Award Underscores Gemini-II’s Low-Power, High-Performance Edge AI Capabilities for Autonomous Decisi...

Award Underscores Gemini-II’s Low-Power, High-Performance Edge AI Capabilities for Autonomous Decision-Making in Contested Environments  Will Provide Just Under $2.0 Million of Non-Dilutive R&D Funding  SUNNYVALE, Calif., April  28, 2026  (GLOBE NEWSWIRE) -- GSI Technology, Inc. (Nasdaq: GSIT), the inventor of the Associative Processing Unit (APU), a paradigm shift in artificial intelligence (AI) and high-performance compute processing, providing true compute-in-memory technology, today announced it has been awarded a Phase-II U.S. Army’s xTech Small Business Innovation Research (SBIR) program to develop a ruggedized edge AI platform using the Gemini-II APU for the tactical edge.  The award is valued at approximately $2.0 million. These funds will offset the cost of designing and developing a ruggedized edge-processing platform based on the Gemini-II APU, with testing in representative operational environments intended to validate performance across real-time AI workloads, such as sensor data processing, object detection, and command-and-control analytics.  “We are honored to be awarded this SBIR by the U.S. Army, which reflects its recognition of our Gemini-II APU as a viable AI processing solution for delivering high-performance, low-SWaP computing at the tactical edge,” said Lee-Lean Shu, Chairman and Chief Executive Officer of GSI Technology. “This award represents an important step toward field deployment in defense applications. Gemini-II is purpose-built to deliver high-performance AI within tight power and space constraints, enabling autonomous decision-making at the point of need without reliance on cloud or reachback infrastructure. We believe this program further validates the relevance of our architecture for next-generation defense and edge AI applications.”  The award reflects the U.S. Army’s focus on high-performance, low Size, Weight, and Power (SWaP) computing solutions that enable real-time sensing, data fusion, and autonomous decision-making at the tactical edge, particularly in environments where communications are degraded, contested, or unavailable. GSI’s Gemini-II APU, based on a compute-in-memory architecture, is designed to address the limitations of conventional CPU- and GPU-based approaches by minimizing data movement and delivering power-efficient, low-latency AI inference directly at the point of need.  Phase-II program funding will be received as development milestones are met, which are expected to include system design, fabrication, environmental validation, and performance validation. These efforts are intended to demonstrate scalable, low-power AI processing for mission-critical tactical edge applications. Successful execution of the program may position Gemini-II for follow-on development opportunities and potential integration into future defense systems.  The award comes as the U.S. Department of Defense seeks to increase funding for AI and autonomous systems, with the FY2026 budget request proposing approximately $13.4 billion for these technologies. GSI believes its Gemini-II APU is well-positioned to address this growing edge AI opportunity, offering a differentiated approach to edge AI processing that emphasizes performance per watt, low latency, and scalability across distributed systems.  GSI Technology has a long history of supplying high-performance semiconductor memory solutions for defense and aerospace applications. Building on this foundation, the Company’s Gemini family of APUs extends its capabilities into AI acceleration, targeting applications where power efficiency and real-time processing are critical.  ABOUT GSI TECHNOLOGYGSI Technology is at the forefront of the AI revolution with our groundbreaking APU technology, designed for unparalleled efficiency in billion-item database searches and high-performance computing. GSI’s innovations, Gemini-I® and Gemini-II®, offer scalable, low-power, high-capacity computing solutions that redefine edge computing capabilities. GSI Technology is headquartered in Sunnyvale, California, and has sales offices in the Americas, Europe, and Asia. For more information, please visit www.gsitechnology.com.  Forward-Looking Statements  The 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.  GSI Technology’s SBIR contract award is subject to the terms and conditions of the agreement with the U.S. Army, and program funding is contingent upon the achievement of specified development milestones. There can be no assurance that GSI Technology will successfully meet such milestones, that the ruggedized edge AI platform under development will perform as expected, or that the program will result in follow-on development opportunities, additional government contracts, or integration into future defense systems. Additionally, GSI Technology’s actual results could differ materially from those projected in the forward-looking statements as a result of a number of factors, including those associated with fluctuations in its operating results; its historical dependence on sales to a limited number of customers and fluctuations in the mix of customers and products in any period; global public health crises that reduce economic activity; the rapidly evolving markets for its products and uncertainty regarding the development of these markets; the need to develop and introduce new products to offset the historical decline in the average unit selling price of its products; the challenges of rapid growth followed by periods of contraction; intensive competition; the continued availability of government funding opportunities; delays or unanticipated costs that may be encountered in the development of new products based on its in-place associative computing technology and the establishment of new markets and customer and partner relationships for the sale of such products; and delays or unexpected challenges related to the establishment of customer relationships and orders for its radiation-hardened and tolerant SRAM products. Many of these risks are currently amplified by and will continue to be amplified by, or in the future may be amplified by, economic and geopolitical conditions, such as changing interest rates, worldwide inflationary pressures, policy unpredictability, the imposition of tariffs and other trade barriers, military conflicts and a challenging global economic environment. These risks are discussed in more detail in GSI Technology’s most recently-filed Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q and its other reports filed from time to time with the SEC. You are urged to review carefully and consider GSI Technology’s various disclosures in this press release and in its reports publicly disclosed or filed with the SEC that attempt to advise you of the risks and factors that may affect its business.  Source: GSI Technology, Inc.  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

GSIT

GSI Technology Awarded U.S. Army xTech SBIR Contract to Develop Ruggedized Edge AI Platform for Tactical Defense Applications

GSI Technology Secures $2 Million Defense Contract for AI Development

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Award Underscores Gemini-II’s Low-Power, High-Performance Edge AI Capabilities for Autonomous Decisi...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>GSI Technology has secured a $2 million Phase-II award from the U.S. Army&#039;s SBIR program to further the development of its Gemini-II APU for tactical edge applications. This funding highlights growing defense investments in AI and could lead to significant future contractual opportunities for GSI in high-performance computing solutions.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>GSI awarded $2 million for rugged edge AI platform development.</li><li>Funding supports development of Gemini-II APU for tactical applications.</li><li>Phase-II funding contingent on achieving development milestones.</li><li>U.S. Army focuses on high-performance, low-SWaP computing solutions.</li><li>Increased defense budget signals enhanced funding for AI technologies.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>U.S. Army (N/A)</strong>: Key partner in GSI&#039;s development of cutting-edge military technology.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news fits within the &#039;Corporate Developments&#039; category as it directly relates to GSI&#039;s advancements and partnerships in defense funding and projects. The contract can enhance GSI&#039;s market positioning and revenue streams considerably.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Successful development milestones could unlock additional funding and contracts.</li><li>Increased defense budgets may result in higher demand for GSI&#039;s technologies.</li><li>Positive performance validation could make GSI a key player in defense AI applications.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>The award is valued at approximately $2.0 million.</li><li>Focus on autonomous AI decision-making in contested environments.</li><li>Funding reflects increased U.S. defense budget of approximately $13.4 billion for AI.</li><li>GSI has a history of supplying semiconductor solutions for defense and aerospace.</li><li>Milestones include system design, fabrication, and performance validation.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>GSIT may see stock appreciation as the defense sector increasingly invests in AI technologies over the next 12-24 months.</p>
  </section>
</section>


<article>
    <h2>GSI Technology Awarded U.S. Army SBIR Contract for Edge AI Development</h2>
    <p><strong>Sunnyvale, Calif., April 28, 2026</strong> – GSI Technology, Inc. (Nasdaq: GSIT), a leader in high-performance computing and artificial intelligence solutions, has secured a significant contract under the U.S. Army’s xTech Small Business Innovation Research (SBIR) program. The contract, valued at approximately <strong>$2.0 million</strong>, will support the development of a ruggedized edge AI platform utilizing GSI’s innovative Gemini-II Associative Processing Unit (APU).</p>

    <section>
        <h3>Details of the Contract</h3>
        <p>The award is structured to provide non-dilutive R&D funding, facilitating the design and development of an edge-processing platform that can be deployed in tactical environments. Testing will occur in operational settings to validate the platform's ability to handle real-time AI workloads, including:</p>
        <ul>
            <li>Sensor data processing</li>
            <li>Object detection</li>
            <li>Command-and-control analytics</li>
        </ul>
    </section>

    <section>
        <h3>Significance of the Gemini-II APU</h3>
        <p>According to <em>Lee-Lean Shu</em>, Chairman and CEO of GSI Technology, "We are honored to be awarded this SBIR by the U.S. Army, which reflects its recognition of our Gemini-II APU as a viable AI processing solution for delivering high-performance, low-SWaP computing at the tactical edge." He emphasized that this contract marks a critical step towards operational deployment in defense applications.</p>
        <p>The Gemini-II APU is specifically engineered to deliver high performance while maintaining low size, weight, and power (SWaP) requirements. This capability enables autonomous decision-making where traditional communication methods may be hindered or completely unavailable.</p>
    </section>

    <section>
        <h3>Goals and Future Implications</h3>
        <p>Funding under this Phase-II program will be disbursed as development milestones are met. These milestones include:</p>
        <ul>
            <li>System design</li>
            <li>Fabrication</li>
            <li>Environmental validation</li>
            <li>Performance validation</li>
        </ul>
        <p>The successful execution of this program could pave the way for future development opportunities for the Gemini-II APU and its integration into upcoming defense systems.</p>
    </section>

    <section>
        <h3>Broader Context and Funding Landscape</h3>
        <p>The contract aligns with the U.S. Department of Defense’s increasing focus on AI and autonomous systems. The FY2026 budget request indicates a proposed investment of approximately <strong>$13.4 billion</strong> for these technologies, highlighting the critical need for advanced edge AI solutions. GSI Technology positions its Gemini-II APU as a competitive answer to the challenges of edge AI processing, emphasizing efficiency, low latency, and scalability.</p>
    </section>

    <section>
        <h3>About GSI Technology</h3>
        <p>GSI Technology has a longstanding reputation for delivering high-performance semiconductor memory solutions for defense and aerospace sectors. The company is now leveraging its expertise to advance AI acceleration through its Gemini family of APUs, which are designed for applications demanding exceptional power efficiency and real-time processing.</p>
    </section>

    <section>
        <h3>Forward-Looking Statements</h3>
        <p>This release contains forward-looking statements as defined under the Securities Exchange Act of 1934. Expectations regarding milestones, funding opportunities, and product performance are subject to various risks and uncertainties. GSI Technology will disclose additional information in its filings with the SEC, which includes comprehensive risk assessments related to its business operations.</p>
    </section>

    <section>
        <h3>Contact Information</h3>
        <p>For further inquiries, please reach out to:</p>
        <ul>
            <li><strong>Investor Relations:</strong> Kim Rogers, Hayden IR, 541-904-5075, Kim@HaydenIR.com</li>
            <li><strong>Media Relations:</strong> Ricca Silverio, Finn Partners, 415-348-2724, gsi@finnpartners.com</li>
            <li><strong>Company:</strong> Douglas M. Schirle, CFO, GSI Technology, 408-331-9802</li>
        </ul>
    </section>
</article>

GSI Technology has secured a $2 million Phase-II award from the U.S. Army's SBIR program to further the development of its Gemini-II APU for tactical edge applications. This funding highlights growing defense investments in AI and could lead to significant future contractual opportunities for GSI in high-performance computing solutions.

GSI Technology Awarded U.S. Army xTech SBIR Contract to Develop Ruggedized Edge AI Platform for Tactical Defense Applications

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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