Resonant Inc. (NASDAQ:RESN) Q2 2020 Earnings Conference Call - Final Transcript

Aug 05, 2020 • 04:30 pm ET


Resonant Inc. (NASDAQ:RESN) Q2 2020 Earnings Conference Call - Final Transcript


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George B. Holmes

have shipped over 40 million units designed with our ISN technology. Let me emphasize these are production unit volumes, not just sample quantities. Most importantly, we continue to move our breakthrough expert technology forward.

On the mobile side of XBAR, our work with our strategic partner, the world's largest RF filter supplier, is progressing very well as we work to deliver upon our second major milestone by the end of this year.

On the nonmobile or WiFi side of XBAR, we fabricated 5G filters at our fourth foundry and delivered a complete 5G XBAR WiFi sample kit to an existing partner, who has extensive foundry and broad distribution relationships that support a majority of the OEMs throughout Asia. We were able to successfully package XBAR devices in two different high-volume packaging technologies. Every day, we expand the manufacturability and capabilities of XBAR, making it much more valuable.

Let's turn to Slide 4. I want to emphasize, we believe XBAR is quickly becoming the recognized solution for high-frequency 5G applications. It has been referenced in a number of corporate and industry publications. The best example being a recent report from one of the largest and most reputable teardown companies, System Plus. In that report, they reviewed the Skyworks' BAW filter, which included our unique XBAR technology and partnership with the world's largest RF filter manufacturer, along with other traditional BAW technologies. The ongoing validation leads us to fundamentally believe we are revolutionizing RF filter design and delivering on the true promise of 5G.

Slide 5 highlights what everyone knows, 5G will be revolutionary. Industry momentum continues toward the promise of full 5G. But what does that really mean to business and consumers? 5G will have download speeds 20 times faster than 4G. For example, a movie that takes six minutes to download on 4G will take less than 20 seconds with the real 5G. 5G latency, or the time it takes to send data from one point to another, is 25 times faster than 4G. The data transfer with 5G will be almost instantaneous and unlocks new use cases for mobile data never before imaginable with 4G.

5G will not only be revolutionary to next-generation mobile phones, but smart devices, sensors, connected vehicles and more. 5G's low latency and high-speed is what makes the Internet of Things possible on a wider scale. It's no wonder the dollars going into 5G are massive as the market is expected to contribute roughly $7.6 trillion to the global economy by 2030.

WiFi is no exception. The opportunity is booming. For example, in the U.S., the WiFi 6E band was recently approved with over 1 gigahertz of bandwidth. That's 18% fractional bandwidth of 6.5 gigahertz. We expect there to be continued efforts at expanding these bandwidths in lower frequencies, which can also be enabled by our XBAR technology.

Now with Slide 6. At the device level, meaning your mobile phone or smart devices, the industry isn't truly ready for the real 5G, which we have