Since today’s announcement of the Sensor Platforms (SPI) acquisition might confuse or possibly concern investors who follow our company closely, I want to assure investors that we do not believe it will have a negative impact on our sensor hub CSSP initiatives, or change the roadmap we outlined during our April conference call. During that conference call we outlined our sensor hub strategy and platform roadmap, as well as our relationship with SPI.
Our Sensor Hub strategy leverages two business models – CSSPs and Catalog CSSPs. Within the Catalog CSSP product offering, our first algorithm partner was SPI. We’ve worked closely with SPI to refine and optimize their FreeMotion algorithms for use in both models, and have ported them to our core platform. With this partnership we have engaged numerous customers and applications with a turnkey catalog CSSP solution.
To support the CSSP business model, we announced the availability of our internally developed IDE that enables OEMs and algorithm companies to port their own software to our sensor hub. Potential customers have been working with this tool since the first IDE release.
In support of both business models, we begun staffing our own PhD algorithm team earlier this year, and continue to actively recruit to build this team. The goal of that team is to expand our sensor platform value proposition through internal development of software and algorithm solutions.
As we pointed out during our April conference call, our current and future sensor hub platforms are intentionally designed to be algorithm, sensor and processor agnostic. Since then we’ve brought up our sensor hub on a variety of applications processor platforms, have released our first internally developed context and gesture algorithms and qualified / optimized sensor families from the largest suppliers in the field. We look forward to providing more color on those and other developments in the near future.
This morning we announced a key addition to the QuickLogic executive advisory board. We are proud and excited that Steve Whalley is joining our advisory board. As Chief Strategy Office for the MEMS Industry Group (MIG), his broad ranging experience and knowledge should be invaluable as we rapidly expand our capabilities to address this exciting and rapidly growing market.