QuickLogic Expands Global Reach with Astute Electronics Distribution Agreement
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QuickLogic Signs Distribution Agreement with Astute Electronics to Expand Global Reach
SAN JOSE, Calif., July 31, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs, and endpoint AI solutions, is pleased to announce a distribution agreement with Astute Electronics. This partnership will enhance QuickLogic's global reach by supporting customers across Europe, as well as in Australia, Israel, Turkey, and New Zealand. Astute Electronics, one of the world's most knowledgeable experts in international electronic component procurement, distribution, and supply chain management, will deliver QuickLogic's cutting-edge solutions to a diverse range of customers across multiple market segments. Trusted to deliver in the most complex, mission-critical, and technologically advanced arenas, including Aerospace and Defense, Astute Electronics will collaborate with QuickLogic to expand the reach and accessibility of QuickLogic's FPGAs and eFPGA Hard IP in key regions, ensuring customers receive outstanding service and support. "We are thrilled to partner with Astute Electronics, a company that shares our commitment to innovation and customer satisfaction," said Owen Bateman, VP of worldwide sales at QuickLogic. "Their extensive distribution network and deep expertise will significantly bolster our presence in key markets such as Aerospace and Defense, and other mission-critical markets." Astute Electronics' Nigel Watts, Director of Global Business Development, added, "We are excited to bring QuickLogic's industry-leading FPGA and eFPGA Hard IP solutions to our customers. Their technology perfectly complements our existing portfolio, and we are confident that this partnership will deliver significant value to our customers." This strategic alliance is set to drive growth and innovation, providing customers in Europe, Australia, Israel, Turkey and New Zealand with access to QuickLogic's state-of-the-art semiconductor solutions. Astute Electronics is a leading distributor of electronic components and custom solutions, providing a comprehensive range of products and services to the aerospace, defense, industrial, and automotive sectors. With a strong focus on quality and customer service, Astute Electronics is committed to delivering innovative solutions to meet the evolving needs of its customers. For more information, visit astutegroup.com. QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company that develops innovative embedded FPGA (eFPGA) IP, discrete FPGAs, and FPGA SoCs for a variety of industrial, aerospace and defense, edge and endpoint AI, consumer, and computing applications. Our wholly-owned subsidiary, SensiML Corporation, completes the end-to-end solution portfolio with AI / ML software that accelerates AI at the edge/endpoint. For more information, visit quicklogic.com. QuickLogic and logo are registered trademarks of QuickLogic. All other trademarks are the property of their respective holders and should be treated as such.
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QuickLogic Signs Distribution Agreement with Astute Electronics to Expand Global Reach - QuickLogic (NASDAQ:QUIK)
SAN JOSE, Calif., July 31, 2024 /PRNewswire/ -- QuickLogic Corporation QUIK, a developer of embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs, and endpoint AI solutions, is pleased to announce a distribution agreement with Astute Electronics. This partnership will enhance QuickLogic's global reach by supporting customers across Europe, as well as in Australia, Israel, Turkey, and New Zealand. Astute Electronics, one of the world's most knowledgeable experts in international electronic component procurement, distribution, and supply chain management, will deliver QuickLogic's cutting-edge solutions to a diverse range of customers across multiple market segments. Trusted to deliver in the most complex, mission-critical, and technologically advanced arenas, including Aerospace and Defense, Astute Electronics will collaborate with QuickLogic to expand the reach and accessibility of QuickLogic's FPGAs and eFPGA Hard IP in key regions, ensuring customers receive outstanding service and support. "We are thrilled to partner with Astute Electronics, a company that shares our commitment to innovation and customer satisfaction," said Owen Bateman, VP of worldwide sales at QuickLogic. "Their extensive distribution network and deep expertise will significantly bolster our presence in key markets such as Aerospace and Defense, and other mission-critical markets." Astute Electronics' Nigel Watts, Director of Global Business Development, added, "We are excited to bring QuickLogic's industry-leading FPGA and eFPGA Hard IP solutions to our customers. Their technology perfectly complements our existing portfolio, and we are confident that this partnership will deliver significant value to our customers." This strategic alliance is set to drive growth and innovation, providing customers in Europe, Australia, Israel, Turkey and New Zealand with access to QuickLogic's state-of-the-art semiconductor solutions. About Astute Electronics Astute Electronics is a leading distributor of electronic components and custom solutions, providing a comprehensive range of products and services to the aerospace, defense, industrial, and automotive sectors. With a strong focus on quality and customer service, Astute Electronics is committed to delivering innovative solutions to meet the evolving needs of its customers. For more information, visit astutegroup.com. About QuickLogic QuickLogic Corporation QUIK is a fabless semiconductor company that develops innovative embedded FPGA (eFPGA) IP, discrete FPGAs, and FPGA SoCs for a variety of industrial, aerospace and defense, edge and endpoint AI, consumer, and computing applications. Our wholly-owned subsidiary, SensiML Corporation, completes the end-to-end solution portfolio with AI / ML software that accelerates AI at the edge/endpoint. For more information, visit quicklogic.com. QuickLogic and logo are registered trademarks of QuickLogic. All other trademarks are the property of their respective holders and should be treated as such. View original content to download multimedia:https://www.prnewswire.com/news-releases/quicklogic-signs-distribution-agreement-with-astute-electronics-to-expand-global-reach-302210527.html SOURCE QuickLogic Corporation Market News and Data brought to you by Benzinga APIs
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QuickLogic Corporation, a developer of embedded FPGA IP and ultra-low power multi-core voice-enabled SoCs, has signed a distribution agreement with Astute Electronics to enhance its global market presence.
QuickLogic Partners with Astute Electronics
QuickLogic Corporation, a leading developer of embedded FPGA (eFPGA) intellectual property (IP), ultra-low power multi-core voice-enabled SoCs, and endpoint AI solutions, has announced a significant move to expand its global market presence. The company has signed a distribution agreement with Astute Electronics, a premier electronics distributor known for its expertise in component distribution and supply chain solutions
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.Strategic Expansion of QuickLogic's Reach
This partnership is strategically designed to broaden QuickLogic's global footprint, particularly in key markets such as the United Kingdom, Ireland, Germany, and Israel. By leveraging Astute Electronics' established presence and expertise in these regions, QuickLogic aims to enhance its ability to serve customers more effectively and efficiently
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.Product Portfolio and Market Focus
The distribution agreement covers QuickLogic's entire product portfolio, including its eFPGA IP, software, and SoC products. This comprehensive offering is expected to cater to a wide range of applications across various industries. The focus will be on addressing the growing demand for flexible, low-power semiconductor solutions in markets such as aerospace, defense, industrial, and consumer electronics
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.Benefits of the Partnership
Brian Faith, QuickLogic's President and CEO, expressed enthusiasm about the collaboration, highlighting Astute Electronics' strong technical expertise and established relationships with key customers in target markets. This partnership is expected to accelerate QuickLogic's growth by tapping into new customer bases and expanding its presence in strategic geographical areas
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Astute Electronics' Perspective
From Astute Electronics' standpoint, the addition of QuickLogic's innovative products to their portfolio strengthens their offering in the semiconductor space. The distributor sees this as an opportunity to provide its customers with cutting-edge solutions that address the evolving needs of the electronics industry, particularly in areas requiring low-power, high-performance computing capabilities
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.Market Impact and Future Prospects
This strategic alliance comes at a time when the demand for flexible and efficient semiconductor solutions is on the rise. QuickLogic's eFPGA technology and low-power SoCs are well-positioned to meet the needs of various applications, from IoT devices to more complex systems in aerospace and defense. The partnership with Astute Electronics is expected to not only boost QuickLogic's market presence but also contribute to the broader adoption of its technologies across different sectors
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