[June 29, 2016] |
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Resonant Joins the Russell Microcap Index
Resonant Inc. (NASDAQ: RESN), a designer of filters for radio frequency,
or RF, front-ends that specializes in delivering designs for difficult
bands and complex requirements, today announced it was added to the U.S.
Russell Microcap Index® after the equity markets closed on June 24, 2016.
Terry Lingren, CEO of Resonant, commented: "Joining the Russell Microcap
Index is a positive reflection of our continued progress. Ultimately, we
believe the addition will help to increase awareness throughout the
investment community as we continue to enhance our Infinite (News - Alert) Synthesized
Network (ISN) design platform, expand the number and complexity of
filter designs in our library, expand our customer base and move closer
toward commercializing our innovative filter designs."
Russell indexes are broadly used by both investment professionals for
index funds, as well as benchmarks for investment strategies.
Approximately $6 trillion in assets are benchmarked to the Russell
Indexes. Annual reconstitution of the Russell U.S. indexes captures the
4,000 largest U.S. stocks as of the end of May, ranking them by total
market capitalization. The smallest 2,000 companies make up the widely
used Russell 2000 Index.
Market analysis on the Russell Indexes are available at https://www.ftserussell.com/research-insights/russell-reconstitution.
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
can be manufactured for half the cost and developed in half the time of
traditional approaches. Our large suite of proprietary mathematical
methods, software design tools and network synthesis techniques enable
us to explore a much bigger set of possible solutions and quickly derive
the better ones. These improved filters still use existing manufacturing
methods (i.e. SAW) and can perform as well as those using higher cost
methods (i.e. 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 our models are fundamental, integration with our
foundry and fab customers is eased -- our models speak the "fab
language" of basic material properties and dimensions.
Safe Harbor/ Forward-Looking Statements
This press release contains forward-looking statements, which include
the effects of joining the U.S. Russell Microcap Index® on Resonant.
Forward-looking statements are made as of the date of this document and
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: our limited
operating history; our ability to complete designs that meet customer
specifications; the ability of our customers (or their manufacturers) to
fabricate our designs in commercial quantities; our dependence on a
small number of customers; the ability of our designs to significantly
lower costs compared to other designs and solutions; 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 Annual Report (Form 10-K) or 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160629006157/en/
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