GSI Technology Receives Award from U.S. Air Force Research Laboratory to Demonstrate High-Data Computation Use Cases Leveraging Its Next-Generation APU
January 03 2024 - 5:30AM
GSI Technology, Inc. (Nasdaq: GSIT), developer of the
Gemini® Associative Processing Unit (APU) for AI and
high-performance parallel computing (HPPC) and a leading provider
of high-performance memory solutions for the networking,
telecommunications, and military markets, today announced it has
been selected by AFWERX for an SBIR Direct-to-Phase II contract in
the amount of $1.1 million to demonstrate high-data computation use
cases leveraging the distinct compute in-memory architecture of its
next-generation Associative Processing Unit-2 (APU2).
GSI will create specialized algorithms for the U.S. Air Force
Research Laboratory (AFRL) to leverage the compute-in-memory
architecture of the Gemini® APU. This chip is designed for various
AI applications to tackle key challenges in the Department of the
Air Force (DAF), including in-aircraft search and rescue, object
detection, moving target indication, change detection, and SSIM in
GPS-absent situations. GSI will also develop algorithms using data
from the United States Space Force (USSF) to showcase the
performance benefits of its compute-in-memory APU2 integrated
circuit (IC).
Lee-Lean Shu, CEO of GSI Technology, stated, "Our next-gen APU2
compute in-memory IC is uniquely equipped to address AFRL's big
data challenges, aiming to enhance mission capabilities through
efficient real-time data management. With its scalable design,
compact size, and low power consumption, our APU2 is ideal for edge
applications like moving target indication and anomaly detection.
These capabilities support the Air Force in swiftly identifying and
responding to threats, bolstering national security and
technological superiority."
The Air Force Research Laboratory and AFWERX have partnered to
streamline the Small Business Innovation Research (SBIR) and Small
Business Technology Transfer (STTR) process by accelerating the
small business experience through faster proposal to award
timelines, changing the pool of potential applicants by expanding
opportunities to small business and eliminating bureaucratic
overhead by continually implementing process improvement changes in
contract execution. The DAF began offering the Open Topic SBIR/STTR
program in 2018, which expanded the range of innovations the DAF
funded. Now, GSI Technology will start its journey to create and
provide innovative capabilities that will strengthen the national
defense of the United States of America.
“The views expressed are those of the author and do not
necessarily reflect the official policy or position of the
Department of the Air Force, the Department of Defense, or the U.S.
government.”
About GSI TechnologyFounded in
1995, GSI Technology, Inc. is a leading provider of
semiconductor memory solutions. The Company recently launched
radiation-hardened memory products for extreme environments in
space and the Gemini® Associative Processing Unit (APU), a
memory-centric design that delivers significant performance
advantages for diverse AI applications. The Gemini APU architecture
removes the I/O bottleneck between the processors and memory arrays
by performing massive parallel searches directly in the memory
array where data is stored. The novel architecture delivers
performance-over-power ratio improvements compared to CPU, GPU, and
DRAM for applications like image detection, speech recognition,
e-commerce recommendation systems, and more. Gemini is an ideal
solution for edge applications with a scalable format, small
footprint, and low power consumption where rapid, accurate
responses are critical. For more information, please
visit www.gsitechnology.com.
About AFRL The Air Force Research Laboratory is
the primary scientific research and development center for the
Department of the Air Force. AFRL plays an integral role in leading
the discovery, development, and integration of affordable
warfighting technologies for our air, space and cyberspace force.
With a workforce of more than 12,500 across nine technology areas
and 40 other operations across the globe, AFRL provides a diverse
portfolio of science and technology ranging from fundamental to
advanced research and technology development. For more information,
visit afresearchlab.com.
About AFWERX As the innovation arm of the DAF
and a directorate within the Air Force Research Laboratory, AFWERX
brings cutting-edge American ingenuity from small businesses and
start-ups to address the most pressing challenges of the DAF.
AFWERX employs approximately 325 military, civilian and contractor
personnel at six hubs and sites executing an annual $1.4 billion
budget. Since 2019, AFWERX has executed 4,697 new contracts worth
more than $2.6 billion to strengthen the U.S. defense industrial
base and drive faster technology transition to operational
capability. For more information, visit: afwerx.com.
Forward-Looking StatementsThe statements
contained in this press release that are not purely historical are
forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended, including statements
regarding GSI Technology's expectations, beliefs,
intentions, or strategies regarding the future. All forward-looking
statements included in this press release are based upon
information available to GSI Technology as of the date
hereof, and GSI Technology assumes no obligation to
update any such forward-looking statements. Forward-looking
statements involve a variety of risks and uncertainties, which
could cause actual results to differ materially from those
projected. Examples of risks that could affect our current
expectations include: those associated with the rapidly evolving
markets for GSI Technology's products and uncertainty
regarding the development of these markets; intensive competition;
delays or unanticipated costs associated with the fulfillment of
the SBIR Direct-to-Phase II contract, the commercialization of the
APU2 and other new products based on our in-place associative
computing technology; the ability of GSI Technology to
receive any future revenue generating agreements with
the United States Air Force and its contractors; and the
establishment of new markets and customer and partner relationships
for the sale of our new in-place associative computing products.
Further information regarding these and other risks relating
to GSI Technology's business is contained in the
Company's filings with the Securities and Exchange Commission,
including those factors discussed under the caption "Risk Factors"
in such filings.
Contacts:
Investor RelationsHayden IRKim
Rogers541-904-5075Kim@HaydenIR.com
Media RelationsFinn Partners for GSI
TechnologyRicca Silverio(415) 348-2724gsi@finnpartners.com
CompanyGSI Technology, Inc.Douglas M.
SchirleChief Financial Officer408-331-9802
GSI Technology (NASDAQ:GSIT)
Historical Stock Chart
From Apr 2024 to May 2024
GSI Technology (NASDAQ:GSIT)
Historical Stock Chart
From May 2023 to May 2024