QuickLogic Press Releases

QuickLogic Announces Fourth Quarter and Fiscal 2009 Results — Fourth Quarter New Product Revenue Up 50% Sequentially

Tue, 09 Feb 2010 00:00:00 -0800

Note to Editors: Download Financial Tables

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable semiconductor solutions leader, today announced the financial results for its fourth quarter and fiscal year ended January 3, 2010.

Total revenue for the fourth quarter of 2009 was $4.3 million, up 28% from the third quarter of 2009 and down 28% from the fourth quarter of 2008. The sequential increase of revenue is consistent with the revenue guidance given during the Company's October 27, 2009, third quarter earnings call. During the fourth quarter, new product revenue increased about 50% to $2.0 million from $1.4 million in the third quarter of 2009. This sequential increase in new product revenue accounted for roughly half of the total revenue in the fourth quarter.

Under generally accepted accounting principles (GAAP), the net loss for the fourth quarter of 2009 was $1.9 million, or $0.06 per share, compared with a net loss of $3.0 million, or $0.10 per share, in the third quarter of 2009 and a net loss of $2.6 million, or $0.09 per share, in the fourth quarter of 2008. Non-GAAP net loss for the fourth quarter of 2009 was $1.3 million, or $0.04 per share, compared with a non-GAAP net loss of $1.9 million, or $0.06 per share, in the third quarter of 2009 and a non-GAAP net loss of $1.2 million, or $0.04 per share, in the fourth quarter of 2008.

Revenue for 2009 was $15.1 million, compared with revenue of $31.9 million in 2008. Under GAAP, the net loss for 2009 was $9.8 million, or $0.32 per share, compared with a net loss of $9.4 million, or $0.32 per share, in 2008. Non-GAAP net loss for 2009 was $7.1 million, or $0.23 per share, compared with a non-GAAP net loss of $3.0 million, or $0.10 per share, in 2008.

"We are pleased with the significant growth of new product shipments during the fourth quarter, driven primarily by multiple 3G USB modem OEMs," said Tom Hart, QuickLogic's Chairman of the Board and CEO. "We have now established CSSPs with Tier 1 OEMs in the high growth, mobile electronics segment; a testament to our focus, innovative technology, and strong ecosystem of partners."

Conference Call

QuickLogic will hold a conference call at 2:30 p.m. Pacific Standard Time today, February 9, 2010, to discuss its current financial results. The conference call is being webcast and can be accessed via QuickLogic's website at www.quicklogic.com. To participate in the conference, please call (877) 718-5107 by 2:20 p.m. Pacific Standard Time. A recording of the call will be available starting one hour after completion of the call. To access the recording, please call (719) 457-0820 and reference the passcode:6740423. The call recording will be archived until Friday, February 12, 2010 and the webcast will be available for 12 months.

Non-GAAP Financial Measures

Management uses the non-GAAP measures, which exclude gains, losses and other charges that are considered by management to be outside of the Company's core operating results, internally to evaluate its operating performance against results in prior periods and its operating plans and forecasts. In addition, the non-GAAP measures are used to plan for the Company's future periods, and serve as a basis for the allocation of Company resources, management of operations and the measurement of profit-dependent cash and equity compensation paid to employees and executive officers.

Investors should note, however, that the non-GAAP financial measures used by QuickLogic may not be the same non-GAAP financial measures, and may not be calculated in the same manner, as that of other companies. QuickLogic does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures alone or as a substitute for financial information prepared in accordance with GAAP. A reconciliation of GAAP financial measures to non-GAAP financial measures is included in the financial statements portion of this press release. Investors are encouraged to review the related GAAP financial measures and the reconciliation of non-GAAP financial measures with their most directly comparable GAAP financial measures.

QuickLogic CSSPs Shipping in Option Wireless’ 14.4Mbps 3G USB Modems with MicroSD Support

Thu, 28 Jan 2010 00:00:00 -0800

CSSPs enhance SD Memory Card performance of USB Cat9 and Cat10 HSDPA USB modems

Supports Option’s uCAN® Move application for great customer user experience

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, is proud to announce that its Customer Specific Standard Products (CSSPs) are being adopted by Option® Wireless in a line of 3G Cat9 (10.1 Mbps) and Cat10 (14.4 Mbps) HSDPA USB modems for wireless communications over cellular networks. Option is a global leader in wireless technology, focused on the design, development and manufacture of innovative solutions that provide businesses and consumers with high-quality wireless broadband access to the Internet, anywhere, anytime.

Option's latest iCON505M series of 3G USB modems offer the ability to add up to 32 GB of micro SD memory to the modem to facilitate the sharing of downloaded content with Smartphones, Smartbooks, Netbooks, multimedia players and other consumer electronic devices, simplify the exchange of files between different PCs, or the transfer of images between digital cameras and a PC. Consumers are demanding these transfers be done in less time - a task that is becoming increasingly difficult with the large multimedia files being transferred or shared today. Option has adopted a QuickLogic® CSSP that addresses this unique consumer use case.

In industry standard (Note 1) performance benchmark tests, the Option® iCON505M modem with the QuickLogic CSSP achieved 16 MB/s read performance and 7.4 MB/s write performance when transferring files between a Notebook PC and a microSD memory card in the modem. A competitor's similar product (Note 2) without the QuickLogic CSSP was measured at less than 1 MB/s for both read and write performance.

“We are thrilled to hear the results of the QuickLogic benchmark test,” said Martin Croome, Option’s vice president of marketing. “This confirms Option’s strategy to use quality solutions, such as QuickLogic’s CSSPs, to deliver high performance 3G USB Modems. This is particularly important in view of Option’s strong strategic orientation toward value-added services and applications, such as uCAN Move. The uCAN Move application allows professionals and consumers to access their applications, content and personal internet connection with one click from any PC.”

“The CSSP design approach allows customers, such as Option, to deliver high performance 3G USB modems with innovative applications such as uCAN Move giving customers a great user experience as they quickly access their applications and exchange files beyond what can be achieved by using only standard products,” said Andrew J. Pease, QuickLogic’s president. “As with all of our CSSP engagements, the QuickLogic and Option engineering teams worked collaboratively during the architecture and development process to ensure best-in-class performance for their Cat9 and Cat10 USB modems.”

Note 1: The benchmarking software used was an information and diagnostic utility application by SiSoftware Sandra (the System ANalyser, Diagnostic and Reporting Assistant).

Note 2: The similar competitive 3G USB Modem used was the 02 E169 HSDPA product.

QuickLogic Announces Q4 and FY2009 Earnings Conference Call

Wed, 20 Jan 2010 00:00:00 -0800

QuickLogic Corporation (NASDAQ:QUIK), the lowest power Customer Specific Standard Product (CSSP) solutions leader, has scheduled a conference call to discuss the company's earnings results for its fourth quarter and fiscal year 2009 on Tuesday, February 9, 2010, at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time.

QuickLogic Corporation will issue a news release announcing the Company's fourth quarter and fiscal year 2009 earnings results at approximately 1:00 p.m. Pacific Time / 4:00 p.m. Eastern Time on February 9, 2010. The conference call can be accessed via QuickLogic's website at www.quicklogic.com, or join the live conference by dialing 877-718-5107 by 2:20 p.m. Pacific Time. A recording of the call will be available starting one hour after the completion of the call. To access the recording, please call 719-457-0820 and reference the passcode 6740423. The call recording will be archived until February 12 and the webcast will be available for 12 months.

QuickLogic Announces Q4 2009 Revenue Growth

Mon, 11 Jan 2010 00:00:00 -0800

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable semiconductor solutions leader, today announced that it expects to report fourth quarter revenue of approximately $4.2 million. This represents an increase of 28% over the third quarter revenue level and is consistent with the revenue guidance given during the company’s October 27, 2009, third quarter earnings call. New product revenue increased approximately 50% sequentially and accounted for roughly half of the total revenue in the fourth quarter.

QuickLogic cautions that the financial results disclosed are preliminary, are based on the best information currently available to the company and are subject to completion of the financial statements and the audit of QuickLogic’s year-end financial results.

QuickLogic to Present at the 12th Annual Needham & Company Growth Conference in New York

Mon, 21 Dec 2009 00:00:00 -0800

QuickLogic Corporation (NASDAQ: QUIK), the leader in lowest power Customer Specific Standard Products (CSSPs), today announced that Mr. E. Thomas Hart, QuickLogic’s Chairman and CEO, and Mr. Ralph Marimon, the company’s Chief Financial Officer, are scheduled to present at the Needham & Company Growth Conference in New York. They will provide an overview of the company’s CSSP strategy and its impact on the mobile electronics market in delivering a single-chip solution that offers designers the integration and flexibility required to accelerate time-to-market and differentiation in the mobile segment.

Location: The New York Palace Hotel, 455 Madison Avenue, New York, NY 10022

Time: Wednesday, January 13 at 10:00 a.m., Eastern Time

Webcast URL: http://www.wsw.com/webcast/needham35/quik/ (This presentation will be archived for 90 days.)

QuickLogic Showcases Innovative CSSP-Enabled Handset and Mobile CE Products at Consumer Electronics Show (CES) in Las Vegas

Wed, 16 Dec 2009 00:00:00 -0800

Demonstrating its continued commitment to the mobile consumer electronics market, QuickLogic Corporation (NASDAQ: QUIK), is showcasing a host of next-generation handheld and mobile consumer electronics (CE) devices based on QuickLogic’s Customer Specific Standard Product (CSSP) solutions during the CES show in Las Vegas, January 7-10, 2010. Among the technologies on display is the Visual Enhancement Engine (VEE™) and Display Power Optimizer (DPO) technology. QuickLogic’s VEE and DPO technologies bring a TV-quality visual experience to mobile devices with either OLED or TFT LCD displays while significantly reducing power consumption of the display subsystem. The showcase theme: “Seeing is Believing.”

CES Featured Demos

A visit to the private hospitality suite will reveal how QuickLogic’s CSSP solutions are being deployed in the following next-generation products:

Mobile Internet Devices, Smartbooks, Netbooks and Smartphones implemented with QuickLogic’s 2nd generation VEE technology.
3G USB Data Cards from multiple OEMs using CSSPs that integrate High Speed USB 2.0 and SD/eMMC host controllers.
Enterprise POS systems that showcase the extent of QuickLogic’s library of low power Proven System Blocks, including USB 2.0 OTG with PHY, SD/eMMC host controllers, and Secure Access Module capability.

Each product will have one or more QuickLogic CSSPs inside enabling visitors to see for themselves the benefits of the CSSP design approach in solving interface, storage, and display design challenges. Visitors will also be able to view CSSPs that increase sideloading performance, as well as personally experience the enhanced image quality and dramatic power savings achieved using QuickLogic’s revolutionary VEE and DPO technologies. Visitors will find QuickLogic’s showcase in the South Hall of the Las Vegas Convention Center, Suite 36063MP. To register for a specific time to visit the private suite and receive personal attention, please call +1-408-990-4000, and ask to schedule an appointment.

QuickLogic Tailors Website for At-A-Glance Research of CSSP Solutions and Applications

Wed, 18 Nov 2009 00:00:00 -0800

QuickLogic Corporation (NASDAQ: QUIK), the leader in lowest power Customer Specific Standard Products (CSSPs), is pleased to announce the launch of its completely redesigned and enhanced website. With significant improvements in content, navigation and design, the new site offers the battery powered, handheld device community a portal for user-friendly, at-a-glance research of CSSP solutions. The site also serves the investing community with easy access to QuickLogic financial information, stock quotes and SEC required filings.

The website features content updates segmented by:

Market

Application

The completely updated format allows users to easily access an overview, block diagrams, examples of use-cases and key documents. The Google search engine enables users to type in a keyword to find the information they need. And, the "QuickLinks" section at the end of every page simplifies navigation throughout the entire website.

"The web is an important medium for communicating our solutions and capabilities to the broad range of decision-makers in the handheld, mobile device value chain, including our customers, partners and network operators," said Brian Faith, VP of Worldwide Marketing. "We have organized the content and enhanced the navigation so that they can find the information they need quickly and efficiently."

The new website can be viewed at http://www.quicklogic.com

QuickLogic Corporation Announces $6.24 Million Registered Direct Offering

Tue, 17 Nov 2009 00:00:00 -0800

QuickLogic Corporation (NASDAQ:QUIK), the lowest power programmable semiconductor solutions leader, today announced that it has entered into definitive agreements with a select group of institutional investors to sell an aggregate of 4,305,929 shares of common stock and warrants to purchase up to an aggregate of 3,229,446 shares of common stock in a registered direct offering. The common stock and warrants will be sold in units (the "Units"), with each Unit consisting of (i) one share of common stock and (ii) a warrant to purchase 0.75 of a share of common stock, at a negotiated purchase price of $1.45 per Unit. The Company expects to receive gross proceeds from the offering of approximately $6.24 million, before deducting placement agent's fees and estimated offering expenses. The Company's costs in connection with the offering are expected to be approximately $0.7 million. The Warrants are exercisable any time after the six month anniversary of the date of issuance until the 66 month anniversary of the date of issuance, and will be exercisable at a price of $2.15 per share.

The transaction is expected to close on or about November 20, 2009, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the sale of the Units pursuant to this offering for general corporate purposes, including without limitation, sales and marketing activities, research and development, capital expenditures and working capital.

All of the shares of common stock, the warrants to purchase shares of common stock and the shares of common stock issuable upon exercise of the warrants are being offered by QuickLogic Corporation pursuant to a shelf registration statement previously filed with the Securities and Exchange Commission (the "SEC"), which was declared effective by the SEC on September 2, 2009, as supplemented by a prospectus supplement dated November 17, 2009 filed with the Securities and Exchange Commission pursuant to Rule 424(b) under the Securities Act of 1933, as amended.

Needham & Company, LLC served as the exclusive placement agent for the offering. The Units may only be offered by means of a prospectus. Copies of the final prospectus supplement and accompanying base prospectus can be obtained at the SEC's website at http://www.sec.gov or by writing or calling the Company at 1277 Orleans Drive, Sunnyvale, California 94089-1138, Attention: Ralph Marimon, Chief Financial Officer, (408) 990-4000.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in this offering. There shall not be any sale of these securities in any state or jurisdiction in which such offering, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

QuickLogic to Present at the Portable Computer and Communications Association Workshop in Portland

Tue, 03 Nov 2009 00:00:00 -0800

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced that Timothy Saxe, Ph.D., Chief Technology Officer for QuickLogic, will be presenting at the Portable Computer and Communications Association (PCCA) workshop on Emerging Mobile Platforms, in Portland, Oregon.

Dr. Saxe will join other world leading technologists from Intel®, Microsoft®, Qualcomm® and The Olliance Group to examine emerging mobile platforms from both a technical and market perspective. Specifically, Dr. Saxe will discuss the semiconductor perspectives on emerging mobile devices, including integration, capabilities and power management.

Location: Hilton Garden Inn, 12048 Northeast Airport Way, Portland, OR 97220

Time: Thursday, November 5, 8:00 a.m. - 4:00 p.m. Pacific Time

QuickLogic Announces Fiscal 2009 Third Quarter Results

Tue, 27 Oct 2009 00:00:00 -0700

Note to Editors: Download Financial Tables

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable semiconductor solutions leader, today announced the financial results for its fiscal third quarter ended September 27, 2009.

Total revenue for the third quarter of 2009 was $3.3 million, up 14% from the second quarter of 2009 and down 47% from the third quarter of 2008. The sequential increase of revenue was primarily due to an increase in new product revenue and strong bookings towards the end of the second quarter. During the third quarter, new product revenue increased 67% to $1.4 million from $0.8 million in the second quarter of 2009. This sequential increase in new product revenue was mainly due to our customer specific standard product (CSSP) customers going into production in the third quarter.

Under generally accepted accounting principles (GAAP), the net loss for the third quarter of 2009 was $3.0 million, or $0.10 per share, compared with a net loss of $3.2 million, or $0.11 per share, in the second quarter of 2009 and a net loss of $0.6 million, or $0.02 per share, in the third quarter of 2008. Non-GAAP net loss for the third quarter of 2009 was $1.9 million, or $0.06 per share, compared with a non-GAAP net loss of $2.7 million, or $0.09 per share, in the second quarter of 2009 and a non-GAAP net loss of $0.2 million, or $0.01 per share, in the third quarter of 2008.

"We are pleased with the significant growth of new product shipments in the third quarter of this year,” said Tom Hart, QuickLogic’s Chairman of the Board and CEO. “This increase is primarily associated with our strategic focus of driving CSSPs into high growth mobile, battery-powered handheld electronics segments, such as wireless, broadband data cards. The new product bookings were strong in the third quarter, which should lead to another increase in new product revenue in the fourth quarter.”

Conference Call

QuickLogic will hold a conference call at 2:30 p.m. Pacific Daylight Time today, October 27, 2009, to discuss the third quarter financial results. The conference call is being webcast and can be accessed via QuickLogic’s website at www.quicklogic.com. To participate, please call (888) 378-4361 by 2:20 p.m. Pacific Daylight Time. A recording of the call will be available starting one hour after completion of the call. To access the recording, please call (719) 457-0820 or (888) 203-1112 and reference the passcode: 9997974. The call recording will be archived until Friday, October 30, 2009 and the webcast will be available for 12 months.

Non-GAAP Financial Measures

Management uses the non-GAAP measures, which exclude gains, losses and other charges that are considered by management to be outside of the Company’s core operating results, internally to evaluate its operating performance against results in prior periods and its operating plans and forecasts. In addition, the non-GAAP measures are used to plan for the Company’s future periods, and serve as a basis for the allocation of Company resources, management of operations and the measurement of profit-dependent cash and equity compensation paid to employees and executive officers.

QuickLogic Announces Availability of Its ArcticLink II VX2 CSSP Solution Platform

Wed, 21 Oct 2009 00:00:00 -0700

Up to 80% lower power than a standard backlit LCD while providing a rich, TV-quality viewing experience

Reduces processor duty-cycle to further extend battery life with optional integrated frame buffer

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced engineering sample shipments of its low power ArcticLink® II VX2 solution platform. With embedded 2nd generation Visual Enhancement Engine (VEE v2.0), Display Power Optimizer (DPO), optional frame buffer, and low power programmable fabric, the ArcticLink II VX2 solution platform is ideal for display path CSSPs for smartphones, multimedia phones, feature phones, mobile internet devices (MIDs), netbooks, smartbooks, mobile TV devices, and portable navigation devices (PNDs).

The low power ArcticLink II VX2 solution platform incorporates the following key features:

The embedded VEE v2.0 provides a TV-quality visual experience. By leveraging pixel-by-pixel processing, VEE is effective in all lighting conditions, including direct sunlight.
The embedded DPO intelligently drives the Pulse Width Modulator (PWM) circuitry of the backlights in TFT LCD displays - reducing display power consumption by up to 80%.
Up to 32 Mbits of embedded frame buffer using very low power cellularRAM® technology supports up to WSVGA resolution (1024x600) and 24-bit color depth, allowing the mobile processor to be kept in sleep mode while refreshing mobile displays at 60+ frames per second.
The programmable fabric supports a diverse suite of fully tested Proven System Blocks (PSBs) and customer specific peripheral connectivity. This provides CSSP customers with faster time-to-market, greater flexibility during market cycles, the lowest possible system power consumption and lower BOM costs.

"Longer battery life and better display quality have become two of the most important features for portable, media-rich devices of all kinds," said Brian Faith, VP of Worldwide Marketing for QuickLogic. "As recently as a year ago, battery life specifications addressed only talk time and standby time. However, of equal importance today is what some writers have termed as ‘YouTube minutes.' Consumers want displays that provide a TV-quality experience, even in direct sunlight, yet don't rob them of precious battery power. The combination VEE v2.0 and DPO is the only solution on the market that fully addresses these issues."

Availability

CSSPs based on the ArcticLink II VX2 solution platform are sampling now, and are scheduled for full production availability in Q4, 2009.

For more information on ArcticLink II VX2, please go to www.quicklogic.com/vx2

QuickLogic Extends Battery Life with Display Power Optimizer (DPO) Proven System Block

Wed, 21 Oct 2009 00:00:00 -0700

Next generation intelligent display management that radically lowers power consumption while significantly improving display quality in all viewing conditions

Directly drives Pulse Width Modulator for autonomous control of display brightness

Demonstrating its continued commitment to the mobile market, QuickLogic Corporation (NASDAQ: QUIK) today announced its new intelligent Display Power Optimizer (DPO) Proven System Block (PSB). DPO is designed to work in conjunction with QuickLogic's second generation Visual Enhancement Engine (VEE™ v2.0) to deliver the best of both worlds - a single-chip solution that provides a TV-quality viewing experience and up to an 80% reduction in backlight power usage.

"Mobile multimedia such as Hulu and YouTube is overwhelming the bandwidth of cellular networks and, at the same time, overtaxing the power budgets of battery powered devices that are not optimized to support this new, ‘Always-on' world," said Brian Faith, QuickLogic's vice president of worldwide marketing. "With our new solution that couples DPO and VEE technology in a single chip, consumers can get the battery life they need with the visual experience they desire."

QuickLogic's VEE PSB is based on proven, patented technology licensed from Apical Limited. This technology is designed to provide TV-like video quality in all lighting conditions, including direct sunlight, yet reduce backlight power by as much as 80%. VEE not only examines the video bit stream in real time on a pixel-by-pixel basis, it also runs comparative algorithms to insure the integrity of the original content is maintained and the images are scientifically optimized in accordance with how the human visual system works.

Both the VEE v2.0 and the DPO PSBs are available for inclusion in Customer Specific Standard Products (CSSPs) developed by QuickLogic. The flexibility of the PSBs allows QuickLogic to individually tune the VEE and DPO proven system blocks to a customer's specific display, backlight and application processor design.

Availability

The DPO PSB option is immediately available on all QuickLogic platforms that offer the VEE v2.0 PSB, including the ArcticLink® II VX family.

For more information on DPO, please go to www.quicklogic.com/dpo

QuickLogic Extends Smart I/O Connectivity to Smartbook/Netbook and Mobile Developers

Wed, 14 Oct 2009 00:00:00 -0700

Proven System Blocks close I/O support gaps for non-traditional PC processors

Simplifies OEM/ODM design while saving power in battery-powered consumer products

Continuing its commitment to meeting the needs of mobile device developers, including those targeting the high growth “smartbook” and “netbook” PC market, QuickLogic Corporation has expanded its line of Smart I/O Proven System Blocks (PSBs) for use in Customer Specific Standard Products (CSSPs). Among the PSBs now available are an I2C master controller, a pulse width modulator (PWM), a PS2 controller, and a low-power matrix keyboard controller.

“Many developers of smartbooks and netbooks are approaching the market from the smartphone point-of-view,” said Brian Faith, QuickLogic’s vice president of worldwide marketing. “They are utilizing ARM processor architectures, which in many cases do not have all of the required I/O that consumers have come to expect from computing products. QuickLogic’s CSSPs with Smart I/O PSBs close these gaps quickly, with low BOM cost and PCB space.”

New Smart I/O PSBs Added

QuickLogic’s extensive PSB library already includes highly desirable I/O functions such as USB 2.0 High Speed Host/Client/OTG, various memory card and HDD mass storage interfaces, general-purpose I/O (GPIO), and LCD display controllers featuring QuickLogic's Visual Enhancement Engine (VEE™). Now, PS/2 interface, PWM control, matrix keyboard, and I2C host controller functions have been added and, due to their configurable nature, can efficiently connect these critical I/O functions to whatever processor architecture the developer chooses. These I/O functions are especially valuable in the emerging smartbook/netbook market:

PS/2 interfaces are commonly used for controlling touchpad pointing devices.
I2C master controllers provide efficient control of position and orientation sensors such as electronic compasses and accelerometers, ambient light and proximity sensors, as well as touch-screen controllers.
PWM controllers provide backlight intensity control as well as on-off and variable brightness control for indicator LEDs, including the new "breathing" functionality.
A matrix keyboard controller provides a low-power interface for low-cost full-function keyboards, and includes support for high-end features such as 3-key rollover and ghosting detection.

Power Savings Available

QuickLogic’s Smart I/O PSBs enable developers to reduce system power demands. The I2C controller, for instance, can aggregate positioning information and send it to the CPU on a schedule rather than being interrupt-driven, allowing the CPU to spend more time in a lowpower sleep mode. The matrix keyboard controller eliminates the need for active elements in the keyboard - also reducing power consumption. Finally, a tightly coupled Power Management Unit (PMU) allows for clock multiplexing on a PSB-by-PSB basis to ensure PSBs run from a very low frequency 32 kHz hibernate clock, when not in use.

Availability

All of these Smart I/O PSBs are available immediately and can be embedded in all CSSPs utilizing the PolarPro®, PolarPro II, ArcticLink® and ArcticLink II solution platform families.

QuickLogic Announces Q3 Earnings Conference Call

Tue, 13 Oct 2009 00:00:00 -0700

QuickLogic Corporation (NASDAQ:QUIK), the lowest power programmable solutions leader, has scheduled a conference call to discuss the company's earnings results for its third quarter on Tuesday, October 27, 2009, at 2:30 p.m. Pacific Daylight Time / 5:30 p.m. Eastern Daylight Time.

QuickLogic Corporation will issue a news release announcing the Company's third quarter 2009 earnings results at approximately 1:00 p.m. Pacific Daylight Time / 4:00 p.m. Eastern Daylight Time on October 27, 2009. The conference call can be accessed via QuickLogic's website at www.quicklogic.com, or join the live conference by dialing 888-378-4361 by 2:20 p.m. Pacific Time. A recording of the call will be available starting one hour after the completion of the call. To access the recording, please call 719-457-0820 or 888-203-1112 and reference the passcode 9997974. The call recording will be archived until Friday, October, 30th 2009 and the webcast will be available for 12 months.

QuickLogic CSSPs Dramatically Lower Power Consumption in Intel Atom-Based Netbook and MID Designs

Tue, 22 Sep 2009 00:00:00 -0700

Underscoring its commitment to providing innovative solutions for the Netbook and Mobile Internet Device (MID) market, QuickLogic Corporation (NASDAQ: QUIK) revealed a fully-operational Customer Specific Standard Product (CSSP) that leverages the power-saving benefits of the Visual Enhancement Engine (VEE) technology for an MID design based on the Intel® Atom™ processor. QuickLogic will be providing CSSP details and battery life extension results, as well as demonstrating the MID product and its display quality, at the Intel Developer Forum in San Francisco.

QuickLogic's VEE technology improves the viewability of multimedia content on an LCD display, especially under high ambient light conditions including sunlight. The enhancement allows MIDs to deliver an excellent viewing experience with lower backlight intensity than would otherwise be required. This reduced intensity translates into significantly lower display power consumption. The VEE technology is now product-design-proven to work with the Intel Atom processor and is available as a Proven System Block (PSB) for inclusion in a CSSP.

"Larger, high resolution displays consume a substantial amount of power in Atom-based designs", said Brian Faith, QuickLogic's vice president of worldwide marketing. "The use of a CSSP with VEE technology helps extend battery life in such products which is critical to the user experience."

QuickLogic CSSP Adds Additional Capability to Icera’s Espresso® 300 3G Soft Modem Solution for Rapidly Growing USB Modem Market

Thu, 30 Jul 2009 00:00:00 -0700

ArcticLink® CSSP platform used with Icera’s Espresso® 300 3G soft modem reference platform solution now in production

Offers increased performance and efficiency between USB 2.0 host interface and onboard Micro SD/SDHC memory card interfaces

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced the selection of its Customer Specific Standard Product (CSSP), based on the ArcticLink solution platform, for the Icera Espresso® 300 3G soft modem platform, that is now entering production.

Icera is a leader in software-defined wireless chipsets and is the only company to deliver software-based cellular modems for broadband data cards, USB sticks, and mobile internet devices. Icera’s reference design uses a wafer-level chip scale (WLCSP) version of the ArcticLink solution platform to compliment its second-generation baseband chip design. QuickLogic provides higher speed, smart data transfers between USB and SD/SDHC memory via QuickLogic’s innovative Smart Programmable Integrated Data Aggregator (SPIDA) system block.

Mobile data service providers anticipate customer demand for USB-based broadband data cards to reach nearly 40 million units in 2009, according to the market research firm ABI Research. By working with QuickLogic, Icera was able to rapidly address the emerging market for USB data cards that incorporate a microSD/SDHC memory card interface. By using the QuickLogic CSSP, based on the ArcticLink solution platform, Icera was able to quickly adapt their leading edge USB data card reference design, without compromising power consumption or impacting performance – in terms of both the modem and the USB-to-SD/SDHC memory transfers. As a result, consumers can now have one USB device plugged into their PC, incorporating both a cellular modem and removable memory function.

“QuickLogic’s technology and capabilities were key to our ability to quickly respond to the shifting market requirements without compromises,” said Rick Dingle, vice president of Customer Engineering at Icera. “The CSSP approach and the use of QuickLogic’s SPIDA- proven system block embedded within the ArcticLink solution platform provided us with the opportunity to work with QuickLogic on architecting and adapting the solution for power and performance efficiencies. By working directly with QuickLogic’s architecture and development teams, Icera was able to go from specification to first samples in less than eight weeks.”

“QuickLogic’s CSSP solutions provide innovative companies such as Icera with the flexibility to implement custom designs optimized for power consumption and performance while saving them the time, expense and effort of spinning base platform silicon,” said Andrew J. Pease, QuickLogic’s president. “Because CSSPs are not customized until after fabrication and test, we have an appropriate die bank awaiting the needs of many different customers, giving them customized solutions at standard product pricing and availability.”

The ArcticLink-based CSSP that Icera chose belongs to a family of solution platforms that embed a unique combination of QuickLogic’s patented ViaLink® programmable fabric technology and hard-wired logic for commonly requested functions to maximize speed, and minimize power consumption and cost. QuickLogic implemented additional proven system blocks (PSBs) with state-of-the-art power consumption and performance characteristics in the programmable fabric to meet specific customer requirements. This breadth of functions gives customers the ability to quickly receive a customer specific design with the right combination of functionality, performance, size, and cost without the delays and expense that characterize other custom design approaches.

QuickLogic Announces Fiscal 2009 Second Quarter Results

Tue, 28 Jul 2009 00:00:00 -0700

Note to Editors: Download Financial Tables

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable semiconductor solutions leader, today announced the financial results for its fiscal second quarter ended June 28, 2009.

During the second quarter, new product revenue increased 24% from the first quarter of 2009. However, as we previously announced, a sharp decline in demand for our legacy products sold into the US and Western European markets caused a decline in total revenue for the second quarter of 2009 to $2.9 million, down 36 percent from the first quarter of 2009 and down 67 percent from the second quarter of 2008.

Under generally accepted accounting principles (GAAP), the net loss for the second quarter of 2009 was $3.2 million, or $0.11 per share, compared with a net loss of $1.6 million, or $0.05 per share, in the first quarter of 2009 and a net loss of $4.7 million, or $0.16 per share, in the second quarter of 2008. Non-GAAP net loss for the second quarter of 2009 was $2.7 million, or $0.09 per share, compared with a non-GAAP net loss of $1.2 million, or $0.04 per share, in the first quarter of 2009 and a non-GAAP net loss of $0.9 million, or $0.03 per share, in the second quarter of 2008.

"The U.S. and Western European market served by our legacy products have been among those hardest hit during this recession and, for the most part, are still struggling. This is unfortunate, but it is a part of the equation that we can do little to impact. However, the part of the equation that we can drive is moving forward," said QuickLogic's CEO, Tom Hart. "While second quarter shipments for new products came in at the low end of our expectations, bookings were strong during the last half of June. We believe this will lead to a material increase in new product shipments in Q3."

Conference Call

QuickLogic will hold a conference call at 2:30 p.m. Pacific Time today, July 28, 2009, to discuss the second quarter financial results. The conference call is being webcast and can be accessed via QuickLogic’s website at www.quicklogic.com. To participate, please call (877) 419-6596 by 2:20 p.m. Pacific Time. A recording of the call will be available starting one hour after completion of the call. To access the recording, please call (719) 457-0820 and reference the pass code: 5081417. The call recording will be archived until July 31, 2009 and the webcast will be available for 12 months.

Non-GAAP Financial Measures

QuickLogic Announces Q2 Earnings Conference Call

Tue, 14 Jul 2009 00:00:00 -0700

QuickLogic Corporation (NASDAQ:QUIK), the lowest power programmable solutions leader, has scheduled a conference call to discuss the company's earnings results for its second quarter on Tuesday, July 28, 2009, at 2:30 p.m. Pacific Daylight Time / 5:30 p.m. Eastern Daylight Time.

QuickLogic Corporation will issue a news release announcing the Company's second quarter 2009 earnings results at approximately 1:00 p.m. Pacific Daylight Time / 4:00 p.m. Eastern Daylight Time on July 28, 2009. The conference call can be accessed via QuickLogic's website at www.quicklogic.com, or join the live conference by dialing 877-419-6596 by 2:20 p.m. Pacific Time. A recording of the call will be available starting one hour after the completion of the call. To access the recording, please call 719-457-0820 and reference the passcode 5081417. The call recording will be archived until July 31st, 2009 and the webcast will be available for 12 months.

QuickLogic Provides Updated Revenue Outlook for the Second Quarter of 2009

Wed, 01 Jul 2009 00:00:00 -0700

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable semiconductor solutions leader, today provided an updated revenue outlook for the second quarter of 2009 which ended on June 28.

During the second quarter, new product revenue increased nearly 25%. However, due to a sharp decrease in demand for our legacy products sold into U.S. and Western European markets, total second quarter revenue is anticipated to be between $2.8 million and $3.0 million, which is below the guidance issued on April 28, 2009. Other notable items for the quarter include:

The book-to-bill ratio for new products was substantially above one-to-one.
Cash used during the quarter was within guidance.
Design wins, production and pre-production contracts for new products, as outlined during the April 28, 2009 conference call, are all moving forward within outlined expectations.

"The U.S. and Western European market sectors served by our legacy products were among those hardest hit during the recession and, for the most part, are still struggling. This is unfortunate, but it is a part of the equation that we can do little to impact. However, the part of the equation that we can drive is moving forward," said QuickLogic's CEO, Tom Hart. "While second quarter shipments for new products came in at the low end of our expectations, bookings were strong during the last half of June. We believe this will lead to a material increase in new product shipments in Q3. We'll look forward to discussing this and other strategic developments during our July 28 conference call.”

QuickLogic Appoints Frank Ellis to Vice President Worldwide Sales

Mon, 11 May 2009 00:00:00 -0700

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced that Frank G. Ellis has joined the company as Vice President Worldwide Sales following the recent promotion of Andy Pease to President of the Corporation. Mr. Ellis will be responsible for executing QuickLogic’s Customer Specific Standard Product (CSSP) sales strategy and leading all of the company’s sales activities globally.

Mr. Ellis comes to QuickLogic with over 25 years experience of complex technical sales and business development in the semiconductor industry, particularly in the mobile consumer/prosumer and enterprise markets. During this time, he has held senior sales, business development and worldwide sales management positions at leading companies such as Texas Instruments, Harris/Intersil Corporation, and RF Micro Devices (through their acquisition of Resonext Communications). Mr. Ellis holds a Bachelor of Science degree in Electrical Engineering Technology from the Milwaukee School of Engineering.

“Frank’s evident passion for and success in the mobile space is a perfect fit for QuickLogic as we continue our penetration of the cellular, computing and consumer electronics markets,” said Andy Pease, President. “His demonstrated ability to lead, engage and win in Asia, particularly with ODMs and OEMs, is key to achieving QuickLogic’s aggressive growth plans over the next three years. I am delighted to welcome him to the team and look forward to much success”.

QuickLogic Announces Fiscal 2009 First Quarter Results

Tue, 28 Apr 2009 00:00:00 -0700

Note to Editors: Download Financial Tables

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable semiconductor solutions leader, today announced the financial results for its fiscal first quarter ended March 29, 2009.

Total revenue for the first quarter of 2009 was $4.6 million, down 23 percent from the fourth quarter of 2008 and down 59 percent from the first quarter of 2008. The sequential decline in revenue was due to declines in both our new product and legacy product lines. The decline in new product revenue was caused by the end of life of a product family by a tier 1 customer and delays in new product start-up with several major customers. The decline in legacy product revenue resulted from the general economic slowdown. New products - ArcticLink®, PolarPro® II, PolarPro , Eclipse™ II and QuickPCI® II - contributed 15 percent of revenue in the first quarter of 2009 compared to 26 percent in the fourth quarter of 2008 and 24 percent of revenue in the first quarter of 2008.

Under generally accepted accounting principles (GAAP), the net loss for the first quarter of 2009 was $1.6 million, or $0.05 per share, compared with a net loss of $2.6 million, or $0.09 per share, in the fourth quarter of 2008 and a net loss of $1.4 million, or $0.05 per share, in the first quarter of 2008. Non-GAAP net loss for the first quarter of 2009 was $1.2 million, or $0.04 per share, compared with a non-GAAP net loss of $1.2 million, or $0.04 per share, in the fourth quarter of 2008 and a non-GAAP net loss of $0.7 million, or $0.02 per share, in the first quarter of 2008.

“Our financial results were in line with our guidance for the first quarter, and we expect our new product revenue to grow in future quarters,” said E. Thomas Hart, Chairman of the Board and CEO. “During the first quarter we worked with our partners to finish development of our latest ArcticLink II VX4 solution platform. The VX family embeds the second generation Visual Enhancement Engine, or VEE™, Proven System Block (PSB), which improves the user’s video viewing experience while extending system battery life by allowing reduction in the power used by a mobile device’s single biggest consumer of power, the backlight. The VX4 platform also embeds the Qualcomm developed MDDI serial interface for ease of connection with their mobile processors.”

Conference Call

QuickLogic will hold a conference call at 2:30 p.m. Pacific Time today, April 28, 2009, to discuss the first quarter financial results. The conference call is being webcast and can be accessed via QuickLogic’s website at www.quicklogic.com. To participate, please call (877) 548-7912 by 2:20 p.m. Pacific Time. A recording of the call will be available starting one hour after completion of the call. To access the recording, please call (719) 457-0820 and reference the pass code: 4199677. The call recording will be archived until May 1, 2009 and the webcast will be available for 12 months.

Non-GAAP Financial Measures

QuickLogic Announces Q1 2009 Earnings Conference Call

Tue, 14 Apr 2009 00:00:00 -0700

QuickLogic Corporation (NASDAQ:QUIK), the lowest power programmable solutions leader, has scheduled a conference call to discuss the company's earnings results for its fiscal first quarter on Tuesday, April 28, 2009, at 2:30 p.m. Pacific Daylight Time / 5:30 p.m. Eastern Daylight Time.

QuickLogic Corporation will issue a news release announcing the Company's first quarter 2009 earnings results at approximately 1:00 p.m. Pacific Daylight Time / 4:00 p.m. Eastern Daylight Time on April 28, 2009. The conference call can be accessed via QuickLogic's website at www.quicklogic.com, or join the live conference by dialing (877) 548-7912 by 2:20 p.m. Pacific Time on April 28, 2009. A recording of the call will be available starting one hour after the completion of the call. To access the recording, please call (719) 457-0820 and reference the passcode 4199677. The call recording will be archived until Thursday May 1st, 2009 and the webcast will be available for 12 months.

QuickLogic Expands ArcticLink II Family to Support Qualcomm Mobile Processors

Mon, 30 Mar 2009 00:00:00 -0700

Embeds 2nd generation Visual Enhancement Engine (VEE), MDDI Type 2 client with PHY, and CellularRAM framebuffer Proven System Blocks (PSBs) with patented programmable fabric

Targets Multimedia and Smartphone handsets, Pocketable & Mobile Computing Devices (PCDs & MCDs), Mobile Internet Devices (MIDs), and Netbook segments with displays ranging from Wide QVGA to Wide SVGA resolution

In response to growing demand for its Visual Enhancement Engine (VEE) technology, QuickLogic Corporation (NASDAQ: QUIK) has announced the development of new solution platforms tailored for Qualcomm’s latest Mobile Station Modem (MSM) MSM7xxx-series and MSM8xxx-series mobile processors, including the recently announced Snapdragon family. The new ArcticLink® II VX4 family members incorporate the VESA compliant mobile data display interface (MDDI) used by Qualcomm MSMs with the 2nd generation VEE proven system block and embedded CellularRAM framebuffer PSBs.

Exane BNP Paribas, an Equity Brokerage and Research Services company, predicts that in 2011, Qualcomm will ship over 100 million mobile processors in 3G Wideband Code Division Multiple Access (WCDMA) handsets, representing 29% market share of the entire WCDMA processor market. This WCDMA market consists of two macro application segments: the smaller form factor multimedia phone, Smartphone and PCD segments, and the mid-size form factor MCD, MID, and Netbook segments. QuickLogic’s new VEE-enabled solution platforms are purposefully architected to address the technical requirements of these unique macro application segments.

Tailored for the multimedia phone, Smartphone, MCD, PCD, MID, and Netbook segments the ArcticLink II VX4 family of platforms incorporates the following key features:

Hardwired version of VEE 2.0 PSB

MDDI Type 2 client with PHY PSB, backwards compatible with MDDI Type 1

Embedded CellularRAM framebuffer PSB, supporting up to Wide SVGA (1024x600) resolution at 24-bit color depth

Low-power programmable fabric for implementing customer-specific features and use cases such as controlling sensors, haptic devices, touchscreen and LCD backlight control keyboard control, touchpad or mouse control, as well as enabling dual display functionality

“Development of the ArcticLink II VX4 solution platforms is yet another example of our commitment to delivering flexible solutions that address the rapidly evolving, but not clearly defined, requirements of portable and handheld consumer products,” said Brian Faith, QuickLogic’s vice president of worldwide marketing. “Since our launch of the 1st generation VEE PSB in early 2008, we’ve worked closely with OEMs and ODMs worldwide and found tremendous interest in tailoring our VEE technology to Qualcomm MSM-based mobile product architectures. Seeing is believing.”

VEE Improves User Experience QuickLogic’s VEE PSB is based on the proven iridix® core licensed from Apical Limited. VEE improves the user’s visual experience by adaptively processing each video frame on a pixel-by-pixel basis. VEE also adapts to the effects of ambient lighting on display viewability, giving developers a superior solution to simply boosting display backlight intensity levels for daylight viewing. The result is a dramatic savings in power, with a corresponding battery life extension.

Coupled with the VEE PSB, the embedded CellularRAM framebuffer increases handset battery life and reduces system Bill-of-Materials (BOM) costs. First, by enabling the mobile processor to transmit display information into the framebuffer quickly, and then go to sleep while the display controller embedded in the QuickLogic solution platform autonomously refreshes the display. Second, the embedded CellularRAM framebuffer enables OEMs and ODMs to use lower cost RGB displays without framebuffers, therefore lowering the system BOM cost.

“We are excited that QuickLogic is adapting the 2nd generation VEE technology to platforms that are fully purposed for Qualcomm’s mobile processors,” said Dr. Michael Tusch, CEO of Apical, Ltd. “VEE is an ideal solution for optimizing the consumer’s viewing experience and battery life in the next generation of Internet-enabled mobile devices, under all ambient light conditions.”

Availability

The ArcticLink II VX family of solution platforms will begin sampling to early adopters in August 2009, with general samples in September 2009, and are scheduled for production availability in December 2009. QuickLogic expects to be delivering Customer Specific Standard Products (CSSPs) based on the platforms to lead OEM and ODMs in the same timeframe.

QuickLogic Chooses Memory from Micron Technology to Enhance Next-Generation Mobile Devices

Mon, 30 Mar 2009 00:00:00 -0700

New ArcticLink II VX Solution Platform Family Targets Multimedia and Smartphone handsets, Pocketable & Mobile Computing Devices (PCDs & MCDs), Mobile Internet Devices (MIDs), and Netbook segments

Augments QuickLogic 2nd generation Visual Enhancement Engine (VEE) Proven System Block (PSB) with Micron CellularRAM® framebuffer to enhance display viewability while lowering system power

Demonstrating its continued commitment to providing innovative solutions to the mobile device market, QuickLogic Corporation (NASDAQ: QUIK) today announced that it has chosen Micron Technology, Inc., for its CellularRAM mobile memory technology. QuickLogic has chosen Micron’s CellularRAM technology to serve as the framebuffer in its latest ArcticLink II VX4 solution platforms. By using the CellularRAM framebuffer, the ArcticLink II VX family enables designers to use lower cost displays without integrated framebuffers. The QuickLogic solution refreshes the display directly, allowing the mobile processor to be turned off, resulting in increased battery life.

CellularRAM memory devices are a hybrid of the SRAM and DRAM features, combining low power consumption with high-speed read and write functions. QuickLogic chose Micron’s CellularRAM technology, developed specifically for handset and mobile devices, because of its power efficiency as well as its scalability in terms of cost and density. “We were able to use the appropriate memory density for the application and use case requirements of the fast-growing handheld and mobile device market,” said Brian Faith, QuickLogic’s vice president of worldwide marketing.

For Micron, working with QuickLogic reinforces the company’s commitment to memory innovation for the mobile market. "We are excited to be working with QuickLogic to support their innovative application with our CellularRAM technology," said Eric Spanneut, director of mobile memory marketing for Micron. "This new use case creates significant opportunities for Micron in a high-growth segment of the mobile device market."

VX4 Family

QuickLogic developed the VX4 solution platforms in response to growing demand for its Visual Enhancement Engine (VEE) technology among users of Qualcomm’s latest Mobile Station Modem™ (MSM™) MSM7xxx-series and MSM8xxx-series mobile processors, including the recently announced Snapdragon family. The VX family embeds the 2nd generation VEE PSB, a VESA-compatible MDDI PSB and programmable fabric. Micron’s CellularRAM serves as a 24-bit color depth framebuffer ranging from Wide QVGA (400x240) to Wide SVGA (1024x600) resolution.

The VEE PSB improves the user’s viewing experience while extending system battery life by allowing reduction in the energy use of a mobile device’s biggest consumer, the backlight. In addition to the high-performance features of Micron’s CellularRAM, the inherent low-power of the technology further reduces system power. According to Faith, “By moving the framebuffer from either the processor or display to the ArcticLink II VX solution platform, we can conserve processor power consumption when the display is showing static information such as graphical user interfaces, while avoiding costly framebuffer memory in the displays themselves.”

Availability

The ArcticLink II VX4 solution platforms will begin sampling to early adopters in August 2009, with general samples in September 2009, and are scheduled for production availability in December 2009. QuickLogic expects to be delivering Customer Specific Standard Products (CSSPs) based on the platforms to lead OEMs and ODMs in the same timeframe.

QuickLogic Expands Performance and Functionality in 2nd Generation Visual Enhancement Engine (VEE)

Wed, 25 Mar 2009 00:00:00 -0700

Supports display resolutions up to Wide XGA (1366x768) format for Mobile Computing Device (MCD) and Netbook applications

Built-in sharpening and color space conversion for enhanced visual experience and simplified system integration

Demonstrating its continued commitment to the mobile market, QuickLogic Corporation (NASDAQ: QUIK) today announced the 2nd generation of its popular VEE Proven System Block (PSB), providing a greatly improved consumer viewing experience even while extending the battery life of mobile devices. Improvements include performance enhancements that increase the supported display resolutions of the first generation of the VEE PSB from Wide SVGA (1024x600) to Wide XGA (1366x768).

QuickLogic’s VEE PSB is based on the proven iridix® core licensed from Apical Limited. VEE improves the user’s visual experience by adaptively processing each video frame on a pixel-by-pixel basis. VEE also adapts to the effects of ambient lighting on display viewability, giving developers a superior solution to simply boosting display backlight intensity levels for daylight viewing. The result is a dramatic savings in power, with a corresponding battery life extension.

“Displays are no longer just viewed temporarily for navigation and dialing,” said Brian Faith, QuickLogic’s vice president of worldwide marketing. “Consumers use their handheld devices continuously for web browsing, video, photo sharing and mobile television. The image enhancement and power savings that VEE enables, particularly with larger, higher resolution displays being used in MCDs and Netbooks, are critical to realizing the promise of a truly mobile Internet experience.”

The 2nd generation VEE PSB (v2.0) will support display resolutions up to wide XGA (1366x768) as well as several additional features that ease design of next-generation display subsystems, including built-in color space conversion, dithering, gamma correction, and sharpening. At the same time, VEE v2.0 achieves a lower power benchmark than v1.0 in terms of microWatts/MHz.

Availability

The 2nd generation VEE PSB will be available as a hard logic implementation in future ArcticLink® II VX solution platforms scheduled for availability in August of 2009.

QuickLogic to Introduce New CSSP Solutions at Globalpress Electronics Summit

Tue, 24 Mar 2009 00:00:00 -0700

Represents a major step forward in supporting the next generation of Internet-enabled mobile devices

QuickLogic® Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, will present at the Globalpress Electronics Summit 2009 in San Francisco, CA. Mr. E. Thomas Hart, QuickLogic’s chairman and CEO, will announce new members of the company’s Customer Specific Standard Products (CSSP) solution platform family and new Proven System Blocks (PSBs), and their impact on the next generation of Internet-enabled mobile devices. These include smaller form factor multimedia phones, Smartphones, and Pocketable Computing Devices; as well as mid-size form factor Mobile Computing Devices, Mobile Internet Devices and Netbooks – two mobile product categories expected to enjoy high growth even during the current economic slowdown.

Location: The Hotel Kabuki, 1625 Post Street, San Francisco, CA 94115

Time: Monday, March 30, at 9:45 a.m., Pacific Time

QuickLogic’s SPIDA System Block Speeds Mobile Device Sideloading

Tue, 10 Feb 2009 00:00:00 -0800

Boosts performance via smart data transfers even while extending battery life

Sideloading architecture significantly reduces CPU loading

Proven System Block “tailored” to match specific system interfaces and timing

Underscoring its commitment to the mobile device market, QuickLogic® Corporation (NASDAQ: QUIK) has developed a new family of Proven System Blocks (PSBs) that speed data transfer operations such as media sideloading in mobile devices. The Smart Programmable Integrated Data Aggregator (SPIDA) PSB creates an optimized, dedicated link between high-speed peripheral I/O, such as USB 2.0 High Speed, and storage interfaces to transfer data between them without requiring significant Application Processor (AP) loading. By not requiring the AP to directly handle the data movement, the SPIDA provides a substantial increase in sideload speeds – defined as the download of media from a PC’s or Notebook’s USB port to the internal memory of handheld devices - and similar mass data storage transfers. Increased sideload speeds mean lower energy per byte transferred, which directly yields longer battery life before recharging.

According to iSuppli, a market intelligence company, over 1 Billion handsets will ship in 2010 with an integrated USB interface. With the predicted high attach rate for embedded USB and the ever-increasing amounts of flash storage in handsets, the stage is set for sideloading to become the de facto method for consumers to move multimedia content to their handset.

“Increasing data transfer speeds and the control and management of multiple data pipes coming into today’s mobile devices are increasing demands on system performance,” said Andy Green, QuickLogic’s Director of Platforms Strategies. “Data transfer solutions that require constant Application Processor supervision cannot simultaneously meet consumer expectations for rapid downloads and minimize power demands. The smart data transfers, enabled through QuickLogic’s SPIDA PSB, can.”

Flexibility is Key

The ability to move data with minimal to no AP loading helps system architects maximize system performance while minimizing power demands. For example, a sideloading transfer once initiated can proceed on its own, leaving the AP free to engage in other tasks, or even go to sleep to save power. QuickLogic’s SPIDA is unlike generic sideloading schemes, because it is highly configurable to match specific interface and timing requirements of the specific AP. This allows tuning of design performance to eliminate wait states and other performance-eroding workarounds for interface mismatches.

SPIDA is the first-generation PSB in a planned family of smart data transfer blocks with everincreasing capability. As with other PSBs, SPIDA is a fully designed and field-proven system block that can be implemented in the programmable fabric of QuickLogic’s Customer Specific Standard Product (CSSP) solution platforms. These platforms not only give OEMs and ODMs the ability to have customized solutions created for them that solve mobile device design challenges, they also support rapid adjustment of designs to meet changing market and consumer demands – all at standard product pricing and availability.

Availability

The SPIDA PSB is available immediately for use with QuickLogic’s ArcticLink, ArcticLink II VX, PolarPro and PolarPro II CSSPs.

QuickLogic’s Innovative Technology for Mobile Products Shown at Mobile World Congress in Barcelona

Mon, 09 Feb 2009 00:00:00 -0800

QuickLogic Corporation (NASDAQ: QUIK), the premier supplier of ultra-low power customizable solutions for mobile applications, is demonstrating a host of next-generation consumer electronics (CE) devices based on QuickLogic’s Customer Specific Standard Products (CSSP) during the Mobile World Congress event in Barcelona, February 16-19, 2009. The showcase will feature both OEM/ODM end products and CSSP technology demonstrations, and highlight the company’s proprietary Visual Enhancement Engine (VEE) and Smart Peripheral Integrated Data Aggregator (SPIDA) technology. VEE brings TV-quality visual experience to mobile devices while significantly reducing display system power consumption. The showcase theme: “Seeing is Believing.”

Mobile World Congress Featured Demos – Hall 7, Stand 7E88

A visit to the QuickLogic stand will reveal the tangible results of mobile market leaders designing with the latest QuickLogic CSSP solutions. The innovative products that OEMs and ODMs have delivered to the market include Smartphones, Mobile Internet Devices (MIDs), Personal Digital Assistants (PDAs), and many more. All have a QuickLogic CSSP inside and will be available for visitors to see for themselves the benefits of the CSSP design approach in solving performance and battery life challenges with interface, storage, and display technologies in mobile products. Visitors will also be able to personally experience the dramatically enhanced image quality achieved using QuickLogic’s revolutionary VEE technology.

Visitors will find QuickLogic’s showcase in Hall Number 7, stand 7E88. To register for a specific time to visit, and receive personal attention, please call +1-408-990-4000, and ask to schedule an appointment.

Andy Pease Promoted to President of QuickLogic Corporation

Mon, 09 Feb 2009 00:00:00 -0800

As part of our ongoing talent management and succession planning processes, the QuickLogic Board of Directors is pleased to announce the promotion of Andy Pease to the position of President of QuickLogic Corporation, effective March 30, 2009.

Pease joined QuickLogic in November 2006 in the position of Vice President of Worldwide Sales. While in this position he has successfully demonstrated executive leadership in the development and execution of QuickLogic’s Customer Specific Standard Products (CSSP) strategy. His accomplishments include a far reaching restructuring of the worldwide sales force, implementation and deployment of robust automated CRM tools and processes, and increased engagements and visibility with significant Tier 1 and Tier 2 customers in the hand-held mobile device market.

As President, Pease will continue to report to Tom Hart, Chairman and Chief Executive Officer. Pease will be responsible for the day-to-day operation of the business, with Sales, Marketing, Operations and Engineering functions reporting directly to him. Finance, Human Resources/Organizational Development and Systems Architecture functions will also continue reporting directly to Hart, as the CEO.

In making the change, Tom Hart said, “I am very pleased to have Andy take on the responsibilities of being our president. In hiring Andy Pease two years ago, we not only selected a highly talented sales leader, capable of taking our sales activities to a new level in direct support of our transition to a CSSP company, but also purposefully recruited a leader for the future. Andy’s laser focus, attention to detail, process discipline, energy and inspiration has been of significant benefit to our WW Sales teams, and has earned him the respect of peers, customers and partners alike. These talents and leadership capabilities will now be used more broadly within the Company, to drive greater results and growth.

Pease earned a master’s degree in Computer Science from the Naval Postgraduate School in Monterey and a Bachelor’s degree in Operational Analysis from the U.S. Naval Academy.

QuickLogic Announces Fourth Quarter and Fiscal 2008 Results — Fourth Quarter New Product Revenue Up

Tue, 03 Feb 2009 00:00:00 -0800

Note to Editors: Download Financial Tables

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced the financial results for its fourth quarter and fiscal year ended December 28, 2008.

Total revenue for the fourth quarter of 2008 was $5.9 million, down 5 percent from the third quarter of 2008 and down 45 percent from the fourth quarter of 2007. The sequential decline in revenue was primarily due to anticipated declines in our legacy product revenue. New products – ArcticLink®, PolarPro® II, PolarPro , Eclipse™ II and QuickPCI® II – grew to contribute 26 percent of revenue in the fourth quarter of 2008 compared to 23 percent in the third quarter of 2008 and was 33 percent of revenue in the fourth quarter of 2007.

Under generally accepted accounting principles (GAAP), the net loss for the fourth quarter of 2008 was $2.6 million, or $0.09 per share, compared with a net loss of $615,000, or $0.02 per share, in the third quarter of 2008 and a net loss of $1.7 million, or $0.06 per share, in the fourth quarter of 2007. Non-GAAP net loss for the fourth quarter of 2008 was $1.2 million, or $0.04 per share, compared with a non-GAAP net loss of $196,000, or $0.01 per share, in the third quarter of 2008 and a non-GAAP net loss of $1.1 million, or $0.04 per share, in the fourth quarter of 2007.

Revenue for 2008 was $31.9 million, compared with revenue of $34.4 million in 2007. Under GAAP, the net loss for 2008 was $9.4 million, or $0.32 per share, compared with a net loss of $11.1 million, or $0.38 per share, in 2007. Non-GAAP net loss for 2008 improved to $3.0 million, or $0.10 per share, compared with a non-GAAP net loss of $9.3 million, or $0.32 per share, in 2007.

“New product revenue in our fiscal year 2008 was $8.1 million, a $1.8 million increase over new product revenue in fiscal year 2007. The sale of Customer Specific Standard Products, or CSSPs, into the portable navigation device market was the primary driver of the increase in new product sales,” said E. Thomas Hart, chairman, president and CEO. “Our low power CSSPs allow mobile device manufacturers to bring their new products to market more quickly and cost effectively with lower risk. The CSSP message – ‘Your idea, our platform, customized for you’ – resonates well in our target markets, as we continue to engage with more top tier mobile device manufacturers.”

Conference Call

QuickLogic will hold a conference call at 2:30 p.m. Pacific Time today, February 3, 2009, to discuss the fourth quarter and fiscal year financial results. The conference call is being webcast and can be accessed via QuickLogic’s website at www.quicklogic.com/investors. To participate, please call (877) 591-4958 by 2:20 p.m. Pacific Time. A recording of the call will be available starting one hour after completion of the call. To access the recording, please call (719) 457-0820 and reference the pass code: 7884431. The call recording will be archived until February 6, 2008 and the webcast will be available for 12 months.

Non-GAAP Financial Measures

QuickLogic Announces Q4 and FY2008 Earnings Conference Call

Tue, 20 Jan 2009 00:00:00 -0800

QuickLogic Corporation (NASDAQ:QUIK), the lowest power programmable solutions leader, has scheduled a conference call to discuss the company's earnings results for its fourth quarter and fiscal year 2008 on Tuesday, February 3, 2009, at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time.

QuickLogic Corporation will issue a news release announcing the Company's fourth quarter and fiscal year 2008 earnings results at approximately 1:00 p.m. Pacific Time / 4:00 p.m. Eastern Time on February 3, 2009. The conference call can be accessed via QuickLogic's website at www.quicklogic.com, or join the live conference by dialing 877-591-4958 by 2:20 p.m. Pacific Time on February 3, 2009. A recording of the call will be available starting one hour after the completion of the call. To access the recording, please call 719-457-0820 and reference the passcode 7884431. The call recording will be archived until February 6th and the webcast will be available for 12 months.

QuickLogic to Present at the 11th Annual Needham Growth Stock Conference in New York

Tue, 23 Dec 2008 00:00:00 -0800

QuickLogic® Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, will present at the eleventh annual Needham & Company Growth Stock Conference in New York. Mr. E. Thomas Hart, QuickLogic's chairman, president and CEO, will provide an overview of the company's Customer Specific Standard Product (CSSP) strategy, and its impact on the mobile electronics market, including Smartphones, Mobile Internet Devices, Mobile Computing Devices, Pocket Computing Devices, 3G Datacards, Portable Media Players, Portable Navigation Devices, and other prosumer products. Mr. Hart will be joined by Mr. Ralph Marimon, QuickLogic's Vice President of Finance and CFO.

Location: The New York Palace Hotel, 455 Madison Avenue, New York, NY 10022

Time: Tuesday, January 6 at 3:30 p.m., Eastern Time

http://www.wsw.com/webcast/needham27/quik/ (This presentation will be archived for 90 days.)

QuickLogic Showcases Innovative Portable CE Products at Consumer Electronics Show in Las Vegas

Thu, 18 Dec 2008 00:00:00 -0800

QuickLogic Corporation (NASDAQ: QUIK), the premier supplier of ultra-low power configurable platforms for the mobile consumer market, is demonstrating a host of next-generation consumer electronics (CE) devices based on QuickLogic's Customer Specific Standard Products (CSSP) during the CES show in Las Vegas, Jan 8-11, 2009. The showcase will feature both OEM/ODM end products and CSSP technology demonstrations and highlight the company's proprietary Visual Enhancement Engine (VEE) technology. VEE brings TV-quality visual experience to mobile devices while significantly reducing display system power consumption. The showcase theme: "Seeing is Believing."

CES Featured Demos

A visit to the QuickLogic hospitality suite will reveal the tangible results of designing with the latest QuickLogic CSSP solutions. The innovative products that OEMs and ODMs such as Garmin, HP, and Sophia Systems have delivered to the market include Multimedia Phones, Portable Media Players (PMPs) and Navigation Devices (PNDs), Personal Digital Assistants (PDAs), and Pocket PCs. All have a QuickLogic CSSP inside and will be available for visitors to see for themselves the benefits of the CSSP design approach in solving interface, storage, and display design challenges such as boot from managed NAND and market-specific customization. Visitors will also be able to personally experience the enhanced image quality achieved using QuickLogic's revolutionary VEE technology.

Visitors will find QuickLogic's showcase at the Las Vegas Convention Center, Suite 35357MP. To register for a specific time to visit the private suite and receive personal attention, please call +1-408-990-4000, and ask to schedule an appointment.

QuickLogic Delivers its Visual Enhancement Engine (VEE) with a Qualcomm EBI2 Display Interface

Tue, 02 Dec 2008 00:00:00 -0800

VEE technology improves a user's LCD viewing experience even while reducing backlight power by up to 85%

Integrated EBI2 interface simplifies use of Qualcomm chipsets and smart displays

In response to growing demand for its Visual Enhancement Engine (VEE™) technology among users of Qualcomm chipsets, QuickLogic® Corporation (NASDAQ: QUIK) has developed a proven system block (PSB) for VEE that connects directly to the EBI2. This newly-available PSB simplifies the use of VEE technology with a Qualcomm chipset and a Smart LCD to enhance image viewability and significantly reduce system power. The solution has been developed in collaboration with several handset OEMs and is available today using QuickLogic's Customer Specific Standard Product (CSSP) platforms.

Qualcomm provides handset OEMs and ODMs with solutions for the CDMA, WCDMA (UMTS), and HSPA markets. According to market researcher iSuppli, demand for these handsets will exceed 550 million units in 2009 and nearly 650 million units in 2010. The VEE technology improves the multimedia user experience in these handsets by adaptively enhancing image content for optimum display on a mobile LCD, even while dramatically increasing battery life. The core of the VEE technology is based on the proven iridix® core licensed from Apical Limited, which is substantiated by nearly a decade of scientific research.

Unlike typical global enhancement algorithms such as gamma correction, VEE is context sensitive and adapts on a pixel-by-pixel basis. The technology also adapts to the effects of ambient lighting on display viewability, giving developers an alternative to simply boosting backlight intensity levels for bright, daylight viewing - a common use case in the handset industry. The result is a savings in power with a corresponding extension of battery life.

The EBI2 PSB extracts image data from bus transactions intended for a Smart Display, interprets and enhances the image content, then passes the enhanced data on to the display device as EBI2 bus transactions. The entire operation is transparent to the system, allowing the VEE-enabled CSSP to simply drop into the system design between the Qualcomm chipset and display.

The EBI2 PSB was developed based on strong market demand for VEE-enabled CSSPs to connect directly to Qualcomm's smart display interface. "This new PSB demonstrates the versatility of the programmable fabric in our CSSP platforms," said QuickLogic's Vice President, Worldwide Marketing, Brian Faith. "We were able to quickly respond to customer demand by creating a tailored CSSP, the first of its kind for the Qualcomm platform."

Availability

VEE-enabled CSSPs targeting use in Qualcomm-based designs are available immediately.

QuickLogic Announces Third Quarter Fiscal 2008 Results — Operational Realignment Improves Financial Results

Thu, 23 Oct 2008 00:00:00 -0700

Note to Editors: Download Financial Tables

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced the financial results for its fiscal third quarter ended September 28, 2008.

Total revenue for the third quarter of 2008 of $6.2 million was at the high end of the Company’s revenue guidance, while being down 29 percent from the second quarter of 2008 and down 31 percent from the third quarter of 2007. The sequential decline in revenue was primarily due to anticipated declines in end-of-life product revenue. New product revenue also decreased in the third quarter, as anticipated, due to the product line of a large consumer OEM nearing the end of its expected product life. The year-on-year decrease in revenue was primarily due to a decline in end-of-life product revenue.

Under generally accepted accounting principles (GAAP), the net loss for the third quarter of 2008 improved to $615,000, or $0.02 per share, compared with a net loss of $4.7 million, or $0.16 per share, in the second quarter of 2008 and a net loss of $1.5 million, or $0.05 per share, in the third quarter of 2007. Gross margin increased to 55.4% for the third quarter of 2008 compared with 36.8% for the second quarter of 2008 and 52.2% for the third quarter of 2007.

On a non-GAAP basis, the net loss for the third quarter of 2008 improved to $196,000, or $0.01 per share, compared with a net loss of $929,000, or $0.03 per share, in the second quarter of 2008 and a net loss of $1.0 million, or $0.04 per share, in the third quarter of 2007. Gross margin, on a non-GAAP basis, increased to 56.7% for the third quarter of 2008 compared with 55.7% for the second quarter of 2008 and 53.0% for the third quarter of 2007.

“Our third quarter results demonstrated the benefits of our recently completed operational realignment,” said E. Thomas Hart, chairman, president and CEO. “We had a 36% reduction in our non-GAAP operating expenses compared with the second quarter and our ending cash was essentially unchanged from the prior quarter. We are encouraged by the continued growth of customer design activity for our CSSP solutions and that the operational realignment gives us the agility to drive future revenue growth.”

Conference Call

QuickLogic will hold a conference call at 2:30 p.m. Pacific Time today, October 23, 2008, to discuss the third quarter financial results. The conference call is being webcast and can be accessed via QuickLogic’s website at www.quicklogic.com. To participate, please call (877) 397-0297 by 2:20 p.m. Pacific Time. A recording of the call will be available starting one hour after completion of the call. To access the recording, please call (719) 457-0820 or (888) 203-1112 and reference the pass code: 4545787. The call recording will be archived until October 30, 2008 and the webcast will be available for 12 months.

Non-GAAP Financial Measures

QuickLogic reports financial information in accordance with GAAP, but believes that non-GAAP financial measures are helpful in evaluating its operating results and comparing its performance to comparable companies. Accordingly, the Company excludes charges related to stock-based compensation, restructuring, long-lived asset impairment, the write-down of the Company’s investment in Tower Semiconductor Ltd. and the effect of the write-off of equipment in calculating non-GAAP (i) income (loss) from operations, (ii) net income (loss), (iii) net income (loss) per share, and (iv) gross margin percentage. For a full reconciliation of these GAAP measures to non-GAAP measures, please refer to the schedule on pages 5 and 6 of this press release. The Company provides this non-GAAP information to enable investors to evaluate its operating results in a manner similar to how the Company analyzes its operating results and to provide consistency and comparability with similar companies in the Company’s industry.
Management uses the non-GAAP measures, which exclude gains, losses and other charges that are considered by management to be outside of the Company’s core operating results, internally to evaluate its operating performance against results in prior periods and its operating plans and forecasts. In addition, the non-GAAP measures are used to plan for the Company’s future periods, and serve as a basis for the allocation of Company resources, management of operations and the measurement of profit-dependent cash and equity compensation paid to employees and executive officers.

Investors should note, however, that the non-GAAP financial measures used by QuickLogic may not be the same non-GAAP financial measures, and may not be calculated in the same manner, as that of other companies. QuickLogic does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures alone or as a substitute for financial information prepared in accordance with GAAP. A reconciliation of GAAP financial measures to non-GAAP financial measures is included on pages 5 and 6 of this press release. Investors are encouraged to review the related GAAP financial measures and the reconciliation of non-GAAP financial measures with their most directly comparable GAAP financial measures.

QuickLogic to Present at AeA Classic Financial Conference November 4-5 in San Diego

Wed, 22 Oct 2008 00:00:00 -0700

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, will present at the AeA Classic Financial Conference in San Diego, California on November 4th and 5th. Mr. E. Thomas Hart, QuickLogic's chairman, president and CEO, will provide an overview of the company's Customer Specific Standard Product (CSSP) strategy, and its impact on the mobile electronics market, including Smartphones, Portable Media Players, Portable Navigation Devices, Broadband Datacards, Personal Digital Assistants, Pocket PCs, and other prosumer products. Mr. Hart will be joined by Mr. Ralph Marimon, QuickLogic's new Vice President of Finance and incoming Chief Financial Officer.

Date/Time: Tuesday, November 4 from 2:00 p.m. to 5:45 p.m. Pacific time, and Wednesday, November 5 from 8:00 a.m. to 12:45 p.m. Pacific time. (There will be a total of nine 45 minute presentations.)

Location: Manchester Grand Hyatt - San Diego, California

Webcast: A live Webcast of QuickLogic's presentation may be accessed at the Company's corporate Web site (Investor Relations Link), at http://www.quicklogic.com at 2:00 p.m. PST on November 4th, 2008. Access to the replay will be available one hour after the webcast and continuing for approximately 90 days.

QuickLogic Taps Ralph S. Marimon as Vice President, Finance and Chief Financial Officer

Tue, 14 Oct 2008 00:00:00 -0700

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced that Ralph S. Marimon has joined the company as Vice President, Finance. Mr. Marimon will be named Chief Financial Officer of the company on November 10, 2008, after a short transition period. With an impressive financial and operations background spanning more than 20 years in Silicon Valley, Mr. Marimon will be responsible for providing executive leadership for the company's finance and accounting activities.

Mr. Marimon comes to QuickLogic from Anchor Bay Technologies, Inc., a VC-funded fabless semiconductor company that designs and produces advanced video processing chips and systems. As Vice President, Finance & CFO, he was responsible for all financial, accounting, IT, facilities and human resources activities, and was successful in completing a $10,000,000 Series B funding round. Prior to Anchor Bay he was at Tymphany Corporation, a provider of innovative audio transducers, where he was the Vice President of Finance and Administration and Chief Financial Officer. During his tenure, he successfully led the post-acquisition financial and administrative integration of operations acquired by the company in the United States, Denmark, and China. Prior to that, as Vice President and CFO of Scientific Technologies, Inc., he developed and managed the Sarbanes-Oxley Act compliance program. In addition, he held the position of Vice President and CFO at Com21 Corporation, where he led the financial due diligence and integration for two acquisitions. Prior to Com21, he was at KLA-Tencor Corporation for 11 years in a variety of senior executive financial management positions. Mr. Marimon began his career with National Semiconductor Corporation. He holds a Master of Management degree in Finance and Accounting from Northwestern University and a Bachelor of Arts in Economics from the University of California, Los Angeles.

In announcing Mr. Marimon's appointment, Tom Hart, Chairman, President and CEO, commented "We are delighted to welcome Ralph to the QuickLogic Executive Leadership Team. His demonstrated strength and experience in providing financial leadership and strategic direction across the semiconductor and hi-tech sectors, coupled with his ability to build strong, efficient finance teams is a key to enable us to continue the successful, pioneering implementation of our innovative Customer Specific Standard Product (CSSP) strategy."

QuickLogic Announces Second Quarter Fiscal 2008 Results — CSSP Customer Design Activity Gains Momentum

Wed, 23 Jul 2008 00:00:00 -0700

Strong Response to VEE™ Technology Launch in Asia Pacific

Note to Editors: Download Financial Tables

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced the financial results for its fiscal second quarter ended June 29, 2008.

Total revenue for the second quarter of 2008 was $8.7 million, down 21 percent from the first quarter of 2008 and up four percent from the second quarter of 2007. The sequential decline in revenue was primarily due to lower end-of-life product revenue. The year-on-year increase in revenue was primarily due to a $2.0 million increase in new product revenue partially offset by a decline in end-of-life product revenue.

Under generally accepted accounting principles (GAAP), the net loss for the second quarter of 2008 was $4.7 million, or $0.16 per share. The second quarter net loss includes previously announced long-lived asset impairment charges of $2.0 million associated with reduced new product revenue visibility and lower utilization of licensed EDA software, restructuring costs of $452,000 associated with our operational realignment and $417,000 for the write-down of our equity investment in Tower Semiconductor Ltd. Collectively these charges totaled $2.9 million, or $0.10 per share, and lowered our gross margin by 17.7 percent of revenue. Our second quarter net loss of $4.7 million compares with a net loss of $1.4 million, or $0.05 per share, in the first quarter of 2008 and a net loss of $2.1 million, or $0.07 per share, in the second quarter of 2007.

On a non-GAAP basis, the net loss for the second quarter of 2008 was $929,000, or $0.03 per share, compared with a net loss of $712,000, or $0.02 per share, in the first quarter of 2008 and a net loss of $1.7 million, or $0.06 per share, in the second quarter of 2007. Gross margin, on a non-GAAP basis, was 55.7% for the second quarter of 2008 compared with 52.9% for the first quarter of 2008 and 53.3% for the second quarter of 2007.

“Our results were in line with or better than our guidance for the second quarter, and new product revenue was toward the high end of guidance for the quarter,” said E. Thomas Hart, chairman, president and CEO. “We are encouraged by the continued growth of customer design activity for our CSSP solutions and the response in Asia Pacific to our Visual Enhancement Engine (VEE) technology launch. During the second quarter we realigned our Company based on expected declines in end-of-life product revenue and limited visibility of new product revenue. This alignment significantly lowers our break-even revenue level while providing us with the capability to use discretionary spending to respond to specific customer opportunities.”

Conference Call

QuickLogic will hold a conference call at 2:30 p.m. Pacific Time today, July 23, 2008, to discuss the second quarter financial results. The conference call is being webcast and can be accessed via QuickLogic’s website at www.quicklogic.com. To participate, please call (877) 675-4757 by 2:20 p.m. Pacific Time. A recording of the call will be available starting one hour after completion of the call. To access the recording, please call (719) 457-0820 and reference the pass code: 7654670. The call recording will be archived until July 30, 2008 and the webcast will be available for 12 months.

Non-GAAP Financial Measures

Investors should note, however, that the non-GAAP financial measures used by QuickLogic may not be the same non-GAAP financial measures, and may not be calculated in the same manner, as that of other companies. QuickLogic does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures alone or as a substitute for financial information prepared in accordance with GAAP. A reconciliation of GAAP financial measures to non-GAAP financial measures is included on pages 5 and 6 of this press release. Investors are encouraged to review the related GAAP financial measures and the reconciliation of non-GAAP financial measures with their most directly comparable GAAP financial measures.

QuickLogic Announces Q2 Earnings Conference Call

Mon, 14 Jul 2008 00:00:00 -0700

QuickLogic Corporation (NASDAQ:QUIK), the lowest power programmable solutions leader, has scheduled a conference call to discuss the company's earnings results for its second quarter on Wednesday, July 23, 2008, at 2:30 p.m. Pacific Daylight Time / 5:30 p.m. Eastern Daylight Time.

QuickLogic Corporation will issue a news release announcing the Company's second quarter 2008 earnings results at approximately 1:00 p.m. Pacific Daylight Time / 4:00 p.m. Eastern Daylight Time on July 23, 2008. The conference call can be accessed via QuickLogic's website at www.quicklogic.com, or join the live conference by dialing (877) 675-4757 by 2:20 p.m. Pacific Time on July 23, 2008. A recording of the call will be available starting one hour after the completion of the call. To access the recording, please call (719) 457-0820 and reference the passcode 7654670. The call recording will be archived until Wednesday, July 30th, 2008 and the webcast will be available for 12 months.

QuickLogic’s CSSP Platform Provides Flexible Upgrade Path for Smartphones

Mon, 07 Jul 2008 00:00:00 -0700

Underscoring its commitment to the mobile electronics market, QuickLogic® Corporation (NASDAQ: QUIK), today announced the availability of a versatile upgrade path for smartphone developers. The company's recent addition of high-speed UARTs to the library of functions for QuickLogic's low-power, configurable Customer Specific Standard Product (CSSP) logic platforms for consumer electronics, offers a power-efficient single-chip solution to expand the interfacing capability of a mobile application processor to support high-data rate Bluetooth, as well as the integration of further high-desirability peripherals such as GPS.

Smartphone firmware can be very sophisticated, and migrating software to new host processors can be costly and time consuming. Unfortunately, the development of some of the underlying mobile application processors has not kept pace with market demand for new features such as VoIP calls and GPS. In particular, some processors have only low-speed UARTs, and just one SD (Secure Digital) host controller for peripheral connection.

Faster UART performance is a common request seen by QuickLogic. The standard UART capability integrated into some recent mobile application processors is a major limiting factor, as they tend to conform to the traditional UART role of low data-rate serial communication for applications such as a PC serial port. This is a particular problem for developers who need to support the latest high-speed EDR (enhanced data rate) mode of Bluetooth - a very important function for phones targeting business and high-end users.

Smartphones are also leading the cellular carriers' drive towards supporting major new capabilities such as GPS positioning, location based services, and Wi-Fi capability for VoIP calls, etc. A high speed UART again provides a suitable mechanism for interfacing to some GPS chipsets, while another SDIO port offers a simple means of connecting to embedded Wi-Fi chipsets.

One of QuickLogic's CSSPs, the PolarPro platform, is providing smart phone developers with a means of expanding the native host controller resources of the phone's mobile application processor. One of the smallest devices in the family, which consumes less than 10 microamps in standby mode and comes in TFBGA packages as compact as 5x5 mm, can easily integrate two high speed UARTs and an additional SDIO port, as well as the processor interface required.

This CSSP approach provides a low power, single-chip solution that contrasts well against alternative implementation strategies. There are commercial devices available for additional SDIO host controllers, or devices offering multiple high-speed UARTs, but using both would eat up valuable real estate on an already densely packed PCB. Migrating to another state-of-the-art processor is always an alternative, but this demands a major investment in software porting effort, as well as time. Conventional logic could also implement the functionality required, but this technology is generally viewed as too power hungry and costly for consumer applications such as this.

"Expanding the functionality of smartphones is typical of the applications that the novel CSSP approach supports," says QuickLogic's senior solutions marketing manager, Howard Li. "Power efficient devices can be populated with a small feature set such as this UART-and-SDIO example, or a wide range of high-level capabilities such as USB OTG, dynamic LCD contrast control, flexible memory interfacing, autonomous data transfer engines that can operate without waking up the host CPU, etc. CSSPs really provide the 'missing link' in today's consumer semiconductor world, offering a mechanism that can expand the capabilities of ASSPs or CPUs both cost effectively and with very low power consumption."

The first platform in QuickLogic's latest PolarPro II family offers a capacity of 27 Customizable Building Blocks (CBBs), a measure of the level of functionality that can be integrated. A high-speed UART from QuickLogic's library requires 5 CBBs, and an SDIO port, 15. Together with the logic required to implement an application processor interface, this device provides a cost effective solution for the smartphone configuration discussed. Other, larger PolarPro platforms are available for OEMs and ODMs that require more functionality, as well as devices that combine hard-wired functions with a programmable fabric.

Tower Semiconductor to Launch Volume Production of QuickLogic’s ArcticLink II VX Solution Platforms for Mobile Display Devices

Mon, 30 Jun 2008 00:00:00 -0700

Visual Enhancement Engine (VEE) enables next generation multimedia in mobile devices

Low power technology leadership enables longer battery life for battery powered, portable market.

QuickLogic® Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, and Tower Semiconductor Ltd. (NASDAQ: TSEM, TASE: TSEM), an independent specialty foundry, announced today that they entered into an agreement to manufacture volume production of QuickLogic's next-generation ArcticLink II VX solution platforms, expected to start during Q3 2008. These products are manufactured at Tower's advanced Fab2.

With low power and high performance, the solution platforms enable fast time-to-market, longer time in market, efficient product development through platform designs, dramatically improved visual experience for mobile internet and streaming video applications, small form factor, energy efficiency and low total cost of ownership.

"We are happy that QuickLogic's lead in low power programmable solutions is to be further strengthened through these new products," said Dr. Itzhak Edrei, senior vice president for worldwide product lines and sales at Tower Semiconductor, Ltd. "QuickLogic's high-quality of products is to be complemented by Tower's excellence in engineering and manufacturing execution, and we expect our volumes to reflect the rapid growth path forecasted for this market segment."

The newest members of the ArcticLink II family of solution platforms feature QuickLogic's proprietary Visual Enhancement Engine (VEE) technology. The proprietary VEE technology provides high quality contrast optimization and more effective management and control of LCD backlight power for a wide range of mobile consumer and prosumer devices. It specifically addresses the mobile industry's need to provide consumers with a TV-quality viewing experience while extending battery life at the same time.

"QuickLogic has a long-standing relationship with Tower Semiconductor," says Terry Barrette, vice president of operations for QuickLogic. "Tower's world-class manufacturing process geometries and low power technology, ensures that QuickLogic will reach optimal pricing targets, resulting in savings that can be passed down to our OEMs and ODMs, as well as longer battery life for their products."

QuickLogic’s ArcticLink Platform Now Available in Wafer-Level Chip Scale Packaging

Wed, 28 May 2008 00:00:00 -0700

Significantly reduces board space requirement for mobile applications

60% reduction in foot print compared to the smallest ArcticLink BGA package

Continuing its commitment to addressing the needs of the mobile device market, QuickLogic® Corporation (NASDAQ: QUIK), has made its ArcticLink^TM Customer Specific Standard Product (CSSP) platform available in a tiny Wafer Level Chip Scale Package (WLCSP). The ArcticLink platform family addresses the connectivity needs of mobile devices by offering, in a single device, an array of configurable interfaces and host controllers, including hi-speed USB OTG with built-in PHY, storage and networking I/Os and controllers such as SDIO, MMC, CE-ATA, mini-PCI, Compact Flash and SPI/UART, etc. The newly-available WLCSP option helps minimize mobile device design size needed to augment processor interfaces and functionality.

"As mobile devices grow in complexity, designers are hard pressed to pack additional functionality and intelligence into smaller footprints," said QuickLogic's senior solutions marketing manager, Howard Li. "By delivering our ArcticLink CSSP platform in WLCSP form, we allow handset OEMs and ODMs to address all their connectivity needs in the smallest possible area."

WLCSP eliminates the area overhead of conventional BGA packaging and it is done with a standard die by fabricating an additional metal redistribution layer to re-route the I/O lines from the perimeter bonding pads to an array. It then "bumps" (adds solder balls to) the array, making it ready for customers to use in conventional surface-mount fabrication processes.

Availability

The WLCSP packaging option is immediately available for QuickLogic's ArcticLink CSSP platform family.

A Visual Enhancement Engine (VEE) Evaluation Module from QuickLogic — An Easy Way to “Seeing is Believing”

Fri, 16 May 2008 00:00:00 -0700

VEE Evaluation Module seamlessly integrates into the display path of handheld and portable electronics without modification to existing architecture

Enables development teams to test-drive VEE in their own form factor with their own displays

Includes sensor and control for automatic adaptation to ambient lighting changes

QuickLogic Corporation (NASDAQ: QUIK), the premier supplier of ultra-low power configurable platforms for the mobile market, has developed an evaluation module for its Visual Enhancement Engine (VEE) technology that allows OEMs and ODMs to see first-hand the benefits the technology can bring to their mobile devices, both in terms of revolutionary image enhancement and battery life savings. The module comes with both pre-configured mobile processor and Liquid Crystal Display (LCD) interfaces that enable easy insertion into an existing handheld device so that developers can evaluate the technology in a real-world setting without making any significant engineering investment.

QuickLogic's VEE technology creates a TV-quality viewing experience of visual media in mobile systems by adaptively enhancing image/video data in real time. Unlike typical global enhancements such as gamma correction and content adaptive backlight control (CABC), VEE's enhancements are context sensitive and adapt pixel by pixel. The technology adapts to changes in ambient light, giving developers an alternative to simply boosting the backlight intensity level for daylight viewing.

"Our VEE technology delivers a significant impact in terms of a superlative viewing experience and battery lifetime extension in mobile systems," said Howard Li, Senior Solution Marketing Manager for QuickLogic. "We developed this evaluation module so our customers could see VEE in action while not spending precious time and R&D dollars to build prototype systems." Delivered as a pre-configured Customer Specific Standard Product (CSSP), the module is designed to fit seamlessly between the LCD and the main PCB. "OEMs and ODMs can then ‘test-drive' the technology in their labs, demonstrate it to carriers and network operators, and even to consumers," said Li.

The VEE Evaluation Module incorporates an on-board ambient light sensor to allow testing of the technology's ambient lighting response and adaptive control of the VEE image processing algorithm. It also includes a Flash ROM to hold the VEE parameters that configure the CSSP for the specific LCD that it is connected to. An on-board switching regulator ensures that the module can run off the mobile device's battery, regardless of operating voltage, enabling the evaluation of VEE's positive impact on battery life.

Availability

The VEE Evaluation Module is immediately available for customers considering adoption of VEE technology in their mobile designs. Furthermore, QuickLogic will configure the VEE Evaluation Module's initial display parameters based on the OEM/ODM LCD display specifications for easy integration.

QuickLogic Enhances SDIO Host Controller Solution to Handle Multiple Cards, Mixed Sizes

Mon, 12 May 2008 00:00:00 -0700

Enables four or more memory cards - each with multi-Gigabyte capacity

Allows users to mix and match card types and capacity as desired

Continuing its commitment to the mobile device market, QuickLogic® Corporation (NASDAQ: QUIK), has enhanced its proven SDIO host controller solution by providing it with the ability to handle multiple, independent memory cards. The enhanced host controller solution is a Proven System Block (PSB) of the company's Customer Specific Standard Product (CSSP) solutions platform library, addressing the needs of handheld system designs. The first delivered implementation handles four independent cards, but the company can configure the PSB for as many card slots as a customer requires.

"Handheld device designers are looking to expand their product's data storage beyond the 8 Gbyte limit of today's memory cards, but don't want to use hard disk drives," said Judd Heape, QuickLogic's senior director of systems engineering. "Our enhanced SDIO host controller solution addresses this requirement by allowing a single controller to handle multiple, high-capacity cards." Target applications include storage for personal navigation devices and portable media players.

The base SDIO controller supports SD, SDHC, and MMC memory cards with 4-bit and 8-bit widths. The enhanced design includes multi-drive control logic and a multiplexer to connect the controller to multiple cards using a single set of I/O lines. Cards can be of any capacity to as large as the 32 Gbytes that the SD 2.0 specification allows. Mr. Heape pointed out that this would permit a four-card implementation to give a portable device up to 128 Gbytes of storage, comparable to mini hard drives but with the reliability and flexibility advantages of removable solid state memory.

Because the controller treats each card slot as an independent solid state drive, users can mix card types and capacities in the slots without restriction. The controller can work with multiple cards as described, or can work with SD-based Managed NAND devices (such as Sandisk’s iNAND) and work with embedded MMC (eMMC) devices such as Samsung’s MoviNAND. It senses the type and capacity of a card (or attached memory device) upon insertion (or power-up) and automatically configures its operation to match. The controller can also be modified so that one card or attached memory device can be designated as the “boot” device in a system. Software driver support for Linux, Windows CE, and Windows Mobile operating systems is available.

Availability

QuickLogic’s enhanced SDIO host controller PSB is available immediately in a 4-slot configuration and can be customized for other configurations as needed. The PSB can be implemented in the programmable fabric in the PolarPro and EclipseII CSSP platforms or can augment the base SDIO controller built into the ArcticLink CSSP family to provide multi-slot operation. Contact QuickLogic for additional information on the multi-slot SDIO controller PSB and the CSSP platform design approach.

QuickLogic Supplying Engineering Samples of PolarPro II CSSP Solution Platform

Mon, 28 Apr 2008 00:00:00 -0700

Small form factor platform housed in a 6mmx6mm BGA package for handheld mobile devices

I/O structure is highly optimized specifically for mobile applications

QuickLogic Corporation (NASDAQ: QUIK), the premier supplier of ultra low power configurable platforms for the mobile consumer market, now offers engineering samples of its next-generation PolarPro® II Customer Specific Standard Product (CSSP) solution platform. This latest addition to the popular PolarPro line is specifically designed to meet the connectivity, intelligence, and system logic requirements of portable and mobile applications.

The PolarPro II solution platform builds on the award-wining PolarPro architecture with increased capacity and flexibility. Based on QuickLogic's patented ViaLink® technology, PolarPro II offers small foot print packages and ultra low power consumption. The Very Low Power (VLP) mode freezes system operation, during which the static current drops to less than 5 microamps. Entry and exit from the VLP mode are as fast as 10 microseconds, allowing systems to conserve energy by shutting down in between bursts of activity.

Availability

QuickLogic now provides CSSPs by implementing Proven System Blocks (PSB) in a base silicon platform, such as PolarPro II or ArcticLink^TM. CSSPs then serve to meet the specific design requirements of each OEM/ODM. The end result is a fully tested, customized device, along with the necessary software drivers for the host operating system. CSSP customers utilizing the PolarPro II solution platform are now able to receive engineering samples of their CSSP designs for evaluation and system prototyping.

QuickLogic Appoints Mike Farese, Mobile Market Veteran, to Board of Directors

Fri, 25 Apr 2008 00:00:00 -0700

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced the appointment of Michael ("Mike") R. Farese, president and CEO of BitWave Semiconductor, Inc., to QuickLogic's board of directors.

Mr. Farese has over 35 years of broad technology company leadership encompassing three chief executive officer positions, and functional leadership in marketing, engineering, sales management and operations. Since September of 2007, Mr. Farese has been the president and CEO of BitWave Semiconductor, a fabless semiconductor company and innovator of software programmable radios designed for the wireless markets.

Prior to joining BitWave Semiconductor, Mr. Farese was Senior Vice President of Engineering for Palm, Inc., where he was responsible for product engineering, and product development with ODM partners. While at Palm, he led the engineering efforts that resulted in the introduction of the Treo 680, Treo 700, and Treo 750 smartphones. Before joining Palm in 2005, he was the president and CEO and board member of WJ Communications. He has also held senior management positions at Motorola, Ericsson Inc., Nokia Inc., and IT&T Corp. and is a board member of PMC-Sierra. Mr. Farese has a Ph.D. in Electrical Engineering from Rensselaer Polytechnic Institute, an M.S. in Electrical Engineering from Princeton University and a B.S. in Electrical Engineering from Rensselaer Polytechnic Institute.

"Mike's extensive background and wealth of knowledge in consumer products and converged devices, especially cellular smartphones, makes him an ideal candidate for QuickLogic's board," said E. Thomas Hart, QuickLogic's chairman, president and CEO. "We are excited that Mike is joining the board. His insight and experience will be very valuable in helping guide QuickLogic as we further expand into our focus mobile markets of smartphones, portable media players, portable navigation devices, mobile internet devices and broadband data cards."

QuickLogic Announces Fiscal 2008 First Quarter Results — VEE™ Rapidly Gaining Design Traction

Thu, 24 Apr 2008 00:00:00 -0700

Note to Editors: Download Financial Tables

QuickLogic Corporation (NASDAQ:QUIK), the lowest power programmable solutions leader, today announced the financial results for its fiscal first quarter ended March 30, 2008.

Total revenue for the first quarter of 2008 was $11.0 million, up three percent from the fourth quarter of 2007 and up 77 percent from the first quarter of 2007. The sequential growth in revenue was primarily due to higher end-of-life and mature product revenue; this growth was partially offset by a decline in new product revenue. Revenue from new products, mature products and end-of-life products each increased significantly compared to the first quarter of 2007.

Under generally accepted accounting principles (GAAP), the net loss for the first quarter of 2008 was $1.4 million, or $0.05 per share, compared with a net loss of $1.7 million, or $0.06 per share, in the fourth quarter of 2007 and a net loss of $5.9 million, or $0.20 per share, in the first quarter of 2007. Non-GAAP net loss for the first quarter of 2008 was $712,000, or $0.02 per share, compared with a non-GAAP net loss of $1.1 million, or $0.04 per share, in the fourth quarter of 2007 and a non-GAAP net loss of $5.5 million, or $0.19 per share, in the first quarter of 2007.

QuickLogic reports certain financial measures, including net loss, in accordance with GAAP and also on a non-GAAP basis. Non-GAAP results, where applicable, exclude stock-based compensation recorded in accordance with Statement of Financial Accounting Standards (SFAS) No. 123(R), "Share-based Payment" and the write-off of long-lived assets. For a full reconciliation of GAAP net loss to non-GAAP net loss, please refer to the schedule on page 5 of this press release."

Our results were in line with or better than our guidance for the first quarter, and new product revenue, while down sequentially, was at the high end of our guidance for the quarter," said E. Thomas Hart, chairman, president and CEO. "During the first quarter we launched our Visual Enhancement Engine, or VEE, which addresses the mobile market's need to provide users with a vastly improved user viewing experience even while significantly extending battery life. Top customers, in our target markets, see VEE as a clear way to differentiate their products as video moves into hand-held, battery-powered prosumer products."

Conference Call

QuickLogic will hold a conference call at 2:30 p.m. Pacific Time today, April 24, 2008, to discuss the first quarter financial results. The conference call is being webcast and can be accessed via QuickLogic's website at www.quicklogic.com. To participate, please call (877) 548-7911 by 2:20 p.m. Pacific Time. A recording of the call will be available starting one hour after completion of the call. To access the recording, please call (719) 457-0820 and reference the pass code: 4474570. The call recording will be archived until May 1, 2008 and the webcast will be available for 12 months.

Non-GAAP Financial Measures

QuickLogic Announces Q1 Earnings Conference Call

Thu, 17 Apr 2008 00:00:00 -0700

QuickLogic Corporation (NASDAQ:QUIK), the lowest power programmable solutions leader, has scheduled a conference call to discuss the company's earnings results for its fiscal first quarter on Thursday, April 24, 2008, at 2:30 p.m. Pacific Daylight Time / 5:30 p.m. Eastern Daylight Time.

QuickLogic Corporation will issue a news release announcing the Company's first quarter 2008 earnings results at approximately 1:00 p.m. Pacific Daylight Time / 4:00 p.m. Eastern Daylight Time on April 24, 2008. The conference call can be accessed via QuickLogic's website at www.quicklogic.com, or join the live conference by dialing (877) 548-7911 by 2:20 p.m. Pacific Time on April 24, 2008. A recording of the call will be available starting one hour after the completion of the call. To access the recording, please call (719) 457-0820 and reference the passcode 4474570. The call recording will be archived until Thursday May 1st, 2008 and the webcast will be available for 12 months.

QuickLogic’s ArcticLink Solution Platform Earns Prestigious Portable Design 2008 Editor’s Choice Award

Wed, 16 Apr 2008 00:00:00 -0700

QuickLogic® Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced that its popular ArcticLink™ solution platform has been named a winner in the 2008 Editor’s Choice Awards by Portable Design magazine. This year’s winners were chosen after reviewing thousands of product submissions.

The Portable Design Editor’s Choice Award underscores the importance of integrating programmable fabric and hardwired Proven System Blocks (PSBs) such as USB 2.0 High Speed OTG with PHY or ULPI interfaces, SD/MMC/SDIO, and CE-ATA into a single platform. “We’re honored that Portable Design Magazine has recognized the contribution that the ArcticLink solution platform makes to the portable handheld electronics market,” said Brian Faith, Vice President of Solutions Marketing for QuickLogic. “Design teams are continually challenged with developing new products based on ever changing requirements, driven from the diverse consumer demographics of varying geographies, operators and retail chains. The ArcticLink platform’s hardwired PSBs and the programmable fabric provide the foundation for QuickLogic’s system engineering teams – to quickly deliver Customer Specific Standard Products (CSSPs) to our customers.”

About ArcticLink

The ArcticLink solution platform combines hardwired blocks with an embedded ultra-low power programmable fabric block, all in a single-chip solution. The fact that the ArcticLink solution platform is a standard product, allows QuickLogic’s system engineers to use it as the starting point for delivering CSSPs that address the user experience, connectivity and battery life issues in portable consumer electronics today.

QuickLogic and Sital Partner in Developing Core for MIL-STD-1553

Mon, 14 Apr 2008 00:00:00 -0700

QuickLogic Corporation (NASDAQ:QUIK), the lowest power programmable solutions leader, is expanding its commitment to its military customer base by partnering with Israel-based avionics technology leader Sital Technology to optimize Sital's MIL-STD-1553 controller design for QuickLogic's ViaLink® programmable fabric. The MIL-STD-1553 bus is used in military and avionics applications such as heads-up displays, radar, and weapons systems. The controller design will become part of QuickLogic's Proven System Block (PSB) library for militarygrade solutions using the PolarPro® family of programmable platforms.

The MIL-STD-1553 PSB manages all the communications on the bus to and from an attached device. The PSB can act as a bus controller, remote terminal, or monitor terminal interface to the bus, and offers a choice of interfaces on the back end. The PSB can provide compatibility with older chipsets that have interfaces targeting legacy controllers, replacing the legacy device in an existing design without requiring any software changes. For new designs a simpler, streamlined interface is available, allowing communications over the bus simply by reading and writing registers.

"Our long-standing military customers are looking for proven MIL-STD-1553 solutions that provide cost-effective flexibility with the long product lifecycles required by their market," said Mehul Kochar, Business Development Manager at QuickLogic. "We chose to work with Sital for their expertise in these solutions and because their optimized PSB designed with flexibility in mind."

"We are excited to be working with QuickLogic to make our technology more available to the US market," adds Sital Marketing Director Duli Yariv. "Optimizing our design into a PSB for QuickLogic's programmable fabric will help give a long life to military and civil aerospace designs by removing the risk of parts becoming obsolete as technology changes." The partnership includes development of the PSB and will support interface customization for unique designs when needed.

Availability

The MIL-STD-1553 interface PSB will be available for QuickLogic's PolarPro family of solution platforms in Q3, 2008. PolarPro platforms are already available with full military temperature, shock, and vibration rating. For more information, go to QuickLogic's web site, www.quicklogic.com.

QuickLogic Appoints Paul McWilliams from Next Inning Technology Research to Advisory Board

Thu, 03 Apr 2008 00:00:00 -0700

QuickLogic Corporation (NASDAQ:QUIK), the lowest power programmable solutions leader, today announced that it is pleased to appoint Paul McWilliams to its advisory board to provide additional insight and help guide the growth and development of its Customer Specific Standard Product (CSSP) platforms.

Mr. McWilliams has over 20 years of experience in the semiconductor industry where he has represented companies such as 3M, Altera, Cypress Semi, Linear Technology, LSI Logic, Plessy PLC, Power-One, Qualcomm VLSI Division, Siliconix and SMOS. In 2002 he co-founded and is currently the editor of Next Inning Technology Research, a financial newsletter designed to help subscribers understand and leverage the opportunities available in the rapidly changing technology market. In 2000, SmartMoney Magazine listed Mr. McWilliams as one of the 30 most influential people in the world of investing. Mr. McWilliams is frequently a featured speaker at corporate technology events, including the Gilder/Forbes Telecosm conferences, where he will be taking the stage again this year.

"Paul is one of the semiconductor industry's most respected analysts and marketing consultants," said E. Thomas Hart, chairman, president and CEO of QuickLogic. "His extensive experience in studying the business models of hundreds of technology companies will serve us well as we continue to grow and expand in the portable consumer markets with our CSSP strategy."

QuickLogic to Present at the Smartphone Summit at CTIA Wireless 2008 in Las Vegas

Wed, 26 Mar 2008 00:00:00 -0700

Underscoring its commitment to the mobile electronics market, QuickLogic Corporation (NASDAQ:QUIK), today announced that it will be presenting at a key technical session at the Smartphone Summit conference, held in conjunction with CTIA Wireless 2008 in Las Vegas. Howard Li, Senior Platform Marketing Manager for QuickLogic, will present "Better Visual Experience with Longer Battery Life - Nirvana of Multimedia Phones." This presentation will be offered at the "Smartphone Power Solutions - Bridging the Power Gap" session on March 31, 2008.

Location: Las Vegas Convention Center, Room: N117

Time: Monday, March 31 from 11:00 a.m. to 12:00 p.m., Pacific Time

Mr. Li will discuss the role of enhanced video and imaging in mobile multimedia devices, and the industry's significant challenge in providing consumers with a TV-quality viewing experience while extending battery life at the same time. He will present an overview of QuickLogic's proprietary Video Enhancement Engine (VEE™) technology and how it solves these challenges under both low backlight or in bright ambient light conditions.

QuickLogic Speeds Hard Disk Drive Transfers with New Proven System Block

Tue, 25 Mar 2008 00:00:00 -0700

UDMA Block Quadruples Performance of Reading Data From an HDD Using the Parallel ATA Interface

Continuing its commitment to the mobile device market, QuickLogic Corporation (NASDAQ:QUIK), has developed an UltraDMA (UDMA) system block for its Customer Specific Standard Product (CSSP) platforms. Created in conjunction with CSSP customers, the UDMA block speeds data transfers to mass storage while reducing system power requirements.

The UDMA Proven System Block (PSB) adds to QuickLogic's suite of hard disk drive (HDD) interface blocks for the company's CSSP platforms, including PolarPro and ArcticLink. The UDMA block quadruples the speed of parallel-ATA data transfers from 16 Mbytes/sec to 66 Mbytes/sec. It works in ATA/ATAPI-5 modes as well as multi-word DMA and PIO modes, and includes driver software for the Linux operating system. Development of a Windows CE based software driver is also planned for release.

"The performance enhancement that the new UDMA PSB gives our ATA interface will support the design of mobile devices that stream movies from a hard disk drive," said QuickLogic's Principal Architect and Senior Director of Systems Engineering, Judd Heape. "Designers can also translate this performance increase into power savings by putting the HDD into a low-power sleep mode in between data transfers. The higher transfer speed means that the HDD spends more time asleep."

QuickLogic's development of the UDMA PSB arose as the result of working with a customer on creation of a CSSP for a wireless HDD product. "The customer wanted to make sure the actual data transfer rate between the HDD and the QuickLogic supplied USB High-speed On-the-Go (OTG) interface port was as fast as possible, at least 200 Mbits/second," said Heape.

"QuickLogic worked very closely with the customer and jointly defined the system architecture to create this block which led to exceed their performance expectations. This solution highlights QuickLogic's complete approach to fulfilling customer needs and how QuickLogic can successfully work directly with customers to create and combine PSBs to address their most challenging requirements." The UDMA PSB is available immediately as part of QuickLogic's CSSP support package.

QuickLogic Launches Visual Enhancement Engine (VEE) to Enable Next Generation Mobile Multimedia Experiences

Mon, 10 Mar 2008 00:00:00 -0700

VEE™ Technology greatly enhances image and video quality while drastically reducing required LCD backlight power

Core technology based on proven and multi-patented iridix® imaging core from Apical Limited

In its most dramatic release to date, QuickLogic Corporation (NASDAQ:QUIK), the lowest power programmable solutions leader, today announced the Visual Enhancement Engine (VEE) to enable next generation multimedia products. The proprietary VEE technology provides high quality contrast optimization for a wide range of mobile consumer and prosumer devices. It specifically addresses the mobile industry's need to provide consumers with a TV-quality viewing experience while extending battery life at the same time.

In order to deliver a power-efficient, yet flexible solution for the multitude of use cases, application and baseband processors and LCD displays, QuickLogic and Apical Limited partnered to architect and develop the optimal blend of Apical algorithms with QuickLogic's video enhancement algorithms and patented ViaLink® programmable fabric for mobile and portable multimedia products. The core of the VEE technology is based on the proven iridix algorithm licensed from Apical Limited, developed by scientists from the ground up to model the methods that the human eye uses to adapt viewed scenes and images to changing ambient light conditions.

"Multimedia capabilities have become the key selection criteria for mobile devices because they are core to the user experience," says QuickLogic's Vice President of Solutions Marketing Brian Faith. "Apple's success with the iPhone has prompted the entire mobile device value chain into finding novel ways of enhancing the visual experience of the consumer. Mobile Liquid Crystal Displays (LCDs) provide only limited contrast, easily washing out images in bright ambient light or with sunlight reflections. The traditional response to resolve this problem has been to increase the LCD backlight, but that has a negative effect on battery life. The VEE technology provides a best-in-class alternative to this approach, providing both visual enhancement and improved battery life at the same time for the use cases most critical to mobile products being launched now and in the coming years."

By intelligently re-mapping display data to enhance sub-regional variations, VEE improves the viewability of images and video without affecting on-screen graphics, an important use case when consumers have a split-screen between web browsing and Mobile TV or YouTube functionality. VEE also allows a mobile device to provide a superior user experience in outdoor and bright ambient light environments without increasing the LCD backlight, thus preserving precious battery life. In indoor or low ambient light conditions, VEE allows the mobile device to operate with a lower LCD backlight while maintaining the visual experience, a common use case when watching movies on a mobile device during an airplane flight. One of the true benefits of the VEE architecture is that its settings can be updated in real-time, adapting the algorithm as the ambient lighting conditions change.

The VEE technology will be included in QuickLogic's library of Proven System Blocks (PSBs) and can be implemented in multiple silicon platforms, ultimately being delivered to OEMs and ODMs as a Customer Specific Standard Product (CSSP). Its introduction underscores the company's strategy to create next generation solutions that address key design concerns in the mobile industry. "QuickLogic's CSSPs have been providing intelligent connectivity for mobile devices for over a year now," says Faith. "With VEE, we are expanding our portfolio to bring innovative solutions to market that solve relevant and time-critical user experience challenges that OEMs and ODMs are faced with today."

As with all QuickLogic silicon platforms, QuickLogic's onboard programmable fabric enables unprecedented design flexibility for customization of the CSSP to the exact customer requirements. In alignment with the requirements of the mobile market, QuickLogic has developed a packaging strategy to support both small form factor Ball Grid Array (BGA) as well as Wafer Level Chip Scale Packaging (WL-CSP).

Availability

The Visual Enhancement Engine is available now as a PSB for QuickLogic's PolarPro family of programmable solution platforms. It is also being integrated as a hard logic implementation in the next generation of the company's ArcticLink solution platform line, with sampling expected in Q3 2008. For more information about VEE, please visit http://www.quicklogic.com/vee.

QuickLogic and Apical Join Forces to Enhance the Mobile Display Multimedia Experience

Mon, 10 Mar 2008 00:00:00 -0700

The QuickLogic Visual Enhancement Engine (VEE™), based on a proven iridix® core licensed from Apical Limited, provides TV-quality visual experience on mobile multimedia devices

Continuing its commitment to the mobile device market, QuickLogic Corporation (NASDAQ:QUIK), has partnered with UK-based imaging technology company Apical Limited, to bring Apical's proven iridix display enhancement technology to QuickLogic's Customer Specific Standard Product (CSSP) platform families. The iridix core forms the basis of QuickLogic's Visual Enhancement Engine (VEE) proven system block (PSB). When implemented in QuickLogic's patented ViaLink(R)-enabled programmable fabric, the VEE PSB greatly improves viewability, while reducing backlight power in mobile device displays by over 50%. The iridix core has been shipping for several years in Japanese digital still cameras (DSCs), providing the consumer with an exceptional viewing experience and the DSC manufacturers with differentiating branding opportunities.

Apical has provided QuickLogic an exclusive license for implementing the iridix core in silicon for the mobile market. "We are thrilled to have this opportunity to extend our leadership in mobile platform design by addressing industry challenges in getting the most out of multimedia display technology," said Dr. Tim Saxe, QuickLogic's CTO and Senior Engineering Executive. "Using Apical's proven technology in our VEE PSB enables our customers to meet the rising consumer demand for a high-quality mobile image and video viewing experience."

"By incorporating our iridix technology into its offering of Proven System Blocks, QuickLogic enables OEMs and ODMs to adopt our innovative display enhancement technology rapidly and easily, within a system which has been fully purposed for integration into a mobile device," explains Michael Tusch, CEO, Apical Limited. "QuickLogic's CSSP platforms offer a compelling and unique approach for the portable market by producing solutions that combine flexibility with enhanced functionality in a timely and cost effective method, which is difficult to achieve by other technologies today. This is why Apical is partnering with QuickLogic to bring combined solutions for the portable market."

The two companies are exploring additional opportunities to incorporate Apical IP into future QuickLogic solution platforms.

Apical's patented iridix technology improves the viewability of images and video displayed on mobile device LCD displays by optimally adapting the image content to the display dynamic range. Based on nearly a decade of scientific research, the iridix algorithms implement a model of human perception; resulting in a displayed image that retains color and vitality even in bright viewing conditions. In addition to delivering a visual experience closer to that of a large, bright flat-panel display, it also allows a mobile device to operate with significantly reduced backlighting to extend battery life. To further improve display quality, the iridix technology has been supplemented by additional image and video enhancement blocks such as dithering, hue rotation, color correction, and non-linear sharpness filtering, among others. Additionally, QuickLogic's programmable fabric is used to adapt the VEE-enabled solution platforms to the multitude of application, baseband processors, and display technologies commonly used in the mobile market. Furthermore, the autonomous nature of the VEE PSB eliminates the need for complex software algorithms to run on the host processor, lending itself to nearly zero design effort on the part of the OEM/ODM.

Availability

The VEE PSB with iridix technology is available now on QuickLogic's PolarPro family of programmable solution platforms, and will be integrated as a hard logic implementation in the next generation of the company's ArcticLink solution platform family, with sampling expected in Q3 2008. For more information about VEE, please visit http://www.quicklogic.com/vee.

QuickLogic Launches PolarPro II Programmable Solution Platform

Mon, 03 Mar 2008 00:00:00 -0800

Highly optimized I/O structure for mobile applications

Rapid entry and exit from Very Low Power (VLP) mode for more effective system power management

Small device housed in a 5mmx5mm BGA package for handheld mobile devices

Continuing its tradition of innovation in the design of ultra-low power programmable solutions, QuickLogic Corporation (NASDAQ:QUIK) has announced its next-generation customer specific standard product (CSSP) platform: PolarPro II. This latest addition to the popular PolarPro family of platforms offers a compact, optimized I/O structure, increased responsiveness for its Very Low Power (VLP) mode, and greater embedded SRAM configurability, along with other additional features to reduce PCB space and system Bill-Of-Materials (BOM) costs.

"The PolarPro II family is specifically designed to meet the connectivity, intelligence, security, and system logic requirements of portable and mobile applications," said Howard Li, Senior Solution Marketing Manager. "It offers a wide range of I/O interfaces for the mobile market. Coupled with a library of proven system blocks for its configurable fabric, PolarPro II addresses critical connectivity, control and intelligence needs in mobile device design, delivering solutions based on our customers' specific requirements."

The new family builds on the award-wining PolarPro platform, offering a more compact architecture that allows for higher levels of integration in a single device. It is the ideal silicon platform for delivering customer- or market-specific combinations of QuickLogic's proven system blocks for storage, wired/wireless communication, video/imaging, security and other custom functions. PolarPro II also enables higher design flexibility. The I/O section, for instance, now offers 8 independently-powered banks to simplify integration into multi-voltage systems, eliminating the need for costly level-shifting circuitry.

PolarPro II also offers a more advanced power management scheme. The core voltage can now scale as low as 1.5V to reduce dynamic power consumption. The platform also offers a VLP mode that freezes device operation, during which the static current drops to less than 5 uA. Entry and exit from the VLP mode are as fast as 10 microseconds, allowing system developers to conserve energy by shutting down the device in between bursts of activity.

Availability

The first platform in the PolarPro II family will begin sampling in April 2008, with other family members to follow. Device capacity will range to as many as 27 Customizable Building Blocks (CBBs). The first platform will be available in a package size as small as 5x5 mm (TFBGA) for reduced board space and cost, as well as in known good die configurations. For more information visit the QuickLogic website at www.quicklogic.com.

QuickLogic to Present at the Components for Military and Space Electronics (CMSE) Conference in San Diego

Wed, 06 Feb 2008 00:00:00 -0800

Underscoring its commitment to the military and high-reliability market, QuickLogic Corporation (NASDAQ:QUIK), the lowest power programmable solutions leader, today announced that it will be presenting at a key technical session at the Components for Military and Space Electronics (CMSE) Show in San Diego. Rajiv Jain, Director of Technology Development for QuickLogic, will discuss mission critical applications and the demand for high performance and reliability in extreme environment conditions, as well as the relationship between low power and silicon reliability.

This presentation will be offered at the CMSE Component Selection & Application Session on February 13, 2008. The presentation, titled "Key Considerations in Selecting FPGAs for Mission Critical Applications" will also offer an update on QuickLogic's PolarPro(TM) family of programmable solution platforms. PolarPro was purposely architected to meet interconnect and system logic requirements of power-sensitive and mission critical applications using an extremely fast, low power, nonvolatile interconnect technology invented, developed and patented by QuickLogic and called ViaLink.

What: QuickLogic technical presentation on "Key Considerations in Selecting FPGAs for Mission Critical Applications" CMSE - Component Selection & Application Session

Location: The Sheraton Mission Valley Hotel, 1433 Camino Del Rio South, San Diego, CA 92018

Time: Wednesday, February 13 from 9:00 a.m. to 12:00 p.m., Pacific Time

QuickLogic to Present at the Security Research Associates Winter Technology Conference in San Francisco

Mon, 04 Feb 2008 00:00:00 -0800

QuickLogic Corporation (NASDAQ:QUIK), the lowest power programmable solutions leader, today announced that Carl Mills, VP Finance and CFO, will be presenting at the 4th annual Security Research Associates Winter Technology Conference in San Francisco.

Location: The Omni Hotel, 500 California Street, San Francisco, CA 94104

Time: Monday, February 11 at 3:00 p.m., Pacific Time

Webcast URL: http://www.wsw.com/webcast/sra6/quik/ (This presentation will be archived for 90 days.)

Mr. Mills will present an overview of QuickLogic's Customer Specific Standard Products (CSSPs), describe how CSSPs address the challenges facing the mobile electronics market, including battery life, and discuss the market size potential for CSSPs. Mr. Mills will also present QuickLogic's latest financial results.

QuickLogic Announces Fourth Quarter and Fiscal 2007 Results — Fourth Quarter New Product Revenue More Than Doubles Sequentially

Wed, 30 Jan 2008 00:00:00 -0800

Note to Editors: Download Financial Tables

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced the financial results for its fourth quarter and fiscal year ended December 30, 2007.

Total revenue for the fourth quarter of 2007 was $10.7 million, up 19 percent from the third quarter of 2007 and up 39 percent from the fourth quarter of 2006. Higher new product revenue was the major contributor to the sequential and year-on-year revenue increase. New products – ArcticLink™, PolarPro™, Eclipse™ II and QuickPCI® II – grew to contribute 33 percent of revenue in the fourth quarter of 2007, 18 percent in the third quarter of 2007 and 15 percent of revenue in the fourth quarter of 2006.

Under generally accepted accounting principles (GAAP), the net loss for the fourth quarter of 2007 was $1.7 million, or $0.06 per share, compared with a net loss of $1.5 million, or $0.05 per share, in the third quarter of 2007 and a net loss of $3.3 million, or $0.12 per share, in the fourth quarter of 2006. Non-GAAP net loss for the fourth quarter of 2007 was $1.1 million, or $0.04 per share, compared with a non-GAAP net loss of $1.0 million, or $0.04 per share, in the third quarter of 2007 and a non-GAAP net loss of $3.0 million, or $0.11 per share, in the fourth quarter of 2006.

Revenue for 2007 was $34.4 million, compared with revenue of $34.9 million in 2006. Under GAAP, the net loss for 2007 was $11.1 million, or $0.38 per share, compared with a net loss of $9.2 million, or $0.32 per share, in 2006. Non-GAAP net loss for 2007 was $9.3 million, or $0.32 per share, compared with a non-GAAP net loss of $7.7 million, or $0.27 per share, in 2006.

QuickLogic reports certain financial measures, including net loss, in accordance with GAAP and also on a non-GAAP basis. Non-GAAP results, where applicable, exclude stock-based compensation recorded in accordance with Statement of Financial Accounting Standards (SFAS) No. 123(R), “Share-based Payment” and the write-off of long-lived assets. For a full reconciliation of GAAP net loss to non-GAAP net loss, please refer to the schedule on page 6 of this press release.

“New product revenue in our fourth quarter was $3.5 million, a $1.9 million increase over new product revenue in the third quarter. The sale of Customer Specific Standard Products, or CSSPs, into the portable navigation device market drove the increase in product sales,” said E. Thomas Hart, chairman, president and CEO. “Our low power CSSPs allow mobile device manufacturers to bring new products to market more quickly and cost effectively with lower risk. The CSSP message – ‘Your idea, our platform, customized for you’ – resonates well in our target markets, as we continue to engage with more top tier mobile device manufacturers.”

Conference Call

QuickLogic will hold a conference call at 2:30 p.m. Pacific Time today, January 30, 2008, to discuss the fourth quarter and fiscal year financial results. The conference call is being webcast and can be accessed via QuickLogic’s website at www.quicklogic.com/investors. To participate, please call (877) 419-6598 by 2:20 p.m. Pacific Time. A recording of the call will be available starting one hour after completion of the call. To access the recording, please call (719) 457-0820 and reference the pass code: 5211845. The call recording will be archived until February 6, 2008 and the webcast will be available for 12 months.

Non-GAAP Financial Measures

Management uses the non-GAAP measures, which exclude gains, losses and other charges that are considered by management to be outside of the Company’s core operating results, internally to evaluate its operating performance against results in prior periods and its operating plans and forecasts. In addition, the non-GAAP measures are used to plan for the Company’s future periods, and serve as a basis for the allocation of Company resources, management of operations and the measurement of profit-dependent cash compensation paid to employees and executive officers.

QuickLogic to Showcase CSSP Solutions at Mobile World Congress in Barcelona

Fri, 25 Jan 2008 00:00:00 -0800

Innovative Portable CE Products for the consumer and prosumer market, as well as development and reference design platforms will be showcased

QuickLogic® Corporation (NASDAQ: QUIK), the leader in lowest power programmable solutions, will be showcasing a large selection of OEM/ODM products and demonstration systems based on QuickLogic’s Customer Specific Standard Products (CSSPs) during the Mobile World Congress event in Barcelona, Spain on February 11-14, 2008. Please visit QuickLogic’s booths - 7F40 and 7HS05 (Hall 7).

Some of the consumer and prosumer products that will be showcased in our booths include:

3G Wireless Data Card: QuickLogic’s CSSP provided the necessary interface and control to connect the 3G High Speed Downlink Packet Access (HSDPA) chipset to the PCMCIA slot on a laptop/notebook within the specified power limits.

Portable Navigation Device: Two PNDs will be showcased, both enabled by QuickLogic CSSPs based on the PolarPro™ solution platform. The first CSSP enables MP3 playback and high speed map download functionality by providing high performance access to a 1.8 inch PATA HDD. As an integral part of QuickLogic’s storage solution portfolio, the second CSSP enables connectivity to SD and MMC-based Managed NAND, as well as providing boot functionality for removing the need for NOR flash from the system – saving critical BOM cost and PCB space in the high volume CE device.

Ultra Mobile PC (UMPC) / Ultra Mobile Device (UMD) / Mobile Internet Device (MID): QuickLogic’s CSSP, based on the PolarPro solution platform, enables an external display/projector/TV to be connected simultaneously with the UMPC/UMD/MID by performing the necessary X/Y Swap and frame rate conversion.

Wireless Hard Disk Drive: A QuickLogic CSSP, based on the PolarPro solution platform, provides a high speed P-ATA controller that enables this pocket-sized media server to stream multimedia content to/from the internal small form factor HDD and an 802.11g or Bluetooth 2.x+ EDR enabled CE device.

Enterprise Personal Digital Assistant: A QuickLogic CSSP, based on the ArcticLink solution platform, provides high speed USB 2.0 OTG for data synchronization and for connectivity to an external keyboard/mouse, as well as a CompactFlash interface to support existing peripherals such as scanners, printers, GPS modules, data acquisition cards and wireless data cards.

Some of the development and reference design platforms that will be displayed in our booths include:

3G Handset Development Platform: QuickLogic’s CSSP, based on the ArcticLink solution platform, provides high speed USB 2.0 OTG connectivity for data synchronization with devices such as PCs and laptops, as well as the high speed SDIO host controllers that support 802.11g and external SD Card support, with unique support for SD High Capacity (SDHC). Through the inherent flexibility provided by the ArcticLink solution platform, this 3G handset development platform scales to support P-ATA or CE-ATA hard disk drive storage for CE products requiring additional multimedia storage.

Portable CE Development Systems: Two Sophia Systems SandGate III Marvell PXA Application Processor development boards with a QuickLogic daughtercard, will be showcased. These systems are used to demonstrate several solutions built from QuickLogic’s proven system blocks including Boot from Managed NAND, small form factor HDD, high speed USB thumb drives and peripherals, 802.11g and high capacity flash cards (MMC and SD).

Portable Multimedia Player TV-Out Reference Design: This reference design, jointly developed by QuickLogic and Chrontel, uses a QuickLogic CSSP based on the PolarPro solution platform, that enables an external display/projector/TV to be connected simultaneously with any portable CE device by performing the necessary X/Y Swap and frame rate conversion between a Marvell PXA application processor and a Chrontel TV encoder device.

QuickLogic Announces Q4 and FY2007 Earnings Conference Call

Thu, 17 Jan 2008 00:00:00 -0800

QuickLogic® Corporation (NASDAQ:QUIK), the lowest power programmable solutions leader, has scheduled a conference call to discuss the company's earnings results for its fourth quarter and fiscal year 2007 on Wednesday, January 30, 2008, at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time.

QuickLogic Corporation will issue a news release announcing the Company's fourth quarter and fiscal year 2007 earnings results at approximately 1:00 p.m. Pacific Time / 4:00 p.m. Eastern Time on January 30, 2008. The conference call can be accessed via QuickLogic's website at www.quicklogic.com, or join the live conference by dialing (877) 419-6598 by 2:20 p.m. Pacific Time on January 30, 2008. A recording of the call will be available starting one hour after the completion of the call. To access the recording, please call (719) 457-0820 and reference the passcode 5211845. The call recording will be archived until February 6th and the webcast will be available for 12 months.

QuickLogic and Chrontel Deliver Simultaneous LCD and Video Output for Handheld Devices

Wed, 02 Jan 2008 00:00:00 -0800

Ultra-low power solution architected to provide X-Y swap, frame buffering, and frame rate conversion for simultaneous LCD display and video output from portable devices

QuickLogic Customer Specific Standard Product (CSSP) works in conjunction with popular Application Processors and Chrontel TV encoder

Underscoring its commitment to the mobile electronics market, QuickLogic® Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced that, together with development partner Chrontel, it can now enable handheld device developers to add simultaneous video output to their products without sacrificing battery lifetime or burdening the host application processor. The proven QuickLogic/Chrontel solution has already been adopted by a leading smart phone manufacturer and can be customized to fit a wide range of design needs required by other adopters. For more detail please visit http://www.embedded.com/underthehood/201803541?_requestid=163373

“This is one more of the many examples of QuickLogic’s low power CSSP solutions providing fast time-to-market and design flexibility for handheld applications,” said Jing Ma, Director of Partnerships and Strategic Alliances at QuickLogic. “This new simultaneous display solution enables developers to implement a wide range of exciting handheld capabilities, such as plugging a PDA into a conference room television to give a presentation, playing a mobile-phone video game on a TV, or even watching a movie stored on a portable media player on any TV.”

Working in conjunction with Chrontel, QuickLogic addressed three major challenges associated with the simultaneous display of images on both LCD screens and external video devices such as televisions and VGA projectors which have different scan directions. The first challenge was providing the memory control to manage frame buffers using an X-Y pixel swap that provides correct simultaneous image display on both the portrait-mounted LCD panels common to handheld devices and the landscape-oriented displays of television and video projectors. The second challenge was to accommodate frame- and pixel-rate differences between LCD and various television standards, including NTSC and PAL. The third was to provide this functionality without making excessive demands on system battery power and without requiring host processor intervention beyond setup and configuration.

QuickLogic’s CSSP solution leverages the company’s ultra-low power programmable fabric technology to implement the memory interfaces, RGB interfaces, X-Y Swap conversion logic, and active power management needed to address these challenges, all in a single device. When coupled with Chrontel’s CH7013 TV Encoder and a mobile SDRAM frame buffer, the total design handles all rate conversions and voltage level shifting needed to get input data from the LCD display controller on the application processor and drive the TV encoder device.

“By partnering with QuickLogic,” said David Tsai, Chrontel’s Director of Marketing, “we have successfully developed an approach that enables portrait-oriented images and video from mobile handsets, personal digital assistants (PDAs), and portable media players (PMPs) to display correctly on conventional NTSC and PAL displays. QuickLogic’s CSSP handles all the timing related to the various display rates and scan direction conversion while the CH7013 processes and tunes the video stream to produce excellent TV-out quality.”

Availability

As with all of its CSSP designs, QuickLogic can adapt its X-Y swap proven system block to meet a customer’s specific needs, speeding time-to-market for developers having unique requirements. For more information and to discuss requirements, contact QuickLogic sales at www.quicklogic.com/sales.

QuickLogic Showcases Innovative Portable CE Products Enabled by CSSP Solutions at Consumer Electronics Show in Las Vegas

Wed, 02 Jan 2008 00:00:00 -0800

QuickLogic Corporation (NASDAQ: QUIK), the leader in lowest power programmable solutions, will be showcasing a large selection of OEM/ODM products and demonstration systems based on QuickLogic’s Customer Specific Standard Products (CSSPs) during the CES show in Las Vegas, Jan 7-10, 2008. Please visit QuickLogic’s suite at the Las Vegas Convention Center, Suite 6532MP. To register for a specific time to visit the private suite, please call +1-408-990-4000, and ask to schedule an appointment.

CES Featured Demos

Visit our hospitality suite to see a demonstration of portable, battery-powered consumer and prosumer products enabled by QuickLogic CSSPs, along with several development platforms available for OEMs and ODMs that can be used with applications and communications processors. The QuickLogic CSSPs on these development platforms enable a broad variety of unmatched storage, wired and wireless connectivity, and video capability.

Some of the consumer and prosumer products that will be showcased in our suite include:

Wireless Hard Disk Drive: A QuickLogic CSSP, based on the PolarPro solution platform, provides a high speed P-ATA controller that enables this pocket-sized media server to stream multimedia content to/from the internal small form factor HDD and an 802.11g or Bluetooth 2.x+ EDR enabled CE device.
Enterprise Personal Digital Assistant: A QuickLogic CSSP, based on the ArcticLink solution platform, provides high speed USB 2.0 OTG for data synchronization (ActiveSync) and for connectivity to an external keyboard/mouse, as well as a CompactFlash interface to support existing peripherals such as scanners, printers, GPS modules, data acquisition cards and wireless data cards.
Portable Navigation Device: Two PNDs will be showcased, both enabled by QuickLogic CSSPs based on the PolarPro solution platform. The first CSSP enables MP3 playback and high speed map download functionality by providing high performance access to a 1.8” P-ATA HDD. As an integral part of QuickLogic’s storage solution portfolio, the second CSSP enables connectivity to SD and MMC-based Managed NAND, as well as providing boot functionality for removing the need for NOR flash from the system – saving critical BOM cost and PCB space in the high volume CE device.
3G Wireless Data Card: QuickLogic’s CSSP provided the necessary interface and control to connect the 3G High Speed Downlink Packet Access (HSDPA) chipset to the PCMCIA slot on a laptop/notebook within the specified power limits.
Ultra Mobile PC (UMPC) / Ultra Mobile Device (UMD) / Mobile Internet Device (MID): QuickLogic’s CSSP, based on the PolarPro solution platform, enables an external display/projector/TV to be connected simultaneously with the UMPC/UMD/MID by performing the necessary X/Y Swap and frame rate conversion.

Some of the development and reference design platforms that will be displayed in our suite include:

3G Handset Development Platform: QuickLogic’s CSSP, based on the ArcticLink solution platform, provides high speed USB 2.0 OTG connectivity for data synchronization with devices such as PCs and laptops, as well as the high speed SDIO host controllers that support 802.11g and external SD Card support, with unique support for SD High Capacity (SDHC). Through the inherent flexibility provided by the ArcticLink solution platform, this 3G handset development platform scales to support P-ATA or CE-ATA hard disk drive storage for CE products requiring additional multimedia storage.
Portable CE Development Systems: Two Sophia Systems SandGate III Marvell PXA Application Processor development boards with a QuickLogic daughtercard, will be showcased. These systems are used to demonstrate several solutions built from QuickLogic’s proven system blocks including Boot from Managed NAND, small form factor HDD, high speed USB thumb drives and peripherals, 802.11g and high capacity flash cards (MMC and SD).
Portable Multimedia Player TV-Out Reference Design: This reference design, jointly developed by QuickLogic and Chrontel, uses a QuickLogic CSSP based on the PolarPro solution platform, that enables an external display/projector/TV to be connected simultaneously with any portable CE device by performing the necessary X/Y Swap and frame rate conversion between a Marvell PXA application processor and a Chrontel TV encoder device.

QuickLogic to Present at the 10th Annual Needham Growth Conference in New York

Thu, 20 Dec 2007 00:00:00 -0800

QuickLogic® Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced that E. Thomas Hart, Chairman, President and CEO and Carl Mills, VP of Finance and CFO, will be presenting at the tenth annual Needham & Company Growth Stock Conference in New York City.

Location: The New York Palace Hotel, 455 Madison Avenue, New York, NY 10022

Time: Friday, January 11 at 8:30 a.m., Eastern Time

Webcast URL: http://www.wsw.com/webcast/needham21/quik (This presentation will be archived for 90 days.)

Mr. Hart will be presenting an overview of QuickLogic's proprietary Customer Specific Standard Products (CSSPs), the market size potential and how CSSPs address the many challenges facing the mobile electronics market including battery life. Mr. Mills will present a summary and analysis of QuickLogic's latest financial results.

QuickLogic’s Military-Temperature Configurable Technology Achieves Volume Production

Wed, 19 Dec 2007 00:00:00 -0800

The PolarPro QL1P1000 platform is specifically designed to meet the demanding needs of high reliability applications.

The PolarPro Family contains logic densities of up to 1 million gates.

Keeping its commitment to the industrial, military and high reliability market, QuickLogic® Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, has now achieved volume production of its QL1P1000 in a milspec temperature rating. The QL1P1000 is a member of the PolarPro™ family of programmable solution platforms, containing up to 1 million gates of the industry’s lowest power configurable technology.

“QuickLogic products have long been valued by military and avionics designers for their robust performance in harsh conditions, and with the PolarPro QL1P1000 we have grown their logic density to match the requirements of today’s more sophisticated systems,” said Brian Faith, QuickLogic’s Vice President, Solutions Marketing.

The QL1P1000 platform offers the reliability and capacity needed for the most demanding military applications, supporting the full mil-spec temperature range of -55º to +125ºC. The platform also addresses the shock and vibration requirements of military and avionics applications by employing robust packaging to reduce sensitivity to mechanical stress. The platform is non-volatile and therefore does not require an external configuration memory, nor can it be read after programming. Keeping design details and security codes embedded in the platform completely unexposed to the outside world underscores the fact that the platform is virtually impossible to reverse-engineer, clone, or tamper with.

Availability

The PolarPro QL1P1000 is available immediately. For volume ordering information, contact QuickLogic sales at www.quicklogic.com/sales.

QuickLogic to Present at Thomas Weisel Partners Power Conference 2007

Wed, 14 Nov 2007 00:00:00 -0800

Underscoring its commitment to the mobile electronics market, QuickLogic® Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced that Carl Mills, VP of Finance and CFO, and Andy Pease, VP of Worldwide Sales, will be presenting at the Thomas Weisel Partners Power Conference 2007.

Location: Thomas Weisel Partners New York Office, 390 Park Avenue, 2nd Floor, New York, NY 10022

Time: Thursday, November 15 at 3:00 p.m., Eastern Time

Webcast URL: http://www.veracast.com/webcasts/twp/innovations07/23116131.cfm (This presentation will be archived until December 15, 2007.)

Mr. Pease will be presenting an overview of Customer Specific Standard Products (CSSPs) and how they address the low power challenges facing the mobile electronics market. Mr. Mills will present a summary and analysis of QuickLogic's latest financial results.

QuickLogic’s High Speed SPI Host Controller Enables Shorter Time to Market for ODMs and OEMs

Mon, 29 Oct 2007 00:00:00 -0700

The high speed SPI interface provides a fast, easy connection to WiFi, GPS, Bluetooth and MobileTV chipsets.

The SPI controller features a low pin count interface and a small foot print implementation.

Underscoring its commitment to the mobile market, QuickLogic® Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced the addition of a SPI (serial peripheral interconnect) Host Controller to its customer specific standard product (CSSP) functional library. The SPI interface gives mobile device designers a low pin-count alternative to SDIO or mini-PCI for a high speed connection to wireless modules and other popular peripheral functions.

“QuickLogic’s customer specific standard product (CSSP) design approach is all about giving the OEM/ODM developers choices within a standard framework,” said Brian Faith, QuickLogic’s Vice President, Solution Marketing. “The addition of the high speed SPI Host Controller to our silicon proven, system block library extends the developers’ range of alternatives for connecting to high-performance peripherals such as WiFi and GPS chipsets.”

Today’s wireless chipsets provide different host interfaces including SDIO, SPI and mini-PCI, which are most widely used. Implemented in QuickLogic’s platform products, a SDIO Host Controller requires 15 customizable building blocks (CBBs), and PCI requires 6 to 9 CBBs depending on the configuration. The SPI Host Controller requires only 3 CBBs and 4 IOs, freeing CSSP resources for the implementation of additional functions. It is high speed and capable of operating at clock speeds to 52 MHz. The SPI software driver provided by QuickLogic has low overhead and can be customized for specific peripherals for higher performance.

Availability

The SPI Host Controller, which comes with full software support, is available immediately as part of QuickLogic's CSSP proven system block library. For information on QuickLogic's CSSP capabilities and platforms, go to www.quicklogic.com/cssp.

QuickLogic Announces Fiscal 2007 Third Quarter Results — New Product Revenue Ramps Sequentially at Top Tier Customers

Wed, 24 Oct 2007 00:00:00 -0700

Note to Editors: Download Financial Tables

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced the financial results for its fiscal third quarter ended September 30, 2007.

Revenue for the third quarter of 2007 was $9.0 million, up seven percent from $8.4 million in the second quarter of 2007 and up five percent from $8.6 million in the third quarter of 2006. New product revenue increased by $1.0 million sequentially; this growth was partially offset by a decline in end-of-life product revenue. Higher end-of-life and mature product revenue was a major contributor to the year-on-year increase in revenue. New products – ArcticLink™, PolarPro™, Eclipse™ II and QuickPCI® II – contributed 18 percent of revenue in the third quarter of 2007, seven percent in the second quarter of 2007 and 25 percent of revenue in the third quarter of 2006.

Under generally accepted accounting principles (GAAP), the net loss for the third quarter of 2007 was $1.5 million, or $0.05 per share, compared with a net loss of $2.1 million, or $0.07 per share, in the second quarter of 2007 and a net loss of $3.0 million, or $0.10 per share, in the third quarter of 2006. Non-GAAP net loss for the third quarter of 2007 was $1.0 million, or $0.04 per share, compared with a non-GAAP net loss of $1.7 million, or $0.06 per share, in the second quarter of 2007 and a non-GAAP net loss of $2.6 million, or $0.09 per share, in the third quarter of 2006.

QuickLogic reports certain financial measures, including net loss, in accordance with GAAP and also on a non-GAAP basis. Non-GAAP results, where applicable, exclude stock-based compensation recorded in accordance with Statement of Financial Accounting Standards (SFAS) No. 123(R), “Share-based Payment” and the write-off of long-lived assets. For a full reconciliation of GAAP net loss to non-GAAP net loss, please refer to the schedule on page 5 of this press release.

“We are pleased with our significant increase in revenue compared with the second quarter,” said E. Thomas Hart, chairman, president and CEO. “We are getting good design traction for our Customer Specific Standard Products (CSSPs) with top customers in our target markets. The trend for these customers is to design platforms that enable them to generate multiple products. The inherent flexibility of CSSPs serves well to “future-proof” these platforms, extending their life over several product generations. This allows our customers to bring new products to market more quickly and cost effectively with lower risk.”

Conference Call

QuickLogic will hold a conference call at 2:30 p.m. Pacific Time today, October 24, 2007, to discuss the third quarter financial results. The conference call is being webcast and can be accessed via QuickLogic’s website at www.quicklogic.com/investors. To participate, please call (888) 684-1265 by 2:20 p.m. Pacific Time. A recording of the call will be available starting one hour after completion of the call. To access the recording, please call (719) 457-0820 and reference the pass code: 5642724. The call recording will be archived until November 1, 2007 and the webcast will be available for 12 months.

Non-GAAP Financial Measures

QuickLogic reports financial information in accordance with generally accepted accounting principles (GAAP), but believes that non-GAAP financial measures are helpful in evaluating its operating results and comparing its performance to comparable companies. Accordingly, the Company excludes charges related to stock-based compensation and the effect of the write-off of long-lived assets in calculating non-GAAP (i) income (loss) from operations, (ii) net income (loss), (iii) net income (loss) per share, and (iv) gross margin percentage. For a full reconciliation of these GAAP measures to non-GAAP measures, please refer to the schedule on page 5 of this press release. The Company provides this non-GAAP information to enable investors to evaluate its operating results in a manner similar to how the Company analyzes its operating results and to provide consistency and comparability with similar companies in the Company’s industry. Management uses the non-GAAP measures, which exclude gains, losses and other charges that are considered by management to be outside of the Company’s core operating results, internally to evaluate its operating performance against results in prior periods and its operating plans and forecasts. In addition, the non-GAAP measures are used to plan for the Company’s future periods, and serve as the basis for the allocation of Company resources, management of operations and the measurement of profit-dependent cash compensation paid to employees and executive officers.

Investors should note, however, that the non-GAAP financial measures used by QuickLogic may not be the same non-GAAP financial measures, and may not be calculated in the same manner, as that of other companies. QuickLogic does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures alone or as a substitute for financial information prepared in accordance with GAAP. A reconciliation of GAAP financial measures to non-GAAP financial measures is included in the financial statements portion of this press release. Investors are encouraged to review the related GAAP financial measures and the reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures.

QuickLogic Expands into Mobile Accessory Market with SDIO Client Proven System Block

Mon, 15 Oct 2007 00:00:00 -0700

Underscoring its commitment to the mobile electronics market, QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today released a proven system block for an SDIO client. This block, part of QuickLogic's functional library for its Customer Specific Standard Product (CSSP) platforms, enables a range of unique accessories for mobile devices utilizing the popular SD memory card and SDIO peripheral interface.

As consumers demand higher levels of integration, more functions are put into single devices such as smartphones, personal media players (PMP) and personal navigation devices (PND). The same trend is also seen in the accessory market. Expansion cards and thumb drives are integrating multiple radios for Wi-Fi, mobile TV, and other wireless technologies, along with flash memory storage for data and multimedia content. The most commonly used interfaces in mobile devices are high speed SD/SDIO and USB. The new SDIO client proven system block allows QuickLogic to greatly expand its served available market from host side applications to the accessory market on the client side.

"This SDIO client system block opens a whole new range of applications for QuickLogic's CSSP platforms," says Howard Li, QuickLogic's senior platform marketing manager. "There are fixed-function SDIO client ASSPs that are available on the market, but with limited functionality and zero flexibility. QuickLogic's SDIO client block can be integrated into a variety of QuickLogic's CSSP platforms and can be tailored by QuickLogic to meet customer specific requirements. Mobile market architects and designers now can easily attach Wi-Fi, mobile TV, Bluetooth and NAND flash storage to a standard SDIO interface in a single device.”

The SDIO client block has been added to QuickLogic’s proven system block library for its CSSP solutions platforms. QuickLogic’s CSSP approach blends fixed logic blocks with an array of low-power customizable building blocks (CBBs) for implementing additional standards-based or custom functions. This approach offers development teams a customizable platform that addresses the need to meet cost, battery life and PCB-space requirements, while also maintaining the flexibility to evolve designs as market demands change in the future. Quicklogic’s CSSP platforms include the PolarPro® and ArcticLink® platform families, offering a range of options in size and capacity.

Availability

The SDIO client solution is available immediately as part of QuickLogic's CSSP proven system block library. For more information on QuickLogic's CSSP capabilities and platforms, go to www.quicklogic.com/cssp

QuickLogic Announces Q3 Earnings Conference Call

Wed, 10 Oct 2007 00:00:00 -0700

QuickLogic Corporation (NASDAQ:QUIK), the lowest power programmable solutions leader, has scheduled a conference call to discuss the company's earnings results for its fiscal third quarter on Wednesday, October 24, 2007, at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time.

QuickLogic Corporation will issue a news release announcing the Company's third quarter 2007 earnings results at approximately 1:00 p.m. Pacific Time / 4:00 p.m. Eastern Time on October 24, 2007. The conference call can be accessed via QuickLogic's website at www.quicklogic.com. For access to the live conference call, please call (888) 684-1265 by 2:20 p.m. Pacific Time on October 24, 2007. A recording of the call will be available starting one hour after the completion of the call. To access the recording, please call (719) 457-0820 and reference the passcode 5642724. The call recording will be archived until November 1, 2007 and the webcast will be available for 12 months.

QuickLogic’s High-Density Configurable Technology Now Available in Military Temperature Rating

Sat, 29 Sep 2007 00:00:00 -0700

QL1P1000 is specifically designed to meet the demanding needs of military applications.

The high-density, mil-temp capabilities of the PolarPro QL1P1000 device, were combined with the advantages of QuickLogic’s proprietary technology, based on demand from customers.

Underscoring its commitment to the military market, QuickLogic® Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced that the QL1P1000, the latest member of the PolarPro™ family, is now available in a mil-spec temperature rating. PolarPro, the industry’s lowest power configurable technology, is available in sizes of up to 1 million gates and offers unparalleled design security.

“We have a long history with the military industry in the areas of flight controls, avionics, missile systems, navigation systems, smart munitions and military communications systems. Our military customers value our technology, and many of them have requested parts with a million gate density that are rated for the full -55º to +125ºC mil-spec temperature range,” said Brian Faith, QuickLogic’s Vice President, Solution Marketing. “With the PolarPro QL1P1000, we have delivered.”

The underlying, proprietary ViaLink® technology used in the QL1P1000 device offers some significant benefits for battery-powered, mission critical applications. The PolarPro device’s VLP low-power mode reduces current demand to less than 100 uA, meaning smaller, lighter batteries can be used for easier portability. The technology’s reliable, non-volatile programming approach enables “instant-on” operation, which is ideal for immediate recovery from ‘brown-out’ situations. In addition, the QL1P1000 is immune from Single Event Upsets (SEUs). Lastly, since programming of the ViaLink technology does not depend on external memory and cannot be read after programming, design details and security codes embedded in the logic are virtually impossible to reverse engineer, clone or tamper with.

The QL1P1000 device offers the reliability and capacity needed for the most demanding military applications. The reliability is based on a number of factors that QuickLogic paid special attention to in the development of this device such as the fabrication process, design and layout rules, testing of the device, software programming and the qualification plans and quality assurance procedures. This device also addresses the shock and vibration requirements of military designs by using special packaging to reduce their sensitivity to mechanical stresses. This high-density device is an excellent replacement for ASICs, which are more costly, experience shorter lifecycles and lack flexibility.

Pricing and Availability

The PolarPro QL1P1000 device with military temperature range is sampling now. For pricing information and volume ordering, contact QuickLogic sales, or visit QuickLogic at www.quicklogic.com.

QuickLogic Extends CSSP Library with Bluetooth 2.1 + EDR Compatible High Speed UART Core

Thu, 06 Sep 2007 00:00:00 -0700

Fast 3 Mbit/sec data rate supports Bluetooth 2.1 and Enhanced Data Rate (EDR) throughput requirements

Configurable to meet a variety of application requirements

Underscoring its commitment to the mobile electronics market, QuickLogic® Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced a new UART (universal asynchronous receiver/transmitter) proven system block for use with its innovative Customer Specific Standard Product (CSSP) platforms. The high-performance core supports the full 3Mbit/sec required for Bluetooth 2.1 and Enhanced Data Rate (EDR) operation.

The UART has been used as a general-purpose serial communications function for decades, but are typically designed for low data-rate applications such as a PC serial port. More recently, UARTs have become the most common form of host controller interface for Bluetooth communications. With the advent of Bluetooth 2.0/2.1 and its EDR transfer mode for highspeed streaming, UARTs traditionally used in mobile application processors are proving to be too slow. The new UART system block from QuickLogic offers the level of performance that Bluetooth 2.1 + EDR requires.

“QuickLogic’s high-speed UART solution allows portable device OEMs and ODMs to quickly implement Bluetooth 2.1 capability – without waiting for application processor vendors to upgrade their embedded UARTs to the required performance,” says Howard Li, QuickLogic’s Senior Platform Solution Marketing Manager. “Together with the flexibility of QuickLogic’s CSSP platform approach, this solution allows designers to gain a competitive advantage and
create product differentiation - today.”

The high-speed UART solution is a proven system block that occupies five Customizable Building Blocks (CBBs) within the programmable fabric in either PolarPro or ArcticLink CSSP families of solution platforms. It offers configurable flow control and FIFO access as well as a baud rate customizable for different application requirements, with speeds up to 3 Mbits/sec. Applications for the UART system block include Bluetooth EDR voice communications between mobile handsets and hands-free headsets, wireless communications between game controllers and game consoles, and the streaming of multimedia files between devices, as well as traditional serial links to keyboards, mice, portable storage, and the like. Software support for the highspeed UART system block includes drivers for Windows CE, Windows Mobile, and Linux.

Availability

The high-speed UART solution is available immediately as part of QuickLogic’s CSSP proven system block library. For more information on QuickLogic’s CSSP capabilities and platforms, go to www.quicklogic.com/cssp.

QuickLogic Announces Availability of Ultra-Secure, Digital Rights Management, Single-Chip Silicon Solutions for Handheld Electronics Products

Mon, 20 Aug 2007 00:00:00 -0700

Patented silicon fabrication technology make solutions effectively 'reverse engineering proof'

QuickLogic Corporation (NASDAQ: QUIK), the leader in lowest power programmable solutions, today announced it has added a suite of digital rights management (DRM) security functions, including AES encryption, to the library of IP available for its programmable connectivity platforms. The technology greatly enhances time to market and time in market for handheld electronics products. It allows developers to extend the capability of their chosen embedded systems processor with both the security and peripheral interfaces they need, via a single low power consumption IC.

Proprietary and patented semiconductor fabrication technology ensures that secret keys embedded into the device are effectively immune to reverse engineering, providing an ideal solution for securing digital media over the broad range of fast-growing consumer electronics applications such as portable media players, smart phones, and navigation devices.

A typical solution that QuickLogic implements for applications might be a cryptographic function such as AES encryption combined with high-speed USB 2.0 OTG and SD memory controller interfaces. Further cryptographic functions available in QuickLogic's library include hashing functions, DES and Triple DES. Key lengths as long as 256 bits, or more, may be embedded securely into a device. Other forms of DRM such as CPRM can be added to the library quickly.

This ability to provide DRM security combined with other functions means that major real-estate and bill-of-material cost savings can be made by developers of handheld products compared with dedicated DRM ICs, or volatile forms of programmable logic that require separate SRAM configuration devices and a backup battery. Package choices for QuickLogic's programmable platforms include 6 x 6 mm BGA.

QuickLogic offers a range of innovative platforms for use with embedded systems processors, offering technology ranging from low power programmable logic fabric, to logic combined with dedicated functions. These programmable platforms allow the creation of types of devices that QuickLogic terms Customer Specific Standard Products or CSSPs. CSSP combines the proven functionality of application specific standard products, with the customer-specific functionality of ASICs, to deliver solutions that meet integration and customization requirements within days rather than months.

The ultra-secure nature of QuickLogic's patented fabrication process technology has been used in many sensitive defense related applications. QuickLogic has a strong security chain in place to protect secret keys during device manufacturing.

QuickLogic Launches New Web Site Aimed at the Mobile Electronics Market

Mon, 30 Jul 2007 00:00:00 -0700

Underscoring its commitment to the mobile electronics market, QuickLogic® Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today launched a dramatically new web site that will help product development teams leverage QuickLogic’s Customer Specific Standard Product (CSSP) technologies, platforms and capabilities to bring their designs to market quickly, and at low risk. The site is organized by application and technology segments, providing developers with a variety of usage models and block diagrams showing how the CSSP approach solves fundamental challenges being experienced in the fast moving mobile market.

QuickLogic’s CSSP approach blends proven system blocks with an array of low-power customizable building blocks (CBBs). This approach offers development teams a customizable platform that addresses the need to meet cost, battery life and PCB-space requirements, while also maintaining the flexibility to evolve designs as market demands change in the future. QuickLogic’s web site is located at www.quicklogic.com.

QuickLogic Announces Fiscal 2007 Second Quarter Results — Revenue Climbs 35% Sequentially

Wed, 25 Jul 2007 00:00:00 -0700

Note to Editors: Download Financial Tables

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced the financial results for its fiscal second quarter ended July 1, 2007.

Revenue for the second quarter of 2007 was $8.4 million, up 35 percent from $6.2 million in the first quarter of 2007 and down nine percent from $9.2 million in the second quarter of 2006. The sequential growth in revenue was broadly based across our new product, mature product and end-of-life product families. The year-on-year decline in revenue was due to lower new product revenue. The decline in new product revenue was due to lower revenue from one customer, whose revenue in the second quarter of 2007 was in line with our expectations. New products – PolarPro™, ArcticLink™, Eclipse™ II, QuickPCI® II and QuickMIPS – contributed 14 percent of revenue in the second quarter of 2007 and the first quarter of 2007, and 25 percent of revenue in the second quarter of 2006.

Under generally accepted accounting principles (GAAP), the net loss for the second quarter of 2007 was $2.1 million, or $0.07 per share, compared with a net loss of $5.9 million, or $0.20 per share, in the first quarter of 2007 and a net loss of $1.7 million, or $0.06 per share, in the second quarter of 2006. Non-GAAP net loss for the second quarter of 2007 was $1.7 million, or $0.06 per share, compared with a non-GAAP net loss of $5.5 million, or $0.19 per share, in the first quarter of 2007 and a non-GAAP net loss of $1.3 million, or $0.05 per share, in the second quarter of 2006.

QuickLogic reports certain financial measures, including net loss, in accordance with GAAP and also on a non-GAAP basis to highlight infrequent or non-recurring charges. Non-GAAP results, where applicable, exclude stock-based compensation recorded in accordance with Statement of Financial Accounting Standards (SFAS) No. 123(R), “Share-based Payment” and the write-off of long-lived assets. For a full reconciliation of GAAP net loss to non-GAAP net loss, please refer to the schedule on page 5 of this press release.

“We are pleased with our significant increase in revenue compared with the first quarter,” said E. Thomas Hart, chairman, president and CEO. “We are seeing good design traction for our Customer Specific Standard Products (CSSPs), with top customers in our target markets. The trend for these customers is to design platforms that enable them to build multiple products. The inherent flexibility of CSSPs serves well to “future-proof” these platforms, extending their life over several product generations. This allows our customers to bring new products to market more quickly and cost effectively with lower risk.”

Conference Call

QuickLogic will hold a conference call at 2:30 p.m. Pacific Time today, July 25, 2007, to discuss the second quarter financial results. The conference call is being webcast and can be accessed via QuickLogic’s website at www.quicklogic.com/investors. To participate, please call (913) 981-5523 by 2:20 p.m. Pacific Time. A recording of the call will be available starting one hour after completion of the call. To access the recording, please call (719) 457-0820 and reference the pass code: 3465080. The call recording will be archived until August 2, 2007 and the webcast will be available for 12 months.

Non-GAAP Financial Measures

Investors should note, however, that the non-GAAP financial measures used by QuickLogic may not be the same non-GAAP financial measures, and may not be calculated in the same manner, as that of other companies. QuickLogic does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures alone or as a substitute for financial information prepared in accordance with GAAP. A reconciliation of GAAP financial measures to non-GAAP financial measures is included in the financial statements portion of this press release. Investors are encouraged to review the related GAAP financial measures and the reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures.

QuickLogic Announces Q2 Earnings Conference Call

Thu, 12 Jul 2007 00:00:00 -0700

QuickLogic Corporation (NASDAQ:QUIK), the lowest power programmable solutions leader, has scheduled a conference call to discuss the Company's earnings results for its fiscal second quarter on Wednesday, July 25, 2007, at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time.

QuickLogic Corporation will issue a news release announcing the Company's second quarter 2007 earnings results at approximately 1:00 p.m. Pacific Time / 4:00 p.m. Eastern Time on July 25, 2007. The conference call can be accessed via QuickLogic's website at www.quicklogic.com. For access to the live conference call, please call (913) 981-5523 by 2:20 p.m. Pacific Time on July 25, 2007. A recording of the call will be available starting one hour after the completion of the call. To access the recording, please call (719) 457-0820 and reference the passcode: 3465080. The call recording will be archived until August 2, 2007 and the webcast will be available for 12 months.

QuickLogic Expands Storage Solution Portfolio with Compact Flash Host Controller

Wed, 20 Jun 2007 00:00:00 -0700

Supports CF+ specification with memory, I/O and True IDE mode

Enables compatibility with a wide variety of aftermarket peripherals

QuickLogic® Corporation (NASDAQ: QUIK), the leader in lowest power programmable solutions, today announced an addition to its integrated programmable connectivity solution portfolio targeting mobile devices. The company has released a full Compact Flash host controller to provide designers with simple access to this common memory technology.

Compact Flash was introduced in 1994 initially as an interface to flash data card storage. Over time, it has been enhanced to support micro hard disk drives and peripheral devices such as Wi-Fi, Global Positioning Systems (GPS) and Scanner modules. Although Secure Digital (SD) card has gained more popularity due to its simpler interface, Compact Flash is still required for devices such as Enterprise PDAs, Portable Industrial ePOS, and highend digital cameras.

Compact Flash is a high pin-count interface, and as a result, many of the latest application processors no longer support it in order to reduce cost. QuickLogic’s Compact Flash host controller acts as a companion device to the application processor, enabling connectivity to a host of Compact Flash devices on the market. It preserves the investment made in Compact Flash peripherals by consumers while allowing them to take advantage of the more powerful emerging application processors.

QuickLogic’s Compact Flash host controller solution supports the CF+ specification including memory, data storage, I/O and True IDE mode. It can be configured to work with Compact Flash memory cards, micro hard disk drives and a broad range of I/O peripherals. The processor interface implemented in the programmable fabric allows seamless connection to a variety of applications processors, enabling developers to quickly add Compact Flash to their mobile designs.

The Compact Flash host controller is the latest addition to QuickLogic’s Customer Specific Standard Product (CSSP) offerings, all of which reduce design time and risk by embedding high performance fixed-logic with a programmable fabric. The fixed-logic portion of the CSSP enables designers to optimize the product BOM cost and battery life, while still providing the flexibility to customize the programmable fabric portion to suit their individual product requirements. The Compact Flash solution can be integrated into QuickLogic’s PolarPro™, Eclipse® II, and ArcticLink™ product families.

Pricing and Availability

QuickLogic’s Compact Flash host controller solution is available now for under $2 in high volume. For more details contact QuickLogic sales or visit QuickLogic at www.quicklogic.com.

QuickLogic Introduces “Boot from Managed NAND” Solution Eliminating Need for NOR Flash in Mobile Products

Mon, 14 May 2007 00:00:00 -0700

Enables mobile products to boot from Managed NAND memory devices, memory cards and solid-state disk drives, significantly reducing both BOM costs and PCB area

Solution Supports Secure Digital (SD), Secure Digital High Capacity (SDHC) and Multimedia Card (MMC) based Managed NAND devices for maximum NAND sourcing flexibility

Underscoring its commitment to the mobile electronics market, QuickLogic® Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced a revolutionary solution that enables the application processors in mobile products to boot directly from Managed NAND devices and memory cards, eliminating the need for NOR flash and thus reducing BOM cost and PCB area. The solution is a unique combination of QuickLogic’s proven SDIO host controller and additional intellectual property that performs the boot sequencing function,

Managed NAND is an emerging trend in Flash storage technology that integrates both NAND flash memory and a controller device that handles the complexities of errorcorrection (ECC) and other vendor-specific housekeeping operations associated with using the memory. By handling these complexities on the Managed NAND device itself, the mobile products’ application processor can focus on running the operating system and software applications. This new capability will become especially important as NAND flash devices reduce cost and increase capacity by moving to multi-level cell (MLC) designs.

Managed NAND also provides a simplified and standardized interface to the memory that allows QuickLogic’s solution to help reduce BOM cost by expanding competitive supply options, allowing companies to ‘mix and match’ memory from different vendors.

“This Managed NAND solution gives our customers the best of both worlds,” says Judd Heape QuickLogic’s Director of Systems Architecture. “This added capability allows mobile product designers to eliminate the NOR flash they typically use to hold bootable system software in their designs. Now for the first time they can use a single type of memory for both data and boot program storage. Designers will gain the density of NAND flash with the bootability of NOR flash, all with the simplicity and flexibility of a managed interface.”

Pricing and Availability

QuickLogic’s boot from Managed NAND solution is available now with boot software support for Linux and Windows® CE operating systems. The solution can be implemented in QuickLogic’s PolarPro™ and Eclipse™ II technology as well as in the programmable fabric of the company’s ArcticLink™ solution platform. The Managed NAND solution will price for as little as $1.20 in high volume depending on the platform used. For more details contact QuickLogic Sales or visit QuickLogic at www.quicklogic.com.

QuickLogic Announces Fiscal 2007 First Quarter Results

Thu, 26 Apr 2007 00:00:00 -0700

Note to Editors: Download Financial Tables

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced the financial results for its fiscal first quarter ended April 1, 2007.

Revenue for the first quarter of 2007 was $6.2 million, down 19 percent from $7.7 million in the fourth quarter of 2006 and 33 percent from $9.3 million in the first quarter of 2006. The change in revenue was primarily due to the continued decline in pASIC® 1 and pASIC 2 products as a result of their previously announced end-of-life, lower customer demand, and the stage in the production life-cycle of customers using our new products. New products – Eclipse™ II, QuickPCI® II, PolarPro™ and QuickMIPS – contributed 14 percent of revenue in the first quarter of 2007, compared with 18 percent of revenue in the fourth quarter of 2006 and 12 percent of revenue in the first quarter of 2006.

Under generally accepted accounting principles (GAAP), the net loss for the first quarter of 2007 was $5.9 million, or $0.20 per share, compared with a net loss of $3.3 million, or $0.12 per share, in the fourth quarter of 2006 and a net loss of $1.2 million, or $0.04 per share, in the first quarter of 2006. Non-GAAP net loss for the first quarter of 2007 was $5.5 million, or $0.19 per share, compared with a non-GAAP net loss of $3.0 million, or $0.11 per share, in the fourth quarter of 2006 and a non-GAAP net loss of $776,000, or $0.03 per share, in the first quarter of 2006.

QuickLogic reports certain financial measures, including net income (loss), in accordance with GAAP and also on a non-GAAP basis to highlight infrequent or non-recurring charges. Non-GAAP results, where applicable, exclude stock-based compensation recorded in accordance with Statement of Financial Accounting Standards (SFAS) No. 123(R), “Share-based Payment” and the write-off of long-lived assets. For a full reconciliation of GAAP net loss to non-GAAP net loss, please refer to the schedule on page 5 of this press release.

“Even though our revenue and other financial results were within guidance, we are certainly not satisfied with this level of revenue and the resulting losses,” said E. Thomas Hart, chairman, president and CEO. “We believe that our new sales and marketing personnel along with the introduction of Customer Specific Standard Products (CSSPs) are already showing signs of success. Interest from focus customers in our target markets and design activity using our new solutions, especially the recently announced ArcticLink™ Solution Platform, continues to grow. We believe that we will have some exciting customer wins to announce during the next several quarters.”

Conference Call

QuickLogic will hold a conference call at 2:30 p.m. Pacific Time today, April 26, 2007, to discuss the first quarter financial results. The conference call is being webcast and can be accessed via QuickLogic’s website at www.quicklogic.com/investors. To participate, please call (913) 312-1303 by 2:20 p.m. Pacific Time. A recording of the call will be available starting one hour after completion of the call. To access the recording, please call (719) 457-0820 and reference the pass code: 4395343. The call recording will be archived until May 3, 2007 and the webcast will be available for 12 months.

Non-GAAP Financial Measures

QuickLogic reports financial information in accordance with generally accepted accounting principles (GAAP), but believes that non-GAAP financial measures are helpful in evaluating its operating results and comparing its performance to comparable companies. Accordingly, the Company excludes charges related to stock-based compensation and the effect of the write-off of long-lived assets in calculating non-GAAP (i) income (loss) from operations, (ii) net income (loss), (iii) net income (loss) per share, and (iv) gross margin percentage. For a full reconciliation of these GAAP measures to non-GAAP measures, please refer to the schedule on page 5 of this press release. The Company provides this non-GAAP information to enable investors to evaluate its operating results in a manner similar to how the Company analyzes its operating results and to provide consistency and comparability with similar companies in the Company’s industry. Management uses the non-GAAP measures, which exclude gains, losses and other charges that are considered by management to be outside of the Company's core operating results, internally to evaluate its operating performance against results in prior periods and its operating plans and forecasts. In addition, the non-GAAP measures are used to plan for the Company’s future periods, and serve as the basis for the allocation of Company resources, management of operations and the measurement of profit-dependent cash compensation paid to employees and executive officers.

Investors should note, however, that the non-GAAP financial measures used by the Company may not be the same non-GAAP financial measures, and may not be calculated in the same manner, as that of other companies. The Company does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures alone or as a substitute for financial information prepared in accordance with GAAP. A reconciliation of GAAP financial measures to non-GAAP financial measures is included in the financial statements portion of this press release. Investors are encouraged to review the related GAAP financial measures and the reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures.

QuickLogic Ships the First ArcticLink Solution Platform with Fully Integrated USB 2.0 High Speed On-the-Go Controller and PHY

Wed, 25 Apr 2007 00:00:00 -0700

QuickLogic® Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced it is now shipping its revolutionary ArcticLink™ solution platform. It reduces design time and risk for the mobile market by embedding high performance host controllers, a programmable fabric for implementing additional controllers and peripheral connectivity, as well as a selectable processor interface – all in a single, low power device. The ArcticLink solution platform meets the need for mobile devices to integrate a wide variety of wireless, storage and image/video technology by providing designers solutions including USB 2.0 High Speed OTG, SD/MMC memory, High Speed SDIO for Wi-Fi and Mobile TV, CE-ATA and IDE Hard Disk Drive, and a vast library of other production-proven solutions.

The ArcticLink solution platform is representative of QuickLogic’s Customer Specific Standard Product (CSSP) philosophy, which combines application-specific hard-wired logic with a low-power programmable fabric for implementing additional, customer-specific functionality. This CSSP technology offers mobile product OEMs and ODMs a unique combination of integration, flexibility, small form factor packaging and low cost.

Reinforcing the market need for this technology, the ArcticLink solution platform has already been adopted by a major mobile device OEM; that customer is now receiving shipments of the ArcticLink solution platform, with the on-board programmable fabric customized by QuickLogic to meet the exact requirements of the OEM.

For designers wishing to explore ArcticLink’s capabilities, engineering samples of the ArcticLink solution platform in an 8x8 mm package are now available from QuickLogic. Contact the QuickLogic sales offices for more information and to order samples. Office locations can be found on the company’s website, www.quicklogic.com.

QuickLogic Announces Q1 FY2007 Earnings Conference Call

Thu, 19 Apr 2007 00:00:00 -0700

QuickLogic Corporation (Nasdaq:QUIK), the lowest power programmable solutions leader, has scheduled a conference call to discuss the Company's earnings results for its fiscal first quarter on Thursday, April 26, 2007, at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time.

QuickLogic Corporation will issue a news release announcing the Company's first quarter 2007 earnings results at approximately 1:00 p.m. Pacific Time / 4:00 p.m. Eastern Time on April 26, 2007. The conference call can be accessed via QuickLogic's website at www.quicklogic.com. For access to the live conference call, please call (913) 312-1303 by 2:20 p.m. Pacific Time on April 26, 2007. A recording of the call will be available starting one hour after the completion of the call. To access the recording, please call (719) 457-0820 and reference the passcode: 4395343. The call recording will be archived until May 3, 2007 and the webcast will be available for 12 months.

QuickLogic Appoints Hide L. Tanigami to QuickLogic’s Board of Directors

Thu, 29 Mar 2007 00:00:00 -0700

QuickLogic® Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced that Hide L. Tanigami, Chairman and Chief Executive Officer of Marubun/Arrow USA, LLC and President and Chief Executive Officer of Marubun USA Corporation, has been named to QuickLogic’s board of directors.

“Hide is a prominent figure in the electronics industry and frequently guides semiconductor companies in doing business between Japan and the United States,” said E. Thomas Hart, QuickLogic’s Chairman, President and CEO. “We are looking forward to gaining the full benefit of his extensive industry knowledge and contacts as QuickLogic continues to expand into mobile markets such as smartphones, portable media players, portable navigation devices and data cards.”

Mr. Tanigami will serve as a Class III director and member of the Nominating and Corporate Governance Committee, with a term that expires on the date of QuickLogic’s Annual Meeting of Stockholders in 2008.

Mr. Tanigami co-founded Catalyst Semiconductor, Inc. and served as its Chairman and Vice President of Corporate Development prior to joining Marubun USA Corporation. In addition to QuickLogic and Marubun/Arrow USA, Mr. Tanigami serves on the board of directors of Ecrio Inc. Mr. Tanigami holds an M.A. degree in applied linguistics from San Francisco State University and a B.A. degree from Kansai University of Foreign Studies.

QuickLogic Announces Termination of SEC Informal Inquiry

Fri, 23 Mar 2007 00:00:00 -0700

QuickLogic Corporation (NASDAQ: QUIK) today announced that the Securities and Exchange Commission (SEC) has formally notified QuickLogic that the SEC informal inquiry related to QuickLogic’s historical stock option granting practices and related accounting has been terminated and that no enforcement action has been recommended to the Commission.

QuickLogic Delivers Ground-Breaking ArcticLink Solution Platform Tailored for the Mobile Market

Mon, 19 Mar 2007 00:00:00 -0700

Fully integrated USB 2.0 High Speed On-the-Go and SD/SDIO/MMC/CE-ATA host controllers provide multiple connectivity options

Programmable fabric supports a diverse suite of additional peripheral connectivity and application processor interfaces for maximum design flexibility

Underscoring its commitment to the mobile electronics market, QuickLogic® Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced an integrated programmable connectivity solution platform targeting mobile devices. The revolutionary ArcticLink™ solution platform reduces design time and risk by embedding high performance controllers, a programmable fabric for implementing additional controllers and peripheral connectivity, as well as a selectable processor interface – all in a single, small form factor low power device.

Market Trend

According to a report published by iSuppli in the fourth quarter of 2006, 764 million handsets will ship in 2010 with USB as the most prevalent local interface – representing 63% of the total worldwide handset shipment. Furthermore, Bluetooth shipments in the handset market are predicted to increase significantly to 679 million units in 2010. Both of these data points underscore the potential ubiquity of both technologies in the mobile market. That being said, engineers tasked with integrating these technologies are not free from the risks associated with designing higher speed wired and wireless connectivity into their mobile platform from a performance, time-to-market and battery life perspective.

“QuickLogic is addressing this very real risk component with a multi-faceted technology approach,” said E. Thomas Hart, QuickLogic’s Chairman, President and CEO. “By offering hardwired, high performance controllers along with the ability to customize with a variety of additional functions, the ArcticLink solution platform addresses our customers’ need for integrated, high performance, yet flexible connectivity solutions to enable the rapid adoption of new technology for their mobile products.”

The ArcticLink solution platform supports emerging mobile applications such as smartphones, portable media players, portable navigation systems, portable industrial products, and ExpressCard peripherals for mobile computing.

Solution Platform Architecture

The hardwired interfaces in the ArcticLink solution platform include a USB 2.0 High Speed On-the-Go (OTG) controller with integrated PHY and a SD/SDIO/MMC/CE-ATA host controller. The USB 2.0 OTG controller supports the maximum USB speed of up to 480 Mbps and can be configured as either a host or a device (OTG). The SD/SDIO/MMC/CE-ATA controller provides a SD card 2.0, SDIO host 2.0, MMC 4.1, or CE-ATA 1.10 compliant peripheral interface at speeds of up to 52 MHz. Other functions, such as PCI, IDE, NAND flash controller, additional SDIO host controllers, SPI, Bluetooth 2.0 UART, display controllers and other custom interfaces, can be implemented in the programmable fabric from QuickLogic’s library of proven solutions. The innovative combination of configurability of the fixed modules and programmability of the fabric makes the ArcticLink solution platform extremely flexible and scalable to the needs of mobile electronic designers.

“The level of integration, low power consumption and flexible architecture of the ArcticLink platform make it a compelling companion solution for Marvell® PXA application and communications processor platforms,” said Gary Forni, Director of Platform Enabling, Cellular Handheld Group at Marvell. “Today's announcement of the ArcticLink platform demonstrates the value of QuickLogic's companion solution strategy in portable electronics. QuickLogic is a key member of the Marvell partner program and we work closely to deliver complete system solutions to our customers.”

Benefits of ArcticLink Solution Platform

The ArcticLink solution platform gives developers the ability to quickly harness a wide variety of technologies to their application processors without reducing CPU performance and utilization. The on-chip programmable fabric can be configured to interface to most application processors. An innovative internal split-bus architecture allows the processor to establish sustained and concurrent data transfers between the various host controllers without further intervention. By freeing the processor from these cycle-intensive I/O processing tasks, the ArcticLink solution platform helps reduce bill of material costs and increase battery life by enabling designers to use lower speed grade, lower cost application processors.

Pricing and Availability

The ArcticLink solution platform is expected to begin sampling during Q2, 2007 and be in full production in Q3, 2007. It is available in both an 8x8mm 121-ball CTBGA and a 12x12mm 196-ball TFBGA lead-free package. The ArcticLink solution platform will sell for less than $4 in high volume in 2008.

QuickLogic Extends SDIO Host Controller Solution to Encompass High Capacity Memory

Mon, 12 Mar 2007 00:00:00 -0700

Ability to handle Secure Digital High Capacity (SDHC) cards with greater than 2 GB capacities

Software driver solution is compatible with existing hardware based IP enabling designers to leverage existing IP

QuickLogic® Corporation (NASDAQ: QUIK), the lowest power programmable solutions leader, today announced that it has enhanced its proven SDIO host controller solution with the ability to handle Secure Digital High Capacity (SDHC) memory cards. The host controller can be implemented in QuickLogic’s PolarPro™ or Eclipse II™ device families and is part of the company’s connectivity companion device solutions that address the needs of handheld system designs.

“Secure Digital has become one of the leading standards for flash memory cards that are widely used in smartphones, personal media players, personal navigation devices and digital cameras,” said Brian Faith, QuickLogic’s Vice President, Solution Marketing. “The recent addition of SDHC to the SD standard really underscores the strong demand for ever increasing storage capacity. Our SDIO host controller solution with SDHC support allows designers to easily connect high capacity SD cards to applications processors.”

Target applications for this solution include high capacity storage for navigation systems that hold maps and point-of-interest databases, digital cameras required to hold images, and camcorders that use solid-state recording media. By extending the functionality of the SDIO host controller, QuickLogic provides designers with a fast track for adding SDHC compatibility to their products.

“Alternative solutions may not be hardware compatible with SDHC, and those that are will still require driver upgrades,” notes Faith. “QuickLogic’s SDHC implementation provides a complete solution, including both a hardware and software driver that can be added to new or existing host controller implementations.” The programmability also allows the host controller solution to be configured for attachment to the customer’s processor of choice and to offer a scaleable number of ports.

Availability

QuickLogic’s SDHC enhancement is available immediately for SDIO host controllers implemented in the company’s PolarPro and Eclipse II families. Contact QuickLogic for information on the supported operating systems.

QuickLogic to Present at the 3rd Annual Winter Technology Conference Hosted by Security Research Associates

Tue, 20 Feb 2007 00:00:00 -0800

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable logic solutions leader, will present at the 3rd Annual Winter Technology Conference Hosted by Security Research Associates in San Francisco on February 26, 2007. Mr. Carl Mills, QuickLogic’s chief financial officer, is scheduled to present. During the presentation, Mr. Mills will provide an overview of the company’s strategy, industry trends influencing its business, and the company’s value proposition. A webcast of the presentation will be available:

Date: Monday, February 26, 2007

Time: 5:30 p.m. ET / 2:30 p.m. PT for the live presentation

Location: On the web at http://ir.quicklogic.com

Replay: Available one hour after the presentation ends and accessible for 90 days.

QuickLogic Tapped for Marvell PXA3xx Smartphone Concept Platform

Mon, 12 Feb 2007 00:00:00 -0800

High performance connectivity to SD Memory Cards, CE-ATA Micro Hard Disk Drives (HDDs) and other SDIO-based peripherals

QuickLogic® Corporation (NASDAQ: QUIK), the lowest power programmable logic solutions leader, today announced that its customizable SD/SDIO/CE-ATA host controller solution is a core component in Marvell’s PXA3xx 3G Smartphone Concept Platform, code-named Dracut, being demonstrated at the 2007 3GSM World Congress in Barcelona, Spain. The platform will aide independent software vendors in developing and evaluating new mobile services as well as serve as a reference design for handset manufacturers.

“We are thrilled to be an integral piece of Marvell’s concept platform,” said Jing Ma, QuickLogic’s director of partnerships and strategic alliances. “Developers now have an opportunity to evaluate our combined solution in operation. With QuickLogic’s integrated low power programmable fabric, handset designers can customize the platform for different end product requirements, features, geographies, and operators.”

Because the configurable SD/SDIO/CE-ATA host controller solution is implemented in QuickLogic’s PolarPro programmable fabric, developers can specify the number and types of host controllers in the final product, enabling a variety of handset design variants to be delivered from the same base hardware and software platform.

Marvell’s Dracut 3G smartphone concept platform is being demonstrated at the 2007 3GSM World Congress in booth CY05 Courtyard Pavilion. Contact QuickLogic directly for additional information on the SD/SDIO/CE-ATA host controller solution.

QuickLogic Adds Unique Key and Serial Number Identification to Programmable Solutions

Mon, 12 Feb 2007 00:00:00 -0800

The option of unique keys and/or serial numbers to be programmed into each device allows for identification, digital rights management (DRM) and data security in applications

“Bulletproof”tamper protection of keys owing to QuickLogic’s patented technology

No power – battery or otherwise – required to sustain keys

QuickLogic® Corporation (NASDAQ: QUIK), the lowest power programmable logic solutions leader, today announced the capability of programming user-customizable, unique keys and serial identification numbers into all devices. These keys and identification numbers conform to a customer-supplied list and can serve as the basis for a variety of content protection standards and algorithms.

“As more copyrighted material is finding its way into mobile devices, protection of this asset is fast becoming a critical requirement to preserve both R&D investments and profitable revenue streams of content providers,” says Brian Faith, QuickLogic’s Senior Director of Marketing. “Most content protection standards require the use of a unique numeric value stored in non-volatile technology somewhere in the system. By programming a unique key or serial number into our programmable solutions, designers can eliminate the need for specialized non-volatile memories, thereby reducing Bill-of-Materials costs and freeing up precious PCB-space.”

This new capability provides designers with the opportunity to incorporate a secure, unique numeric value as long as 256 bits into the programmable fabric. Companies can provide QuickLogic with their list of desired numeric values, and will receive programmed devices in return, each incorporating a unique numeric value from their list.

The numeric value can serve as a serial number for product identification, as a private key for data encryption and content protection algorithms, or any other purpose that requires a unique value in each device.

Unparallel Security

Through a proprietary method for implementing this capability along with QuickLogic’s patented ViaLink® technology, the possibility of “hackers” gaining access to the unique keys and numbers is virtually eliminated. The technology also precludes tampering with the unique, programmed information.

QuickLogic handles all manufacturing and logistical details required to program the user-customizable values into customer devices. This capability is available for solutions based on PolarPro™ and Eclipse™ II technologies for less than 10 cents in volume.

QuickLogic Storage Solution Portfolio Runs the Gamut with Addition of NAND Flash Controller

Mon, 05 Feb 2007 00:00:00 -0800

Enables rapid adoption of NAND Flash into portable systems with application processors lacking NAND interface

Solution supports NAND devices from all major NAND Flash vendors

QuickLogic® Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, today announced the introduction of a full featured NAND Flash memory controller solution for its ultra-low power PolarPro™ and Eclipse™ II families. Architected with direct input from customers in the portable electronic market, the NAND Flash controller solution is designed to interface with a host of application processors used in portable designs, such as the Marvel® PXA2xx and Analog Devices® Blackfin® DSP processor families. This introduction extends the spectrum of QuickLogic’s storage solution portfolio from various versions of micro hard disk drives and SD Card memory to raw NAND Flash.

“NAND Flash memory provides portable systems with non-volatile, high-capacity storage similar to hard disk drives, but with higher reliability, smaller form factors and lower energy consumption than electromechanical solutions,” says Howard Li, QuickLogic’s Senior Marketing Manager for connectivity solutions. “However, some application processors, such as the PXA2xx and the BF5xx, do not have native support for NAND Flash. QuickLogic’s NAND Flash solution provides the controller functionality in silicon, achieving higher system performance and much lower CPU utilization than software-based alternatives.”

Based on QuickLogic’s patented, ultra-low power programmable technology, the NAND Flash solution is ideal for handheld systems needing to add Flash file storage. The implementation can operate with as little as 20 mA at 1.8V and can provide throughput as fast as 12 Mbytes/sec while reading and 10 Mbytes/sec while writing. The low CPU utilization enables designers of these systems to use less costly speed grades of the application processor and consume less energy, optimizing for both Bill-of-Materials (BOM) cost and battery life.

Key Features

QuickLogic’s NAND Flash solution incorporates key features required to ease the design of portable electronic systems. The solution supports automatic 1-bit error correction, 2-bit error detection, hardware sector buffering, marking of bad blocks, and registers for implementation of wear leveling algorithms.

The NAND Flash solution supports glueless connectivity to the application processor, using a 16- or 32-bit local bus, and handles one x8 Flash device or two x8 devices in parallel. Both large and small block Flash devices from leading flash vendors such as Samsung and Toshiba may be used with the NAND Flash solution. Software drivers are available for both Linux and WinCE.

Price and Availability

QuickLogic’s NAND Flash controller solution can be implemented in PolarPro technology for $2 in high volume.

QuickLogic Announces Fiscal 2006 and Fourth Quarter Results — New Products Contribute 20% of 2006 Revenue

Wed, 31 Jan 2007 00:00:00 -0800

Note to Editors: Download Financial Tables

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2006.

Revenue for 2006 was $34.9 million, down 28 percent from $48.3 million in 2005. The change in revenue was primarily due to the Company’s pASIC® 1 and pASIC 2 end-of-life program, which was partially offset by revenue growth from new products. These new products – Eclipse™ II, QuickPCI® II, PolarPro™ and QuickMIPS – contributed 20 percent of revenue in 2006, compared with four percent of revenue in 2005.

Under generally accepted accounting principles (GAAP), the 2006 net loss was $9.2 million, or $0.32 per share, compared with net income of $2.4 million, or $.08 per diluted share, in 2005. On a non-GAAP basis, the 2006 net loss was $7.7 million, or $0.27 per share, compared with net income of $3.9 million, or $0.14 per diluted share, in 2005.

Revenue for the fourth quarter of 2006 was $7.7 million, compared with $10.3 million in the fourth quarter of 2005 and $8.6 million in the third quarter of 2006. New products contributed 18 percent of revenue in the fourth quarter of 2006, compared with 12 percent of revenue in the fourth quarter of 2005 and 27 percent of revenue in the third quarter of 2006. For the first time, Aeroflex Incorporated reported royalty revenue to the Company, based on the sale of Aeroflex products which utilize QuickLogic’s ViaLink® technology. Royalties contributed nine percent of fourth quarter revenue.

Under GAAP, the net loss for the fourth quarter of 2006 was $3.3 million, or $0.12 per share. This compares with a net loss of $456,000, or $0.02 per share, in the fourth quarter of 2005 and with a net loss of $3.0 million, or $0.10 per share, in the third quarter of 2006.

On a non-GAAP basis, the net loss for the fourth quarter of 2006 was $3.0 million, or $0.11 per share, compared with a net loss of $456,000, or $0.02 per share, in the fourth quarter of 2005 and with a net loss of $2.6 million, or $0.09 per share, in the third quarter of 2006.

QuickLogic reports net income, or loss, in accordance with GAAP and also on a non-GAAP basis to highlight infrequent or non-recurring charges. Non-GAAP results, where applicable, exclude stock-based compensation recorded in accordance with Statement of Financial Accounting Standards (SFAS) No. 123(R), “Share-based Payment,” the write-off of long-lived assets and write-downs of the Company’s investment in Tower Semiconductor Ltd.

“In the short term, our new product revenue is fluctuating with the demand of a few customers,” said E. Thomas Hart, chairman, president and CEO. “However, there continues to be strong interest in our low-power solutions, coupled with higher activity with Marvell Semiconductor, our embedded processor partner. We are focused on turning this interest into a significant customer base. We fully expect to expand our new product customer base this year.”

Conference Call

QuickLogic will hold a conference call at 2:30 p.m. Pacific Time today, January 31, 2007, to discuss the fiscal year and fourth quarter financial results. The conference call is being webcast and can be accessed via QuickLogic’s website at www.quicklogic.com/investors. To participate, please call (913) 981-5545 by 2:20 p.m. Pacific Time. A recording of the call will be available starting one hour after completion of the call. To access the recording, please call (719) 457-0820 and reference the pass code: 1249985. The call recording will be archived until February 7, 2007 and the webcast will be available for 12 months.

Non-GAAP Financial Measures

QuickLogic reports financial information in accordance with generally accepted accounting principles (GAAP), but believes that non-GAAP financial measures are helpful in evaluating its operating results and comparing its performance to comparable companies. Accordingly, the Company excludes charges related to stock-based compensation, the effect of the write-off of long-lived assets and write-downs of the Company’s investment in Tower Semiconductor Ltd. in calculating non-GAAP (i) income (loss) from operations, (ii) net income (loss), (iii) net income (loss) per share, (iv) cost of revenue, and (v) certain operating expenses, including research and development and selling, general and administrative. The Company provides this non-GAAP information to enable investors to evaluate its operating results in a manner similar to how the Company analyzes its operating results and to provide consistency and comparability with similar companies in the Company’s industry. Investors should note, however, that the non-GAAP financial measures used by the Company may not be the same non-GAAP financial measures, and may not be calculated in the same manner, as that of other companies. The Company does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures alone or as a substitute for financial information prepared in accordance with GAAP. A reconciliation of GAAP net income (loss) to non-GAAP net income (loss) is included in the financial statements portion of this release. Investors are encouraged to review the related GAAP financial measures and the reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures.

QuickLogic Receives Final Decision for Continued Listing on the Nasdaq Global Market

Thu, 18 Jan 2007 00:00:00 -0800

QuickLogic Corporation (NASDAQ: QUIK) announced today it has received a decision from the Nasdaq Listing Qualifications Panel (“the Panel”) dated January 12, 2007 confirming the continued listing of the Company’s securities on The Nasdaq Global Market. The Panel determined that the Company has fully complied with the requirements for continued listing set out by the Panel in a letter sent to the Company on December 13, 2006 and has otherwise demonstrated compliance with all Nasdaq Marketplace Rules.

QuickLogic Introduces Small Form Factor Packaging for Space Constrained Handheld Electronics

Wed, 17 Jan 2007 00:00:00 -0800

Ultra low-power PolarPro and Eclipse II FGPAs now available in 6x6 mm and 8x8 mm packages with up to 196 balls

Optimized solution for space and power constrained applications

QuickLogic® Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, today announced that devices in the PolarPro™ and Eclipse™ II FPGA families are now available in 6x6 mm and 8x8 mm small form factor packages. The advanced packaging meets the aggressive requirements of handheld electronics integrating storage, wireless, mobile TV and other emerging technologies.

The PolarPro family members, QL1P075, QL1P100, QL1P200 and QL1P300 and the Eclipse II QL8150 are available in 8x8 mm packages while the Eclipse II QL8050 is packaged in a 6x6 mm package. Designers using these new small form factor packages can not only optimize the overall system cost and battery life, but they also benefit greatly by integrating more functionality into significantly less board space. Both the QuickWorks® 9.8.2 design tools and System General programming tools support these new packages.

“Handheld device manufacturers continue to have time-to-market, cost, battery life and PCB area constraints. QuickLogic continues to deliver innovative solutions that solve these fundamental challenges” said Brian Faith, QuickLogic’s Senior Director of Marketing. “In short, we’ve made it our goal to address the critical issues of the portable designer.”

For further technical information, please visit the product pages at www.quicklogic.com/polarpro or www.quicklogic.com/eclipseII to find the specific FPGA solution to your portable design challenges.

QuickLogic Files Form 10-Q for the Third Quarter of 2006

Wed, 10 Jan 2007 00:00:00 -0800

QuickLogic Corporation (NASDAQ: QUIK) announced today that it has filed its quarterly report on Form 10-Q for its fiscal third quarter ended October 1, 2006. Today’s filing fulfills the requirements set out by the Nasdaq Listing Qualifications Panel (“the Panel”) in their decision received on December 13, 2006 allowing QuickLogic’s securities to continue to be listed on The Nasdaq Global Market. QuickLogic anticipates receiving notification that the matter has been closed by the Panel in the near future. A complete copy of the Form 10-Q filing can be obtained at the investor relations section of the QuickLogic web site at www.quicklogic.com.

“We are pleased to have completed the internal review of our stock option granting practices and related accounting and to have filed our quarterly reports with the SEC,” said E. Thomas Hart, chairman, president and CEO. “This filing now brings us current with the SEC’s and NASDAQ’s filing requirements. With this review successfully behind us, we look forward to holding a full earnings conference call at the end of January to discuss the fourth quarter financials and our progress in becoming the market leader in providing the lowest power programmable logic solutions.”

QuickLogic to Showcase New Solution Demos at Consumer Electronics Show (CES) in Las Vegas

Mon, 08 Jan 2007 00:00:00 -0800

QuickLogic® Corporation (NASDAQ:QUIK) will be showcasing a large selection of CE demos based on QuickLogic solutions during the CES show in Las Vegas, Jan 8-11, 2007. Please visit QuickLogic’s suite at the Circus Circus Hotel and Casino. To register for a specific time to visit QuickLogic’s private suite 1544, please go to: www.quicklogic.com/ces

QuickLogic Demos Overview

The QuickLogic suite features end product demos and reference platforms that use the company’s latest solutions, ideal for portable, convergent CE products requiring wireless connectivity, mass storage and digital TV. Examples of such products include Smartphones, Portable Media Players, Portable Navigation Devices, PDAs, and Gaming Systems. For designers looking for a cost-efficient, system-verified solution for CE products without negatively impacting their power budget, QuickLogic solutions, based on PolarPro™ and Eclipse® II technology, are optimized for long battery life, enhanced user experience and small form factor.

Demos shown in the QuickLogic suite includes:

Smartphone Reference Platform

CE-ATA Hard Disk Drive (HDD) / SDIO/ SD Card Solution - This reference platform integrates high performance CE-ATA and SDIO host controllers for the Marvell® PXA3xx application processors for connectivity to a variety of storage and wireless technologies.
TV-Out Solution with XY Swap Capability – The emerging requirement for Smartphones to support the TV-Out function with simultaneously active landscape and portrait displays is enabled by this QuickLogic solution. Support for both NTSC and PAL displays is possible through the solution’s active framerate control management.

Portable Media Player (PMP) Demo

The first PMP reference platform supports broadband 3G connectivity via HSDPA, multimedia storage via an integrated HDD, and wireless distribution of media content via UltraWideBand technology. QuickLogic’s companion solution for the Marvell® PXA270 application processor enables the critical communication link to the HDD and the wireless modules.
A second PMP platform is based on an Analog Devices Blackfin® DSP, and plays back multimedia content stored from an SD Card memory. QuickLogic’s companion device for the Blackfin® family of DSPs enables high performance connectivity to the SD memory card – critical to storing and playing high quality audio/video content.

Portable Navigation Devices

Magellan® GPS system – QuickLogic’s HDD companion solution connects the Marvell® PXA270 application processor to the external HDD. The QuickLogic solution not only solves the fundamental connectivity issue, but with an elegant DMA algorithm, also reduces the processor bus utilization resulting in an enhanced user experience.

Other Demos

Alioth customer product demonstration- QuickLogic’s HDD Solution is used to display movie content at kiosks in real time. This demo shows a completeapplication processor and HDD solution, based on the Marvell® PXA270. QuickLogic provides a drop-in IDE system solution including Linux drivers.
Marvell® Mainstone DVK demonstration with Wireless LAN, PCI and IDE Solution – QuickLogic’s companion solution communicates between the Marvell® PXA270 processor, a WLAN module, and a HDD.
Low Power Demo Board – If you are searching for the lowest power FPGA, this demo platform leaves no doubt that QuickLogic’s PolarPro technology is second to none in power consumption, providing designers of portable CE equipment a programmable platform ideal for solving IO and Data processing challenges, while preserving precious battery life.

The Cold Hard Facts about Low Power Programmable Logic

Wed, 27 Dec 2006 00:00:00 -0800

QuickLogic’s power comparison resource package includes a low power video, demo platform, white paper and micro site

Demo platform compares leading low power programmable logic from QuickLogic, Xilinx, Altera and Lattice

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, today announced its “Power Comparison Resource Package” that includes a low power programmable logic video, power comparison demo platform, a white paper created by a third-party consultant and a micro website. The purpose of this package is to help designers compare FPGAs and CPLDs between the leading vendors in order to make the best decisions based on design power constraints and requirements.

QuickLogic contracted a third party to study the design issues around low power FPGA and CPLD technology and author a white paper describing different architectures. The white paper presents actual board-level test data comparing each vendors’ “low power” programmable logic, including details on why and when different architectures will consume excessive amounts of power. The data includes in-rush current at device start-up together with static, dynamic and idle-mode power consumptions during normal operation.

The demo platform video clip and the power consumption white paper are available at no cost and can be downloaded from www.quicklogic.com/powerdemo

The demo platform can also be viewed live at the Consumer Electronics Show (CES) in Las Vegas, NV from January 8 to January 11, 2007 at the QuickLogic Demo Suite at the Circus Circus Hotel. To register please go to http://www.quicklogic.com/cesdemo

“The need to quickly and easily integrate more functionality within ever-decreasing board space, power budgets and market windows drives designers of portable electronics towards using flexible, low power programmable logic solutions,” said Brian Faith, QuickLogic’s Senior Director of Marketing. “However, selecting the right programmable logic isn’t easy and low power claims are often that—just claims. With our Low Power Programmable Logic Comparison Package, we’ve taken the guesswork out of comparing devices so designers can focus on design and not on creating comparison metrics or trying to sort through oft-times confusing data sheets.”

QuickLogic Completes Internal Stock Option Review and Files Form 10-Q for the Second Quarter

Fri, 22 Dec 2006 00:00:00 -0800

QuickLogic Corporation (NASDAQ: QUIK) today announced that it has completed its internal stock option review and filed its quarterly report on Form 10-Q for the fiscal second quarter ending July 2, 2006. The Form 10-Q includes a description of the Company's internal review of stock option accounting and related practices and its findings, including the following summary:

Under the direction of the Audit Committee of the Board of Directors, the Company voluntarily initiated and has now concluded an internal review of the Company’s historical stock option granting practices and related accounting for the period from October 15, 1999, the date of its initial public offering, through July 28, 2006. The review was initiated by the Audit Committee in response to media attention about stock option practices at other companies. The Company did not find any systematic or pervasive practices to account for stock options in a manner inconsistent with generally accepted accounting principles (“GAAP”) or the Company’s stated policies and procedures. However, based on the results of the review and the Company’s analysis of the facts, the Company determined that there were certain errors committed in the process of documenting grants and accounting for stock options associated with measurement dates, grants prior to meeting the definition of an employee under GAAP, non-employee grants, modification of options and previously reported deferred stock compensation charges. A total pre-tax stock-based compensation charge of $964,000 is associated with these identified errors that should have been reported in previously issued consolidated financial statements had they been identified in the proper period. After considering all of the quantitative and qualitative factors in accordance with Staff Accounting Bulleting No. 99, “Materiality,” the Company determined that these adjustments were not material to any prior year and, thus, the Company has not restated its consolidated financial statements for prior periods. However, given that the effect of correcting these errors in 2006 would cause the 2006 consolidated financial statements to be materially misstated, the Company concluded that the cumulative effect adjustment method of initially applying the guidance of SEC Staff Accounting Bulleting No. 108, “Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements,” was appropriate. Accordingly, the cumulative effect of the adjustment was reflected as an increase to the carrying amount of additional paid-in capital as of January 1, 2006, with an offsetting entry to accumulated deficit.

Additional information concerning the review is included in our quarterly report on Form 10-Q filed with the Securities and Exchange Commission earlier today.

Today’s filing of QuickLogic’s quarterly report on Form 10-Q for the second quarter of 2006 was made in conformance with an extension of time to complete and file its required periodic reports granted by the Nasdaq Listing Qualifications Panel (“the Panel”). Pursuant to a decision letter from the Panel received on December 13, 2006, QuickLogic’s securities will continue to be listed on The Nasdaq Global Market, subject to: (i) filing on or before December 22, 2006 the Company’s quarterly report on Form 10-Q for the period ending July 2, 2006, which filing has been made; (ii) providing the Nasdaq Hearing Department with certain other requested information on or before December 22, 2006, which information has been provided; and (iii) filing on or before January 12, 2007 the Company’s quarterly report on Form 10-Q for the period ending October 1, 2006. Although the Company has satisfied or expects to satisfy each of these conditions on or before the required dates, there can be no assurance that QuickLogic will remain listed on The Nasdaq Global Market unless and until the Company fully satisfies the terms and conditions of the Panel’s decision.

QuickLogic Delivers SDIO and CE-ATA Solutions for Marvell PXA3xx Processor Family

Wed, 29 Nov 2006 00:00:00 -0800

QuickLogic’s low power connectivity solutions provide fast time to market and design flexibility for handheld consumer electronics applications

QuickLogic Corporation (NASDAQ: QUIK), a low power programmable logic leader, today announced the availability of ultra-low power connectivity solutions between SDIO and CE-ATA-based peripherals and Marvell’s newest generation PXA3xx processor family. The solutions have been system-proven through a QuickLogic daughter board connecting to a Sophia Systems Marvell® PXA3xx-based evaluation board.

The QuickLogic solutions are based on PolarProTM FPGA technology, and integrate high performance host controllers for the Marvell PXA3xx embedded microprocessors, and SDIO and/or CE-ATA peripherals and/or any SD memories. The inherent benefits of PolarPro FPGAs include fast design times, design flexibility, increased battery life, reduced board space and a high rate of successful first-time designs. These attributes are critical for components designed into the high-performance, low-power target applications for the PXA3xx processors such as smart phones and portable game/media players.

“We are delighted to collaborate with Marvell and deliver peripheral connectivity solutions in conjunction with the new processor announcement” said Brian Faith, QuickLogic’s Senior Director of Marketing. “This gives our mutual customers a competitive edge when introducing new products since they can now avoid the lengthy design times needed for implementing such critical functions in media rich handheld mobile products.”

“Today’s announcement highlights QuickLogic’s commitment to continuously deliver solutions for Marvell’s application processors,” said Marvell’s Gary Forni, Director of Platform Enabling, Cellular and Handheld Business Unit, Communications and Consumer Business Group at Marvell. “We are delighted to have QuickLogic solutions help us extend our reach to standard peripherals such as HDD, Wi-Fi, SD Card, and Mobile TV for the PXA3xx family of application processors. QuickLogic provides hardware-proven solutions allowing customers to quickly define and develop high-quality products without spending significant time verifying peripheral interfaces.”

About PolarPro FPGAs

The PolarPro FPGAs features include a Very Low Power (VLP) mode in which the device draws less than 5μA of standby current, a level never before seen for FPGAs of this density. The VLP mode also retains the state of the device, including IOs, which greatly simplifies system design. The PolarPro family of devices includes a highly flexible embedded RAM block with built in FIFO controller logic, which enables fast guaranteed performance and cost effective implementations. For additional technical details on the PolarPro family of FPGAs, go to www.quicklogic.com/polarpro.

QuickLogic Receives Nasdaq Notice Regarding Delayed Filing of Form 10-Q

Mon, 20 Nov 2006 00:00:00 -0800

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, today announced that it received a Nasdaq Staff Determination notice on November 14, 2006 stating that the Company is not in compliance with the requirements for continued listing under Nasdaq Marketplace Rule 4310(c)(14) because it has not timely filed its Quarterly Report on Form 10-Q for the quarter ended October 1, 2006, and that its securities are, therefore, subject to delisting from the Nasdaq Global Market. The Company previously announced it received a Staff Determination Letter because it has not timely filed its Quarterly Report on Form 10-Q for the quarter ended July 2, 2006.

As disclosed in its October 25, 2006 press release, the Company’s internal review of stock option practices and related accounting has not been completed. Accordingly, the Company will file its quarterly reports on Form 10-Q for the second and third fiscal quarters once the review is complete. The Company will make every effort to complete its review and provide full financial results as soon as practicable.

QuickLogic had a hearing with the Nasdaq Qualifications Listing Panel on September 26, 2006 and has not received a decision from the Panel. The November 14, 2006 Nasdaq Staff Determination notice indicated that the Nasdaq Listing Qualification Panel will also consider the not timely filed third quarter report in rendering a determination regarding the Company’s continued listing on The Nasdaq Global Market. QuickLogic will present its views with respect to this matter to the hearing panel. Pending a decision by the hearing panel, QuickLogic’s common stock will remain listed on The Nasdaq Global Market. However, there can be no assurance that the hearing panel will grant the Company’s request for continued listing.

Andrew J. Pease to Lead QuickLogic’s Global Sales Force

Tue, 14 Nov 2006 00:00:00 -0800

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, today announced that Andrew J. Pease has joined the company as vice president of world wide sales. With an impressive track record spanning over 20 years, Pease will be responsible for executing QuickLogic’s lowest power programmable logic solutions strategies and leading all of the company’s sales activities.

Pease comes to QuickLogic from Broadcom Corporation, a global leader in semiconductors for wired and wireless communications, where he was senior vice president of world wide sales for three years. During his tenure there he drove 37% annual revenue growth and significant customer base expansion. Prior to that, he held the same title at Syntricity Incorporated, Vantis Corporation and Integrated Systems Incorporated. He has also held various sales and operations roles at Advanced Micro Devices and Data Trak. Pease holds a master’s degree in Computer Science from the Naval Postgraduate School in Monterey and a Bachelor’s degree in Operational Analysis from the U.S. Naval Academy.

“Andy’s strong background and experience in semiconductor sales and sales leadership will be key to both shaping and achieving QuickLogic’s vision of becoming the market leader in providing the lowest-power programmable logic solutions,” said Tom Hart, Chairman, President and CEO. “Andy’s leadership talents and his long list of achievements will serve as an excellent foundation on which we expect to build a market leadership position as QuickLogic continues to expand its penetration into hand-held, battery powered “prosumer” products such as Smartphones, Portable Media Players (PMPs), Personal Navigational Devices (PND) and Portable Industrial devices, where fast time to market with reduced risk, energy efficiency and small footprint are becoming critical for their success.”

QuickLogic to Present at the AeA Classic Financial Conference on November 7 – 8, 2006

Thu, 02 Nov 2006 00:00:00 -0800

QuickLogic® Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, will present at the AeA Classic Financial Conference in Monterey, California on November 7th and 8th. Mr. E. Thomas Hart, QuickLogic chairman, president and CEO, is scheduled to present on both days. During the presentation, Mr. Hart will provide an overview of the company’s strategy, industry trends influencing its business, and the company’s value proposition. A webcast of the presentation will be available:

Date: Wednesday, November 8, 2006

Time: 2:00 p.m. ET / 11:00 a.m. PT for the live presentation

Location: On the web at ir.quicklogic.com

Replay: Available one hour after the presentation ends and accessible for one year.

QuickLogic Announces Third Quarter Revenue — New Products Contribute 27% of Revenue

Wed, 25 Oct 2006 00:00:00 -0700

Note to Editors:Download Financial Tables

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, today announced its revenue results for the third quarter ended September 30, 2006. Additional financial results for the third quarter will be available as soon as practicable after the Company’s internal review of historical stock option practices and related accounting is completed.

Revenue for the third quarter of 2006 was $8.6 million, down seven percent compared with the second quarter of 2006, and down 32 percent compared with the third quarter of 2005. The year-over-year change in revenue was primarily due to both the Company’s pASIC 1 and pASIC 2 end-of-life program and to reduced sales for specific military applications, which was partially offset by revenue growth from its new products. These new products – Eclipse II, QuickPCI II, PolarPro and QuickMIPS – contributed 27 percent of revenue in the third quarter of 2006, compared with 25 percent of revenue in the second quarter of 2006 and four percent of revenue in the third quarter of 2005.

The Company also reported that the historical financial impact of its previously announced internal review of stock option practices and related accounting is not yet known. The Company will not announce its full financial results nor file its quarterly reports on Form 10-Q for the third quarter ended September 30, 2006 or the second quarter ended June 30, 2006 until after the completion of the review. The Company will make every effort to complete its review and provide full financial results as soon as practicable. Company executives will refrain from commenting further until the review is concluded.

“New product revenue grew in the third quarter to be 27 percent of total revenue. While we are disappointed with our total revenue results, we continue to be confident in our future due to customer response to the compelling advantage of our lowest-power solutions,” said E. Thomas Hart, chairman, president and CEO. “In addition, we finished the quarter with a cash position of $29.8 million.”

Conference Call

QuickLogic will hold a conference call at 2:30 pm Pacific Time today, October 25, 2006, to discuss the third quarter revenue results. The conference call is being webcast and can be accessed via QuickLogic’s website at ir.quicklogic.com. To participate, please call (913) 981-4900 by 2:20 p.m. Pacific Time. A recording of the call will be available starting one hour after completion of the call. To access the recording, please call (719) 457-0820 and reference the pass code: 2103410. The call recording will be archived until November 1, 2006 and the webcast will be available for 12 months.

E.Thomas Hart, Chairman, President and CEO of QuickLogic Corporation Is Finalist for World Technology Award

Tue, 24 Oct 2006 00:00:00 -0700

The World Technology Network (WTN) today announced that E. Thomas Hart, chairman, president and chief executive officer of QuickLogic Corporation, has advanced to the finalist list as a nominee for a 2006 WTN Award, presented by the World Technology Network in association with the New York Stock Exchange, Dow Chemical, TIME magazine and CNN, among others. Mr. Hart joins eight other distinguished Fellows in the IT Hardware category, who are eligible to win this year’s award.

Winners will be announced Nov. 3, 2006, at the World Technology Awards gala ceremony at The Fairmont hotel in San Francisco at the conclusion of the two-day WTN Summit. The World Technology Award honors individuals and corporations from twenty technology-related sectors, including biotechnology, space, energy, ethics, design and entertainment. Nominees were identified based on an intensive, global selection process by the nomination and review committee, which is comprised of approximately 1,000 WTN members from more than 60 countries.

"It is an honor to be nominated by industry luminaries for the IT Hardware category of the 2006 World Technology Awards,” said E. Thomas Hart, chairman, president and CEO of QuickLogic. “I am proud of the work our team has done here at QuickLogic in creating disruptive technology that can dramatically increase battery life while reducing cost, risk and time to market for portable consumer electronics devices.”

“The World Technology Awards program is not only a very inspiring way to identify and honor the most innovative people and organizations in the technology world, but it also is a truly disciplined way for the WTN membership to identify those who will formally join them, as WTN Fellows, as part of our global community,” said James P. Clark, founder and chairman of the World Technology Network. “By working to make useful connections among our members, we look forward to assisting Mr. Hart in his continued efforts to create our collective future and change our world."

This year’s Summit will also include a Chief Technology Officers (CTO) Showcase, enabling a small selection of companies to discuss their work in detail with Summit delegates. For more information on the World Technology Network, World Technology Awards and World Technology Summit, please visit this website: www.wtn.net

About World Technology Network

The World Technology Network is a New York-headquartered organization that was created to "encourage serendipity" - happy accidents - amongst those individuals and companies deemed by their peers to be the most innovative in the science and technology world. The WTN's areas of interest range from IT and communications to biotech, energy, materials, space, as well as related fields such as finance, marketing, policy, law, design, and ethics. Each year, WTN members are brought together through an ongoing global series of regional roundtables, global Summits, and other events. In 2004, the WTN also convened the World Energy Technologies Summit at UNESCO headquarters in Paris. The WTN also publishes "WTN Update”, a monthly collection of news items covering the innovative work of the WTN members. The central events in the WTN calendar include the annual World Technology Summit and World Technology Awards - the culmination of a global judging program through which new members are nominated and selected and by which the network grows and is refreshed.

About E. Thomas Hart

E. Thomas Hart has served as QuickLogic President, Chief Executive Officer and a member of the Board of Directors since he joined QuickLogic in June 1994, and as Chairman of the Board since April, 2001. Prior to joining QuickLogic, Mr. Hart was Vice President and General Manager of the Advanced Networks Division at National Semiconductor Corporation, a semiconductor manufacturing company, where he worked from September 1992 to June 1994. Mr. Hart’s earlier experience includes senior level management responsibilities in semiconductor operations, engineering, sales and marketing with several companies including Motorola Semiconductor , and National Semiconductor. Mr. Hart retired from the United States Navy, with the rank of Captain, after serving 37 years on active and reserve duty, the last 28 years of which were in the Naval Intelligence community. Mr. Hart holds a B.Sc. in Electrical Engineering from the University of Washington.

QuickLogic Announces Q3 FY2006 Revenue Results Conference Call

Mon, 16 Oct 2006 00:00:00 -0700

QuickLogic Corporation (Nasdaq:QUIK), the lowest power programmable logic leader, has scheduled a conference call to discuss the company's revenue results for its third quarter 2006 on Wednesday, October 25th, 2006, at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time.

QuickLogic Corporation will issue a news release announcing the company's third quarter 2006 revenue results at approximately 1:00 p.m. Pacific Time / 4:00 p.m. Eastern Time on October 25th, 2006. The conference call can be accessed via QuickLogic's website at ir.quicklogic.com. For access to the live conference call, please call (913) 981-4900 by 2:20 p.m. Pacific Time on October 25th, 2006. A recording of the call will be available starting one hour after the completion of the call. To access the recording, please call (719) 457-0820 and reference the passcode: 2103410. The call recording will be archived until November 1st, 2006 and the webcast will be available for 12 months.

QuickLogic PolarPro: Leader in Lowest Power FPGAs in Production

Wed, 04 Oct 2006 00:00:00 -0700

300,000 logic gates with Embedded SRAM at 5μAmps available in production quantities today

On schedule production release of two new PolarPro devices establishes QuickLogic’s commitment to bring product to market quickly

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, today announced they have broken new ground in FPGA power consumption with the PolarPro QL1P300 and QL1P200. These 300,000 and 200,000 gate devices with embedded SRAM have been sampling since June 2006 and are now available in fully qualified, production quantities.

These devices are the third and fourth members of the PolarPro family of FPGAs reaching full production status, joining the QL1P075 and QL1P100, announced in May 2006. By combining the flexibility and fast development times of FPGAs with ASIC-like density and very low power consumption, the QL1P200 and QL1P300 create solutions for consumer electronics products such as Smartphones, Personal Media Players (PMPs), portable navigation devices, and industrial handheld products.

To address the critical issue of integrating more peripherals, such as hard disk drives, Wi-Fi chipsets and Mobile TV chipsets, into handheld products, while minimizing energy consumption, PolarPro FPGAs provide engineers with advanced energy-savings techniques. Both the QL1P200 and QL1P300 have a “clock gate” feature allowing designers to directly disconnect the clock trees in the PolarPro device on the fly without having to worry about “glitches” or “runt clocks.” As a result, engineers can implement efficient clock management schemes and lower the dynamic power consumption significantly.

“QuickLogic continues to supply the industry with the leading FPGAs for consumer applications by combining the critical features of low power, high performance and high density,” said Brian Faith, QuickLogic’s Senior Director of Marketing. “Our ultra low-power products extend battery life by as much as 4x giving our customers a significant advantage over their competitors.”

Technical Highlights

The QL1P300 and QL1P200 features include a Very Low Power (VLP) mode in which the device draws less than 5μA of standby current, a level never before seen for FPGAs of this density. The VLP mode also retains the state of the device, including IOs, which greatly simplifies system design. The PolarPro family of devices includes a highly flexible embedded RAM block with built in FIFO controller logic, which enables fast guaranteed performance and cost effective implementations. For additional technical details on the PolarPro family of FPGAs, go to www.quicklogic.com/polarpro.

Software Support

The QL1P200 and QL1P300 are supported in QuickWorks 9.8.2 available for download from www.quicklogic.com/downloads

Availability and Pricing

The QL1P300 and QL1P200 is now in production and is packaged in a 17x17, 256 balls Thin Fine-pitch Ball Grid Array (TFBGA). Pricing starts at $5 in high volume quantities. For additional information, please visit www.quicklogic.com/polarpro.

QuickLogic Launches Complete Programmable CE-ATA Solution at Intel Developer Forum

Tue, 26 Sep 2006 00:00:00 -0700

QuickLogic delivers the only proven programmable CE-ATA storage solution to the consumer electronics market

QuickLogic Companion Devices provide CE-ATA support for a variety of low power embedded processors, including the PXA270 and Intel Monahans Platform family

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable logic leader is co-sponsoring the CE-ATA booth at the Intel® Developer Forum (IDF) September 26-28 in San Francisco. Please visit booth #1002 to view the QuickLogic demo showcasing a complete programmable CE-ATA solution.

QuickLogic’s broad range of small form factor FPGAs and companion devices address the handheld market by providing a complete solution including system-proven silicon and intellectual property, WinCE and Linux software drivers, reference designs, development boards and QuickLogic’s renowned design services. These companion devices based on the lowest power, production-released family of PolarProTM FPGAs, enable consumer electronics designers to decrease system cost and design times while providing the key advantages of flexibility, increased battery life, and uncompromised performance.

“QuickLogic's complete programmable CE-ATA solution enabled us to bring innovative products to the consumer electronics market in a very fast, energy efficient, and cost-effective manner,” said Ian Murphy, Technical Director at PlexTek, an electronics design services company based in the UK. “Its flexibility allowed us to integrate custom
functions and interface logic for the embedded processor of our choice. I am very pleased with the close collaboration and support we have received from QuickLogic's Design Services and customer support team. Their demonstrated expertise in handheld applications enables our products to be delivered to market on time and on budget.”

The CE-ATA solution is being demonstrated on the Intel PXA Development Kit, with a QuickLogic Mobile Application Board interfacing with a Hitachi CE-ATA Hard Disk Drive through a SDIO to CE-ATA adapter, and Linux drivers from embWiSe Technologies, Pvt., Ltd. “We believe that IDF attendees will be impressed with the complete CE-ATA solution from QuickLogic,” said Howard Li, Sr. Marketing Manager for Connectivity Solutions at QuickLogic. “We have worked closely with our partners to create a strong ecosystem around CE-ATA. By doing so, QuickLogic is able to deliver the only proven programmable turnkey CE-ATA solution available to the market today.”

“We are privileged to have a synergistic business association with QuickLogic,” said Srini G. Srinivasan, Managing Director of embWiSe. “With its PolarPro and Eclipse II™ ultra low power FPGAs and IP portfolio for mobile connectivity and storage, QuickLogic offers a compelling solution for mobile and handheld applications. Our Linux SD/SDIO/MMC/CE-ATA software stack already has several design-ins in the mobile communications and mobile CE markets. We have achieved a high Read/Write performance with our stack on QuickLogic’s Mobile Application Board and tested with the CE-ATA hard drive from Hitachi. We are positive that our collaborative hardware-software solutions will offer a significant value-add to customers, in terms of reduced engineering and time-to-market costs, in addition to longer battery life.”

For more information about QuickLogic’s storage solutions, please visit www.quicklogic.com/hdd, and for more information on QuickLogic’s ultra low power FPGAs, please visit www.quicklogic.com/lowpower.

QuickLogic Adds DVD ROM Support to Its Programmable IDE Companion Device

Mon, 25 Sep 2006 00:00:00 -0700

The IDE Companion Device provides control and interface functionality for mass storage adoption in portable electronics

Enhanced companion device now supports simultaneous DVD ROM and Hard Disk Drive capability at greater than 13 MB/s throughput

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, today announced native DVD ROM support for its IDE companion device. Based on QuickLogic’s ultra-low power programmable technology, the IDE companion device provides control and interface capability between embedded processors and both IDE-based Hard Disk Drives (HDDs) and DVD ROM drives. Additionally, the IDE companion device now supports dual IDE/ATA-based devices with one master and one slave that can simultaneously interface to one DVD ROM and one HDD.

There are multitudes of popular, low power embedded processors designed into handheld, battery-powered applications; however, many do not provide a native interface to standard storage peripherals such as IDE-based HDDs or DVD ROM drives. QuickLogic, with its integrated IDE controller, provides an easy-to-implement, energy-efficient solution.

“The gaming and movie industries have created tremendous demand for DVD ROM drives in computers, portable multimedia players and other portable video game consoles,” said Brian Faith, Senior Director of Marketing of QuickLogic. “To address the demand for these types of high volume consumer electronic products and to provide increased flexibility for designers of these systems, we have expanded the functionality of our IDE companion device so that our customers can design for both HDD and optical drives simultaneously.”

The embedded IDE controller can perform transfers to or from an IDE/ATA-based HDD and DVD-ROM in any of the PIO modes (0, 1, 2, 3 or 4). In addition, HDDs can also be accessed using Multi-Word DMA modes (0, 1, or 2). This IDE companion device has integrated bi-directional sector buffers, which directly contributes to a demonstrated performance of greater than 13MBytes/s data transfers. The IDE/ATA timing and registers are completely handled by the QuickLogic device, further reducing the processor’s bus utilization and enabling more energy-efficient operation.

Pricing and Availability

The IDE and DVD-ROM controller and Windows® CE software drivers are available now with unit pricing starting at $5. More information on this solution can be found at www.quicklogic.com/hdd. The Mobile Application Board that supports this IDE companion device is also available now, and is currently priced at $999. For more information on the MAB, visit www.quicklogic.com/mab.

QuickLogic to Present at the A.G. Edwards Emerging Growth Conference

Wed, 13 Sep 2006 00:00:00 -0700

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, will present at the A.G. Edwards Emerging Growth Conference September 20, 2006 in New York. Mr. Carl Mills, QuickLogic chief financial officer, is scheduled to present. During the presentation, Mr. Mills will provide an overview of the company’s strategy, industry trends influencing its business, and the company’s value proposition. A webcast of the presentation will be available:

Date: Wednesday, September 20, 2006

Time: 1:45 p.m. ET / 10:45 a.m. PT for the live presentation

Location: On the web at ir.quicklogic.com

Replay: Available one hour after the presentation ends and accessible for 90 days.

Takao Yamashita Appointed Japan Country Manager of QuickLogic K.K.

Fri, 25 Aug 2006 00:00:00 -0700

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, announced that Takao Yamashita has been named Japan Country Manager of QuickLogic K.K.

“Because Japan is one of the most strategically important markets for QuickLogic, we have determined that the candidate for Japan Country Manager should have profound knowledge and broad expertise in our targeted market and application segments,” said Jeff Sexton, Vice President, Worldwide Sales and Marketing at QuickLogic. “We are pleased to have hired Mr. Takao Yamashita, and we are very confident that his outstanding track record of establishing several Japanese subsidiaries, including Lattice Semiconductor, will certainly contribute to further growth and expansion of our businesses in this very important geography.”

“It is a great honor to have been appointed Japan Country Manager of QuickLogic, which enjoys a high reputation as a pioneering company in the ultra-low power FPGA industry,” said Takao Yamashita, new Japan Country Manager, QuickLogic K.K. I have no doubt that QuickLogic products characterized by ultra-low power, bullet-proof security and high performance are ideal for the Japanese market, which is exhibiting an acute and widespread trend toward portability and convergence of various technologies. I am firmly committed to growing this very important market,” continued Mr. Yamashita.

QuickLogic Receives Nasdaq Notice Regarding Delayed Filing of Form 10-Q

Wed, 16 Aug 2006 00:00:00 -0700

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, today announced that it received a Nasdaq Staff Determination on August 14, 2006 stating that the Company is not in compliance with Nasdaq Marketplace Rule 4310(c)(14) because it has not timely filed its Quarterly Report on Form 10-Q for the quarter ended July 2, 2006. The Nasdaq Staff Determination notice indicated that QuickLogic’s common stock will be delisted from The Nasdaq Global Market unless QuickLogic requests a hearing before a Nasdaq Listing Qualifications Panel. Accordingly, QuickLogic will request a hearing to review the Nasdaq Staff Determination. Pending a decision by the hearing panel, QuickLogic’s common stock will remain listed on The Nasdaq Global Market. However, there can be no assurance that the hearing panel will grant the Company’s request for continued listing.

On July 26, 2006, QuickLogic announced that the Audit Committee of its Board of Directors had asked the Company to initiate a review of its stock option practices and the related accounting and that, due to the internal review, it may not be able to file its Form 10-Q for the second quarter of 2006 by the due date. At that time, the Company also contacted the Securities and Exchange Commission (the “SEC”) to inform the SEC about its pending announcement of the internal review. In response, the SEC sent the Company an informal inquiry on August 1, 2006 requesting certain documents and information relating to the Company’s policies, practices, procedures and public disclosures regarding its stock option grants and related accounting. The Company intends to cooperate fully with the SEC. As the review is underway, the impact to the Company’s historical financial statements, if any, is not yet known. The Company intends to file its Form 10-Q as soon as practicable after completion of the internal review.

QuickLogic to Present at Upcoming Financial Conferences

Tue, 01 Aug 2006 00:00:00 -0700

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, today announced that members of its executive management team will present at two upcoming financial conferences.

Mr. Carl Mills, QuickLogic’s chief financial officer, will present at the 2nd Annual Summer Technology Conference hosted by Security Research Associates, Inc., which is being held on Monday, August 7, 2006 at the St. Francis Hotel in San Francisco. Mr. E. Thomas Hart, QuickLogic’s chairman, president and chief executive officer, will present at the 2006 Canaccord Adams Summer Seminar at the Boston Marriott Long Wharf Hotel in Boston, Massachusetts on Wednesday, August 9, 2006. During the presentations, Mr. Mills and Mr. Hart will provide an overview of the company's strategy, industry trends influencing its business, and the company's value proposition. A webcast of the presentations will be available:

2nd Annual Summer Technology Conference Hosted by Security Research Associates, Inc.

Date: Monday, August 7, 2006

Time: 4:20 p.m. ET / 1:20 p.m. PT for the live presentation

Location: On the web at ir.quicklogic.com

Replay: Available one hour after the presentation ends and accessible for 90 days.

2006 Canaccord Adams Summer Seminar

Date: Wednesday, August 9, 2006

Time: 8:30 a.m. ET / 5:30 a.m. PT for the live presentation

Location: On the web at ir.quicklogic.com

Replay: Available one hour after the presentation ends and accessible for 90 days.

QuickLogic Announces Second Quarter Revenue — New Product Revenue Grows 110% Sequentially and Initiation of Internal Stock Option Review

Wed, 26 Jul 2006 00:00:00 -0700

Note to Editors: Download Financial Tables

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, today announced its revenue results for the second quarter ended June 30, 2006. Additional financial results for the second quarter will be available as soon as practicable after the review of historical stock option practices and related accounting that the Company has initiated.

Revenue for the second quarter of 2006 was $9.2 million, consistent with $9.3 million in the first quarter of 2006, and down 28 percent from $12.8 million in the second quarter of 2005. The year-over-year change in revenue is primarily due to the company’s pASIC 1 and pASIC 2 end-of-life program and reduced sales to two international customers, which were partially offset by revenue growth from its new products. These new products - Eclipse II, QuickPCI II, PolarPro and QuickMIPS - contributed 25 percent of revenue in the second quarter of 2006, compared with 12 percent of revenue in the first quarter of 2006 and less than two percent of revenue in the second quarter of 2005.

The company also reported that the Audit Committee of its Board of Directors had asked the company to initiate a review of its stock option practices and related accounting. As the review is underway, the impact to the company’s historical financial statements is not yet known. The company will not announce its full second quarter financial results or file its quarterly report on Form 10-Q for the quarter ended June 30, 2006 until after the completion of the review. In light of this review, the company may not be able to file its Form 10-Q for the second quarter of 2006 by the due date, August 11, 2006. The company will make every effort to complete its review and provide full financial results as soon as practicable. Company executives will refrain from commenting further until the review is concluded.

“New product revenue exceeded our guidance for the second quarter, growing 110 percent sequentially. While we are disappointed with our overall revenue results, we continue to be confident in our future due to strong design activity for our lowest-power solutions,” said E. Thomas Hart, chairman, president and CEO. “We were also pleased to have maintained our $30 million cash position. In fact, our debt-free cash has grown in each of the last six quarters.”

“We intend to examine our historical stock option practices as quickly as possible, and look forward to supplying our investors with full financials once this review is complete,” said Mr. Hart.

Conference Call

QuickLogic will hold a conference call at 2:30 pm Pacific Time today, July 26, 2006, to discuss the second quarter revenue results. The conference call is being webcast and can be accessed via QuickLogic’s website at http://ir.quicklogic.com. To participate, please call (913) 981-5520 by 2:20 p.m. Pacific Time. A recording of the call will be available starting one hour after completion of the call. To access the recording, please call (719) 457-0820 and reference the pass code: 3329894. The call recording will be archived until August 2, 2006 and the webcast will be available for 12 months.

QuickLogic Reports Preliminary Q2 2006 Revenue Results

Wed, 12 Jul 2006 00:00:00 -0700

QuickLogic Corporation (Nasdaq: QUIK), the lowest power programmable logic leader, today announced that it expects its second quarter 2006 revenue to be between $9.0 million and $9.2 million, compared with the $9.7 million to $10.3 million range that it gave on its April 26, 2006 conference call.

“During the second quarter, we experienced delays in delivering two significant orders for pASIC 1 devices, owing to a last minute change in customer requirements and late wafer deliveries from a supplier. We also had softer than expected demand for our embedded standard products and we were unable to ship orders received late in the quarter due to cycle times. All of these factors contributed to our expected revenue shortfall,” said E. Thomas Hart, chairman, president and CEO of QuickLogic.

“We believe second quarter revenue from new products will be significantly higher than the 16 percent to 20 percent of total revenue guidance that we gave on our first quarter earnings conference call. In fact, during the quarter, I visited many customers in Taiwan and China, where we continue to see strong design activity from customers using our Eclipse II and QuickPCI II devices. The product transition we are in, where our end-of-life pASIC 1 & 2 revenues are winding down and new product revenue is growing, causes unique challenges. However, we are seeing the market shift toward low-power solutions and we believe we are in a strong position to capitalize on this emerging opportunity.”

QuickLogic management will be presenting at the C.E. Unterberg Towbin Emerging Growth conference in New York City on Wednesday, July 12, 2006. This presentation will be webcast at 2:06 p.m. Eastern Time and can be accessed via QuickLogic’s website at http://quik.client.shareholder.com/events.cfm.

Conference Call

QuickLogic plans to announce its second quarter financial results and provide third quarter guidance in its regularly scheduled quarterly conference call on Wednesday, July 26, 2006, at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time. The company intends to issue a news release announcing second quarter results at approximately 1:00 p.m. Pacific Time / 4:00 p.m. Eastern Time on July 26, 2006. The conference call is being webcast and can be accessed via QuickLogic's website at www.quicklogic.com. For access to the live conference call, please call 1-(913) 981-5520 by 2:20 p.m. Pacific Time on July 26, 2006. A recording of the call will be available starting one hour after the completion of the call. To access the recording, please call (719) 457-0820 and reference the passcode 3329894. The call recording will be archived until August 2, 2006 and the webcast will be available for 12 months.

QuickLogic to Present at the C.E. Unterberg, Towbin Emerging Growth Conference

Wed, 05 Jul 2006 00:00:00 -0700

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, will present at the C.E. Unterberg, Towbin Emerging Growth Conference at the Mandarin Oriental Hotel in New York. Mr. E. Thomas Hart, QuickLogic’s chairman, president and chief executive officer, is scheduled to present on Wednesday, July 12, 2006. During the presentation, Mr. Hart will provide an overview of the company's strategy, industry trends influencing its business, and the company's value proposition. A webcast of the presentation will be available:

Date: Wednesday, July 12, 2006

Time: 2:06 p.m. ET / 11:06 a.m. PT for the live presentation

Location: On the web at ir.quicklogic.com

Replay: Available one hour after the presentation ends and accessible for 90 days.

QuickLogic Welcomes Nicholas Aretakis to Board of Directors

Wed, 31 May 2006 00:00:00 -0700

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, today announced that Nicholas A. Aretakis, the Vice President of Worldwide Sales at Advanced Analogic Technologies Inc., has been named to QuickLogic’s Board of Directors.

“Nicholas brings extensive semiconductor marketing and sales experience to our board of directors,” said Tom Hart, QuickLogic’s Chairman, President, and CEO. “Coupled with his extensive contacts in Asia-Pacific and his considerable consumer, PC and telecom market expertise, we are confident his insights will yield significant contributions to our team.” Mr. Aretakis’ selection to the QuickLogic Board of Directors brings the total number of directors to six, five of whom are independent. Mr. Aretakis will serve as a Class I director, with a term of three years expiring on the date on which the Company’s Annual Meeting of Stockholders is held in 2009.

With more than 20 years of experience in the semiconductor industry, Aretakis is an executive with extensive international sales and business development experience. He has served markets spanning North America, Southeast Asia, and Western Europe. Before joining AnalogicTech, Aretakis served for more than three years in the Office of the President for GlobespanVirata, Inc., where he led an integrated sales, marketing, operations, and communications team for the $500M+, 700-person company. Aretakis was previously Vice President of Worldwide Sales for GlobeSpan, Inc., where he led the growth of revenues from $20 million to more than $350 million in only three years. Earlier in his career, Aretakis served as Vice President of Sales and Acting Vice President of Marketing at ESS Technology, Inc. and Director of Sales at SEEQ Technology, Inc. He began his semiconductor industry career serving as Marketing Manager for non-volatile memory products at Microchip Technology, Inc. Aretakis holds a B.S. in Electrical Engineering from Columbia University, and a B.A. in Mathematics from Hobart College (Cum Laude).

New QuickWorks v9.8 Design Tools Accelerate PolarPro FPGA Development

Thu, 18 May 2006 00:00:00 -0700

New features include support for Precision Synthesis, advanced I/Os, and configurable clock managers

QuickLogic Corporation (NASDAQ: QUIK), the low-power programmable logic leader, today announced that version 9.8 of its QuickWorks® development software is now available and offers full support for its new PolarPro™ family of ultra-low-power FPGAs. Additionally, in a separate release dated today, QuickLogic announced the production shipment of PolarPro devices.

This new version of the QuickWorks tool suite provides a complete design environment for PolarPro devices including synthesis, simulation, timing and power analysis. QuickWorks v9.8 also includes a number of new features:

Integrated Precision Synthesis: VHDL and Verilog synthesis optimized for QuickLogic devices, provides built-in schematic viewing of RTL and FPGA designs for ease of debugging the RTL source. Additionally, the interactive PreciseTime engine quickly performs “what-if” timing analysis for achieving timing closure.

DDRIO and GPIO Support: Integrated configuration interfaces for Double Data Rate I/O (DDRIO) and General Purpose I/Os (GPIOs) in the PolarPro family, providing a graphical view of DDRIO/GPIO configurations and port listings of routable and static logic ports.

CCM Wizard: Provides an intuitive and efficient method of organizing PolarPro Configurable Clock Managers (CCMs) and generates HDL for the selected configuration that can be instantiated directly into customers’ RTL source.

Power Calculator: Automatically calculates approximate power consumed in a design.

“PolarPro is breaking new ground for FPGA adoption into portable electronic applications,” said Brian Faith, Senior Director of Marketing at QuickLogic. “Our focus on providing an integrated EDA toolchain with advanced power-aware features underscores QuickLogic’s commitment to enabling fast time-to-market and power efficient design for designers in these segments.”

About QuickWorks

This comprehensive QuickLogic FPGA design environment includes fully-integrated schematic and HDL-based design entry, HDL language editors and tutorials, logic synthesis support from Mentor Graphics, 100% fully automatic place and route, static timing analysis, Verilog and VHDL functional and timing simulation support, and 3rd-party design-tool interfaces. For power sensitive or power critical designs, QuickWorks has integrated PowerAware logic placement, power simulation and power calculation.

Availability and Pricing

The QuickWorks v9.8 software is available now at no charge for Windows (98, 2000, ME, XP and NT). The software can be downloaded from the QuickLogic website at http://www.quicklogic.com/downloads

QuickLogic Announces Production Shipments of World’s Lowest Power FPGA — PolarPro

Thu, 18 May 2006 00:00:00 -0700

Power consumption 98% better than competing Flash-based FPGAs and 99% better than competing SRAM-based FPGAs

Company-wide execution in all phases of product development results in “on time” release

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, announced production shipments of the first two members of the industry’s lowest power family of FPGAs, the QL1P075 and the QL1P100.

QuickLogic announced engineering samples of the PolarProTM family in December of 2005, and with company-wide execution, has delivered on-time production silicon within four months. Underscoring the market need for an ultra-low power FPGA, QuickLogic had production orders for these first devices during the engineering sample period.

“PolarPro FPGAs provide us with the unique combination of programmability, ASIC-like power consumption and competitive pricing,” said Keith Jasinski, Project Engineer at Mortara Instrument. “These attributes enable us to create custom ICs for our portable medical products that maximize battery life and minimize total system cost.”

Quiescent, or standby current is a critical factor determining battery life in portable and handheld consumer electronics. Architected specifically to address this factor, the new Very Low Power (VLP) mode integrated into PolarPro devices exhibit quiescent current nearly half that of the closest “zero power” CPLD, 98% less than the closest Flash-based FPGA, and 99% less than the closest SRAM-based FPGA.

“Customer acceptance of PolarPro has been strong, with several design wins in portable consumer electronics, portable medical applications and reference designs from Tier 1 semiconductor companies,” said Brian Faith, QuickLogic’s Senior Director of Marketing. “We are extremely pleased with the performance of our entire company in bringing PolarPro to production on time.”

Software Support

The PolarPro family is supported in QuickWorks® version 9.8, available for download from www.quicklogic.com/downloads

Availability

The first two members of the PolarPro family, the QL1P075 and QL1P100, are now in production. QuickLogic expects to sample the QL1P300 during the second quarter, with production expected later in 2006. For additional information, please visit www.quicklogic.com.

QuickLogic to Present at the AeA Micro Cap Financial Conference

Tue, 02 May 2006 00:00:00 -0700

QuickLogic Corporation (NASDAQ:QUIK), the low power programmable logic leader, will present at the AeA Micro Cap Financial Conference in Monterey, California. Mr. E. Thomas Hart, QuickLogic chairman, president and CEO, is scheduled to present on Monday, May 8, 2006. During the presentation, Mr. Hart will provide an overview of the company's strategy, industry trends influencing its business, and the company's value proposition. A webcast of the presentation will be available:

Date: Monday, May 8, 2006

Time: 5:45 p.m. ET / 2:45 p.m. PT for the live presentation

Location: On the web at http://ir.quicklogic.com

Replay: Available one hour after the presentation ends and accessible for one year.

QuickLogic Announces First Quarter Results

Wed, 26 Apr 2006 00:00:00 -0700

Note to Editors: Download Financial Tables

QuickLogic Corporation (NASDAQ: QUIK), the pioneer of Embedded Standard Products (ESPs) and the leader in lowest-power programmable logic solutions, today announced its financial results for the first quarter ended March 31, 2006.

Revenue for the first quarter of 2006 was $9.3 million, down nearly ten percent from $10.3 million in the fourth quarter of 2005, and down 25 percent from $12.5 million in the first quarter of 2005. ESP and Advanced ESP products contributed 46 percent of revenue in the first quarter of 2006, compared with 45 percent of revenue in the fourth quarter of 2005. Under generally accepted accounting principles (GAAP), our net loss for the first quarter of 2006 was $1.2 million, or $0.04 per share. This compares with a net loss of $456,000, or $0.02 per share, in the fourth quarter of 2005 and with net income of $864,000, or $0.03 per diluted share, in the first quarter of 2005.

During the quarter ended March 31, 2006, we adopted Statement of Financial Accounting Standards (SFAS) No. 123R, “Share-based Payment,” regarding accounting for stock-based compensation. In addition to reporting GAAP results, which reflect stock-based compensation, we are also reporting non-GAAP results, which exclude such expense. Non-GAAP net loss for the first quarter of 2006 was $776,000, or $0.03 per share, compared with a non-GAAP net loss of $456,000, or $0.02 per share, in the fourth quarter of 2005, and with non-GAAP net income of $864,000, or $0.03 per diluted share, in the first quarter of 2005.

“We are pleased to report first quarter revenue of $9.3 million, which was at the high end of our guidance, despite the decline in revenue from our pASIC1 and pASIC2 end-of-life products. We also achieved a strong gross margin of 60 percent,” said E. Thomas Hart, chairman, president and CEO. “Our cash of approximately $30.2 million is at its highest level in more than four years. In addition, our PolarPro device is now in production, which we believe will further increase our opportunities in low-power customer designs.”

Conference Call

QuickLogic will hold a conference call at 2:30 pm Pacific Time today, April 26, 2006, to discuss the first quarter financial results. To participate, please call 1-866-362-4820 or 1-617-597-5345 (international) by 2:20 p.m. Pacific Time on April 26, 2006. You will need to reference the pass code: 17951933. A live webcast of the conference call will be available via the investor relations page of the company’s website at www.quicklogic.com/investors. A recording of the call will be available starting one hour after completion of the call. To access the recording, please call 1-888-286-8010 or 1-617-801-6888 (international). You will need to reference the pass code: 49149571. The call recording will be archived until May 8, 2006 and the webcast will be available for 12 months.

Non-GAAP Financial Measures

QuickLogic reports financial information in accordance with generally accepted accounting principles (GAAP), but believes that non-GAAP financial measures are helpful in evaluating its operating results and comparing its performance to comparable companies. Accordingly, the Company excludes charges related to stock-based compensation, the effect of the write-off of long-lived assets and write-downs of the Company’s investment in Tower Semiconductor Ltd. in calculating non-GAAP (i) income (loss) from operations, (ii) net income (loss), (iii) net income (loss) per share, (iv) cost of revenue, and (v) certain operating expenses including research and development and selling, general and administrative. The Company provides this non-GAAP information to enable investors to evaluate its operating results in a manner similar to how the Company analyzes its operating results and to provide consistency and comparability with similar companies in the Company’s industry. Investors should note, however, that the non-GAAP financial measures used by the Company may not be the same non-GAAP financial measures, and may not be calculated in the same manner, as that of other companies. The Company does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures alone or as a substitute for financial information prepared in accordance with GAAP. A reconciliation of GAAP net income (loss) to non-GAAP net income (loss) is included in the financial statements portion of this release. Investors are encouraged to review the related GAAP financial measures and the reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures.

QuickLogic Announces Q1 FY2006 Earnings Conference Call

Wed, 12 Apr 2006 00:00:00 -0700

QuickLogic Corporation (NASDAQ:QUIK), the low power programmable logic leader, has scheduled a conference call to discuss the company's operating results for its first quarter 2006 on Wednesday, April 26th, 2006, at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time.

QuickLogic Corporation will issue a news release announcing the company's first quarter 2006 results at approximately 1:00 p.m. Pacific Time / 4:00 p.m. Eastern Time on April 26, 2006. The conference call is being webcast by CCBN and can be accessed via QuickLogic's website at www.quicklogic.com. For access to the live conference call, please call 1-866-362-4820 or International 1-617-597-5345 by 2:20 p.m. Pacific Time on April 26, 2006. You will need to reference the passcode: 17951933. A recording of the call will be available starting one hour after the completion of the call. To access the recording, please call 1-888-286-8010 or International 1-617-801-6888. You will need to reference the passcode: 49149571. The call recording will be archived until May 8, 2006 and the webcast will be available for 12 months.

QuickLogic to Participate in Embedded Systems Conference — Silicon Valley

Mon, 03 Apr 2006 00:00:00 -0700

QuickLogic Corporation (NASDAQ: QUIK), the low power programmable logic leader, will be taking part in the Embedded Systems Conference, in Silicon Valley, April 3-7, 2006. Please visit QuickLogic at booth #1710 located in the McEnery Convention Center, San Jose, California.

ESC Exhibit

The QuickLogic booth will feature demos of their latest bridge controller solutions, perfect for applications requiring low power such as PDAs, Portable Media Players, Smartphones, GPS and Gaming Systems. Designers are looking for a cost-efficient, simple, functional method of adding Wi-Fi or HDD capability to their systems, while still leveraging the substantial hardware and software investments already made. QuickLogic solutions connect to your processor of choice, and respect the strict design requirements for low power, high performance and continued flexibility.

Demos

PolarPro™ FPGA technology was architected to meet the system logic requirements of power sensitive, and portable applications. Through an innovative logic cell architecture, versatile embedded memory with built-in FIFO control logic and advanced clock management, PolarPro is the lowest power FPGA this side of the North Pole.

QuickPCI combines high-performance embedded PCI controllers with high-speed programmable logic creating a unique PCI 2.3 compliant system-level solution. QuickPCI’s non-volatile technology provides instant-on capability and high design security. A wide range of microprocessors, memory interfaces, intellectual property, software drivers and reference designs complement the family and provide complete system solutions.

QuickIDE provides a low power programmable hard disk drive controller, with a seamless connection between the Intel® PXA processor and the HDD itself. QuickIDE provides the highest system bandwidth possible at the lowest power consumption. Rounding out the solution are Windows® CE and Linux drivers and development boards.

Exhibit Floor Hours

Tuesday, April 4th 1pm – 7pm
Wednesday, April 5th 10am – 7pm
Thursday, April 6th 10am – 3:30pm

To Register for ESC Silicon Valley, go to http://www.embedded.com/esc/sv/registration/

New QuickLogic Bridge Controller and Hitachi Microdrive to Deliver Energy-Efficient Storage Solution for Handheld Consumer Electronics

Wed, 29 Mar 2006 00:00:00 -0800

Proven Low Power QuickIDE Bridge Controller Serves as Companion Device to Intel® PXA2xx processors

QuickLogic Corporation (NASDAQ: QUIK), the industry’s lowest-power programmable logic solutions leader, today announced that its new QuickIDE bridge controller interoperates with Hitachi Global Storage Technologies’ one-inch Microdrive hard drive to deliver a complete mass storage solution for Intel-based portable consumer electronics.

The Microdrive 3K8 features a dramatically reduced footprint and power consumption for integration into mobile phones and other ultra-miniature consumer electronic devices. The drive has a maximum capacity of 8GB and is available exclusively for embedded applications.

As consumers desire higher quality video playback in these applications, the demands on the processor and hard drive increase. In some portable applications, designers are challenged to keep up with these stringent demands when the embedded processor cannot keep up with the data transfer rate of the hard drive due to a lack of a native IDE interface in the system.

As a solution to this challenge, QuickLogic has created a companion device to connect Hitachi Microdrive disk drives to Intel® PXA2xx processors. With support from Hitachi, QuickLogic has spent several hundred engineering hours performing various system-level benchmark tests to confirm the interoperability of the QuickIDE bridge controller and Microdrive solution. QuickLogic’s results validate the theoretical maximum effective transfer rate of the Microdrive, which is 5.1-10 MB/sec sustained data rate.

“In order to broaden our reach into the portable electronics segment, QuickLogic has developed an ecosystem of industry leaders in low power embedded processors, wireless and storage peripherals,” said Kevin Yee, Director of Business Development at QuickLogic. “As a result of this focused collaboration with Hitachi, QuickLogic has enabled Microdrive hard drives to connect to embedded processors in the most energy efficient manner - without sacrificing performance.”

“Low CPU utilization, low-power consumption and small footprints are all critical parameters for our customers integrating Microdrive technology into their portable electronics,” said Marcia Bencala, vice president, Corporate Strategy & Product Planning, Hitachi Global Storage Technologies. “Hitachi’s work with QuickLogic will go a long way in helping product designers achieve these parameters and deliver compelling handheld consumer electronic devices into the marketplace.”

Availability

The QuickLogic Companion Device integrates a full-featured IDE Bridge Controller and local bus interface for embedded processors and is available now. In volume quantities, the companion device sells for less than $5. For more information, go to www.quicklogic.com.

QuickLogic Strengthens Focus in Consumer Electronics, Portable and Handheld Markets through Seagate Partnership

Wed, 29 Mar 2006 00:00:00 -0800

Seagate partners with QuickLogic to deliver high performance, energy efficient storage solutions

Companion Device is based on QuickLogic’s proven low power QuickIDE Bridge Controller

QuickLogic Corporation (NASDAQ: QUIK), the lowest-power programmable logic solutions leader, today announced that the company has partnered with Seagate Technology (NYSE:STX), the world's leading manufacturer of Consumer Electronics (CE) hard drives, to deliver an improved mass storage solution for portable systems incorporating the Seagate S-Series CompactFlash Hard Disc Drives and low power embedded processors.

High-density Small Form Factor (SFF) Hard Disc Drive (HDD) storage is proliferating into high growth portable and handheld consumer applications such as MP3 players, navigation systems, digital cameras, smartphones and others. However, the difficulty of mating low power embedded processors to SFF HDDs has proven to be a significant challenge due to lack of a native IDE interface. As a result, designers sacrifice performance, and therefore battery life.

In response to this challenge, QuickLogic has created a companion device to connect Seagate S-Series disc drives to Intel® PXA2xx processors. QuickLogic and Seagate performed benchmark tests on different data buffer sizes and disc drive densities. The results continuously demonstrated the theoretical maximum effective transfer rate of the disc drives.

“We’ve worked closely with our processor partners to create easy-to-use, low-power companion devices connecting embedded processors and peripheral technologies,” said Kevin Yee, Director of Business Development at QuickLogic. “As a result of this focused strategy, QuickLogic has enabled Seagate S drives to connect to embedded processors in the most energy efficient manner. This combination of technologies will enable us to push into new portable and handheld applications.”

“Most embedded processors do not have a direct or native interface to IDE-based SFF HDDs. QuickLogic not only provides an excellent companion device, but extensive testing has demonstrated that their solution helps us to achieve maximum performance while minimizing system power and optimizing CPU utilization – critical to the user experience in portable consumer products,” said Todd Buelow, Business Development Manager at Seagate Technology.

Availability

QuickLogic Expands Intel® Relationship by Providing Companion Device for Intel LAN® Group

Mon, 20 Mar 2006 00:00:00 -0800

Delivers third in a series of companion devices for Intel PXA embedded processors

Adds wired Ethernet LAN device support to existing Wi-Fi and HDD solutions

QuickLogic Corporation (NASDAQ: QUIK), the low power programmable logic leader, today announced that they are expanding their relationship with Intel Corporation by providing a companion device based on QuickLogic’s QuickPCI® family of programmable bridge controllers to connect Intel’s PXA processor with Intel’s wired Ethernet controllers.

QuickLogic continues to work with Intel to rapidly develop companion devices for the Intel PXA processor, further enabling Intel’s push into embedded applications. Ethernet is the prevalent technology for todays wired networks. The majority of low power embedded processors, such as the Intel’s PXA, do not integrate a PCI Controller, required by most LAN devices developed for PC platforms. By using the integrated PCI Controller in the companion device, QuickLogic provides native connectivity to these LAN devices. This now provides designers of embedded systems access to cost-effective technologies typically only available on the PC platform.

“QuickLogic low power programmable technology provides an ideal platform for delivering PXA companion devices,” said Kevin Yee, Director of Business Development. “We continue to see the market opportunity expanding for integrating Ethernet connectivity in embedded applications. By delivering these low power, cost-effective solutions, we are well positioned to address the needs of designers in these applications.”

“By using QuickLogic’s PXA companion devices we are able to target new segments of the growing embedded Ethernet market,” says Travis Johnson, Product Marketing Engineer in the Intel Embedded LAN Operation. “The QuickLogic PXA companion device helps us offer a more complete Intel platform solution to embedded customers.”

In collaboration with Intel, QuickLogic has verified device drivers for both Windows® CE 5.0 and Linux. Additionally, Intel has performed system-level verification and performance testing of the end-to-end solution using the QuickLogic Mobile Application Board (MAB). The MAB is a daughter board that plugs seamlessly into the Intel PXA270 DVK (Mainstone) development system. The MAB significantly reduces design time by allowing engineers to co-develop software and hardware. For more information on the MAB, go to www.quicklogic.com/mab.

Availability

The companion device is currently available in production quantities. Pricing is below $5.00 in high volume at the end of 2006. For more information, go to QuickLogic website at www.quicklogic.com.

QuickLogic to Present at Intel Developer Forum

Mon, 06 Mar 2006 00:00:00 -0800

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, will be presenting at the Intel Developer Forum in San Francisco, March 8th, 5:00-5:50 p.m. in Room #2002.

This presentation will be part of the Cellular and Handheld Technologies Track.

Presentation

“Techniques for Integrating Emerging Technology Efficiently into New Handheld Products” will address convergence within the portable electronics industry and how it has given cellular OEMs the opportunity to deliver differentiated products, but has also resulted in new networking, storage and imaging technology challenges for today's designers. Learn how QuickLogic's programmable silicon solutions, optimized for Intel's processors, enable designers to solve these challenges, deliver compelling system functionality, achieve the best performance and reach production faster.

Speakers include QuickLogic’s Tim Saxe, VP Engineering, and Ian Ferguson, VP Advanced Products Division.

To Register for the Intel Developer Forum, go to the IDF website.

QuickLogic Companion Device Enables Energy Efficient HDD and PCI Connectivity to Intel PXA Processor

Wed, 01 Mar 2006 00:00:00 -0800

Lowest power, single-chip solution provides bridge and control functions between PXA Processor, Micro Hard Disk Drives (HDD) and PCI-based devices

Solution Pack includes Linux and Windows® CE software drivers, reference designs and Mobile Application Board (MAB)

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, today announced the availability of its bridge controller based on the ultra-low power Eclipse II™ FPGA technology. The integrated IDE and PCI controllers enable energy efficient connectivity between the popular Intel® PXA processor family, IDE-based Micro HDDs and PCI-based devices.

The Intel® PXA is one of the most popular processors for handheld, battery-powered portable applications; however, the processor does not provide a native interface to common standards such as PCI and IDE. This poses battery life challenges when integrating commonly used PCI-based peripherals such as Wi-Fi, Ultra Wideband, MPEG decoder/encoder devices and 10/100/1G Ethernet chipsets. QuickLogic’s companion products solve this challenge.

The embedded PCI controller of the companion device supports two external PCI agents. Through the on-board programmable logic, the device can be expanded to support up to four external PCI agents. Through the use of the SDRAM bus-mastering feature supported by the PXA processor, the QuickLogic companion device has been optimized to significantly reduce processor bus utilization – not feasible with CPLDs or FPGAs without embedded RAM.

The embedded IDE controller can perform transfers to or from an IDE-based hard disk drive in any of the PIO modes (0, 1, 2, 3 or 4). By integrating full sector buffers in the device, QuickLogic has been able to demonstrate performance of >13MB/s during data transfers. The IDE timing and registers are completely handled by the QuickLogic companion device, hence further reducing the processor’s bus utilization and enabling more energy efficient operation.

“This latest programmable bridge controller is another example of QuickLogic’s commitment to delivering ready-to-integrate solutions for portable products such as Global Positioning Systems (GPS), Smartphones, Personal Media Products (PMP), and portable industrial systems,” said Itsu Wang, Logic Products, Marketing Manager for QuickLogic. “Our ultra-low power FPGAs, and complete Solution Packs guarantee the best performance at the lowest power, and decrease design time, allowing our customers to reach production faster.”

Pricing and Availability

The bridge controller and Linux/Windows CE software drivers are available now with pricing starting at $6 in high volume. More information on the bridge controller can be found at www.quicklogic.com/pxa_companion. The Mobile Application Board that supports this PCI/IDE bridge controller is available now and is currently priced at $999. For more information on the MAB, visit www.quicklogic.com/mab.

QuickLogic to Present at the 2nd Annual Winter Technology Conference Hosted by Security Research Associates and MDB Capital Group

Wed, 08 Feb 2006 00:00:00 -0800

QuickLogic Corporation (NASDAQ: QUIK), the pioneer of Embedded Standard Products (ESPs) and the leader in lowest-power programmable logic solutions, will present at the 2006 Technology Investor Conference hosted by Security Research Associates and MDB Capital Group at the Campton Place Hotel in San Francisco. Mr. Carl Mills, QuickLogic chief financial officer, is scheduled to present on Wednesday, February 15, 2006. During the presentation, Mr. Mills will provide an overview of the company's strategy, industry trends influencing its business, and the company's value proposition. A webcast of the presentation will be available:

Date: Wednesday, February 15, 2006

Time: 5:40 p.m. ET / 2:40 p.m. PT for the live presentation

Location: On the web at ir.quicklogic.com

Replay: Available one hour after the presentation ends and accessible for 90 days.

QuickLogic Announces Fiscal 2005 and Fourth Quarter Results — FY05 Solidly Profitable on an 8% Revenue Increase

Wed, 01 Feb 2006 00:00:00 -0800

Note to Editors: Download Financial Tables

Revenue for 2005 was $48.3 million, up eight percent from $44.6 million in 2004. The ESP and Advanced ESP product families contributed 38 percent of revenue in 2005. Under generally accepted accounting principles (GAAP), 2005 net income was $2.4 million, or $0.08 per diluted share, compared with a net loss of $8.8 million, or $0.35 per share, in 2004. In 2005, non-GAAP net income was $3.9 million, or $0.14 per diluted share, compared with a net loss of $3.9 million, or $0.15 per share, in 2004.

Revenue for the fourth quarter of 2005 was $10.3 million, compared with $11.1 million in the fourth quarter of 2004 and $12.6 million in the third quarter of 2005. The ESP and Advanced ESP product families contributed 45 percent of revenue in the fourth quarter of 2005, compared with 36 percent of revenue in the third quarter of 2005. Under GAAP, the net loss for the fourth quarter of 2005 was $456,000, or $0.02 per share. This compares with a net loss of $6.0 million, or $0.23 per share, in the fourth quarter of 2004, and with net income of $1.6 million, or $0.06 per diluted share, in the third quarter of 2005.

Non-GAAP net loss for the fourth quarter of 2005 was $456,000, or $0.02 per share, compared with a non-GAAP net loss of $1.3 million, or $0.05 per share, in the fourth quarter of 2004, and with non-GAAP net income of $1.7 million, or $0.06 per diluted share, in the third quarter of 2005. QuickLogic reports net income, or loss, in accordance with GAAP and also on a non-GAAP basis to highlight infrequent or non-recurring charges. Non-GAAP results, where applicable, exclude long-lived asset impairments, the write-off of long-lived assets and write-downs of the Company’s investment in Tower Semiconductor Ltd.

“In 2005, we were pleased to achieve solid profitability for the year and generate $3.4 million in cash. In the fourth quarter, we had significant revenue from our new products - Eclipse II, QuickPCI II and QuickMIPS - which contributed 12 percent of our total revenue,” said E. Thomas Hart, chairman, president and CEO. “Although we were pleased with the revenue growth of our new products, it did not fully offset the decline in revenue from our end-of-life pASIC1 and pASIC2 products, as well as from our other products. Also in the fourth quarter, we announced the introduction of PolarPro, the world’s lowest power FPGA family, and shipped engineering samples of the first product to select customers. We are excited about the prospects for this new family, particularly in high-volume prosumer, battery-powered, handheld products.”

Conference Call

QuickLogic will hold a conference call at 2:30 p.m. Pacific Time today, February 1, 2006, to discuss the fiscal year and fourth quarter financial results. To participate, please call 1-888-873-4896 or 1-617-213-8850 (international) by 2:20 p.m. Pacific Time on February 1, 2006. You will need to reference the pass code: 23557889. A live webcast of the conference call will be available via the investor relations page of the company’s website at www.quicklogic.com. A recording of the call will be available starting one hour after completion of the call. To access the recording, please call 1-888-286-8010 or 1-617-801-6888 (international). You will need to reference the pass code: 47480056. The call recording will be archived until February 8, 2006 and the webcast will be available for 12 months.

Non-GAAP Financial Measures

QuickLogic reports financial information in accordance with generally accepted accounting principles (GAAP), but believes that non-GAAP financial measures are helpful in evaluating its operating results and comparing its performance to its peer companies. Accordingly, the Company also uses calculations of (i) non-GAAP net income (loss), which represents net income (loss) excluding the effect of long-lived asset impairments, the write-off of long-lived assets and write-downs of the Company’s investment in Tower Semiconductor Ltd.; and (ii) non-GAAP net income (loss) per share, which represents basic and diluted net income (loss) per share excluding long-lived asset impairments, the write-off of long-lived assets and write-downs of the Company’s investment in Tower Semiconductor Ltd. The Company provides this non-GAAP information to enable investors to evaluate its operating results in a manner similar to how the Company analyzes its operating results and to provide consistency and comparability with similar companies in the Company’s industry. Investors should note, however, that the non-GAAP financial measures used by the Company may not be the same non-GAAP financial measures, and may not be calculated in the same manner, as that of other companies. The Company does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures alone or as a substitute for financial information prepared in accordance with GAAP. A reconciliation of GAAP net income (loss) to non-GAAP net income (loss) is included in the financial statements portion of this release. Investors are encouraged to review the related GAAP financial measures and the reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures.

QuickLogic Ultra Low-Power Eclipse II FPGAs Available in 8x8 mm Ball Grid Array Package

Wed, 25 Jan 2006 00:00:00 -0800

Small form factor critical for handheld products

Availability of Industrial temperature range of -40C to +100C

Ideal for battery powered products

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, today announced the availability of the QL8150 Eclipse II FPGA in 8x8 mm packaging. This small form factor Ball Grid Array (BGA) package is critical for small, portable applications such as smart phones, Personal Media Players (PMPs), and industrial handheld products.

The thin fine-pitch BGA (0.5mm) package has 196 balls in an 8x8 mm footprint, ideal for very small and space-constrained applications. Due to tight spacing and a lack of active cooling mechanisms, some handheld devices require semiconductor components to support the Industrial temperature range. In support of these more rugged conditions, the QL8150 8x8mm BGA was designed to support the full Industrial temperature range from –40C to +100C. This package is only available lead (Pb) free as this is in alignment with both the industry’s move to remove lead from products and QuickLogic’s corporate Environment, Health, and Safety direction.

“Providing our popular Eclipse II family in this small form factor packaging is another demonstration of our commitment to the handheld, portable market,” said Brian Faith, Sr. Product Marketing Director at QuickLogic. “Since introducing the industry’s lowest power FPGAs, we’ve provided complete support on all levels including packaging, Intellectual Property (IP), support for software drivers, reference designs, and development boards. IP, such as IDE, PCI, and SDIO, is fully supported with drivers for the WinCE and Linux operating systems. QuickLogic’s development board, called the Mobile Application Board (MAB), is supported on the Intel PXA27x Development Platform. These support programs ensure that QuickLogic low-power FPGAs are easy to design with and integrate, and provide solutions that decrease our customer’s time to market.”

Availability and Pricing

QuickLogic Eclipse II products in 8x8 mm packaging are available today. The pricing for the QL8150-6PUN196C will be less than $5, in high volume quantities, by the end of 2006.

QuickLogic Announces Q4 and FY2005 Earnings Conference Call

Mon, 23 Jan 2006 00:00:00 -0800

QuickLogic Corporation (Nasdaq: QUIK), has scheduled a conference call to discuss the company's operating results for its fourth quarter and 2005 year end on Wednesday, February 1, 2006, at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time.

QuickLogic Corporation will issue a news release announcing the company's fourth quarter and 2005 year end results at approximately 1:00 p.m. Pacific Time / 4:00 p.m. Eastern Time on February 1, 2006. The conference call is being webcast by CCBN and can be accessed via QuickLogic's website at www.quicklogic.com. For access to the live conference call, please call 1-888-873-4896 or International 1-617-213-8850 by 2:20 p.m. Pacific Time on February 1, 2006. You will need to reference the passcode: 23557889. A recording of the call will be available starting one hour after the completion of the call. To access the recording, please call 1-888-286-8010 or International 1-617-801-6888. You will need to reference the passcode: 47480056. The call recording will be archived until February 8, 2006 and the webcast will be available for 12 months.

PolarPro — One of EDN’s Hot 100 Products for 2005

Thu, 19 Jan 2006 00:00:00 -0800

QuickLogic Corporation (NASDAQ: QUIK), the low-power programmable-logic leader, today announced its PolarPro FPGA technology was named as one of EDN’s Hot 100 Products for 2005 according to EDN magazine. QuickLogic was one of five companies selected as having the most newsworthy technology or product within the digital and programmable IC category.

Throughout the year, editors receive thousands of technology and product announcements and must decide which are important enough to be covered within EDN or EDN.com. At the end of each year, these same editors evaluate company and product announcements made during the year and select the top 100 they consider the hottest products within 15 technology categories.

“Having PolarPro selected as one of the EDN Top 100 Products in 2005 within the category of programmable ICs is an outstanding accomplishment for QuickLogic,” said Brian Faith, Senior Director of Product Marketing. “Delivering the lowest power FPGA solutions is a focus for QuickLogic and the recognition from EDN for the PolarPro family is a true testament to the increased importance of power consumption in the high-growth portable electronics segment.”

About PolarPro

The PolarPro FPGA technology was purposely architected to meet the interconnect and system logic requirements of power sensitive and portable applications. Through a new and innovative logic cell architecture, versatile embedded memory with built-in FIFO control logic and advanced clock management control units, the PolarPro architecture is synthesis friendly and logic mapping efficient, thus enabling cost effective and ultra-low power logic designs, especially those required for battery-powered, handheld consumer products. Version 9.8 of QuickWorks® is available for download from the QuickLogic website and includes timing, area and power-optimized designs for the PolarPro family suite of FPGA development tools. For more information on PolarPro, go to http://www.quicklogic.com/polarpro-family.

QuickLogic FPGA-Based Mobile Application Board Shortens Development Time of Wi-Fi and HDD Bridging Solutions for Intel PXA27x Applications

Thu, 05 Jan 2006 00:00:00 -0800

Mobile Application Board allows designers to experiment with performance, power and cost trade-offs

Developers begin software development before production hardware is delivered, providing dramatic decrease in overall design time

QuickLogic Corporation (NASDAQ: QUIK), the low-power programmable logic leader, today announced availability of their Mobile Application Board (MAB) for the Intel® PXA27x based Processor Developer’s Kit ("Mainstone" DVK), providing seamless connectivity between the Intel XScale processor and peripheral interfaces such as Mini PCI, CardBus, SDIO and IDE.

The FPGA-based MAB enables IP development and performance verifications for a variety of peripherals such as Wi-Fi, HDDs (Hard Disk Drives), 10/100/1G Ethernet, MPEG devices, SD memory, and many more. It connects directly into the VLIO connector of the DVK, which allows designers to make system measurements and architecture tradeoffs including power consumption, performance and cost.

The QuickLogic MAB lets designers begin software development prior to receiving final hardware. This ability to design hardware and software in parallel can provide product designers with a critical competitive advantage by significantly reducing time spent in development of popular portable products including Global Positioning Systems (GPS), smart phones, Portable Media Players (PMP), and Portable Industrial Systems. “With the Eclipse II FPGAs, reference designs, the MAB and vast experience in the design of portable products, we have created a complete and easy to implement bridging solution for the Intel PXA27 processor,” said Brian Faith, Sr. Product Marketing Director at QuickLogic. “Our FPGA-based bridging solution provides key advantages of decreased design time through hardware/software co-design and design reuse, along with ultra low-power, flexibility and programmability. QuickLogic is also planning on releasing a new MAB based on PolarPro, the lowest power FPGA, by end of Q1, 2006.”

Availability and Pricing

The QuickLogic Mobile Application Board is available today. Complete solution packs are available for both Wi-Fi and HDD connectivity. They include the Mobile Application Board, an Eclipse II QL8325 device in the 484-ball BGA package, reference design files and software drivers for Windows® CE, Windows Mobile, and Linux. Cost for the solution pack is $999. For more information, please visit: www.quicklogic.com/MAB

For more information on Eclipse II FPGAs, visit www.quicklogic.com/lowpower

QuickLogic Continues Push into Portable Applications Embedding SDIO into Low Power FPGAs

Thu, 05 Jan 2006 00:00:00 -0800

Provides bridging/controlling solutions for the Embedded Processors to SDIO peripherals

Demonstrate SD memory and processor performance improvement by up to 5 times via Intel Mainstone DVK

Verified IP, reference designs and application board available for faster product development

QuickLogic Corporation (NASDAQ: QUIK), the lowest-power programmable-logic leader, today announced the availability of the SDIO Host Controller intellectual property (IP) core embedded into QuickLogic’s Eclipse II microwatt FPGAs. In order to support faster product design, QuickLogic provides reference designs based on the QL8325 and QL 8150 Eclipse II FPGAs.

QuickLogic’s SDIO reference design provides a complete bridging/controlling solution between the Intel® PXA27x embedded microprocessor, and SDIO peripherals and/or any SD memories. Additionally, the inherent benefits of Eclipse II small footprint FPGAs include flexibility, ultra low power and proven higher performance. These attributes are critical for components designed into portable product designs such as portable Global Positioning Systems(GPS), smart phones, Personal Media Products (PMP), and Portable Industrial Systems.

“Our Eclipse II low power FPGAs, coupled with our vast experience delivering both silicon and software for portable applications based on the Intel PXA27x processor family,provide an optimal solution for SDIO-enabled products,” said Itsu Wang, Product Marketing Manager for QuickLogic. “Support for low-cost, low-power, high performance SDIO bridging/controlling applications is just one more way QuickLogic enables designers to accelerate their product development in the consumer electronics arena. QuickLogic also plans to announce SDIO IP support for its PolarPro, the lowest power FPGA.”

Improves Overall Performance; Adds Functionality

Using the QuickLogic Mobile Applications Board (MAB), the SDIO reference design has demonstrated significant improvements in Read/Write performance on SD memory cards. Up to 3x performance versus the PXA27x processor’s native mode at the same frequency, and up to 5x at higher frequencies. The QuickLogic SDIO IP, embedded in the reference design, can be operated at a clock frequency of up to 52 MHz, far exceeding the SDIO specification of 25 MHz. The programmability of the SDIO-enabled reference design allows designers to incorporate their unique logic requirements and tune for power or performance depending on product specifications.

The SDIO reference design can be combined with other IPs to support multiple interfaces to the Intel PXA27x processor, allowing designers to add other peripheral functions to their system such as 802.11g (Wi-Fi) and Universal Serial Bus (USB) using a single Eclipse II FPGA.

Reference Platform

The SDIO IP and reference design provides designers with an easy-to-implement and proven SDIO bridging/controlling solution. The reference design includes a QuickLogic MAB, a QuickLogic QL8325 Eclipse II uWatt FPGA, and a Microsoft Windows CE driver that are all compatible with the Intel PXA27x processor Mainstone II DVK. The reference design has been hardware and software proven with a Kingston 1 GByte SD Memory Card, and SanDisk 64 MByte SD Memory Card.

Availability and Pricing

All devices of the Eclipse II FPGA family are now shipping in volume and devices with embedded SDIO IP are available for less than $5 in volume. The Mobile Application Board is also in production and costs $999. For more information, please visit: www.quicklogic.com/mab

QuickLogic to Present at the 8th Annual Needham Growth Conference on January 11, 2006

Wed, 04 Jan 2006 00:00:00 -0800

QuickLogic Corporation (NASDAQ: QUIK), the pioneer of Embedded Standard Products (ESPs) and the leader in lowest-power programmable logic solutions, will present at the 8th Annual Needham Growth Conference January 11, 2006 in New York. Mr. E. Thomas Hart, QuickLogic chairman, president and chief executive officer, is scheduled to present. During the presentation, Mr. Hart will provide an overview of the company's strategy, industry trends influencing its business, and the company's value proposition. A webcast of the presentation will be available:

Date: Wednesday, January 11, 2006

Time: 9:00 a.m. ET / 6:00 a.m. PT for the live presentation

Location: On the web at http://ir.quicklogic.com

Replay: Available one hour after the presentation ends and accessible for 90 days.

QuickLogic to Participate in EE Times — Great Minds, Great Ideas Zone at CES

Tue, 03 Jan 2006 00:00:00 -0800

MEDIA AND EVENT ALERT

QuickLogic Corporation (NASDAQ: QUIK), the low power programmable logic leader, will be taking part in the Consumer Electronics Show (CES), in Las Vegas, Nevada, January 5-8, 2006. Please visit QuickLogic at booth #201/202 in the EE Times — Great Minds, Great Ideas Zone located in section 71822 of the Sands Convention Center.

Show Activities:

Presentation – Thursday, January 5th, 10:30 a.m. – 10:50 a.m.
“Making ‘The Triple Play’ a Reality: Overcoming voice, video and data convergence challenges using programmable logic.”

The presentation will illustrate the ways that programmable logic can be used to solve the challenges of voice, video and data that have historically been impossible due to high cost and power consumption. QuickLogic’s new low power FPGA family, PolarPro™, provides an innovative way to solve connectivity, performance and power consumption challenges that help designers make this “Triple Play” a reality.

Demos:

Our newest FPGA family, PolarPro, drawing less than 10 uA, pushes low power to the extreme. Visitors that stop by will have a chance to see this low power capability implemented into our latest HDD and Wi-Fi Bridging Solutions. This makes QuickLogic devices the perfect choice for portable, power-sensitive applications such as a GPS, PMP, Smartphone, PDA or handheld gaming systems.

Show Exhibit Hours

Thursday, January 5: 8:00 a.m. - 6:00 p.m.
Friday, January 6: 8:00 a.m. - 6:00 p.m.
Saturday, January 7: 8:00 a.m. - 6:00 p.m.
Sunday, January 8: 8:00 a.m. - 3:00 p.m.

To Register for CES: http://registration.expoexchange.com/ShowCES061/

QuickLogic Ships Industry’s Lowest Power FPGA — PolarPro

Wed, 07 Dec 2005 00:00:00 -0800

Draws less than 10 uA of standby current

Exhibits both ASIC-like power consumption and the flexibility of field programmable logic

Advanced power management features are ideal for power sensitive applications

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, today announced engineering sample shipments of the first member of its PolarPro™ FPGA family, the QL1P100.

The PolarPro FPGA family is the lowest power programmable logic in the industry, drawing less than 10 uA standby current. Architected specifically for battery-powered applications, a new and innovative Very Low Power mode (VLP) enables the reduction of energy consumption for both high bit rate and low bit rate applications. PolarPro FPGAs also exhibit the industry’s lowest dynamic power, saving as much as 68% over competitive alternatives, making it an ideal solution for designers of portable electronics products.

With the mapping-efficient logic cell architecture, versatile embedded memory with built-in FIFO control logic and advanced clock management circuitry, PolarPro FPGAs exhibit ASIC-like power consumption. As a result, designers using PolarPro can now extend battery life by as much as 4x, setting a new standard for low power consumption in programmable logic.

“The PolarPro architecture and FPGA family definition were a direct result of inputs from both our customers and our partners in the portable electronics segment,” said Brian Faith, QuickLogic’s Director of Product Marketing. “Furthermore, we are pleased with the on-time execution of our development team and suppliers in bringing PolarPro to market.”

Targeted Applications

Emerging wireless and mass storage products such as Wi-Fi and miniature Hard Disk Drives (HDD) are converging in portable consumer electronics. Adopting these new capabilities can have a significant negative impact on battery life. PolarPro FPGAs were specifically architected to both enable adoption of these technologies and to minimize their effect on energy consumption.

Pricing and Availability

Pricing for the PolarPro FPGA devices starts at $2.95 in high volume quantities in the second half of 2006. For additional information, please visit www.quicklogic.com/polarpro.

QuickLogic to Host Online Seminar Introducing the PolarPro FPGA Family

Wed, 07 Dec 2005 00:00:00 -0800

QuickLogic Corporation (NASDAQ: QUIK), the lowest power programmable logic leader, will be hosting a TechOnline Seminar introducing its newest FPGA Family, PolarPro.

Date: Thursday, December 8th at 11:00 a.m. – 12:00 noon (PST)

To register online, visit: http://seminar2.techonline.com/s/quicklogic_dec0805

QuickLogic has taken a new approach to innovation that pushes low power to the extreme. In this one hour, in-depth seminar we will showcase how the PolarPro FPGA Family offers the lowest power programmable logic in the industry, drawing less than 10 μA standby current, making it an ideal choice for power sensitive applications.

During the seminar, we will also cover how emerging wireless and mass storage technologies such as Wi-Fi and Miniature Hard Disk Drives (HDDs) are converging in portable electronics and how PolarPro FPGAs were specifically architected to enable the adoption of these technologies while minimizing energy consumption.

QuickLogic Introduces PolarPro FPGA Architecture to Tackle Power Sensitive Applications

Mon, 07 Nov 2005 00:00:00 -0800

Innovative architecture tailored to address the needs of power sensitive applications, lowering FPGA power consumption to less than 10 uA

Enables intelligent bridging between processors and peripheral sub-systems

Expanded feature set enables wireless connectivity and efficient non-volatile storage while lowering overall system costs

QuickLogic Corporation (NASDAQ: QUIK), the low power programmable logic leader, today announced PolarPro, its latest FPGA architecture that will break new ground for FPGA adoption into portable electronic applications. Cost effective, ultra-low power and employing small form factor packaging technology, this architecture is poised to set a new standard for enabling innovation. PolarPro supports power-conserving strategies in portable applications, while maintaining the functionality and time-to-market advantages of traditional FPGAs.

The PolarPro architecture addresses both the need to reduce power consumption and decrease system design costs through its unique embedded circuitry. PolarPro combines FPGA logic with embedded circuitry for implementing high-bandwidth bus-to-bus interfaces, including large arrays of on-chip dual-port RAM with co-located asynchronous First-In, First-Out (FIFO) controllers, DDR interfaces for highly cost effective memory expansion, and clock management units. All device circuitry is optimized for low power usage through the new Very Low Power mode (VLP).

PolarPro Significantly Minimizes System Power

The new PolarPro FPGAs incorporate an 'instant' deep-sleep VLP standby mode that reduces power consumption to less than 10 uA. This is less than 1/1,000 that of flash-based FPGAs and less than 1/10,000 SRAM-based FPGAs respectively. This power conservation level is assured in all device situations due to the dedicated circuitry that isolates the I/O pads from the logic core when in standby mode.

With the VLP mode and instant-on operation, a host processor can put the PolarPro device into and out of sleep mode in just microseconds, letting the logic hardware be efficiently controlled with a system-level interrupt scheme and saving battery power when device functionality is not needed. This approach eliminates the common problem of device power consumption well above an FPGA's static power consumption figure when it is connected to an active bus – a common situation for processor-to-peripheral bridging implementation. In these types of applications, which are commonplace in products like Portable Media Players (PMPs), PDAs and cell phones, an FPGA's static power consumption of 100 uA might become tens of milliamps in reality.

“Our low power ViaLink® FPGA technology has allowed us to address wireless and storage connectivity challenges in portable electronics applications,” said Tom Hart, QuickLogic Chairman, President and CEO. “Through our work with companies such as Intel®, Atheros® and Seagate®, we have gained vital knowledge about the stringent energy resources available in today’s portable products as well as their sensitivity to cost. We have incorporated that knowledge into the new PolarPro architecture, utilizing the time-to-market advantages of FPGAs, increasing battery life and lowering the total system.”

PolarPro Lowers Overall System Cost

From a Consumer Electronics (CE) perspective, total product cost typically relates to the Bill of Materials (BOM) of a system. The aim of QuickLogic’s PolarPro architecture has been to reduce BOM cost by using the latest and lowest cost memory devices, such as mobile DDR2 memory, that leverage the high-volume markets of laptops and PCs. In addition, with QuickLogic’s ViaLink technology there is no in-rush current during power-up, such as that seen with SRAM-based FPGAs, further reducing the cost of advanced power management circuitry.

When programmable logic is used in systems with a processor, wired or wireless connectivity, and potentially non-volatile storage such as miniature hard disks, memory sticks, and other storage devices, the logic often must bridge different system clock-frequency domains. The PolarPro architecture addresses overhead costs with built-in FIFO controllers and other specialized circuitry. This provides a seamless, cost-effective way to bridge several clock domains together, allowing the designer to focus on other important energy conserving strategies.

By integrating FIFO controllers into the PolarPro architecture, QuickLogic reduces the effective silicon area required to implement such functions by 97%, delivering guaranteed asynchronous FIFOs for mere pennies. Additionally, to assist the designer with the bridging clock domains, PolarPro features advanced, low power Configurable Clock Managers (CCMs) that compensate for any “device internal” or “circuit-board external” interconnect delays.

Finally, the PolarPro multiplexer-based cell supports both the industry standard 4-input Look Up Table (LUT4) function, as well as a wider combination of functions with up to 13 inputs. This hybrid, variable grain logic cell leverages the significant investments in logic synthesis for LUT4 FPGA architectures in addition to the traditional wide fan-in PLD architectures. All these PolarPro innovations yield an FPGA platform that addresses the cost and stringent power consumption budgets of current and future portable electronic devices.

PolarPro Deliverables

Version 9.8 of QuickWorks® will be available for download from the QuickLogic website in early December. It will include timing, area and power-optimized designs for the PolarPro family suite of FPGA development tools. The VHDL and Verilog design entry is supported by industry-leading logic synthesis tools.

Availability and Pricing

The 640 logic cell device, the QL1P100, will be sampling in December, with the other members of the family expected to sample during 2006. In high volumes, the QL1P100 will be priced as low as $2.95.

QuickLogic to Present at the AeA Classic Financial Conference on November 8 – 9, 2005

Fri, 04 Nov 2005 00:00:00 -0800

QuickLogic Corporation (NASDAQ: QUIK), the pioneer of Embedded Standard Products (ESPs) and the leader in lowest-power programmable logic solutions, will present at the AeA Classic Financial Conference November 8th and 9th at the Manchester Grand Hyatt in San Diego. Mr. E. Thomas Hart, QuickLogic chairman, president and chief executive officer, is scheduled to present in sessions on both days. During the presentation, Mr. Hart will provide an overview of the company's strategy, industry trends influencing its business, and the company's value proposition. A webcast of the presentation will be available:

Date: Wednesday, November 9, 2005

Time: 9:00 a.m. ET / Noon PT for the live presentation

Location: On the web at ir.quicklogic.com

Replay: Available one hour after the presentation ends and accessible for one year.

QuickLogic Lowest-Power FPGAs Supported by Precision Synthesis from Mentor Graphics

Mon, 31 Oct 2005 00:00:00 -0800

QuickLogic Corporation (NASDAQ: QUIK) today announced that the latest version of the Precision® Synthesis tool from Mentor Graphics® Corporation supports QuickLogic’s uWatt FPGAs and Programmable Bridges. Precision Synthesis incorporates logic synthesis algorithms optimized for minimizing area and power consumption, and maximizing performance for designs targeted at consumer electronics and other handheld applications.

The synthesis algorithms in Precision Synthesis work to reduce the number of logic levels typically used in a design. Reduced logic levels lead to increased performance and lower dynamic power consumption. Using an intuitive user interface, Precision Synthesis improves FPGA development productivity through pushbutton logic synthesis that improves time-to-market, and incremental and modular design flows that accelerate the number of design iterations engineers can perform per day. The tool also provides an enhanced cross-probing feature to speed design analysis and throughput by helping designers make decisions quickly and interactively on specific design architecture improvements. Precision Synthesis supports a broad range of industry-standard languages and offers complete support of VHDL, Verilog 2001, and SystemVerilog.

“Mentor Graphics is a recognized technology leader in synthesis tools. By extending support to our popular uWatt FPGAs and Programmable Bridges, our customers now have access to world-class synthesis tools that can significantly improve the performance, utilization and power consumption of their designs,” said Tom Hart, Chairman, President and CEO. “Dedicated Precision Synthesis users, whose systems require the lowest power FPGA available, now have native tool chain support for QuickLogic devices that fulfill this need.”

“Mentor Graphics is pleased to support QuickLogic to ensure that the powerful pushbutton and interactive optimization capabilities in our Precision Synthesis tool complement the full range of innovative features available in QuickLogic’s new device families,” said Simon Bloch, general manager, Design Creation and Synthesis Division, Mentor Graphics. “We believe our advanced synthesis support enables a very practical solution for the many companies competing in the consumer electronics arena, especially in handheld designs that demand efficient use of both power and area.”

Availability

QuickLogic device support is available in Precision Synthesis from Mentor Graphics as an overlay kit. For additional company and product information, please go to: http://www.quicklogic.com or http://www.mentor.com/products/fpga_pld/

QuickLogic Announces Third Quarter Results — Third Consecutive Profitable Quarter — Revenue Increases 6% Year-over-Year

Wed, 26 Oct 2005 00:00:00 -0700

Note to Editors: Download Financial Tables

Revenue for the third quarter of 2005 was $12.6 million, up 6 percent from $11.9 million in the third quarter of 2004, and down slightly from $12.8 million in the second quarter of 2005. ESP and Advanced ESP products contributed 36 percent of revenue in the third quarter of 2005, as compared with 41 percent of revenue in the second quarter of 2005. Under generally accepted accounting principles (GAAP), net income for the third quarter of 2005 was $1.6 million, or $0.06 per diluted share. This compares with a net loss of $899,000, or a net loss of $0.03 per share, in the third quarter of 2004, and with net income of $320,000, or $0.01 per diluted share, in the second quarter of 2005.

Non-GAAP net income for the third quarter of 2005 was $1.7 million, or $0.06 per diluted share, as compared with a non-GAAP net loss of $734,000, or a net loss of $0.03 per share, in the third quarter of 2004, and with non-GAAP net income of $1.8 million, or $0.06 per diluted share, in the second quarter of 2005. QuickLogic reports net income, or loss, in accordance with GAAP and additionally on a non-GAAP basis to highlight infrequent or non-recurring charges. Non-GAAP results, where applicable, exclude the write-off of long-lived assets and write-downs of the Company’s investment in Tower Semiconductor Ltd.

“We are very pleased to report our 14th consecutive quarter of year-over-year revenue growth, our third consecutive quarter of profitability, and a strong gross margin,” said E. Thomas Hart, chairman, president and CEO. “Our debt-free cash is greater than $23.4 million, its highest level in more than three years. In addition, our low-power Eclipse II and QuickPCI II solutions continue to show strong design-in activity, especially for micro hard drive and Wi-Fi bridging for professional consumer applications, and have begun to contribute meaningful revenue.”

Conference Call

QuickLogic will hold a conference call at 2:30 pm Pacific Time today, October 26, 2005, to discuss the third quarter financial results. To participate, please call 1-866-800-8651 or 1-617-614-2704 (international) by 2:20 p.m. Pacific Time on October 26, 2005. You will need to reference the pass code: 32645956. A live webcast of the conference call will be available via the investor relations page of the company’s website at www.quicklogic.com. A recording of the call will be available starting one hour after completion of the call. To access the recording, please call 1-888-286-8010 or 1-617-801-6888 (international). You will need to reference the pass code: 44586843. The call recording will be archived until November 9, 2005 and the webcast will be available for 12 months.

Non-GAAP Financial Measures

QuickLogic reports financial information in accordance with generally accepted accounting principles (GAAP), but believes that non-GAAP financial measures are helpful in evaluating its operating results and comparing its performance to comparable companies. Accordingly, the Company also uses calculations of (i) non-GAAP net income (loss), which represents net income (loss) excluding the effect of the write-off of long-lived assets and write-downs of the Company’s investment in Tower Semiconductor Ltd.; and (ii) non-GAAP net income (loss) per share, which represents basic and diluted net income (loss) per share excluding the write-off of long-lived assets and write-downs of the Company’s investment in Tower Semiconductor Ltd. The Company provides this non-GAAP information to enable investors to evaluate its operating results in a manner similar to how the Company analyzes its operating results and to provide consistency and comparability with similar companies in the Company’s industry. Investors should note, however, that the non-GAAP financial measures used by the Company may not be the same non-GAAP financial measures, and may not be calculated in the same manner, as that of other companies. The Company does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures alone or as a substitute for financial information prepared in accordance with GAAP. A reconciliation of GAAP net income (loss) to non-GAAP net income (loss) is included in the financial statements portion of this release. Investors are encouraged to review the related GAAP financial measures and the reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures.

QuickLogic Announces Q3 FY2005 Earnings Conference Call

Thu, 13 Oct 2005 00:00:00 -0700

QuickLogic Corporation (Nasdaq:QUIK), has scheduled a conference call to discuss the company's operating results for its third quarter 2005 on Wednesday, October 26th, 2005, at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time.

QuickLogic Corporation will issue a news release announcing the company's third quarter 2005 results at approximately 1:00 p.m. Pacific Time / 4:00 p.m. Eastern Time on October 26th, 2005. The conference call is being webcast by CCBN and can be accessed via QuickLogic's website at www.quicklogic.com. For access to the live conference call, please call 1-866-800-8651 or International 1-617-614-2704 by 2:20 p.m. Pacific Time on October 26th, 2005. You will need to reference the passcode: 32645956. A recording of the call will be available starting one hour after the completion of the call. To access the recording, please call 1-888-286-8010 or International 1-617-801-6888. You will need to reference the passcode: 44586843. The call recording will be archived until November 9th, 2005 and the webcast will be available for 12 months.

QuickLogic Engages with Amkor in Design Chain Management Program

Mon, 12 Sep 2005 00:00:00 -0700

End-use customers benefit as Amkor helps QuickLogic shorten time to market while decreasing development costs and increasing quality

QuickLogic Corporation (NASDAQ: QUIK), the pioneer of Embedded Standard Products (ESPs) and leader in low power programmable logic, today announced that it has entered into a design service agreement with packaging leader Amkor Technology, Inc. Under this agreement, QuickLogic will have access to a broad range of Amkor’s package design and design chain management services, creating a program that elevates the package development process to a new level of time-to-market performance. Acknowledging the reality of rising hard costs associated with package manufacturing, Amkor is helping its customers manage their overhead or soft costs associated with package development by offering service level agreements that provide guaranteed levels of design chain support services.

“The goals of this program are to streamline overhead costs throughout the design chain, shorten design cycle times, and ultimately provide our customers with the opportunity to cost-effectively accelerate their time-to-market,” said Steve Lowder, Amkor’s Vice President of Design Services. “With increasing design activity for a broad range of end-product applications, it is important to align our resources with the needs of our customers to ensure that they have access to Amkor’s world-class design resources. We believe that broad adoption of service level agreements will foster improved management of design processes across the electronics supply chain.”

This strategy comes at a time when many semiconductor companies are looking for innovative ways to manage their costs in the face of increasing raw material prices and tight manufacturing capacity. “Amkor’s design service agreement fits into our overall strategy of identifying world-class partners and programs who can help us cut product development time and costs and help us deliver high quality, “best price” low-power FPGAs,” said Terry Barrette, Vice President of Operations at QuickLogic.

QuickLogic to Present at 2nd Annual SVB Tech Investors Forum

Wed, 31 Aug 2005 00:00:00 -0700

QuickLogic Corporation (NASDAQ: QUIK), the inventor and pioneer of Embedded Standard Products (ESPs), will present at the SVB Tech Investors Forum, which will be hosted by Silicon Valley Bank and SVB Alliant. This year's Forum, to be held September 7th and 8th at the Four Seasons Hotel in San Francisco, will feature presentations from 84 companies from across the U.S. in the hardware, semiconductor and software industries, selected for their past and potential growth, market performance and technology leadership.

Mr. E. Thomas Hart, QuickLogic chairman, president and chief executive officer, is scheduled to present at 9:20 a.m. (PT) on Thursday, September 8, 2005. During the presentation, Mr. Hart will provide an overview of the company's strategy, industry trends influencing its business, and the company's value proposition. A webcast of the presentation will be available:

Date: Thursday, September 8, 2005

Time: 12:20 p.m. ET / 9:20 a.m. PT for the live presentation

Location: On the web at ir.quicklogic.com

Replay: Available 24 hours after the presentation ends and accessible for 90 days.

QuickLogic and Interconnect Systems Provide HiLo Socket Solutions

Mon, 29 Aug 2005 00:00:00 -0700

Enables system verification for space-constrained portable consumer electronics applications

Low socket profile keeps the board height at chip level

QuickLogic Corporation (NASDAQ: QUIK), the pioneer of Embedded Standard Products (ESPs) and leader in low power programmable logic, today announced the availability of the HiLo socket from Interconnect Systems, Inc. (ISI). The HiLo development sockets allow designers to easily prototype their space-constrained designs using footprint-compatible sockets.

The HiLo socketing system can reduce development costs by allowing the same printed circuit board to be used for prototyping and production, thus cutting down on system development time. When every millimeter counts, the low-profile 2mm socket height enables low-profile prototypes since the board height, a critical constraint for handheld applications, remains at chip level.

For chip mounting using the HiLo system, the chip is attached to a pin field and a socket is soldered to the printed-circuit board. The pin field is then inserted into the socket. The pin field and socket combination accommodates multiple applications including production IC board mounting, board-to-board connection and other creative uses. The HiLo socket requires less insertion force per contact, supports high-speed applications, and is "pick and place" compatible.

"Success of consumer electronics products depends greatly on the adoption of new technology and the rate at which products are delivered to market," said Brian Faith, Senior Director of Product Marketing. "In providing the HiLo socket system to designers of consumer applications, we help cut their development costs and speed time to market by allowing them to develop their system with the same printed circuit board as they intend to use for production, eliminating the need for board spins late in the design cycle.

Pricing and Availability

The ISI HiLo sockets are available from ISI for as low as $93.00. For additional company or product information, please go to www.quicklogic.com or to www.isipkg.com

QuickLogic Continues its Focus on Low-Power Portable Applications by Joining SD Card and CE-ATA Organizations

Tue, 16 Aug 2005 00:00:00 -0700

QuickLogic Corporation (NASDAQ: QUIK), the low power programmable logic leader, today announced it has joined both the SD Card Association and the CE-ATA Organization. The SD Card and CE-ATA groups develop low-power bus and form factor standards for memory, networking and storage peripherals that will be adopted into portable consumer products. By joining these groups, QuickLogic enhances its low-power ecosystem that includes Eclipse II FPGAs, PowerAware software and strong industry partners.

“QuickLogic has demonstrated industry leadership by providing ultra low-power FPGA solutions for power-sensitive, portable products,” said Kevin Yee, Director of Business Development. “We are extending our commitment to portable consumer products through our membership in the SD Card and CE-ATA organization, and we believe that through our membership, we can share our expertise in dealing with power issues while simultaneously gathering additional information on how to better serve our customers.”

QuickLogic introduced its first family of uWatt programmable bridges earlier this year to provide efficient Wi-Fi and hard disk drive connectivity for users of embedded processors including Intel’s PXA product family. In addition to providing the desired interfaces, the programmable nature of the devices enables a high degree of customization, providing opportunities to perform sophisticated power management, reduce the loading on the main processor and securely implement content authentication logic.

About SD Card Association and CE-ATA

The SD Card Association (www.sdcard.org) aims to establish the technical and specification standards for SD Memory Card applications, to continuously promote the SD memory card as the de-facto industry standard, and to encourage the development of digital A/V, wireless communication, and digital networking products that utilize the many unique benefits of SD technology.

Leading industry consumer and storage companies are spearheading the CE-ATA initiative (www.ce-ata.org) to define a storage interface tailored to the needs of the handheld and consumer electronics (CE) market segments. The objective of the initiative is to define a standard interface for small form factor disk drives that addresses the requirements of the handheld and CE market segments, including low pin count, low voltage, power efficiency, cost effectiveness, and integration efficiency.

QuickLogic to Present at the Summer Tech Fest 2005 Investor Conference Hosted by C.E. Unterberg Towbin and Security Research Associates

Mon, 08 Aug 2005 00:00:00 -0700

QuickLogic Corporation (NASDAQ: QUIK), the inventor and pioneer of Embedded Standard Products (ESPs), will present at the Summer Tech Fest 2005 Investor Conference hosted by C.E. Unterberg Towbin and Security Research Associates on Wednesday, August 10, 2005 in San Francisco, Calif. Mr. E. Thomas Hart, QuickLogic chairman, president and chief executive officer, is scheduled to present at 1:00 p.m. (PT). During the presentation, Mr. Hart will provide an overview of the company's strategy, industry trends influencing its business, and the company's value proposition. A webcast of the presentation will be available:

Date: Wednesday, August 10, 2005

Time: 4:00 p.m. ET / 1:00 p.m. PT for the live presentation

Location: On the web at ir.quicklogic.com

Replay: Available 24 hours after the presentation ends and accessible for 90 days.

QuickLogic Announces Second Quarter Results — Revenue Increases 14% Year-over-Year and Profitability Continues

Wed, 27 Jul 2005 00:00:00 -0700

Note to Editors: Download Financial Tables

QuickLogic Corporation (NASDAQ: QUIK), the inventor and pioneer of Embedded Standard Products (ESPs), today announced its financial results for the second quarter ended June 30, 2005.

Revenue for the second quarter of 2005 was $12.8 million, up 14% from $11.2 million in the second quarter of 2004, and up 2% from $12.5 million in the first quarter of 2005. ESP and Advanced ESP products contributed 41% of revenue in the second quarter of 2005, up from 32% of revenue in the first quarter of 2005. Under generally accepted accounting principles (GAAP), net income for the second quarter of 2005 was $320,000, or $0.01 per share, including a $1.5 million write-down of our investment in Tower Semiconductor Ltd. This compares with a net loss of $529,000, or a net loss of $0.02 per share, in the second quarter of 2004, and with net income of $864,000, or $0.03 per share, in the first quarter of 2005.

Excluding the effect of the investment write-down, non-GAAP net income for the second quarter of 2005 was $1.8 million, or $0.06 per diluted share, compared with non-GAAP net loss of $529,000, or a net loss of $0.02 per share, in the second quarter of 2004, and with non-GAAP net income of $864,000, or $0.03 per diluted share, in the first quarter of 2005.

QuickLogic reports net income or loss in accordance with GAAP and additionally on a non-GAAP basis to highlight infrequent or non-recurring expense the Company may incur from time to time. Non-GAAP results for the second quarter of 2005 exclude write-downs of the Company's investment in Tower Semiconductor Ltd. There was no difference between GAAP and non-GAAP net income or loss in the first quarter of 2005 or in the second quarter of 2004.

“We are very pleased with our second quarter financial results. Our revenue, gross margin percentage and non-GAAP net income were the highest they have been since 2000,” said E. Thomas Hart, chairman, president and CEO. “We were profitable for the second quarter in a row and cash increased to $25.1 million during the quarter. In addition, our low power Eclipse II and QuickPCI II solutions have continued strong design-in activity, especially for micro hard drive and WiFi bridging applications.”

Conference Call

QuickLogic will hold a conference call at 2:30 pm Pacific Time today, July 27, 2005, to discuss the second quarter financial results. To participate, please call 1-866-700-0161 or 1-617-213-8832 (international) by 2:20 p.m. Pacific Time on July 27, 2005. You will need to reference the pass code: 35926789. A live webcast of the conference call will be available via the investor relations page of the company’s website at www.quicklogic.com. A recording of the call will be available starting one hour after completion of the call. To access the recording, please call 1-888-286-8010 or 1-617-801-6888 (international). You will need to reference the pass code: 17940220. Both the webcast and the call recording will be archived until August 10th, 2005.

Non-GAAP Financial Measures

QuickLogic reports financial information in accordance with generally accepted accounting principles (GAAP), but believes that non-GAAP financial measures are helpful in evaluating its operating results and comparing its performance to comparable companies. Accordingly, the Company also uses calculations of (i) non-GAAP net income (loss), which represents net income (loss) excluding the effect of write-downs of the Company's investment in Tower Semiconductor Ltd.; and (ii) non-GAAP net income (loss) per share, which represents basic and diluted net income (loss) per share excluding write-downs of the Company's investment in Tower Semiconductor Ltd. The Company provides this non-GAAP information to enable investors to evaluate its operating results in a manner similar to how the Company analyzes its operating results and to provide consistency and comparability with similar companies in the Company's industry. Investors should note, however, that the non-GAAP financial measures used by the Company may not be the same non-GAAP financial measures, and may not be calculated in the same manner, as that of other companies. The Company does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures alone or as a substitute for financial information prepared in accordance with GAAP. A reconciliation of GAAP net income (loss) to non-GAAP net income (loss) is included in the financial statements portion of this release. Investors are encouraged to review the related GAAP financial measures and the reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures.

QuickLogic Joins New Russell Microcap Index

Fri, 15 Jul 2005 00:00:00 -0700

QuickLogic Corporation (NASDAQ: QUIK), the inventor and pioneer of Embedded Standard Products (ESPs), announced today that it joined the Russell Microcap™ Index. The newly launched Russell Microcap Index, which debuted on July 1, comprises the smallest 1,000 securities in the small-cap Russell 2000™ Index along with the next smallest 1,000 companies, based on a ranking of all U.S. equities by market capitalization.

“We are pleased that QuickLogic is included in the Russell Microcap Index,” said E. Thomas Hart, chairman, president and chief executive officer of QuickLogic. “Our inclusion will help to increase QuickLogic’s visibility among the investment community.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. More than $2.5 trillion in assets currently are benchmarked to them. Investment managers who oversee these funds purchase shares of member stocks according to that company’s weighting in the particular index.

This news release contains certain forward-looking statements that involve risks and uncertainties. Such forward-looking statements include statements regarding the benefits of the company being listed on the Russell Microcap Index. Such statements are only predictions and the company may not realize the stated benefits. Factors that may cause such differences include market conditions and others that are more fully discussed in the company's periodic reports and other filings with the SEC.

QuickLogic Corporation to Present at the C.E. Unterberg, Towbin’s Emerging Growth Conference

Fri, 08 Jul 2005 00:00:00 -0700

QuickLogic Corporation (NASDAQ:QUIK), today announced that it will present at the C.E. Unterberg, Towbin’s Emerging Growth Conference on Tuesday July 12, 2005, at the Mandarin Hotel, located at 80 Columbus Circle at 60th Street, New York City, NY. Mr. E. Thomas Hart, QuickLogic chairman, president and chief executive officer, is scheduled to present from 1:50 p.m. until 2:15 p.m. (ET). During the presentation, Mr. Hart will provide an overview of the company’s strategy, industry trends influencing its business, and the company's value proposition.

There will be a live webcast of the event available through QuickLogic's web site at http://ir.quicklogic.com/

QuickLogic and Viosoft Partner to Provide Embedded Linux Toolkit for Mobile Platform Developers

Mon, 27 Jun 2005 00:00:00 -0700

Arriba Embedded Linux Edition enhances developers’ ability to create and verify time-critical embedded software drivers for QuickLogic’s companion devices for Intel’s PXA2xx processor.

QuickLogic Corporation (NADAQ: QUIK), the pioneer of Embedded Standard Products (ESPs) and a leading supplier of uWatt FPGAs, along with Viosoft®, a provider of fully integrated embedded Linux software solutions, today announced support of QuickLogic’s Wi-Fi bridge and HDD controller solutions for Intel’s PXA2xx® embedded processor with the Arriba Embedded Linux Edition.

Software and driver development has increasingly become a critical element in embedded system development. Not only is having a hardware platform for development a necessity, but also having a software platform that allows engineers to quickly test and debug source code has become crucial. QuickLogic’s hardware development platform and Viosoft’s Arriba debugger provide the hardware and software combination needed to rapidly develop Linux-based mobile embedded applications.

The Arriba Embedded Linux Edition for the QuickLogic Mobile Applications Platform comes pre-configured for Intel’s PXA270 Mainstone DVK system, and supports QuickLogic’s Mobile Applications Board (MAB) running under Embedded Linux. The development environment is customized for the development and deployment of device drivers, loadable modules and user-mode applications.

Among the feature rich functions of the Arriba Embedded Linux are:

Source level debugger of kernel device driver (including init_module code), threads and processes from a single connection

Debugging of device drivers without pre-empting the PXA270 servicing of external interrupts

Graphical debugger GUI hosted on Linux and/or Windows® platforms

Ability to import, configure and integrate various components of the Linux kernel with their applications code from a single desktop environment

GNU cross-compiler and utilities targeted for the Intel PXA270 embedded processor

An Embedded Linux Kernel and Filesystem image for the Mainstone evaluation board

“The challenge with developing applications and drivers for today’s embedded systems is the ability to debug multi-media applications at full system speeds,” said Hieu Tran, CEO and Chairman of Viosoft. “The integration of the Arriba Embedded Linux debugger with QuickLogic’s Wi-Fi and HDD Solution Packs completes the Linux package that customers are looking for in a development environment.”

“Arriba Embedded Linux provides our customers a rich and intuitive development environment to develop, debug and deploy mobile applications based upon QuickLogic’s Wi-Fi and HDD Solution Packs,” said Kevin Yee, Director of Business Development. “Now customers can effectively bring products to market more quickly for the portable and handheld markets.”

Pricing and Availability

The Viosoft Arriba Embedded Linux Edition is available now for $4999 from Viosoft. The Wi-Fi and HDD Solutions Packs, QV-PXA-MiniPCI and QV-PXA-IDE, are available for $999 via QuickLogic. For additional company and product information, please go to http://www.quicklogic.com or http://www.viosoft.com

QuickLogic Ships Industry’s Lowest Power Mil-Temp FPGAs

Tue, 07 Jun 2005 00:00:00 -0700

Eclipse II ultra low-power programmable logic devices combine performance, density and embedded SRAM for high reliability applications

QuickLogic Corporation (NASDAQ: QUIK), the pioneer of Embedded Standard Products (ESPs) and a leading supplier of uWatt FPGAs, today announced the production availability of military-temperature versions of its popular Eclipse II FPGA product. The Eclipse II family of uWatt FPGAs provide customizable logic solutions for critical military applications including aircraft navigation and flight controls, data recorders, weapons systems and military communications equipment. An increasing number of these applications, such as the Joint Tactical Radio System (JTRS), are becoming portable or battery-operated, fueling a requirement for semiconductor suppliers to these markets to concurrently increase functionality at reduced power consumption.

Traditionally, logic solutions for low power military applications have been implemented exclusively in ASICs, due largely to the fact that FPGAs could not minimize their static and dynamic power consumption to an acceptable level. ASICs, however, require lengthy and highly complex development and debug cycles and have procurement models with large minimum order quantities. The industry-leading low power reality of Eclipse II uWatt FPGAs addresses the needs of these power-critical military application segments such as portable personal communications, global positioning and smart munitions. Additionally, the adoption of a device from the Eclipse II uWatt FPGA family drastically reduces design cycle time to a matter of weeks at a fraction of the total cost of ownership of ASICs.

“QuickLogic has a long track record of delivering programmable logic solutions to a broad spectrum of applications within the military and aerospace market segment. The security, non-volatility and instant-on nature of our patented ViaLink® technology make our devices an excellent fit for systems that demand high reliability,” said Brian Faith, Senior Director of Product Marketing.

Technical Information

The entire Eclipse II product family is based on QuickLogic’s patented ViaLink metal-to-metal programmable interconnect technology, enabling the low power, non-volatility, and security demanded by rugged military applications. The quiescent current of the Eclipse II products are as low as 70 uAmps at 125C, two orders of magnitude lower than competitors’ FPGAs under comparable conditions. Densities range from 47K to 320K system gates. Eclipse II incorporates embedded dual-port SRAM and supports a wide range of I/O standards to enable several board-level components to be integrated into a single chip. For technical information and specs, go to www.quicklogic.com/lowpower.

Software and Intellectual Property Support

The Eclipse-II FPGA family is supported in QuickLogic’s QuickWorks version 9.7 development tool suite and is available for download from www.quicklogic.com/software.
QuickLogic offers Intellectual Property targeted specifically for Eclipse-II FPGAs including industry-standard memory and I/O bus interfaces, DSP functions, CPU cores and other commonly used peripherals.

Pricing and Availability

The Eclipse-II Mil-Temp FPGA family of devices starts at $15.00 in 5K piece quantities. For additional company and product information, please go to www.quicklogic.com.

QuickLogic Names Christine Russell to Board of Directors

Mon, 06 Jun 2005 00:00:00 -0700

QuickLogic Corporation (NASDAQ: QUIK), the inventor and pioneer of Embedded Standard Products (ESPs), today announced that Christine Russell, Chief Financial Officer of OuterBay Technologies, has been named to QuickLogic’s Board of Directors. Ms. Russell will also serve as the Company’s designated Audit Committee Financial Expert, replacing Mr. Michael J. Callahan in this capacity.

“Christine brings extensive operating experience and financial expertise to our board of directors,” said Tom Hart, QuickLogic’s Chairman, President, and CEO. “We are very pleased to have Christine join our team and look forward to her overall contributions, especially in the critical role as our Audit Committee Financial Expert.” Ms. Russell’s selection to the QuickLogic Board of Directors brings the total number of directors to six, five of whom are independent. Ms. Russell will serve as a Class III director, with a term of three years expiring on the date on which the Company’s Annual Meeting of Stockholders is held in 2008.

Ms. Russell has been a financial executive in technology for over 20 years with experience in both emerging and larger firms. She was most recently Chief Financial Officer of Ceva, Inc. (NASDAQ: CEVA). She also served as CFO of Persistence Software, Inc. and Valence Technology, both NASDAQ listed companies, where she successfully completed their IPO’s. Prior to Persistence, Ms. Russell was CFO of Cygnus Solutions (subsequently acquired by RedHat), a provider of development tools and platforms for embedded technologies. Other companies where Ms. Russell held financial executive positions include Xerox and Measurex (acquired by Honeywell).

Ms. Russell is a Director and Chair of the Audit Committee of Peak International, Ltd and is a member of the Santa Clara University Leavey School of Business Advisory Board. She also serves as a member of the Ethics and Eligibility Committee of Financial Executives International (FEI) and is a Past President and Board Member of the Silicon Valley Chapter of FEI. Ms. Russell holds BA and MBA degrees from Santa Clara University.

QuickLogic Announces µWatt Programmable Controller for the Intel® PXA2XX Processor Line

Mon, 02 May 2005 00:00:00 -0700

Ultra Low Power Programmable Controller enables rapid adoption of Miniature Hard Disk Drive (HDD) technologies into Intel® PXA2XX-based embedded systems

QuickLogic HDD Solution Pack reduces risk and time to market

QuickLogic Corporation (Nasdaq: QUIK), a pioneer of Embedded Standard Products and µWatt FPGAs, announced their µWatt Programmable Controller optimized for the Intel® PXA2XX Processor line based on Intel’s XScale® technology. The QuickLogic programmable Hard Disk Drive (HDD) controller solution enables designers to expand the Intel® PXA2XX processor’s native interface set to communicate with IDE–based HDDs. Applications such as Handheld Navigational Equipment, Portable Media Players and Portable Medical Systems all stand to benefit from QuickLogic’s industry-leading low power technology.

The QuickLogic programmable controller has been architected specifically to ensure the highest system bandwidth at the lowest power consumption. In consumer electronic (CE) products, particularly multimedia players, processor bandwidth is a precious commodity. By embedding dedicated sector buffers, and by offloading the PXA processor from managing the overhead of IDE timing and polling operations, the QuickLogic controller enables the PXA processor to operate on other processor-intensive tasks concurrently.

In addition to the device itself, QuickLogic has developed a complete HDD Solution Pack that includes a daughtercard for the Intel® PXA270-based Processor Developer’s Kit (“Mainstone” DVK) and a complete Board Support Package (BSP) for the Windows CE and Windows Mobile operating systems. A BSP for the Linux operating system will be released in the near future. The daughter card supports all IDE-compatible HDDs, including the 1.8” and 1.0” form factor miniature disk drives optimized for space-constrained and power-starved consumer products. The Solution Pack enables designers to make system architecture tradeoffs including power consumption, performance and cost, improving developers’ time to market and eliminating risk.

"The combination of Intel’s PXA processor and QuickLogic’s programmable IDE controller is the ideal solution for system developers looking for a low power, high performance answer to the challenge of adding hard disk storage to their portable embedded systems,” said Kevin Yee, QuickLogic’s Director of Business Development.

“Small form factor storage (HDD) is a key element for today’s latest embedded handheld applications where a very large amount of storage of data and rich media is required, such as portable media players and navigation systems,” said Scott Dunagan, Intel’s Director of Marketing for embedded PXA2XX products. “QuickLogic’s µWatt programmable controller provides our embedded customers with a hard disk drive solution with minimal impact to system cost, power and board space.”

The release of this µWatt programmable controller solution underscores QuickLogic’s commitment to providing low power connectivity between the Intel® PXA2XX family of processors and a host of emerging networking, storage and media processing technologies that target portable and handheld markets. QuickLogic recently announced its first µWatt programmable bridge enabling the seamless integration of PCI-based peripherals such as Wi-Fi chipsets, Ultra-Wideband (UWB) devices and Ethernet controllers into embedded systems based on the Intel PXA2XX processor line.

QuickLogic will host a TechOnLine online seminar related to this announcement on May 4, 2005 at 10:00 a.m., PST. To register for the seminar, please go to: www.quicklogic.com/seminar

QuickLogic is a General Member of the Intel® Communications Alliance, a community of communications and embedded developers and solution providers.

Availability

The QuickLogic HDD Solution Pack is sampling today and expected to be in production by the end of May. For pricing, contact your local QuickLogic Sales Representative at www.quicklogic.com/sales or send an email to marketing@quicklogic.com.

QuickLogic Announces First Quarter Results — Revenue Increases 21% Year-on-Year and Company Returns to Profitability

Wed, 27 Apr 2005 00:00:00 -0700

Note to Editors: Download Financial Tables

QuickLogic Corporation (NASDAQ: QUIK), the inventor and pioneer of Embedded Standard Products (ESPs), today announced its financial results for the first quarter ended March 31, 2005.

Revenue for the first quarter of 2005 was $12.5 million, up 21% from revenue of $10.4 million in the first quarter of 2004, and up 13% sequentially as compared to the fourth quarter of 2004. ESP and Advanced ESP products contributed 34% of revenue in the first quarter of 2005. Under generally accepted accounting principles (GAAP), net income for the first quarter of 2005 was $0.9 million, or $0.03 per share, as compared to a net loss of $1.4 million, or $0.06 per share, in the first quarter of 2004, and as compared to a net loss of $6.0 million, or $0.23 per share, in the fourth quarter of 2004.

The pro forma net income for the first quarter of 2005 was $0.9 million, or $0.03 per share, as compared to a net loss of $1.4 million, or $0.06 per share, in the first quarter of 2004, and as compared to a net loss of $1.3 million, or $0.05 per share, in the fourth quarter of 2004.

QuickLogic reports net income (loss) and net income (loss) per share in accordance with GAAP and additionally on a non-GAAP, or pro forma, basis. Pro forma results, where applicable, exclude write-downs of the Company’s investment in Tower Semiconductor Ltd., the write-off of long-lived assets and long-lived asset impairments. There was no difference between GAAP and pro forma net income (loss) in the first quarter of 2005 or in the first quarter of 2004.

“We are very pleased with 13% sequential revenue growth and particularly our return to profitability in the first quarter,” said Tom Hart, Chairman, President and CEO. “Net bookings in the quarter were at an all time high. In addition, our new QuickPCI II and Eclipse II FPGAs – the lowest power FPGAs in the industry – continue to build design momentum with our customers and partners. Our confidence in the revenue potential from these products continues to grow.”

Conference Call

Our conference call is being webcast by CCBN and can be accessed via QuickLogic's website at www.quicklogic.com. For access to the conference call, please call 1-866-761-0748 or 1-617-614-2706 (international) by 2:20 p.m. Pacific Time on April 27, 2005. You will need to reference the pass code: 92426352. A recording of the call will be available starting one hour after completion of the call. To access the recording, please call 1-888-286-8010 or 1-617-801-6888 (international). You will need to reference the pass code: 36758781. Both the webcast and the call recording will be archived until May 11th, 2005.

Non-GAAP Financial Measures

QuickLogic reports financial information in accordance with generally accepted accounting principles (GAAP), but believes that non-GAAP, or pro forma, financial measures are helpful in evaluating its operating results and comparing its performance to comparable companies. Accordingly, the Company also uses calculations of (i) non-GAAP net income (loss), which represents net income (loss) excluding the effect of write-downs of the Company’s investment in Tower Semiconductor Ltd., long-lived asset impairments and the write-off of long-lived assets; and (ii) non-GAAP net income (loss) per share, which represents basic and diluted net income (loss) per share excluding write-downs of the Company’s investment in Tower Semiconductor Ltd., long-lived asset impairments and the write-off of long-lived assets. The Company provides this non-GAAP information to enable investors to evaluate its operating results in a manner similar to how the Company analyzes its operating results and to provide consistency and comparability with similar companies in the Company’s industry. Investors should note, however, that the non-GAAP financial measures used by the Company may not be the same non-GAAP financial measures, and may not be calculated in the same manner, as that of other companies. The Company does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures alone or as a substitute for financial information prepared in accordance with GAAP. A reconciliation of GAAP net income (loss) to non-GAAP net income (loss) is included in the financial statements portion of this release. Investors are encouraged to review the related GAAP financial measures and the reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures.

Intel Corporation and QuickLogic Host Online Seminar on Wireless and Storage Solutions for the PXA Embedded Processor

Wed, 27 Apr 2005 00:00:00 -0700

QuickLogic Corporation (Nasdaq: QUIK), the inventor and pioneer of Embedded Standard Products (ESPs), and Intel Corporation will be hosting a TechOnline Seminar on enabling wireless and storage connectivity solutions for mobile and portable applications using Intel® PXA Embedded Processors.

DATE: Wednesday, May 4th at 10:00 a.m. – 11:00 a.m. (PST)

For more information or to register online, visit: www.quicklogic.com/seminar

What you will learn:

Intel® PXA embedded processor architecture
Architectural tradeoffs and how designs can be tailored for application requirements, including performance, system latency, cost and power consumption
How high throughput wireless connectivity via 802.11ag can be integrated without having to redesign the major hardware/software components of your PXA-based system
How QuickLogic enables connectivity for Intel® PXA embedded processor to miniature Hard Disk Drive storage (HDD), while maximizing system performance and lowering overall power consumption

PC-based technologies, such as 802.11 (Wi-Fi) and HDD are being rapidly adopted in the embedded world. The ubiquitous nature of Wi-Fi and the low price points of miniature HDDs are very appealing for applications such as Voice-over-IP Handphones, Portable Media Players (PMPs), Portable Navigation Equipment, and SmartPhones. The Intel® PXA processor (PXA2XX), along with QuickLogic's intelligent programmable bridges, can enable the high throughput these applications desire at the low power consumption these applications require to be commercially successful. Intel and QuickLogic have demonstrated proven connectivity between the PXA embedded processor and these emerging technologies using the Intel® MainStone DVK and Board Support Packages (BSPs) supporting Windows® CE, Windows® Mobile and Linux.

QuickLogic Enables the Adoption of Atheros Communications’ Advanced Wireless LAN Chipsets

Mon, 18 Apr 2005 00:00:00 -0700

µWatt Programmable Bridges enable WLAN connectivity between embedded systems and Atheros Communications’ 802.11a/b/g chipsets

QuickLogic Corporation (NASDAQ: QUIK), a pioneer of Embedded Standard Products and uWatt FPGAs, announced its uWatt Programmable Bridge optimized for the Atheros Communications® (NASDAQ: ATHR) line of 802.11a/b/g chipsets. The QuickPCI-based bridge solution helps Atheros Communications address additional high volume markets by enabling the necessary connectivity between its PCI-based WLAN chipsets and embedded processors that do not natively support PCI. The single-chip, low-power programmable bridge is ideally suited for applications such as handheld GPS, VoWLAN PDAs, and smartphones.

In addition to the bridge, QuickLogic has developed a complete Wi-Fi connectivity solution based on Atheros Communications’ AR5006XS single chip 802.11a/b/g miniPCI module. The solution includes a daughtercard that plugs seamlessly into the Intel® PXA270-based Processor Developer Kit (“Mainstone” DVK) and a complete Board Support Package (BSP) for the Linux operating system. The daughtercard connects easily into the VLIO connector of the DVK and enables the WLAN module via a miniPCI connector.

This entire design, accomplished through a close collaboration between Atheros Communications and QuickLogic, accelerates developers’ time to market, while significantly reducing both development costs and project risk. Intelligent circuitry implemented in the QuickLogic Programmable Bridge provides additional power management functionality that increases system operating time, while being battery powered. QuickLogic plans to support the Windows CE and Windows Mobile operating systems in the future.

“Atheros has demonstrated clear leadership in the WLAN market by being the first to deliver a single chip 802.11a/b/g solution,” says Dr. Craig Barratt, president and CEO of Atheros Communications. “QuickLogic’s low power programmable interconnect solutions enable our customers to extend Wireless LAN connectivity to mobile embedded systems such as VoIP Phones, and Personal Digital Assistants (PDAs).”

“Atheros Communications has experienced phenomenal adoption of its Wireless LAN technology in the personal computer and networking equipment markets,” said Tom Hart, QuickLogic’s chairman, president and CEO. “We look forward to enabling designers of mobile embedded systems to reap the many benefits of Atheros’ innovative single chip WLAN devices.”

Availability

QuickLogic demonstrated their Wi-Fi 802.11a/b/g connectivity platform based on Atheros’ WLAN technology during the Embedded Systems Conference (ESC) San Francisco 2005. The QuickPCI device is released for production. For pricing, contact your local QuickLogic sales representative at www.quicklogic.com/sales.

QuickLogic Corporation Announces Q1 FY2005 Earnings Conference Call

Thu, 14 Apr 2005 00:00:00 -0700

QuickLogic Corporation (Nasdaq: QUIK), has scheduled a conference call to discuss the company's operating results for its first quarter 2005 on Wednesday, April 27th, 2005, at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time.

QuickLogic Corporation will issue a news release announcing the company's first quarter 2005 results at approximately 1:00 p.m. Pacific Time / 4:00 p.m. Eastern Time (AMC) on April 27th, 2005. The conference call is being webcast by CCBN and can be accessed via QuickLogic's website at ir.quicklogic.com. For access to the live conference call, please call 1-866-761-0748 or International 1-617-614-2706 by 2:20 p.m. Pacific Time on April 27th, 2005. You will need to reference the passcode: 92426352. A recording of the call will be available starting one hour after the completion of the call. To access the recording, please call 1-888-286-8010 or International 1-617-801-6888. You will need to reference the passcode: 36758781. Both the webcast and the call recording will be archived until May 11th, 2005.

QuickLogic in Top Five Logic Suppliers List in EETimes “Ultimate Products”

Wed, 30 Mar 2005 00:00:00 -0800

QuickLogic’s µWatt Programmable Bridges enable low-power connectivity to Wi-Fi modules for mobile embedded applications

QuickLogic Corporation (Nasdaq: QUIK), the pioneer of Embedded Standard Products and µWatt FPGAs, was selected by EETimes readers as one of the Top 5 providers of logic products. The product selected was the QuickLogic Eclipse II Ultra Low Power FPGA coupled with a processor from the Renesas SuperH® family of embedded processors. The Eclipse II FPGA serves as a µWatt programmable bridge, allowing the Renesas processor to intelligently connect to miniPCI and Cardbus-based Wi-Fi modules or chipsets.

A typical reader’s comment on the QuickLogic/Renesas combination was “…very useful for mobile communication. I would like to use it in my work.” The complete list of product categories and products selected is contained in the February 28, 2005 issue of the EETimes Ultimate Products.

Wireless LAN technology, or Wi-Fi, has been proliferating for years into the personal computer and networking equipment market. However, Wi-Fi modules often do not have the same native interface as the embedded processors used in mobile embedded systems such as Smartphones, PDAs, handheld GPS systems and gaming applications. QuickLogic solves this problem by providing an intelligent bridging function between technologies with its ultra-low-power Eclipse II and QuickPCI products. Earlier this month, QuickLogic introduced the first of its µWatt programmable bridges optimized for Intel’s PXA2xx family of embedded processors. Additionally, QuickLogic and Renesas have jointly developed reference platforms that give Voice-over-Wireless LAN (VoWLAN) product designers a “head start” in developing high-quality and feature-rich phones for their customers.

QuickLogic Helps Engineers Break Through the Verification Bottleneck

Thu, 24 Mar 2005 00:00:00 -0800

QuickWorks® 9.7 Hard Macro tool improves the verification cycle time

QuickLogic Corporation (Nasdaq: QUIK), a pioneer of Embedded Standard Products, today announced that QuickWorks® 9.7 is now available. This release integrates a new Hard Macro tool that enables designers to realize dramatic improvements in their verification cycle. The breakthrough capability brings the benefits of the design reuse methodology to designers of QuickLogic’s uWatt FPGA, programmable bridging and programmable SoC products.

As designs continue to grow in complexity, engineers spend significantly more time in the verification phase than the actual design phase. This dilemma is amplified in the consumer electronics (CE) market where product design cycles are typically less than six months. Many of these designs are evolutionary. The ability to leverage the verification efforts of previous designs implementations can significantly improve future development schedules.

“Designers of CE products have clearly embraced programmable logic as a means to deliver their products to market with differentiated features,” said Brian Faith, QuickLogic’s Senior Director of Logic Products. “We believe it is incumbent upon FPGA suppliers to facilitate the improvement of these designers’ aggressive development schedules. Our new Hard Macro tool underscores QuickLogic’s commitment to achieving this by providing a tool focused on maximizing efficiency and minimizing risk.”

QuickLogic designers can now use the Hard Macro tool to “harden” the Verilog or VHDL intellectual property content with embedded placement information. This tool enables the generation of encrypted standard modules that promotes design reuse in future designs.

“Turnkey projects have become more and more important into today’s consumer electronics markets. Shorter time-to-market, shorter product life spans and higher degrees of flexibility demand the most from companies,” said Richard Meester, President of Quest Innovations, B.V. “QuickLogic’s Hard Macro tool, coupled with their uWatt FPGAs and Programmable Bridges, enables Quest Innovations to ensure our customers meet these market demands.”

Pricing and Availability

The QuickWorks 9.7 Windows®-based tool is available today at no cost and can be downloaded at: http://www.quicklogic.com/downloads

QuickLogic Announces µWatt Programmable Bridge for the Intel® PXA2XX Processor Line

Mon, 14 Mar 2005 00:00:00 -0800

Ultra Low Power Programmable Bridge enables rapid adoption of emerging technologies not natively supported by the Intel® PXA2XX Family of processors

Proven solution reduces risk, improves time to market and reduces development costs

QuickLogic Corporation (Nasdaq: QUIK), a pioneer of Embedded Standard Products and µWatt FPGAs, announced their first in a series of µWatt Programmable Bridges optimized for Intel® PXA2XX Processor line based on the Intel XScale® microarchitecture. The QuickPCI-based bridge solution enables designers to expand the Intel XScale® microarchitecture’s native peripheral set to communicate with PCI–based peripherals, such as Wi-Fi, Ultra Wideband and USB2.0. Applications such as Handheld GPS, Portable Medical, VoWLAN PDAs and Smartphones stand to benefit from QuickLogic’s industry leading low power technology.

In addition to the bridge, QuickLogic has developed a complete Wi-Fi solution that includes a Daughtercard that plugs seamlessly into Intel® PXA270-based Processor Developer’s Kit (“Mainstone” DVK) and a complete Board Support Package (BSP) for the Linux operating system. The Daughtercard connects easily into the VLIO connector of the DVK, allowing designers to make system architecture tradeoffs including power consumption, performance and cost. This improves developers’ time to market and eliminates risk. QuickLogic currently plans to support the Windows CE and Windows Mobile operating systems in the future.

“The Intel® PXA2XX Processor line is clearly gaining massive support in high-growth, mobile consumer applications,” said Kevin Yee, QuickLogic’s Director of Business Development. “Our companion solution provides the unique combination of system performance at very low power, a void left unaddressed by traditional FPGA and CPLD solutions.”

“The connectivity that QuickLogic’s programmable bridge provides allows us to address emerging markets with our existing embedded processors,” said Scott Dunagan, Intel’s Director of Marketing. “In particular, it addresses the near-term opportunity presented by the broad availability of 802.11a/b/g chipsets for portable and handheld consumer market segments such as VoWLAN phones, games and medical devices.”

The release of this µWatt programmable bridge solution represents the first step towards providing low power connectivity between the Intel® PXA2XX Family of processors and a host of emerging networking, storage and media processing technologies that target portable and handheld markets.

QuickLogic is a General Member of the Intel® Communications Alliance, a community of communications and embedded developers and solution providers.

Availability

QuickLogic demonstrated their Wi-Fi 802.11a/b/g connectivity platform during the Embedded Systems Conference (ESC) San Francisco 2005. The QuickPCI device is production released. For pricing, contact your local QuickLogic sales representative at www.quicklogic.com/sales.