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Wired News – QuickLogic Announces Agreement with Aldec; Set to Collaborate for eFPGA Simulation Flow

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LONDON, UK / ACCESSWIRE / February 22, 2018 / Active-Investors.com has just released a free research report on QuickLogic Corp. (NASDAQ: QUIK). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=QUIK as the Company's latest news hit the wire. On February 20, 2018, the Company, which is a leading developer of ultra-low power multi-core voice-enabled SoCs, embedded FPGA IP, display bridge, and programmable logic solutions, announced a definitive agreement with Aldec, a leading design verification EDA Company, to deliver seamless simulation support for its embedded FPGA technology (eFPGA). The Company further added that its eFPGA customers could henceforth perform design verification using Aldec's industry-proven Active-HDL FPGA Design and Simulation Software. QuickLogic is currently the leading provider of OEMs that help maximize battery life for highly differentiated, immersive user experiences with Smartphone, Wearable, Hearable, and IoT devices. Register today and get access to over 1000 Free Research Reports by joining our site below:


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The Announcement

QuickLogic stated that Aldec's multiple years of expertise in the niche enables its customers to work in a seamless environment as part of the Active-HDL tool suite. Active-HDL, according to the Company, is a Windows-based integrated FPGA Design Creation and Simulation solution for team-based environments. The Company's Aurora development tool suite will aid easy design migration to and from the Aldec simulation environment for designers embedding eFPGA technology into their SoC designs.

The combination of the two tool sets, according to the Company, is set to deliver designers higher performance and low power consumption and offer post-manufacturing design flexibility in order to support design fixes, optimization, upgrades, market variants, and rapidly-evolving standards or market requirements. QuickLogic viewed the announcement as a step to streamline the step of simulation for its eFPGA customers, where simulation, according to the Company, is considered a crucial design verification step to ensure proper functionality of design. The collaboration is further expected to reduce the time to compile and execute their embedded FPGA designs, and subsequently, reduce their time-to-market.

Company Growth Prospects

Prior to the announcement, on February 14, 2018, QuickLogic reported its Q4 FY17 and full year FY17 operating results for the 3-month and 12-month periods ended December 31, 2018.

In the eFPGA segment, the Company completed its test chip tape-out for GLOBALFOUNDRIES 22FDX® FD-SOI Process. The Company further collaborated with Mentor® to optimize its Precision Synthesis software to support the ArcticProTM architecture used in QuickLogic's eFPGA.

Under the terms of the announcement with Mentor®, on December 14, 2017, the Company stated that it would distribute the new version of Precision Synthesis from Mentor® as part of its Aurora development tool suite to deliver high performance synthesis technology to eFPGA designers in their next SoC with embedded FPGA IP. The tools from both Companies had been tuned for implementation efficiency and design performance to enable the effective targeting of designs to the eFPGA IP. The combination of the two tools, according to the Company, would deliver a seamless development environment supporting a complete design flow, from RTL to programming bit-stream, for the embedded FPGA portion of the design.

Stock Performance Snapshot

February 21, 2018 - At Wednesday's closing bell, QuickLogic's stock dropped 5.11%, ending the trading session at $1.67.

Volume traded for the day: 385.64 thousand shares, which was above the 3-month average volume of 263.00 thousand shares.

Stock performance in the last three-month – up 4.37%; previous six-month period – up 31.50%; and past twelve-month period – up 3.73%

After yesterday's close, QuickLogic's market cap was at $133.15 million.

The stock is part of the Technology sector, categorized under the Semiconductor - Integrated Circuits industry.


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