Resonant Inc. to Join Russell 2000® and 3000® Indexes
Resonant is set to join the small-cap Russell 2000 Index and broad-market Russell 3000 Index effective June 29, 2020. The inclusion expands exposure to investors, highlighting its XBAR RF Filter technology and Infinite Synthesized Networks (ISN) software. With approximately $9 trillion in assets benchmarked against Russell's indexes, this milestone is significant for Resonant's growth potential in the 5G market. The company's innovative approach aims to streamline the RF front-end supply chain, enhancing design efficiency and reducing costs.
- Inclusion in Russell 2000 and Russell 3000 Indexes enhances market visibility and investor access.
- Strengthening presence in the 5G sector with innovative XBAR RF Filter technology.
- Utilization of Infinite Synthesized Networks (ISN) software improves design efficiency and reduces costs.
- None.
GOLETA, Calif., June 29, 2020 (GLOBE NEWSWIRE) -- Resonant Inc. (NASDAQ: RESN), a leader in transforming the way radio frequency, or RF, front-ends are being designed and delivered for mobile handset and wireless devices, is set to join the small-cap Russell 2000® Index and broad-market Russell 3000® Index at the conclusion of the 2020 Russell indexes annual reconstitution. The Russell Index changes will be effective after the US market opens on June 29, 2020. The stock also was automatically added to the appropriate growth and value indexes.
“We are pleased to have Resonant’s shares included in the Russell 3000 and 2000 indices,” stated George B. Holmes, Chairman and CEO of Resonant. “We believe Resonant’s inclusion is an important milestone for us, providing a broader platform for an increased number of investors to gain exposure to the tremendous opportunity we are enabling in 5G with our XBAR® RF Filter technology and the unique solutions we enable with our Infinite Synthesized Networks® (ISN®) software for the development of cutting edge acoustic wave RF filters and modules.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately
For more information on the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.
About Resonant Inc.
Resonant (NASDAQ: RESN) 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. In a market that is critically constrained by limited designers, tools and capacity, Resonant addresses these critical problems by providing customers with ever increasing design efficiency, reduced time to market and lower unit costs. 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.
To learn more about Resonant, view the series of videos published on its website that explain Resonant's technologies and market positioning:
- Resonant Corporate Video
- ISN and XBAR: Speeding the Transition to 5G
- Infinite Synthesized Networks, ISN Explained
- What is an RF Filter?
- RF Filter Innovation
- Transforming the Mobile Filter Supply Chain
For more information, please visit www.resonant.com.
Resonant uses its website (https://www.resonant.com) and LinkedIn page (https://www.linkedin.com/company/resonant-inc-/) as channels of distribution of information about its products, its planned financial and other announcements, its attendance at upcoming investor and industry conferences, and other matters. Such information may be deemed material information, and Resonant may use these channels to comply with its disclosure obligations under Regulation FD. Therefore, investors should monitor the company’s website and its social media accounts in addition to following the company’s press releases, SEC filings, public conference calls, and webcasts.
About Resonant’s ISN® Technology
Resonant can create designs for difficult bands, modules and other complex RF Front End requirements that we believe have the potential to be manufactured for less cost and less time than traditional approaches. ISN is a suite of proprietary mathematical methods, software design tools and network synthesis techniques that enable us to explore a much larger set of possible design solutions that regularly incorporate our proprietary technology. We then quickly deliver design simulations to our customers, which they manufacture or have manufactured by one of our foundry partners. These improved solutions still use Surface Acoustic Wave (SAW) or Temperature Compensated Surface Acoustic Wave (TC-SAW) manufacturing methods and perform as well as those using higher cost manufacturing methods such as Bulk Acoustic Wave (BAW). Resonant's method delivers excellent predictability, enabling achievement of the desired product performance in roughly half as many turns through the fab. In addition, because Resonant's models are fundamental, integration with its foundry and fab customers is seamless because its models speak the "fab language" of basic material properties and dimensions.
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Investor Relations Contact:
Moriah Shilton, LHA Investor Relations, 1-415-433-3777, RESN@lhai.com
FAQ
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