World News: 12:05 GMT Monday 14th January 2019. [Resonant Inc. via Globe Newswire via SPi World News]
GOLETA, Calif., Jan. 14, 2019 (GLOBE NEWSWIRE) -- Resonant Inc. (NASDAQ: RESN), a leader in transforming the way radio frequency, or RF, front-ends are being designed and delivered for mobile handset and wireless devices, announced that it beat its stated milestone of 10 devices shipped for royalty revenues in 2018, which was more than double the four devices shipped for royalty revenues in 2017.
These devices include a 5G filter, as well as other high value, difficult filters. The devices are shipped by Resonant’s customers and are expected to facilitate the company’s projected growth in royalty revenues in 2019.
“We beat perhaps the most important milestone for Resonant to date, exceeding our stated objective to have 10 devices shipped for royalty revenues by year end, more than double the amount in 2017,” stated George B. Holmes, CEO of Resonant. “This combined with our earlier announcement where we beat our objective to have our customers accept 20 devices as meeting their technical requirements, including the new requirement in 2018 for passing handset testing, puts us in a strong position to accelerate royalty revenue and positions the company well for long-term growth.”
To learn more about Resonant, view the series of videos published on its website that explain Resonant's technologies and market positioning:
For more information, please visit .
Resonant uses its website () and LinkedIn page () as channels of distribution of information about its products, its planned financial and other announcements, its attendance at upcoming investor and industry conferences, and other matters. Such information may be deemed material information, and Resonant may use these channels to comply with its disclosure obligations under Regulation FD. Therefore, investors should monitor the company’s website and its social media accounts in addition to following the company’s press releases, SEC filings, public conference calls, and webcasts.
Globe Newswire: 12:05 GMT Monday 14th January 2019
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