Murata and Resonant have entered into a multi-year commercial agreement that gives Murata the rights to multiple designs to be exclusively developed using Resonant’s XBAR technology. Along with the agreement, Murata also completed a $7 million strategic investment in Resonant as part of the previously disclosed private placement financing.
XBAR technology is expected to achieve higher frequency and superior performance to other filter technologies, in particular for new 5G filter requirements. This agreement and the related strategic investment, which both closed ahead of plan, are important validations of Resonant’s technology and represent a critical inflection point for the company Resonant is excited to have Murata as a strategic partner to leverage its XBAR technology that was specifically developed to meet the exacting demands of the mobile 5G market.
