resonant (nasdaq: resn) is creating innovative filter designs...

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Resonant (NASDAQ: RESN) is creang innovave filter designs for radio frequency, or RF, front-ends for the mobile device industry using a fundamentally new technology called Infinite Synthesized Networks TM , or ISN TM . The RF front-end is the circuitry in a mobile device responsible for analog signal processing and is located between the device’s antenna and its digital baseband. Filters are a crical component of the RF front- end that select the desired radio frequency signals and reject unwanted signals. NASDAQ: RESN Fiscal Year End Dec. 31 Market Cap (7/2/15) $23.8 M Current Price (7/2/15) $3.31 Shares Outstanding 7.2 M Fully Diluted Shares O/S* 8.8 M Insider Ownership 14.4% Resonant Inc. 110 Caslian Drive Santa Barbara, CA 93117 Tel: 805-690-4684 www.resonant.com Investor Relaons Contacts: Ina McGuinness Tel: 805-308-9488 [email protected] or Ma Hayden Chairman, MZ North America Tel: 949-259-4986 [email protected] www.mzgroup.us SELECT FINANCIALS THE CHALLENGE: NEED FOR A GREATER NUMBER OF MOBILE DATA FILTERS As carriers use more data bands, mobile devices need more filters Sector Technology Industry RF Semiconductor - Integrated Circuits RESONANT’S DESIGN APPROACH Allows for opmizaon of cost-size-performance design space *Includes 804K warrants + 832K opons/RSUs Licensing its custom designs to suppliers for a per-unit royalty and license fees Not manufacturing physical product Ulizing exisng manufacturing fabs and processes BUSINESS MODEL Resonant intends to license designs to manufacturing partners Creang next generaon iteraons to extend runway and target mulple customers needs Generang high gross margins Retaining all intellectual property 2011 2012 2014 One model with eight filters Three models with 31-35 filters each July 8, 2015 Tradional Approach Resonant Design Approach Enables soluons with improved performance (e.g. BAW performance from SAW filters) Methods as well as novel circuit soluons patentable More than ten years of achievements on tools, methods & team Ulize exisng manufacturing methods

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Page 1: Resonant (NASDAQ: RESN) is creating innovative filter designs ...content.stockpr.com/resonant/db/IR+Quick+Links/364/file/RESN+Pro… · 08-07-2015  · 20+ years as Founder and TO

Resonant (NASDAQ: RESN) is creating innovative filter designs for radio frequency, or RF, front-ends for the mobile device industry using a fundamentally new technology called Infinite Synthesized NetworksTM, or ISNTM. The RF front-end is the circuitry in a mobile device responsible for analog signal processing and is located between the device’s antenna and its digital baseband. Filters are a critical component of the RF front-end that select the desired radio frequency signals and reject unwanted signals.

NASDAQ: RESN

Fiscal Year End Dec. 31

Market Cap (7/2/15)

$23.8 M

Current Price (7/2/15)

$3.31

Shares Outstanding 7.2 M

Fully Diluted Shares O/S*

8.8 M

Insider Ownership

14.4%

Resonant Inc. 110 Castilian Drive Santa Barbara, CA 93117 Tel: 805-690-4684 www.resonant.com Investor Relations Contacts: Ina McGuinness Tel: 805-308-9488 [email protected] or Matt Hayden Chairman, MZ North America Tel: 949-259-4986 [email protected] www.mzgroup.us

SELECT FINANCIALS

THE CHALLENGE: NEED FOR A GREATER NUMBER OF MOBILE DATA FILTERS As carriers use more data bands, mobile devices need more filters

Sector Technology

Industry RF Semiconductor -

Integrated Circuits

RESONANT’S DESIGN APPROACH Allows for optimization of cost-size-performance design space

*Includes 804K warrants + 832K options/RSUs

Licensing its custom designs to suppliers for a per-unit royalty and license fees

Not manufacturing physical product

Utilizing existing manufacturing fabs and processes

BUSINESS MODEL Resonant intends to license designs to manufacturing partners

Creating next generation iterations to extend runway and target multiple customers needs

Generating high gross margins

Retaining all intellectual property

2011 2012 2014

One model with eight filters

Three models

with 31-35

filters each

July 8, 2015

Traditional Approach

Resonant Design Approach

Enables solutions with improved performance (e.g. BAW performance from SAW filters)

Methods as well as novel circuit solutions patentable

More than ten years of achievements on tools, methods & team

Utilize existing manufacturing methods

Page 2: Resonant (NASDAQ: RESN) is creating innovative filter designs ...content.stockpr.com/resonant/db/IR+Quick+Links/364/file/RESN+Pro… · 08-07-2015  · 20+ years as Founder and TO

NAME SELECTED CURRENT OR PAST AFFILIATIONS

Terry Lingren CEO, Director & Co-founder

20+ years experience as a senior technology executive

John Philpott CFO

20+ years financial and accounting management experience

Bob Hammond CTO, Director & Co-founder

20+ years as Founder and CTO of STI

Neal Fenzi COO & Co-founder

20+ years in engineering, operations and marketing positions at STI

Mike Eddy VP, Corporate Business Development & Marketing

Founder and President of ANTONE Wireless; STI; Chemistry Ph.D. Oxford; MBA

Dan Christopher VP, General Counsel & Secretary

25+ years of experience representing start-up, emerging growth and middle-market companies

John Major Chairman

Multiple board memberships with public and private high- tech companies

Tom Joseph Independent Director

Leader in the RF, semiconductor, cellular, fiber optics and SAW industries. PhD & MSEE at USC

Rick Kornfeld Independent Director

VP Engineering and leader of first CDMA effort at Qualcomm; Serial Entrepreneur

Janet Cooper Independent Director

Financial expertise in capital markets, audit, tax, accounting, treasury and risk-management matters

DISCLAIMER: This information is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy any security or related financial instrument. The summary may include “forward-looking statements” with the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 and are intended to be covered by the safe harbor provisions for forward looking statements. This information is supplied from sources we believe to be reliable but we cannot guarantee accuracy. This document has been furnished to you solely for your information. The information contained herein may not be reproduced, disclosed or redistributed, in whole or in part, by mail, facsimile, electronic or computer transmission or by any other means to any other person, except with prior written consent of the Company. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.

MANAGEMENT TEAM & BOARD OF DIRECTORS

COMMERCIALIZATION STRATEGY Pursuing two RF filter markets

Traditional surface acoustic wave (SAW) filters struggle in “hard bands”

Therefore, manufacturers use more expensive bulk acoustic wave (BAW) filters

ISN can improve SAW filters to work in difficult bands & can reduce manufacturing cost

PRODUCT STATUS Targeting extremely high volume filter opportunities

Product 1

Currently formalizing a business relationship with the filter manufacturer

TC-SAW duplexer for a high-volume, BAW-only band

Performance is competitive with existing products

Plan to license directly to fab for sale to entire market

Product 2

Engagement with new manufacturer started in March 2015

SAW duplexer for another high-volume, BAW/TC-SAW band

Expect less than a year’s development time from March 2014

A filter that can “tune” to multiple bands could replace several existing filters

This would result in significant size and cost savings

Resonant believes ISN can create such

Single Band Designs: Improve Existing Filters

Tunable Designs: From Many Filters to One

2015 KEY MILESTONES Achieve first product “Design Completion” in 1Q15

Spec-compliant Band 3 duplexer achieved

Parts in evaluation by two prospective customers

Evaluating opportunities with several other potential customers

Commenced next generation designs

Expand customer base (add one or more customers) and have multiple product development projects underway by year end

Second customer added in March 2015

Complete prototype three-band tunable design by year-end

On track. Completed the first step in ISN design approach, which involves evaluating polynomial representations & design feasibility

Double technical staff to 20 by year end

Presently at 15 (5 added in 2015)

Avg. Cost of BAW Duplexer* $0.58

Avg. Cost of SAW Duplexer* $0.28

Difference (Enabled Margin) $0.30

Projected Filter Market: 20 billion units in 2014

Growing to 35 billion units by 2017*

*Navian Research, 2014

Cost Filter Set (2017)* $1.85

Cost of Tunable Filter (Projected) < $1.00

Difference (Enabled Margin) > $0.85

Resonant may also be able to reduce the number of

power amplifiers and switches, which would

result in a greater enabled margin *Navian Research, 2013