Everspin subcontracts with QuickLogic for U.S. government SRH FPGA project

EVERSPIN TECHNOLOGIES INC.

Agreement dated Oct 3, 2022; subcontracts development portion of Prime Contract (July 27, 2022) for strategic radiation-hardened FPGA.
Everspin receives cash payments upon achieving technical milestones and deliverables under the Agreement.
Non-exclusive, limited IP license granted to QuickLogic for development; royalty-bearing commercial license available upon payment of initial fees.
Everspin retains right to manufacture the MRAM portion of the product specified in the Prime Contract.
Term ends upon completion of deliverables unless options are exercised for additional deliverables.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.