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:
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The Announcement
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.
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