As of the market close on Monday, March 6, 2017, we have added Resonant Inc. (“RESN”) to the Tailwinds Select Portfolio. The price of RESN is currently $4.82.
Using its proprietary and patented Infinite Synthesized Networks (ISN) technology, Resonant is developing and will license fundamentally new acoustic-wave (AW) radio frequency (RF) filter designs for mobile front ends that are smaller, cheaper, have fewer components, and afford improved performance.
To meet the ever-increasing mobile data demands, carriers have been forced to continue adding bands (now more than 50 worldwide), which in turn means increasing the number of RF filters per mobile device needed to communicate with the tower network. Resonant estimates its designs will save manufacturers as much as 50% or more on filter production costs & time in a market that today exceeds $7.3 billion and is estimated to grow to more than $14 billion by 2019.
The management team and board are very strong with great industry experience. George Holmes, CEO & Director, has more than 30 years of leadership in sales and marketing and management, while Jeff Killian, CFO, has 20+ years financial and accounting management. In addition, company co-founders Bob Hammond and Neal Fenzi each has more than 20 years of engineering experience in the industry. Independent board members have experience at Texas Instruments, Broadcom, Qualcomm, Motorola, and Qwest, among others.
In summary, Resonant’s ISN technology will disrupt the RF front-end market by providing significant cost reductions, smaller size, fewer components and improved performance. To learn more about Resonant doing, please visit their website at http://www.resonant.com/.Tailwinds' Disclaimers & Disclosures: For a full list of disclaimers and disclosures, please visit http://