QuickLogic Expands Distribution Network with Spur Microwave Inc. Partnership in the Indian Market

Rhea-AI Summary

QuickLogic (NASDAQ: QUIK) has announced a new distribution agreement with Spur Microwave Inc. (Spur India) to expand its presence in the Indian market. Spur India, a prominent electronics distributor with over 25 years of experience, will now offer QuickLogic's innovative semiconductor products, including FPGAs and eFPGA Hard IP, throughout India.

This partnership aims to provide direct access to QuickLogic's products for customers in the region, particularly for space, avionics, and harsh environment applications where reliability is critical. The collaboration is expected to drive innovation and growth in the Indian electronics market, leveraging Spur India's expertise and QuickLogic's advanced semiconductor solutions.

Positive

• Expansion of distribution network in the growing Indian market
• Partnership with an experienced distributor (Spur India) specializing in high-reliability components
• Increased accessibility of QuickLogic's products for Indian customers
• Potential for growth in the Indian electronics market

Negative

• None.

SAN JOSE, Calif., July 16, 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 new distribution agreement with Spur Microwave Inc. (Spur India). This partnership will significantly strengthen QuickLogic's presence and support for customers across the growing India market.

Spur India is a prominent electronics distributor providing services and solutions for space, avionics, and other harsh environment applications where reliability is critical. They will now offer QuickLogic's innovative semiconductor products, including FPGAs and eFPGA Hard IP, throughout India. This collaboration ensures that customers in the region have direct access to QuickLogic's products, coupled with excellent service, to meet their demanding application needs.

"We are excited to partner with Spur India, a company with a strong reputation and over 25 years of experience in high-reliability components and systems," said Owen Bateman, VP of worldwide sales at QuickLogic. "Their expertise and dedication to customer satisfaction align perfectly with our mission, and we are confident this partnership will significantly benefit our customers in India."

"We are thrilled to introduce QuickLogic's FPGAs and eFPGA Hard IP to our customers in India," said Vinay Chandran , CEO  of Spur India. "These products enhance our existing portfolio, and we anticipate a successful collaboration that will drive innovation and growth in the Indian electronics market."

This strategic alliance, effective immediately, is set to enhance the availability of QuickLogic's semiconductor solutions in key markets across India.

About Spur India

Spur India is a leading distributor of electronic components, providing a wide range of products and solutions to the Indian market. Known for its quality service and customer-centric approach, Spur India is dedicated to delivering innovative and reliable solutions to meet the diverse needs of its clients. For more information, visit spurindia.com.

About QuickLogic

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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SOURCE QuickLogic Corporation

FAQ

What is the new distribution agreement announced by QuickLogic (QUIK) on July 16, 2024?

QuickLogic (QUIK) announced a new distribution agreement with Spur Microwave Inc. (Spur India) to expand its presence in the Indian market and offer its semiconductor products, including FPGAs and eFPGA Hard IP, throughout India.

How will the partnership with Spur India benefit QuickLogic (QUIK)?

The partnership will strengthen QuickLogic's presence in India, provide direct access to its products for Indian customers, and leverage Spur India's expertise in high-reliability components to drive innovation and growth in the Indian electronics market.

What products will Spur India distribute for QuickLogic (QUIK)?

Spur India will distribute QuickLogic's innovative semiconductor products, including FPGAs and eFPGA Hard IP, throughout India.

When does the distribution agreement between QuickLogic (QUIK) and Spur India take effect?

The strategic alliance between QuickLogic and Spur India is effective immediately, as announced on July 16, 2024.