RF - Resonant receives upfront royalty pre-payments of $7M

Resonant (NASDAQ:RESN), a provider of radio frequency filter solutions developed on a robust intellectual property platform, has received payments totaling $7M for initial pre-paid royalties. The payments were received pursuant to the terms of the recently expanded multi-year commercial partnership with the world’s largest RF Filter manufacturer whereby Resonant's XBAR® technology will be leveraged to design RF filters for next-generation networks. “These payments are a part of a series of prepaid royalties for the first of four new RF filter designs, representing the advancement of our XBAR® partnership,” said George B. Holmes, Chairman and CEO of Resonant.

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Resonant receives upfront royalty pre-payments of $7M