole.”Mr. Riley joins the Resonant advisory board, packed with industry veterans, Jeff Ball, Clint Brown, Ruben Caballero, Brian Crutcher, Josh Jacobs and Luis Pineda.Resonant Inc. Forms Advisory BoardAbout 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:Resonant Corporate VideoISN and XBAR: Speeding the Transition to 5GInfinite Synthesized Networks, ISN ExplainedWhat is an RF Filter?RF Filter InnovationTransforming the Mobile Filter Supply ChainFor 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 ISN®Technology
Resonant can create designs for difficult bands, modules and other complex RF Front End requirements that we believe have the potential to be manufactured for half the cost and developed in half the time of traditional approaches. ISN is a suite of proprietary mathematical methods, software design tools and network synthesis techniques that enable us to explore a much larger set of possible design solutions that regularly incorporate our proprietary technology. We then quickly deliver design simulations to our customers, which they manufacture or have manufactured by one of our foundry partners. These improved solutions still use Surface Acoustic Wave (SAW) or Temperature Compensated Surface Acoustic Wave (TC-SAW) manufacturing methods and perform as well as those using higher cost manufacturing methods such as Bulk Acoustic Wave (BAW). Resonant’s method delivers excellent predictability, enabling achievement of the desired product performance in roughly half as many turns through the fab. In addition, because Resonant’s models are fundamental, integration with its foundry and fab customers is seamless because its models speak the “fab language” of basic material properties and dimensions.Safe Harbor / Forward-Looking Statements
This press release contains forward-looking statements, which include the following subjects, among others: the status of filter designs under development, the capabilities of our filter designs and software tools, the timing and amount of future revenues, and our views on future financial performance and market share. Forward-looking statements are made as of the date of this document and are inherently subject to risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including, without limitation, the following: our limited operating history; our ability to complete designs that meet customer specifications; the ability of our customers (or their manufacturers) to fabricate our designs in commercial quantities; our customers’ ability to sell products incorporating our designs to their OEM customers; changes in our expenditures and other uses of cash; the ability of our designs to significantly lower costs compared to other designs and solutions; the risk that the intense competition and rapid technological change in our industry renders our designs less useful or obsolete; our ability to find, recruit and retain the highly skilled personnel required for our design process in sufficient numbers to support our growth; our ability to manage growth; and general market, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Annual Report (Form 10-K) or Quarterly Report (Form 10-Q) filed with the Securities and Exchange Commission. Forward-looking statements are made as of the date of this release, and we expressly disclaim any obligation or undertaking to update forward-looking statements.Investor Relations Contact:
Greg Falesnik or Luke Zimmerman
MZ Group – MZ North America
(949) 259-4987
[email protected]
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