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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
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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
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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 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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.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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.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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.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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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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.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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