QuickLogic Announces $6.575 Million Contract Award for its Strategic Radiation Hardened Program

Rhea-AI Summary

QuickLogic (NASDAQ: QUIK) has secured a $6.575 million contract for its Strategic Radiation Hardened (SRH) program, marking the fourth tranche of funding in a multi-year initiative that began in August 2022. The contract supports the development and demonstration of SRH high-reliability Field Programmable Gate Array (FPGA) technology aimed at meeting Department of Defense (DoD) strategic and space system requirements. As Prime Contractor, QuickLogic has now received over $33 million in total funding for this specialized program, which focuses on delivering innovative FPGA technology for the Aerospace and Defense Industrial Base (DIB).

Positive

• Secured new $6.575 million contract for SRH program
• Total funding received exceeds $33 million since August 2022
• Maintains position as Prime Contractor for strategic defense program

Negative

• None.

• Award represents the fourth tranche of the multi-year program initiated in August 2022

SAN JOSE, Calif., Dec. 23, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs, and endpoint AI solutions, announced today it has been awarded a $6.575 million contract. This funding will support the continued development and demonstration of Strategic Radiation Hardened (SRH) high reliability Field Programmable Gate Array (FPGA) technology. The initiative aims to meet current and future Department of Defense (DoD) strategic and space system requirements.

"QuickLogic is honored to continue as the Prime Contractor for this highly specialized and mission critical program," said Brian Faith, President and CEO of QuickLogic. "To date we have now been awarded over $33 million. This project exemplifies our steadfast commitment to delivering innovative FPGA technology tailored to meet the rigorous demands of the Aerospace and Defense Industrial Base (DIB) and will extend our capabilities to support SRH design objectives."

About QuickLogic
QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company specializing in embedded FPGA (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, defense, consumer, and computing markets. For more information, visit 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 is QuickLogic's latest contract award for its Strategic Radiation Hardened program?

QuickLogic (QUIK) has been awarded $6.575 million as the fourth tranche of funding for its Strategic Radiation Hardened program.

What is the total funding received by QUIK for its Strategic Radiation Hardened program since 2022?

QuickLogic has received over $33 million in total funding since the program's initiation in August 2022.

What is the purpose of QUIK's Strategic Radiation Hardened program?

The program aims to develop and demonstrate Strategic Radiation Hardened high-reliability FPGA technology to meet Department of Defense strategic and space system requirements.

When did QuickLogic's Strategic Radiation Hardened program begin?

The multi-year Strategic Radiation Hardened program was initiated in August 2022.