Dr. Plessky co-founded GVR in 1996 and purchased 100% of the company in 2003. He also worked as the Special Projects Manager at Advanced SAW Products, and was Principal Scientist and Bureau Manager of Thales Microsonics. In addition, Dr. Plessky served as a Visiting Professor at the Helsinki University of Technology, Finland, and at Universities in Germany, Switzerland, France and Sweden. He received his PhD from Moscow Physical & Technical Institute and Doctor of Science at the Institute of Radio Engineering and Electronics, Academy of Sciences, in Moscow. He holds a title of "Full Professor" from Russian Government (1995). Dr. Plessky has authored more than 130 papers in refereed journals and has contributed eight invited papers as well as more than 100 conference papers. He currently holds 22 issued and pending patents in the U.S. and Europe, as well as 20 patents in Russia. He consulted and/or supervised 14 PhD thesis works. Dr. Plessky served as an elected member of AdCom of IEEE UFFC society and was a long time member of Technical Program Committee of the IEEE International Ultrasonics Symposium."For GVR, this acquisition means greater access to resources and provides the possibility to concentrate our efforts on the most important areas and principal problems of SAW physics and devices," said Victor Plessky. "Being part of the Resonant team creates new and exciting opportunities for everyone as a combined entity." About Resonant® Inc. Resonant is creating innovative filter designs for the RF front-end, or RFFE, for the mobile device industry. The RFFE is the circuitry in a mobile device responsible for the radio frequency signal processing and is located between the device's antenna and its digital baseband. Filters are a critical component of the RFFE that selects the desired radio frequency signals and rejects unwanted signals and noise. About Resonant's ISN® Technology Resonant can create designs for hard bands and complex requirements that we believe have the potential to be manufactured for half the cost and developed in half the time of traditional approaches. The Company's large suite of proprietary mathematical methods, software design tools and network synthesis techniques enable it to explore a much broader set of possible solutions and quickly derive the most optimal solution. The improved filters designed with ISN still use existing manufacturing methods (i.e. SAW) and can meet the performance of filters using higher cost methods (i.e. BAW). While most of the industry designs surface acoustic wave filters using a coupling-of-modes model, Resonant uses both circuit and physical models. Circuit models are computationally much faster, and physical models are highly accurate, based entirely on fundamental material properties and dimensions. Resonant's methodology delivers excellent predictability, enabling achievement of the desired product performance in roughly half the number of turns through the fab. In addition, because Resonant's models are fundamental, based upon basic materials properties and dimensions (the foundation of a fab. process), the interface between Resonant design and its foundry and fab customers is facilitated.
About GVR Trade SAGVR, based in Gorgier, Switzerland, works in the area of Surface Acoustic Wave (SAW) and Bulk Acoustic Wave (BAW) devices, with a specific concentration on the design of SAW RF filters and resonators. The Company's main activities include design of Temperature Compensated (TC)-SAW and SAW devices (filters, resonators, sensors, SAW tags, etc.), manufacturing of TC-SAW and SAW devices (in collaboration with German, Taiwanese and Korean companies), research projects in SAW/TC-SAW/BAW and related areas, patenting of new design ideas, consultation, lecturing, and training on SAW physics and devices and software development for research applications and for design of devices. The company participated in a few European Research Projects. For more information, please visit www.gvrtrade.com. Safe Harbor/ Forward-Looking Statements This press release contains forward-looking statements, which include the following subjects, among others: expected benefits to Resonant from the acquisition, including the contributions to be made by Dr. Plessky and his team to development of filter design tools. Forward-looking statements are made as of the date of this document and are inherently subject to risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including, without limitation, the following: our ability to successfully integrate GVR operations with those of Resonant; our ability to manage a European-based development team; and the risk that the anticipated benefits of the acquisition may not be realized. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions " Risk Factors" and " Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Annual Report (Form 10-K) or Quarterly Report (Form 10-Q) filed with the Securities and Exchange Commission. Forward-looking statements are made as of the date of this release, and we expressly disclaim any obligation or undertaking to update forward-looking statements.