quicklogic corp (QUIK) Key Developments
QuickLogic Corporation Enters into Second Amendment to Third Amended and Restated Loan and Security Agreement with Silicon Valley Bank
Oct 1 15
On September 25, 2015, QuickLogic Corporation entered into a Second Amendment to Third Amended and Restated Loan and Security Agreement with Silicon Valley Bank to extend the Agreement for two years through September 25, 2017. The Agreement provides for committed loan advances of up to $6,000,000, subject to increase at the company's election to up to $12,000,000. Under the Agreement, the company is required to maintain a tangible net worth of at least $12,000,000, plus 50% of the proceeds from any equity issuance, plus 50% of the proceeds from any investments, tested as of the last day of each fiscal quarter; unrestricted cash or cash equivalents at the Bank or Bank's affiliates at all times in an amount of at least $6,000,000; and a ratio of quick assets to the results of current liabilities minus the current portion of deferred revenue plus the long-term portion of the obligations of at least 1.10 to 1.00, tested as of the last day of each month.
Runtastic Selects Quicklogic's Sensor Hub and Senseme Algorithm Library for Its New Runtastic Moment Wearable
Sep 9 15
QuickLogic Corporation announced that Runtastic has selected the company's ArcticLink(r) 3 S2 Sensor Hub and SenseMe(TM) Algorithm Library for its new and innovative Runtastic Moment watch, which combines traditional timekeeping with modern activity tracking technology. Runtastic is a leading provider of apps, products and services that track and manage health and fitness data. With more than 140 million downloads and 70 million registered users, Runtastic, which was acquired by adidas Group in August 2015, is a leader in the rapidly expanding mobile health and fitness tracking market. With ten unique designs, which are organized into four collections, the Runtastic Moment leverages this position by integrating 24/7 activity tracking into a fashionable and intuitive analog watch form factor. Through the use of QuickLogic's sensor hub technology, the Runtastic Moment activity tracker delivers up to six months of normal use from only a low-cost watch battery. The QuickLogic S2 sensor hub was designed from the ground up to address the unique requirements for processing the always-on flow of sensor data that is common in wearable devices and some leading edge smartphone designs. With its unique patent pending architecture, the QuickLogic S2 sensor hub supports these requirements with an average power consumption of only 75 W. When combined with QuickLogic's extensive SenseMe Algorithm Library, C-based development tools, and reference design platforms, OEMs can accelerate new product development cycles while minimizing design risks. QuickLogic's clear product roadmap assures OEMs that their design efforts will be extensible to future products.
QuickLogic Corporation Announces Arcticlink(R) 3 S2 Silicon Platform
Aug 26 15
QuickLogic Corporation announced that the company's ArcticLink(r) 3 S2 silicon platform, along with its associated SenseMe(TM) library of sensing algorithms, have been designed into the new, award-winning JUMPY smartwatch for kids. The QuickLogic sensor processing solution provides a fully integrated hardware and software sensor processing platform for this new smartwatch from Taiwan-based startup Joyray. With this platform, Joyray delivers a wide variety of interactive applications and extended battery life that enables children, and their parents, to enjoy the benefits of wearable technology. Designed specifically for younger children, the JUMPY smartwatch relies on Bluetooth(r) and motion sensing technology to interact with other JUMPY, Bluetooth and iPhone devices. QuickLogic's ArcticLink 3 S2 enables a number of gesture-activated features and functions, including a pedometer and unique gaming features. The JUMPY smartwatch features a variety of sensor-based interactive applications that help children learn on their own and through interacting with their peers and parents. Joyray also provides an open software development kit that allows third-party developers to introduce new apps on a regular basis.
Lenovo Group Ltd. Selects Quicklogic's Arcticlink III BX Display Bridge Solution Platform
Aug 19 15
QuickLogic Corporation announced that Lenovo Group Ltd. has selected QuickLogic's ArcticLink III BX display bridge solution platform to enable display bridging in its new C1 wearable. The company recently introduced this set of smart glasses as part of its 'NBC' or 'New Bench' platform designed to make internet-connected devices more interoperable. The ArcticLink III BX CSSP solution met Lenovo's requirements of extremely low power consumption, small 4.5 x 4.5mm package size, cost effectiveness, and ease-of-integration. The ArcticLink III BX solution bridges a MIPI-DSI display interface from an on-board processor to the RGB display used to present the smart glass images to the wearer.
QuickLogic Corporation Announces New EOS S3 Sensor Processing Platform
Aug 11 15
QuickLogic Corporation has announced its new EOS S3 sensor processing platform. The EOS platform incorporates a revolutionary architecture that enables the industry's most advanced and computationally intensive sensor-driven applications at a fraction of the power consumption of competing technologies. The EOS platform is a multi-core SoC that incorporates three dedicated processing engines. These include QuickLogic's proprietary, patent-pending microDSP-like Flexible Fusion Engine (FFE), an ARM Cortex M4F Microcontroller (MCU), and a front-end sensor manager. The FFE and sensor manager handle the bulk of the algorithm processing, which minimizes the duty cycle for the floating point MCU. This approach dramatically lowers aggregate power consumption, and enables mobile, wearable and IoT device designers to introduce next generation sensor-driven applications, such as pedestrian dead reckoning (PDR), indoor navigation, motion compensated heart rate monitoring, and other advanced biological applications within their power budgets. The EOS platform includes a hardened subsystem specifically designed for always-listening voice applications. With its dedicated PDM-to-PCM conversion block, and Sensory's Low Power Sound Detector (LPSD) technology, the EOS system enables always-on voice triggering and recognition while consuming less than 350 microAmps, far better than traditional MCU-based solutions. The EOS platform provides the unique benefit of 2,800 effective logic cells of in-system reprogrammable logic that can be used for an additional FFE or customer-specific hardware differentiated features. No other sensor processing system on the market offers the combination of hardware and software flexibility, computational capacity, and the micro-power operation provided by the EOS platform. The EOS SoC is designed to maximize the efficiency of QuickLogic's extensive SenseMe algorithm library. The EOS S3 platform and SenseMe library are compliant with Android Lollipop as well as various Real Time Operating Systems (RTOS). Since the platform is sensor and algorithm agnostic, it can support third party and customer-developed algorithms through QuickLogic's industry-standard Eclipse Integrated Development Environment (IDE) plugin. The IDE provides optimized and proven code generation tools as well as a debugging environment to ensure quick porting of existing code into both the FFE and the ARM M4F MCU of the EOS S3 platform.