Resonant Announces Change to Its Executive Management Team

Terry Lingren Announces Retirement

GOLETA, Calif.--(BUSINESS WIRE)-- Resonant Inc. (NASDAQ: RESN) announced today that Terry Lingren, the company’s CEO, board member and one of its founders, will retire from his positions with the company and George B. Holmes, the company’s President, Chief Commercial Officer and board member has been named his successor. Holmes will assume the new role effective immediately, while Lingren will be available to ensure a smooth transition.

“George is an outstanding choice for Resonant’s CEO,” said John Major, Resonant chairman. “Since joining Resonant in February 2016, George has effectively led our go-to-market strategies which have resulted in greater than 20 projects under development with 6 customers. Additionally, he has driven the development of our long-range strategic plan, as well as the strategies that have successfully financed our business. In 2017, we look forward to George leading Resonant through its next stage of commercialization.”

“Terry has been with Resonant and served as the Company’s CEO since it was founded in May 2012,” said Major. “We thank Terry for his vision, leadership and many contributions in forming the company and bringing it to this stage of development. We wish him the very best in his retirement.”

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 (e.g. SAW) and can perform as well as those using higher cost methods (e.g. 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.

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Source: Resonant Inc.