Jangwon Jung Appointed as Country Sales Manager, Korea
GOLETA, CA -- (Marketwired) -- 08/08/17 -- 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 that it has opened a new office in South Korea to support its customers and partners in the region.
In conjunction with the new office, Jangwon Jung has been appointed as the Country Sales Manager, Korea. Previously, Mr. Jung worked with Cavenish-Kinetics and a number of other US based companies to support and build their presence in the APAC region. His in-depth knowledge of the market and specifically the RF front-end market made him a clear choice for developing and managing Resonant's operations in the region.
Resonant's current partners in Korea are developing products for the already established large Korean market, as well as the growing Chinese market. The new office will facilitate the support of these customers and partners in broadening their revenue potential and accelerating growth in those markets and beyond.
"Our first two customers were established in South Korea and our new office underscores our commitment to the Asian market and is a logical step in the company's growth strategy," said George B. Holmes, CEO of Resonant. "We see enormous potential in the expanding Chinese and Korean markets, and this strategic location will allow us to better serve our growing list of customers and partners in the region."
About Resonant Inc.
Resonant is creating innovative filter designs for the RF front-end, or RFFE, for the mobile device industry. The RFFE is the circuitry in a mobile device responsible for the radio frequency signal processing and is located between the device's antenna and its digital baseband. Filters are a critical component of the RFFE that selects the desired radio frequency signals and rejects unwanted signals and noise.
About Resonant's ISN® Technology
Resonant can create designs for hard bands and complex requirements that we believe have the potential to be manufactured for half the cost and developed in half the time of traditional approaches. The Company's large suite of proprietary mathematical methods, software design tools and network synthesis techniques enable it to explore a much bigger set of possible solutions and quickly derive the better ones. These improved filters still use existing manufacturing methods (i.e. SAW) and can perform as well as those using higher cost methods (i.e. BAW). While most of the industry designs surface acoustic wave filters using a coupling-of-modes model, Resonant uses circuit models and physical models. Circuit models are computationally much faster, and physical models are highly accurate models based entirely on fundamental material properties and dimensions. 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 eased 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 statements about the size and growth of the Korean and Chinese markets for the Company's products. 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 ability to manage overseas operations from our headquarters in the United States; 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; 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.
MZ North America
Source: Resonant Inc.
Released August 8, 2017