SANTA BARBARA, Calif.-- 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, today announced it has grown its patent portfolio to more than 50 issued and pending patents covering its technology.
Chief Technology Officer and Co-Founder Robert B. Hammond, PhD, stated, “Resonant has developed a technology platform for designing RF filters for mobile devices that can displace traditional filters with lower cost and smaller size devices. We believe our Infinite Synthesized Networks (ISN) technology is a truly disruptive circuit design platform that represents the biggest fundamental change to mobile device filter design in more than 80 years. Establishing a comprehensive patent strategy and growing our patent portfolio as we build new filters is critical to protecting our IP and enabling our future success as a licensing company.”
Dr. Hammond added, “We are pleased to have reached this patent milestone and look forward to further expansion of our patent estate as our development of single band and tunable filters progresses. Over the course of the last 18 months we have accelerated our rate of development as we have grown both our suite of proprietary software design tools and methods and our technology team. We see our patent filings following in lock step with the increasing pace of our RF filter development.”
About Resonant Inc.
Resonant is creating innovative filter designs for radio frequency, or RF, front-ends for the mobile device industry. The RF front-end is the circuitry in a mobile device responsible for analog signal processing and is located between the device’s antenna and its digital baseband. The Company uses a fundamentally new technology called Infinite Synthesized Networks®, or ISN®, to configure and connect resonators, the building blocks of RF filters. Filters are a critical component of the RF front-end used to select desired radio frequency signals and reject unwanted signals. Resonant plans to use ISN to develop new classes of filter designs. For information, please visit www.Resonant.com
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements include the following subjects, among others: expected growth in our patent portfolio; 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, potential customers for our designs, the timing and amount of future royalty streams, the expected duration of our capital resources, our hiring plans, our cash flow forecast, the impact of our designs on the mobile device market, and our business strategy. Forward-looking statements 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: the costs and challenges associated with patent prosecution, our limited operating history (particularly as a new public company); management of R&D efforts; the acceptance of our filter designs by potential customers; the ability of our customers (or their manufacturers) to fabricate our designs in commercial quantities; 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 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.
Source: Resonant Inc.
Released January 26, 2015