SAN
JOSE, Calif., March 30,
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. QuickLogic was
awarded the contract as the company was able to produce customized
eFPGA fabric quickly using its Australis eFPGA IP
Generator and due to its prior experience with the process
node. The contract is worth approximately $1.5 million, bringing the aggregate value of
eFPGA contracts in the last three quarters alone to more than
$5 million.
![QuickLogic logo (PRNewsfoto/QuickLogic Corporation) QuickLogic logo (PRNewsfoto/QuickLogic Corporation)](https://mma.prnewswire.com/media/643697/QuickLogic_Logo.jpg)
"The Australis IP Generator has tremendous potential across a
broad range of industries, and we are seeing accelerating interest
from potential new customers," said Brian
Faith, president and CEO of QuickLogic. "Part of the reason
we are able to provide this quick-turn, but highly flexible
solution is the fact that we have decades of experience in
delivering outstanding FPGA technology which is silicon-efficient,
reliable, low power, and manufacturable at scale."
A small amount of contract revenue was recorded in the first
quarter with the remainder to be recognized over the rest of fiscal
2022. There is no change to the first quarter fiscal 2022 revenue
guidance range and outlook for fiscal 2022 growth that was provided
during the Company's financial results conference call on
February 16, 2022. The Company
will discuss its first quarter fiscal 2022 results, and business
outlook for the remainder of the year, when it holds its financial
results conference call in early May.
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 and QuickLogic 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