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

1. QuickLogic awarded $1.43 million for its Strategic Radiation Hardened Program. 2. This funding complements a previous $6.58 million contract received in December 2024. 3. The contracts support development of high-reliability radiation-hardened FPGA technology. 4. QuickLogic targets aerospace and defense sectors with its customizable solutions. 5. Expansion of contracts reflects confidence in meeting DoD system requirements.

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Why Bullish?

New funding enhances QuickLogic's position in the lucrative defense sector, similar to past successful contract awards. Historically, such developments have positively influenced stock prices of defense contractors.

How important is it?

The incremental funding signifies strong ongoing relationship with the DoD, which is crucial for QUIK’s business strategy and future funding possibilities.

Why Long Term?

Sustainable funding from long-term contracts could lead to consistent revenue growth and stability over time, similar to patterns seen in companies like Raytheon and Lockheed Martin.

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, /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.  SOURCE QuickLogic Corporation WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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