Guerrilla RF R&D Investments Achieve High Efficiency with Rapid Verification of Designs for High-Growth Markets

Rhea-AI Summary

Guerrilla RF, Inc. (OTCQX: GUER) reported a significant 33% increase in engineering tape-outs, rising from 31 in 2021 to 41 in 2022. This growth reflects the company’s robust investments in research and development aimed at high-demand markets such as 5G, automotive, and satellite communications. These engineering tape-outs enable quicker design validation, ultimately reducing costs and accelerating time to market. Kellie Chong, Chief Business Officer, emphasized the importance of targeted R&D for meeting evolving tech demands. Guerrilla RF remains a prominent player in the RF and microwave solutions sector with a comprehensive product portfolio and a commitment to innovation.

Positive

• 33% increase in engineering tape-outs from 2021 to 2022, enhancing design validation and market readiness.
• Focus on high-growth markets like 5G, automotive, and satellite communications.
• Strong commitment to R&D, leading to faster and more efficient product development.

Negative

• None.

Guerrilla RF’s in-house veteran engineers and design team continue to drive innovation, custom solutions, and product excellence

GREENSBORO, N.C.--(BUSINESS WIRE)-- Guerrilla RF, Inc. (OTCQX: GUER), a leading provider of state-of-the-art RF and microwave communications solutions, today announced that its robust 2022 investments in research and development (R&D) produced a 33% increase in its number of engineering tape-outs—from 31 tape-outs in 2021 to 41 in 2022—all targeting the high-growth 5G, cellular booster, automotive, and satellite communications markets.

Guerrilla RF's R&D investments continue to achieve high-efficiency designs with rapid verification. (Graphic: Business Wire)

Engineering tape-outs are used to rapidly verify designs and scale product performance; they are used to fix high-impact circuit errors earlier and faster, leading to an overall reduction in schedule, costs, and time to market. In electronics design, tape-out is the final result of the design process for integrated circuits or printed circuit boards before they are sent for manufacturing.

According to Kellie Chong, Chief Business Officer of Guerrilla RF, “To serve as a company’s innovation engine, R&D investments need to be targeted for today’s fast-moving applications and specifications. Next-generation wireless, automotive, and satellite communications applications require performance that stretches the limits of technology. This is made possible by our dedicated team of engineers that continue to push innovation and strive for product excellence. Engineering tape-outs help validate product readiness for optimal power and performance. At Guerrilla RF, it serves as one of many internal operational metrics by which we measure our efficiency, productivity, and R&D ROI.”

Guerrilla RF provides products and custom solutions to multiple key markets such as wireless infrastructure, automotive, 5G/4G cellular repeaters, military, navigation, and wireless audio.

About Guerrilla RF, Inc.

Founded in 2013, Guerrilla RF, Inc., develops and manufactures high-performance state-of-the-art radiofrequency (RF) and microwave communication solutions for wireless OEMs in multiple high-growth market segments, that include network infrastructure for 5G/4G macro and small cell base stations, cellular repeaters/DAS, automotive telematics, military communications, navigation, and high-fidelity wireless audio. The Company has an extensive portfolio of 100+ high-performance RF and microwave semiconductor devices with 50+ new products in development. As one of the fastest growing semiconductor firms in the industry, Guerrilla RF drives innovation through its R&D to commercialization initiatives and focuses on product excellence and custom solutions to underserved markets. To date, the Company has shipped over 150 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. 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 several 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/20230321005268/en/

Sam Funchess, VP of Investor Relations

sfunchess@guerrilla-rf.com

+1 336 510 7840

Source: Guerrilla RF, Inc.

FAQ

What is Guerrilla RF's recent announcement regarding engineering tape-outs?

Guerrilla RF announced a 33% increase in engineering tape-outs from 31 in 2021 to 41 in 2022, focusing on high-growth markets.

How does Guerrilla RF's R&D investment impact their product development?

The increased R&D investment enables faster design validation and reduces costs, enhancing overall product readiness.

What markets is Guerrilla RF targeting with its products?

Guerrilla RF targets the high-growth markets of 5G, automotive, cellular booster, and satellite communications.

What does the increase in engineering tape-outs signify for Guerrilla RF?

The increase signifies improved innovation and efficiency in product development, crucial for staying competitive in fast-moving tech sectors.