SUNNYVALE, Calif., July 12, 2023 (GLOBE NEWSWIRE) — GSI Technology, Inc. (Nasdaq: GSIT)Gemini developer Associative Processing Unit (APU) for AI and high-performance parallel computing (HPPC) and a leading provider of high-performance memory solutions for the networking, telecommunications and military markets, today announced that it has been awarded a Phase I SBIR contract in 23.5 AFWERX cohort. Under this contract, GSI Technology will perform a feasibility study to adapt, modify and improve its commercially proven Gemini APU to push Air and Space Force computing to the edge.
GSI Technology is proud to announce its partnership with the United States Air and Space Force, embarking on a mission to explore high-performance edge processing. At the heart of this collaboration is the Gemini APU, a meticulously crafted dual-purpose in-memory processing chip to unleash the potential of various AI applications, including inference and high-performance computing workloads. While the APU is well-suited for data center applications, its exceptional energy efficiency will enable GSI to pursue this impressive capability at the edge as well. In particular, the APU’s integral radiation tolerance makes it an ideal solution for Space Force missions, where reliability is paramount. With this partnership, GSI Technology is spearheading the next generation of edge processing innovation, combining cutting-edge technology and unwavering dedication to deliver exceptional performance and resiliency.
“We are honored to have been awarded this SBIR contract and look forward to partnering with the United States Air and Space Force,” said Lee-Lean Shu, president and CEO of GSI Technology. “We are confident that our expertise in high-performance compute and memory solutions, coupled with our Gemini APU, will help address the challenges associated with computing at the edge.”
This contract represents a significant milestone for GSI Technology, further solidifying its reputation as a trusted and innovative technology partner to military and government agencies. GSI Technology looks forward to continuing to provide cutting-edge solutions that meet the unique needs of its customers.
AFWERX is a United States Air Force program with the goal of fostering a culture of innovation within the service. Encompassing a number of programs supported with relatively small funding amounts, the initiative aims to bypass red tape and bring new entrepreneurs into Air Force programs.
ABOUT GSI TECHNOLOGY
Founded in 1995, GSI Technology, Inc. is a leading provider of semiconductor memory solutions. The company recently launched radiation-resistant memory products for extreme environments in space and Gemini Associative Processing Unit (APU), a memory-centric design that offers significant performance benefits for various AI applications. The Gemini APU architecture removes the I/O bottleneck between processors and memory arrays by performing massively parallel searches directly into the memory array where data is stored. The new architecture delivers performance-to-power improvements over CPU, GPU and DRAM for applications such as image sensing, speech recognition, e-commerce recommender systems and more. Gemini is an ideal solution for edge applications with a scalable form factor, small footprint, and low power consumption where quick and accurate responses are critical. For more information, visit www.gsitechnology.com.
Statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding GSI Technology’s expectations, beliefs, intentions, or strategies regarding the future . All forward-looking statements included in this press release are based on information available to GSI Technology as of today’s date, and GSI Technology undertakes no obligation to update any such forward-looking statements. Forward-looking statements involve a variety of risks and uncertainties, which could cause actual results to differ materially from those anticipated. Examples of risks that could affect our current expectations include: those associated with rapidly evolving markets for GSI Technology’s products and the uncertainty surrounding the development of these markets; intense competition; unanticipated delays or costs that may occur in the development of Gemini-II and other new products based on our on-site associative processing technology; GSI Technology’s ability to receive a Phase II SBIR contract from AFWERX or any future revenue-generating agreement with the United States Air and Space Force and their contractors; and building new markets and customer and partner relationships to sell our new associative computing products on site. Additional information about these and other risks relating to GSI Technology’s business is contained in the Company’s filings with the Securities and Exchange Commission, including the factors discussed under the heading “Risk Factors” in those filings.
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