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QuickLogic secures additional $1.43M for defense FPGA tech

QuickLogic, known for its embedded FPGA (eFPGA) Hard IP and ruggedized FPGAs, announced today an Incremental Funding Modification (IFM) worth $1.43 million for its Strategic Radiation Hardened (SRH) Program. This additional funding builds on the $6.58 million contract awarded on December 2024, aiming to further the development and demonstration of their high-reliability SRH FPGA technology. The company, currently valued at $84.5 million in market capitalization, has seen its stock trading near its 52-week low of $5.27, according to InvestingPro data.

The company’s president and CEO, Brian Faith, highlighted the significance of the funding, stating that QuickLogic’s FPGA and eFPGA Hard IP solutions are designed to meet the demanding requirements of the Aerospace and Defense Industrial Base customers.

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