Resonant (RESN) Inks Development Agreement with RFFE Supply Chain Vendor

September 20, 2016 8:33 AM EDT

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Resonant Inc. (Nasdaq: RESN) announced it has signed a new development agreement with a leading supplier in the RF front-end (RFFE) supply chain.

The agreement encompasses the development of a Surface Acoustic Wave (SAW) duplexer, which will enable this party to evaluate Resonant’s design tools and processes. Upfront payments and milestone payments have been agreed upon, but will not be disclosed due to the confidential nature of such agreements.

“We have signed our first development agreement with our fourth vendor who is an established manufacturer currently engaged in supporting the massive filter market, which is expected to grow to more than $14 billion by 2019,” said Terry Lingren, CEO and Co-Founder of Resonant, Inc. “We are able to develop designs for low cost, non-temperature compensated SAW duplexers that we believe will deliver comparable performance to the more expensive BAW and FBAR duplexers. The continuously increasing complexity required by carrier aggregation, along with the industry-wide constraint on design capacity, are continuing to drive interest in our services.”

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