Murata Manufacturing Co., Ltd., The World's Leading RF Module And Filter Provider And Resonant, Inc. Sign Multi-Year Commercial Agreement Of XBAR Technology

Murata Manufacturing Co., Ltd. (Head Office: Nagaokakyo-shi Kyoto; Chairman and President: Tsuneo Murata; hereunder “Murata”), the world’s leading RF module and filter provider and Resonant Inc. (Resonant), a leader in transforming the way radio frequency, or RF, front-ends are being designed and delivered for mobile handset and wireless devices, jointly announced that they have entered into a multi-year commercial agreement that provides Murata with rights to multiple designs to be exclusively developed using Resonant’s XBAR technology. Upon signing the commercial agreement, Murata also completed a $7 million strategic investment in Resonant as part of the previously disclosed private placement financing.

“XBAR technology is expected to achieve higher frequency and superior performance to other filter technologies, in particular for new 5G filter requirements,” said Ken Tonegawa, Senior Vice President, RF Device Division, Module Business Unit of Murata. “We would like to create products that satisfy our customers as soon as possible in cooperation with Resonant by leveraging Murata’s process technology and manufacturing capabilities.”

“This agreement and the related strategic investment, which both closed ahead of plan, are important validations of Resonant’s technology and represent a critical inflection point for our company,” said George B. Holmes, Chairman and CEO of Resonant. “We are excited to have Murata as a strategic partner to leverage our XBAR technology that was specifically developed to meet the exacting demands of the mobile 5G market.”

About Murata
Murata Manufacturing Co., Ltd. is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components & solutions, communication modules and power supply modules. Murata is committed to the development of advanced electronic materials and leading edge, multi-functional, high-density modules. The company has employees and manufacturing facilities throughout the world. For more information, visit http://www.murata.com/.

About Resonant Inc.
Resonant is transforming the market for RF front-ends (RFFE) by disrupting the RFFE supply chain through the delivery of solutions that leverage our Infinite Synthesized Network (ISN) software tools platform, capitalize on the breadth of our IP portfolio, and are delivered through our services offerings. Customers leverage Resonant’s disruptive capabilities to design cutting edge filters and modules, while capitalizing on the added stability of a diverse supply chain through Resonant’s fabless ecosystem-the first of its kind. Working with Resonant, customers enhance the connectivity of current mobile devices, while preparing for the demands of emerging 5G applications. For more information, visit www.resonant.com.