RESN - Resonant rallies on extending licensing agreement with Tier-1 Chinese foundry partner

Resonant (RESN) trades higher premarket on extending its licensing agreement with an existing Tier-1 Chinese foundry partner, providing prepaid royalties for multiple RF filter designs. 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. "Our goal with this agreement, as with all of our industry partnerships, is to help our partners optimize their fabrication processes while decreasing production costs, and ultimately deliver a superior product to the market.” said George B. Holmes, Chairman and CEO of Resonant.Shares +5.74% premarket to $4.60.

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Resonant rallies on extending licensing agreement with Tier-1 Chinese foundry partner