QuickLogic Announces $1.4 Million Incremental Funding Modification for its Strategic Radiation Hardened Program

Rhea-AI Summary

QuickLogic (NASDAQ: QUIK) has secured a $1.43 million Incremental Funding Modification (IFM) for its Strategic Radiation Hardened (SRH) Program. This additional funding supplements the $6.58 million contract awarded in December 2024, bringing the total program value to $8.01 million.

The funding supports the ongoing development and demonstration of high reliability SRH Field Programmable Gate Array (FPGA) technology, designed to meet Department of Defense (DoD) strategic and space system requirements. The company's FPGA and eFPGA Hard IP solutions are specifically engineered for Aerospace and Defense Industrial Base customers.

Positive

• Secured additional $1.43M in funding for Strategic Radiation Hardened Program
• Total program value increased to $8.01M with December 2024 contract
• Expanded scope of ongoing defense contract indicates strong government relationship

Negative

• None.

SAN JOSE, Calif., March 31, 2025 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP and ruggedized FPGAs announced today it has been awarded a $1.43 million Incremental Funding Modification (IFM) for its Strategic Radiation Hardened (SRH) Program. This IFM is in addition to the $6.58 million contract award received in December 2024 and supports the continued development and demonstration of high reliability SRH Field Programmable Gate Array (FPGA) technology.

"Our FPGA and eFPGA Hard IP solutions are specifically engineered to meet the stringent standards of Aerospace and Defense Industrial Base customers," said Brian Faith, president and CEO of QuickLogic. "This Incremental Funding Modification and the recently expanded scope of our ongoing contract underscore the value of the SRH program's aim to meet identified and future Department of Defense (DoD) strategic and space system requirements."  

About QuickLogic  
QuickLogic Corporation is a fabless semiconductor company specializing in eFPGA Hard IP, discrete FPGAs, and endpoint AI solutions. QuickLogic's unique approach combines cutting-edge technology with open-source tools to deliver highly customizable, low-power solutions for industrial, aerospace, consumer, and computing markets. For more information, visit www.quicklogic.com.  

QuickLogic and logo are registered trademarks of QuickLogic. All other trademarks are the property of their respective holders and should be treated as such. 

 

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SOURCE QuickLogic Corporation

FAQ

How much additional funding did QuickLogic (QUIK) receive for its SRH Program in March 2025?

QuickLogic received a $1.43 million Incremental Funding Modification (IFM) in March 2025.

What is the total value of QuickLogic's (QUIK) Strategic Radiation Hardened Program after the March 2025 modification?

The total program value is $8.01 million, combining the $1.43M IFM with the $6.58M December 2024 contract.

What is the purpose of QuickLogic's (QUIK) Strategic Radiation Hardened Program?

The program develops and demonstrates high reliability SRH FPGA technology for DoD strategic and space system requirements.

When did QuickLogic (QUIK) receive its initial contract for the Strategic Radiation Hardened Program?

QuickLogic received the initial $6.58 million contract award in December 2024.