SANTA BARBARA, Calif. — October 16, 2014 -- Resonant Inc. (NASDAQ: RESN), a late-stage development company that is creating innovative filter designs for radio frequency, or RF, front-ends for the mobile device industry, was awarded the “Most Innovative Company of 2014 Award” by the Association for Corporate Growth (ACG) 101 Corridor Chapter at its “Deals of the Year” banquet held Thursday, October 9 at the Westlake Village Inn, Westlake Village, California.
According to research firm, Navian, the RF filter market is estimated at $3.5 billion and growing rapidly. Mobile device original equipment and development manufacturers are challenged by the explosion in the number of filters needed for 4G networks.
Filters are used to select desired signals and reject unwanted signals, and are a critical component of the RF front-end of mobile devices, such as the iPhone and Android Smartphones. Resonant is using its patented and proprietary circuit design methods and tools to develop new classes of filter designs that will enable manufacturers to replace more costly filters with less expensive filters with similar functionality.
Chief Executive Officer, Co-Founder and Chairman Terry Lingren, “This has been a tremendous year of progress and success for the Resonant team. I would like to thank the members of ACG101 for their consideration and recognition of our efforts. Consumers’ nearly insatiable demand for greater connectivity and content will continue to drive carriers to expand the number of data bands. At Resonant, we will continue to pursue high quality solutions that are more economical so that consumers and manufacturers alike can benefit.”
“Resonant is a leading innovator in its business category and here in our region. We are very pleased to present the 2014 Most Innovative Company Award to Resonant and were pleased to have them participate in our Deals of the Year Awards Banquet which benefitted the American Red Cross,” said Jeff Tillman, President of the ACG 101 Board of Directors.
The Association for Corporate Growth (ACG 101) is the premier organization for professionals involved in corporate growth, corporate development and mergers and acquisitions. ACG 101 is one of the fastest-growing chapters of The Association for Corporate Growth and serves corporate executives and professionals in the West Valley-Ventura County-Santa Barbara areas. Members of ACG are CEOs, CFOs and COOs of middle market or growing corporations, as well as members of the professional services companies that serve these corporations, such as private equity firms, investment bankers, lenders, attorneys and accountants. ACG has nearly 12,000 members representing 5,000 companies in 53 chapters throughout North America, Europe and in Mexico.
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements. Forward looking statements include the following subjects, among others: the status of filter designs under development, the prospects for licensing filter designs upon completion of development, plans for other filter designs not currently in development, the impact of our designs on the mobile device market, and our business strategy. Forward-looking statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. 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 prospectus filed with the Securities and Exchange Commission on May 29, 2014, and our most recent 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.
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MZ North America
Released October 16, 2014