Superconductor Tech (SCON) Contributes 14 Patents as Minority Investment in Resonant

July 12, 2012 6:42 AM EDT
Superconductor Technologies Inc. (Nasdaq: SCON) contributed 14 patents regarding STI's innovative Reconfigurable Resonance (RcR) technology, experienced executive leadership and technical expertise as its minority investment in Resonant LLC. Resonant intends to commercialize RcR for the rapidly growing mobile communications products industry.

As announced in February 2012, Resonant (then called Resonant Inc.) signed a product development agreement with a global leader in mobile communications products to bring to market RcR technology by extending its world-leading expertise in radio frequency analog passive circuit design and active analog circuitry. As a new company separate from STI, Resonant is currently self-funded for its preliminary development efforts and expects to pursue additional financing needed to complete its development plan. STI co-founded Resonant together with the new management team, who are the other owners of the venture.

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