SAN JOSE, Calif., March 10, 2022 /PRNewswire/ -- QuickLogic
Corporation (NASDAQ: QUIK), a developer of ultra-low power
multi-core voice-enabled SoCs, embedded FPGA IP (eFPGA), and
Endpoint AI solutions, today announced that it has won a new eFPGA
contract worth approximately $1
million.
This new contract was made possible by the Company's Australis™
eFPGA IP Generator that was launched in September 2021. The tool can quickly generate
custom eFPGA IP, optimized for power, performance and area, for
nearly any foundry/process node combination. Australis is a
culmination of the Company's three decades of experience in
delivering outstanding FPGA technology used to create devices which
are silicon-efficient, reliable, high quality, and manufacturable
at scale.
"With the Australis eFPGA IP Generator, we provide developers an
easy, highly automated way to define and implement customized eFPGA
IP, enabling QuickLogic to work at the speed of the customer," said
Brian Faith, president, and CEO of
QuickLogic. "The delivery of the eFPGA IP within just two to three
months is only possible with our deep FPGA / eFPGA domain
experience and the automation engendered by Australis. We continue
to experience growing interest in Australis across multiple market
segments and believe there will be many more eFPGA-based contracts
in 2022."
The contract revenue is expected to be recognized during the
first half of fiscal 2022. The first quarter fiscal 2022 revenue
guidance range and outlook for fiscal 2022 growth, previously
provided during the Company's financial results conference call on
February 16, 2022, remains
unchanged.
About QuickLogic
QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor
company that develops low power, multi-core semiconductor platforms
and Intellectual Property (IP) for Artificial Intelligence (AI),
voice and sensor processing. The solutions include embedded FPGA IP
(eFPGA) for hardware acceleration and pre-processing, and
heterogeneous multi-core SoCs that integrate eFPGA with other
processors and peripherals. The Analytics Toolkit from our recently
acquired wholly owned subsidiary, SensiML Corporation, completes
the end-to-end solution with accurate sensor algorithms using AI
technology. The full range of platforms, software tools and eFPGA
IP enables the practical and efficient adoption of AI, voice, and
sensor processing across mobile, wearable, hearable, consumer,
industrial, edge and endpoint IoT. For more information, visit
www.quicklogic.com and https://www.quicklogic.com/blog/.
The QuickLogic logo, QuickLogic and PolarPro are registered
trademarks of QuickLogic Corporation. All other brands or
trademarks are the property of their respective holders and should
be treated as such.
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SOURCE QuickLogic Corporation