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Resonant signs first licensing agreement +7

07:52 27-Apr-16


Resonant reports that it has signed its first licensing agreement with one of the customers with which it had an MoU.  The agreement encompasses two high-volume Surface Acoustic Wave, or SAW, duplexer designs for filters traditionally fabricated as Bulk Acoustic Wave, or BAW duplexers.  It includes design acceptance payments and royalty terms but such details are confidential.  Nonetheless, securing the agreement so early on is a very good sign.  While it is not possible to do any hard calculations on fair value for the stock, this throws my earlier analysis of RESN value based on the terms of the stock placement out the window.  All that can be said for now is the the company's design capabilities are being validated and that initial customer recognition is often the hardest to come by.