George s phone chat line
In August, we have appointed Jangwon Jung as the Country Sales Manager for Korea and concurrently opened our office in South Korea.He has extensive experience with other US based companies in supporting and building our presence in the APAC region.
Earlier this afternoon, Resonant released financial results for the quarter ended September 30, 2017.This year we added two Vice Presidents of engineering to support existing and new contracts allowing us to further execute upon our strategic plan.In May, we've hired Andrew Kay in May, who has over 15 years of relevant management experience of RF filter engineering and packaging, most recently at Skyworks.In addition to enabling the fabless filter segment, we are working with pure play foundries to enter the market as certified partners to sell our designs and leverage our intellectual property.We offer our customers a massive competitive advantage while simply collecting a per unit royalty for every filter shipped.We expect to produce two more videos this quarter completing the series with a video of our established programs.
Presently, there are more than 40 billion filters sold each year with the value of approximately $8 billion and experts expect the market to continuing growing in a meaningful way reaching $11 billion by the year 2020.
Such forward-looking statements are not a guarantee of performance and the Company's actual results could differ materially from those contained in such statements.
Several factors that could cause or contribute to such differences are described in detail in Resonant's most recent Form 10-Q and 10-K, and subsequent filings with the SEC.
In July, we hired Sohrab Samadian, who has nearly 20 years of IC development experience in RF and analog design, most recently of microchip and max linear.
Also in July, we added Eugene Rankin to our Board of Directors, she has over 25 years of relevant licensing of intellectual property, governance and compliance and regulatory experience in a semiconductor industry.
With that, I will turn the call over to you George.