LONDON, UK / ACCESSWIRE / October 13, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for QuickLogic Corp. (NASDAQ: QUIK), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/'symbol=QUIK. The Company announced on October 11, 2017, that it has signed an agreement with AcconSys, the largest EDA tool and semiconductor intellectual property (IP) distributor in China. AcconSys will act as a sales and support provider for QuickLogic's ArcticPro eFPGA solutions. The Company enables OEMs to maximize battery life for highly-differentiated, immersive user experiences with Smartphone, Wearable, and IoT devices. For immediate access to our complimentary reports, including today's coverage, register for free now at:
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on QUIK. Go directly to your stock of interest and access today's free coverage at:
QuickLogic (NASDAQ: QUIK) stated that AcconSys has a significant presence across China's largest metropolitan regions, and has a long-term relationship with tier-one customers. The Company's application engineering team holds extensive experience in SoC, system design, and integrated electronic systems.
AcconSys announced that it looked forward to working with the Company and drive its ArcticPro eFPGA strategy in China. China represents a substantial opportunity for QuickLogic, and it plans to leverage the breadth of experience and the connections that AcconSys holds, which would help the Company accelerate the momentum of its eFPGA engagements with major Chinese OEMs and semiconductor Companies.
ArcticPro eFPGA Technology
ArcticPro eFPGA strategy delivers a very cost-effective way to accelerate the implementation of the required infrastructure, while also lowering the risks associated with the development of new semiconductor devices. This technology from QuickLogic enables SoC designers to implement post production changes and increase revenue by delivering hardware programmability to their customers.
The Company stated that multiple chip variants could be created from a single mask set, hence enabling customization to address fragmented or rapidly evolving standards. This flexibility, when coupled with QuickLogic's ultra-low power architecture, enables OEMs to maximize battery life for highly differentiated, immersive user experiences with Smartphone, Wearable, and IoT Devices. QuickLogic plans to expand in China through the sales and support engagement from AcconSys.
Company Growth Prospects
QuickLogic recently announced on September 29, 2017, that Shinko Shoji, a QuickLogic distributor, would be demonstrating an EOS S3 module and evaluation board designed to support IoT and other applications at CEATEC Japan. The evaluation system from Shinko Shoji makes it easy for customers to evaluate the capabilities of the QuickLogic EOS S3 Sensor Processing Platform and to develop their own designs.
According to the Company, there are two parts of the evaluation system. The first is the EOS S3 SoC device itself, mounted on a CPU Module with 9-axis sensors and FLASH memory, clock, and DC-DC converter. The second part is an expansion board, which includes a UART, I2C and GPIO ports, and a microphone, which will allow users to easily verify design functionality.
Last Close Stock Review
QuickLogic's share price finished yesterday's trading session at $1.66, marginally sliding 0.60%. A total volume of 76.61 thousand shares have exchanged hands. The Company's stock price skyrocketed 16.08% in the last three months, 5.73% in the past six months, and 84.46% in the previous twelve months. Additionally, the stock surged 19.42% since the start of the year. The stock currently has a market cap of $136.30 million.
Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: (917) 341.4653
Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Pro-Trader Daily