Everspin Announces Contract to Provide MRAM Technology for Strategic Radiation Hardened FPGA
Everspin Technologies (NASDAQ: MRAM) has secured a $1.8 million contract with QuickLogic (NASDAQ: QUIK) to provide its AgILYST MRAM technology, logic design, and manufacturing services for developing a Strategic Radiation Hardened (SRH) FPGA. This contract is part of a larger $5.26 million Strategic Radiation Hardened Contract awarded to QuickLogic by the Department of Defense (DoD).
The project aims to support current and future DoD strategic and space system requirements. Everspin's involvement builds on its 12 years of experience in delivering MRAM IP for strategic radiation hardened and space applications. The collaboration also includes Honeywell, focusing on integrating MRAM directly into the FPGA product for DoD applications.
Everspin Technologies (NASDAQ: MRAM) ha ottenuto un contratto di $1,8 milioni con QuickLogic (NASDAQ: QUIK) per fornire la sua tecnologia AgILYST MRAM, design logico e servizi di produzione per lo sviluppo di un FPGA Strategico Resistente alla Radiazione (SRH). Questo contratto fa parte di un contratto più ampio del valore di $5,26 milioni assegnato a QuickLogic dal Dipartimento della Difesa (DoD).
Il progetto mira a supportare i requisiti attuali e futuri del DoD per sistemi strategici e spaziali. Il coinvolgimento di Everspin si basa sui suoi 12 anni di esperienza nella fornitura di IP MRAM per applicazioni strategiche resistenti alla radiazione e spaziali. La collaborazione include anche Honeywell, con l'obiettivo di integrare direttamente l'MRAM nel prodotto FPGA per le applicazioni del DoD.
Everspin Technologies (NASDAQ: MRAM) ha conseguido un contrato de $1.8 millones con QuickLogic (NASDAQ: QUIK) para proporcionar su tecnología AgILYST MRAM, diseño lógico y servicios de fabricación para el desarrollo de un FPGA Estratégico Resistente a la Radiación (SRH). Este contrato es parte de un contrato más grande de $5.26 millones otorgado a QuickLogic por el Departamento de Defensa (DoD).
El proyecto tiene como objetivo apoyar los requisitos actuales y futuros del DoD para sistemas estratégicos y espaciales. La participación de Everspin se basa en sus 12 años de experiencia en la entrega de IP de MRAM para aplicaciones estratégicas resistentes a la radiación y espaciales. La colaboración también incluye a Honeywell, centrándose en integrar MRAM directamente en el producto FPGA para aplicaciones del DoD.
Everspin Technologies (NASDAQ: MRAM)는 QuickLogic (NASDAQ: QUIK)와 180만 달러 계약을 체결하고, AgILYST MRAM 기술, 논리 설계 및 제조 서비스를 제공하여 전략적 방사선 내성 FPGA(SRH)를 개발합니다. 이 계약은 국방부(DoD)로부터 QuickLogic에 할당된 526만 달러 규모의 전략적 방사선 내성 계약의 일부입니다.
이 프로젝트는 현재 및 미래의 DoD 전략 및 우주 시스템 요구 사항을 지원하는 것을 목표로 하고 있습니다. Everspin의 참여는 전략적 방사선 내성 및 우주 애플리케이션을 위한 MRAM IP를 제공한 12년 경험을 바탕으로 하고 있습니다. 이 협력은 Honeywell도 포함되어 있으며, DoD 애플리케이션을 위해 MRAM을 FPGA 제품에 직접 통합하는 데 초점을 맞추고 있습니다.
Everspin Technologies (NASDAQ: MRAM) a obtenu un contrat de 1,8 million de dollars avec QuickLogic (NASDAQ: QUIK) pour fournir sa technologie AgILYST MRAM, le design logique et des services de fabrication pour développer un FPGA Stratégiquement Résistant aux Radiations (SRH). Ce contrat fait partie d'un contrat stratégique plus large de 5,26 millions de dollars attribué à QuickLogic par le Département de la Défense (DoD).
Le projet vise à soutenir les exigences stratégiques et spatiales actuelles et futures du DoD. L'implication d'Everspin s'appuie sur ses 12 ans d'expérience dans la fourniture d'IP MRAM pour des applications stratégiques résistant aux radiations et spatiales. La collaboration inclut également Honeywell, qui se concentre sur l'intégration de l'MRAM directement dans le produit FPGA pour les applications DoD.
Everspin Technologies (NASDAQ: MRAM) hat einen Vertrag über 1,8 Millionen US-Dollar mit QuickLogic (NASDAQ: QUIK) abgeschlossen, um seine AgILYST MRAM-Technologie, Logikdesign und Fertigungsdienste für die Entwicklung eines strategischen strahlungsresistenten FPGA (SRH) bereitzustellen. Dieser Vertrag ist Teil eines größeren 5,26 Millionen US-Dollar umfassenden strategischen strahlungsresistenten Vertrags, der QuickLogic vom Verteidigungsministerium (DoD) zugesprochen wurde.
Das Projekt zielt darauf ab, die aktuellen und zukünftigen Anforderungen des DoD an strategische und Raumfahrtsysteme zu unterstützen. Everspins Beteiligung baut auf 12 Jahre Erfahrung in der Bereitstellung von MRAM-IP für strategische strahlungsresistente und Raumfahrtanwendungen auf. Die Zusammenarbeit umfasst auch Honeywell, die sich darauf konzentriert, MRAM direkt in das FPGA-Produkt für DoD-Anwendungen zu integrieren.
- Secured a $1.8 million contract with QuickLogic
- Part of a larger $5.26 million Strategic Radiation Hardened Contract
- Leveraging 12 years of experience in MRAM IP for radiation hardened applications
- Collaboration with established partners QuickLogic and Honeywell
- Supporting Department of Defense strategic and space system requirements
- None.
Insights
The announcement of Everspin Technologies'
From a financial perspective, while the
- Market Expansion: This contract reinforces Everspin's foothold in the lucrative defense and space sectors, potentially opening doors for future, larger contracts.
- Technology Validation: The Department of Defense's interest in Everspin's MRAM technology for strategic applications validates its reliability and performance, which could attract commercial customers in other high-reliability markets.
- Long-term Growth Potential: With over 12 years of experience in delivering MRAM IP for radiation-hardened applications, Everspin is well-positioned to capitalize on the growing demand for robust, radiation-resistant memory solutions in space and defense systems.
Investors should view this development as a positive indicator of Everspin's technological capabilities and market positioning, rather than focusing solely on the immediate financial impact. The contract's strategic nature could lead to sustained long-term growth and potentially higher-margin business in specialized markets.
Everspin's involvement in developing Strategic Radiation Hardened (SRH) FPGA technology with MRAM integration is a significant technological advancement. Here's why this matters:
- Radiation Hardening: In space and certain defense applications, electronic components must withstand high levels of radiation. Traditional memory technologies can be vulnerable to radiation-induced errors, making MRAM's inherent radiation resistance highly valuable.
- Non-volatility: MRAM retains data even when power is removed, which is important for space and defense systems where unexpected power loss could be catastrophic.
- FPGA Integration: Incorporating MRAM directly into FPGAs creates a powerful, flexible and resilient computing platform. This integration can lead to reduced system complexity, lower power consumption and improved reliability.
- Performance: MRAM offers faster write speeds and unlimited endurance compared to some other non-volatile memory technologies, which is vital for real-time, mission-critical applications.
The collaboration between Everspin, QuickLogic and Honeywell brings together expertise in MRAM, FPGA design and aerospace systems, respectively. This synergy could accelerate the development of next-generation radiation-hardened electronics, potentially revolutionizing space and defense system capabilities.
For Everspin, this project not only showcases their technological prowess but also positions them at the forefront of a niche yet critical market. As space exploration and defense technologies continue to advance, the demand for radiation-hardened, high-performance memory solutions is likely to grow, potentially creating a significant long-term opportunity for Everspin.
This contract is part of the third tranche of the
“Everspin is pleased to continue its collaboration with its partners QuickLogic and Honeywell to integrate MRAM directly into the FPGA product to support the DoD,” said Sanjeev Aggarwal, President Technologies and CEO of Everspin Technologies. “This project builds upon over 12 years of Everspin’s experience in delivering MRAM IP for strategic radiation hardened and space applications.”
Under the contract, Everspin will provide its innovative AgILYST MRAM technology, logic design, and back end of line manufacturing services to advance the development and demonstration of a Strategic Radiation Hardened (SRH) high-reliability Field Programmable Gate Array (FPGA) technology. This initiative supports both current and future Department of Defense (DoD) strategic and space system requirements. The contract with Everspin Technologies is valued at approximately
About Everspin Technologies
Everspin Technologies, Inc., is the world’s leading provider of Magnetoresistive RAM (MRAM). Everspin MRAM delivers the industry’s most robust, highest-performance, non-volatile memory for Industrial IoT, Data Centers, and other mission-critical applications where data persistence is paramount. Headquartered in
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Agency Contact:
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Source: Everspin Technologies, Inc.
FAQ
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