Contract allows for Options totaling up to
$72 million over the span of multiple
years
SAN
JOSE, Calif., Sept. 8,
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 it has been awarded a $6.9
million Base Contract, beginning this month, to develop and
demonstrate Strategic Radiation Hardened (SRH), high reliability
Field Programmable Gate Array (FPGA) technology to support
identified and future Department of Defense (DoD) strategic and
space system requirements. The SRH FPGA Other Transactions
Authority (OTA) agreement is with the Army Contracting Command –
Rock Island (ACC-RI) under the authority of the Cornerstone OTA and
will be based on a microelectronic fabrication process implemented
at a US-owned and continental US (CONUS)-based manufacturing
facility. The project is sponsored by DoD's Trusted and Assured
Microelectronics (T&AM) Program, and Naval Surface Warfare
Center (NSWC) Crane is the Government's technical lead.
"QuickLogic is honored to have been chosen by the US Government
to lead this highly specialized and mission critical program," said
Brian Faith president and CEO of
QuickLogic. "This project builds on the company's 30+ year heritage
of delivering FPGA technology to the Aerospace and Defense
community while operating in some of the most rugged
environments."
QuickLogic will lead the execution on the Base Contract through
collaboration with a team composed primarily of SkyWater
Technologies, Everspin Technologies, and Trusted Semiconductor
Solutions.
Upon successful performance of the Base, and at the discretion
of the US Government, the Contract allows for Options totaling
approximately $72 million over the
span of multiple years. If the Options are executed, QuickLogic
expects to expand the group of companies with which it will
collaborate.
Developing and deploying strategic radiation hardened
microelectronics requires creating and sustaining a trained cohort
of engineers with a unique skillset both within the DoD and across
the broader Defense Industrial Base (DIB). With that goal in mind,
meaningful development contributions are expected from Indiana University and other universities.
QuickLogic will primarily perform work on the program at its
facilities in San Jose,
California.
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
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