MRAAY - Resonant extends partnership with Murata Manufacturing

Resonant (NASDAQ:RESN) expands its multi-year commercial partnership with Murata Manufacturing (OTCPK:MRAAY) the world’s largest RF filter manufacturer, for the development of 5G XBAR RF filters. The expanded agreement targets RF filter designs utilizing Resonant’s proprietary XBAR technology across additional bands. “Extending our agreement with Murata is a tremendous validation of our partnership and XBAR® technology as we continue working together to build a high-volume manufacturing platform,” said George B. Holmes, Chairman and CEO. Murata Manufacturing has a market cap of ~$50B and has dropped about 12% on a YTD basis. Resonant has a market cap of $139M with a 19% drop in price on a YTD basis. RESN has scaled 3.7% pre-market.

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Resonant extends partnership with Murata Manufacturing