GSI Technology Secures U.S. Army Contract for Advanced Edge AI Computing

GSI Technology Selected for U.S. Army SBIR Contract to Advance Edge AI Computing - GSI Technology (NASDAQ:GSIT)

SUNNYVALE, Calif., Jan. 17, 2025 (GLOBE NEWSWIRE) -- GSI Technology, Inc. GSIT, the inventor of the Associative Processing Unit (APU), a paradigm shift in artificial intelligence (AI) and high-performance compute (HPC) processing providing true compute-in-memory technology, today announced it has been selected by the U.S. Army for a potential contract award of up to $250,000 under the DoD Small Business Innovation Research (SBIR) program. The contract represents a significant opportunity for GSI to develop advanced, Army-specific edge computing AI solutions using its groundbreaking Gemini-II technology. The project will focus on two critical objectives that showcase the potential of GSI's innovative architecture. First, GSI will determine the feasibility of integrating Gemini-II with AI models specifically tailored for the Army's edge computing needs. This will involve a comprehensive assessment of operational challenges, optimization with the Gemini-II architecture, and establishing key performance metrics through detailed customer discovery and technical specifications for edge AI development. The second objective centers on identifying and validating the most suitable AI algorithms for the Gemini-II platform. GSI will conduct in-depth research to select efficient edge AI models, develop a detailed integration plan, and evaluate performance metrics for low-latency and high-throughput applications of value in military environments. "This contract with the U.S. Army represents a significant opportunity for GSI Technology to demonstrate the transformative potential of our compute-in-memory architecture for military applications," said Lee-Lean Shu, CEO of GSI Technology. "Our Gemini-II platform offers substantial processing capabilities that can dramatically enhance the Army's operational efficiency and situational awareness." The Gemini-II is second generation APU technology based on the GSI compute-in-memory architecture that processes data directly in memory structures, addressing critical challenges in advanced computing. By performing data processing directly in memory, the technology significantly reduces power consumption and bottleneck transfer latency while increasing overall processing capacity. The platform features two million-bit processors per chip, enabling parallel processing and real-time data handling in demanding operational scenarios. Particularly noteworthy is the project's focus on developing 1-bit Large Language Models (LLMs) for the U.S. Army that maintain high accuracy while providing exceptionally low power consumption and minimal latency. This innovation not only promises to benefit warfighters but also presents compelling application opportunities across multiple dual-use markets, including complex computer vision recognition, autonomous vehicle navigation and mobile data computation. "The SBIR contract underscores GSI Technology's commitment to pushing the boundaries of edge computing and AI technologies," added Shu. "Addressing the U.S. Army's need for robust AI capabilities that enhance situational awareness and decision making, GSI is positioning itself at the forefront of technological innovation in the defense and commercial computing sectors." ABOUT GSI TECHNOLOGY Founded in 1995, GSI Technology, Inc. is a provider of semiconductor memory solutions. GSI's resources are focused on bringing new products to market that leverage existing core strengths, including radiation-hardened memory products for extreme environments and Gemini-I, the associative processing unit designed to deliver performance advantages for diverse artificial intelligence applications. GSI Technology is headquartered in Sunnyvale, California, and has sales offices in the Americas, Europe, and Asia. For more information, please visit www.gsitechnology.com. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding GSI Technology's expectations, beliefs, intentions, or strategies regarding the future. All forward-looking statements included in this press release are based upon information available to GSI Technology as of the date hereof, and GSI Technology assumes no obligation to update any such forward-looking statements. Forward-looking statements involve a variety of risks and uncertainties, which could cause actual results to differ materially from those projected. Examples of risks that could affect our current expectations include: those associated with the rapidly evolving markets for GSI Technology's products and uncertainty regarding the development of these markets; intensive competition; delays or unanticipated costs that may be encountered in the development of Gemini-II platform and other new products based on our in-place associative computing technology; and the establishment of new markets and customer and partner relationships for the sale of our new in-place associative computing products. Further information regarding these and other risks relating to GSI Technology's business is contained in the Company's filings with the Securities and Exchange Commission, including those factors discussed under the caption "Risk Factors" in such filings. Contacts: Investor Relations: Hayden IR Kim Rogers 385-831-7337 [email protected] Media Relations: Finn Partners for GSI Technology Ricca Silverio 415-348-2724 [email protected] Company: GSI Technology, Inc. Douglas M. Schirle Chief Financial Officer 408-331-9802 GSITGSI Technology Inc$3.0811.9%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs

GSI Technology stock soars on U.S. Army contract potential By Investing.com

Investing.com -- Shares of GSI Technology (NASDAQ:GSIT) surged 59% following the announcement that the company has been selected for a potential contract award by the U.S. Army under the Department of Defense Small Business Innovation Research (SBIR) program. The contract, which could be worth up to $250,000, is aimed at developing advanced edge computing AI solutions using GSI's innovative Gemini-II technology. The contract win is seen as a significant endorsement of GSI's Associative Processing Unit (APU) and its compute-in-memory architecture, which is designed to provide a leap in AI and high-performance computing processing. The Gemini-II technology enables data processing directly within memory structures, which can lead to reductions in power consumption and latency while boosting processing capacity. GSI's project with the U.S. Army will focus on integrating the Gemini-II technology with AI models tailored to the Army's edge computing needs. This involves assessing operational challenges, optimizing the Gemini-II architecture, and setting key performance metrics. Additionally, the company will identify and validate AI algorithms suitable for the platform, aiming to enhance the Army's operational efficiency and situational awareness. Lee-Lean Shu, CEO of GSI Technology, highlighted the transformative potential of their technology for military applications, saying, "Our Gemini-II platform offers substantial processing capabilities that can dramatically enhance the Army's operational efficiency and situational awareness." The technology's ability to process data directly in memory addresses crucial challenges in advanced computing and is particularly suited for applications that require low-latency and high-throughput. The company's efforts to develop 1-bit Large Language Models (LLMs) for the U.S. Army also stand out, promising high accuracy with low power consumption and minimal latency. These advancements have the potential to extend beyond military use into dual-use markets such as autonomous vehicle navigation and mobile data computation. The SBIR contract underscores GSI Technology's ambition to lead in the edge computing and AI sectors, with Shu adding that it represents the company's dedication to pushing the boundaries of technological innovation for both defense and commercial computing applications. The market's response to the announcement reflects optimism about GSI's ability to capitalize on this opportunity and deliver on the project's objectives.

GSI Technology to Announce Fiscal Third Quarter 2025 Results on January 30, 2025 - GSI Technology (NASDAQ:GSIT)

SUNNYVALE, Calif., Jan. 16, 2025 (GLOBE NEWSWIRE) -- GSI Technology, Inc. GSIT, developer of the Gemini ® Associative Processing Unit (APU) for AI and high-performance parallel computing (HPPC) and a leading provider of high-performance memory solutions for networking, telecommunications and military markets, will announce financial results for its fiscal third quarter 2025 ended December 31, 2024 after the market close on Thursday, January 30, 2025. Management will also conduct a conference call to review the Company's third quarter financial results and its current outlook for the fourth quarter of fiscal 2025 at 1:30 p.m. Pacific time (4:30 p.m. Eastern Time) on that same day. To participate in the call, please dial 1-877-407-3982 in the U.S. or 1-201-493-6780 for international approximately 10 minutes prior to the above start time and provide Conference ID 13751185. The call will also be streamed live via the internet at https://ir.gsitechnology.com/. A replay will be available from January 30, 2025 at 7:30 p.m. Eastern Time through February 6, 2025 at 11:59 p.m. Eastern Time by dialing toll free for the U.S. 1-844-512-2921 or international 1-412-317-6671 and entering pin number 13751185. A webcast of the call will be archived on the Company's investor relations website under the Events and Presentations tab. ABOUT GSI TECHNOLOGY GSI Technology is at the forefront of the AI revolution with our groundbreaking APU technology, designed for unparalleled efficiency in billion-item database searches and high-performance computing. GSI's innovations, Gemini-I® and Gemini-II®, offer scalable, low-power, high-capacity computing solutions that redefine edge computing capabilities. GSI Technology is not just advancing technology; we're shaping a smarter, faster, and more efficient future. For more information, please visit www.gsitechnology.com. Contacts: Investor Relations: Hayden IR Kim Rogers 385-831-7337 [email protected] Media Relations: Finn Partners for GSI Technology Ricca Silverio 415-348-2724 [email protected] Company: GSI Technology, Inc. Douglas M. Schirle Chief Financial Officer 408-331-9802 GSITGSI Technology Inc$2.65-5.35%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs