Resonant Inc (RESN) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

Exhibit 99

For Immediate Release

Resonant Inc. Reports 2014 Financial Results

and Provides Business Update

– Management to Host Conference Call Today at 2:00 p.m. PST –

SANTA BARBARA, Calif.—February 26, 2015

2014 Highlights

·                 Raised net proceeds of $16.2 million in an initial public offering

·                 Made significant progress on the Company’s first product design for a major customer

·                 Commenced development of a prototype tunable RF filter design

·                 Expanded the patent portfolio to more than 50 issued and pending patents

·                 Built out the senior management team and added technical staff to the R&D team

·                 Developed new software tools that have enhanced Resonant’s filter design development capabilities

·                 Moved into new offices and built an electronics laboratory

Chief Executive Officer, Co-Founder and Chairman Terry Lingren, stated, “Last year was transformative for Resonant, as we accomplished a great deal toward the advancement of our technology and business model. In particular, our successful initial public offering provided the resources necessary to grow our uniquely talented development team as well as build out our ISN tool suite and laboratory facilities. These resources will enable us to have multiple projects underway simultaneously, a process we have already begun. We were also able to accelerate our patent filing activity, advance our first project and commence development of a prototype tunable filter design.”

“We have delivered a completed duplexer design for consideration to our first customer.  Our design does not meet all the specifications in the development agreement, but we believe it delivers competitive performance, which we view as a major accomplishment. Our customer’s decision whether to use our design is complex and based on a number of considerations, many of which are beyond our control.”

Bob Hammond, Ph.D., Resonant Co-founder and Chief Technology Officer, stated, “The explosion in the number of filters needed to address the communication bands in smartphones has created a major growth opportunity for our customers and an increasing cost burden for their customers. What we find most exciting is the growing capabilities of our ISN technology platform and the opportunity to transform RF front-ends.”

Lingren, added: “We are evaluating several single band opportunities and are in active discussions with other potential customers.  We are not limited by any single customer’s interest in a particular filter design and expect to announce an additional customer in the first half of this year. We also see multiple opportunities to improve upon the design of traditional SAW filters, potentially augmenting our customers’ capacity-constrained engineering teams. Looking ahead, we believe we will complete our prototype tunable filter, which can replace multiple filters and significantly reduce the size and cost of RF front-ends.”

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