Guerrilla RF Awarded Eight Design Wins

Rhea-AI Summary

Guerrilla RF, Inc. (OTCQX: GUER) has confirmed eight new design wins with a strategic customer, projecting a peak volume of 30 million units per year over a minimum of five years. The deliveries are set to commence in the first half of 2023, with growth anticipated throughout the product lifecycle. This achievement highlights the significance of Guerrilla RF's recently released DSA product and its diverse portfolio aimed at meeting client performance needs.

Positive

• Confirmed eight new design wins with a strategic customer.
• Projected peak volume of 30 million units per year.
• Anticipated growth in annual volume during product lifecycle.

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• None.

GREENSBORO, N.C.--(BUSINESS WIRE)-- Guerrilla RF, Inc. (OTCQX: GUER), the innovative fabless semiconductor company, announces that it has confirmed eight new design wins with a strategic customer. The company believes the eight design wins will generate an aggregated peak volume of 30 million units per year during the life of the program, which is expected to be a minimum of five years.

Guerrilla RF recently confirmed eight design wins with a strategic customer. (Graphic: Business Wire)

“We are pleased to have these important design wins confirmed,” said Ryan Pratt, CEO and founder of Guerrilla RF. “This announcement acknowledges the importance of our recently released DSA product as well as the broad portfolio of products we have created to meet the performance needs of our clients.”

Deliveries from this announcement are scheduled to begin in the first half of 2023 and grow in annual volume through the products’ run.

About Guerrilla RF, Inc.

Founded in 2013 and based in Greensboro, NC, Guerrilla RF develops and manufactures high-performance microwave integrated circuits (MMICs) for wireless OEMs in multiple market segments – including 5G/4G macro and small cell base stations, cellular repeaters/DAS, automotive telematics such as SDARS/V2X/GPS/DAB, military communications, navigation, and high-fidelity wireless audio. Guerrilla RF has an extensive portfolio of over 100 high-performance radio frequency (RF) and microwave semiconductor devices. The existing product line includes ultra-low noise amplifiers, gain blocks, driver amplifiers, mixers, RF switches, digital step attenuators (DSAs), and linear power amplifiers (PAs) – the critical building blocks for mission-critical, performance-driven wireless applications. To date, the company has shipped over 100 million devices and has repeatedly been included in Inc. Magazine's annual “Inc. 5000” list. Guerrilla RF recently made the top “Inc. 500” list for the second year in a row, coming in at No. 421 and 489 for the 2020 and 2021 rankings, respectively. For more information, please visit https://guerrilla-rf.com or follow the company on Twitter and LinkedIn.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which statements are inherently subject to risks and uncertainties. Forward-looking statements include projections, predictions, expectations, or beliefs about future events or results or otherwise are not statements of historical fact. Such statements are often characterized by the use of qualifying words (and their derivatives) such as “expect,” “believe,” “estimate,” “plan,” “project,” “anticipate,” or other statements concerning opinions or judgments of the company and its management about future events. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond the company's control. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the company's filings with the SEC available at www.sec.gov. Forward-looking statements speak only as of the date they are made. The company undertakes no obligation to revise or update information in this release to reflect events or circumstances in the future, even if new information becomes available.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221101005378/en/

Sam Funchess, VP of Investor Relations

sfunchess@guerrilla-rf.com

+1 336 510 7840

Source: Guerrilla RF, Inc.

FAQ

What are the new design wins announced by Guerrilla RF (GUER)?

Guerrilla RF confirmed eight new design wins, projecting a peak volume of 30 million units per year.

When will deliveries for the new design wins start for GUER?

Deliveries are scheduled to begin in the first half of 2023.

How long is the program expected to last for Guerrilla RF's new design wins?

The program is expected to last a minimum of five years.

How will the new design wins impact Guerrilla RF's revenue?

The confirmed design wins are projected to significantly boost revenue through an aggregated peak volume of 30 million units.