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Resonant Extends Licensing Agreement With Tier-1 Chinese Foundry Partner
Prepaid Royalty Deal Refines Partnership with Existing Tier-1 Foundry Demonstrating Mutual Commitment to Servicing Rapidly Growing Mobile Handset Market
Austin, TX (GLOBE NEWSWIRE) - Resonant Inc. (NASDAQ: RESN), a provider of radio frequency (RF) filter solutions developed on a robust intellectual property platform, designed to connect People and Things, has signed an extension to its licensing agreement with an existing Tier-1 Chinese foundry partner, providing prepaid royalties for multiple RF filter designs to address the China mobile handset market.
The new licensed bands leverage Resonant’s current standard product library, allowing a quick time to market for customers. The agreement carries upfront prepaid royalties, as well as additional per unit royalties, after minimum production volumes are exceeded.