GSI Technology receives potential $1.25M award from Space Development Agency

GSI Technology announced its receipt of an Other Transaction Agreement award with a total potential value of approximately $1.25M with the Space Development Agency for the development of a dual use Next-Generation Associative Processing Unit-2 for Enhanced Space-Based Capabilities. The U.S. Space Force is actively seeking solutions to address current limitations in processing big data needed to execute the mission objectives of the SDA within the evolving and challenging space environment. This award was competitively selected through the Small Business Innovation Research program, a competitive program that encourages small businesses to engage in federal research and development with the potential for commercialization. Under the terms of this Direct to Phase II award, GSI Technology will develop an advanced non-Von-Neumann Associative Processing Unit-2, compute in-memory IC, and design and fabricate an APU2 Evaluation Board. Pursuant to an agreed-upon schedule, GSI will receive milestone payments totaling an estimated $1.25M upon the successful completion of predetermined milestones.