QuickLogic and PACT team to develop Multi-Processor programmable SoC solutions for wireless and multimedia applications

Highly integrated QuickMIPS design solutions "turbo-charged" with PACT's XPP array

Communications Design Conference, San Jose, California -- September 24, 2002 -- QuickLogic Corporation (Nasdaq: QUIK), the pioneer in Embedded Standard Products (ESPs), and PACT XPP Technologies, the leader in reconfigurable parallel processing solutions, today announced they have signed a Memorandum of Understanding to develop a next-generation programmable System-on-Chip (SoC) platform that combines a DSP co-processor with a CPU. This combination can be used to handle the billions of bytes per second throughput required for multi-media and wireless systems, such as wireless LANs and Base Stations; VoIP; video and audio compression/decompression.

By combining QuickLogic's MIPs-based programmable System-on-Chip (SoC) with PACT's XPP re-configurable coprocessor, the companies expect to offer a platform that embeds a CPU, programmable logic and re-configurable DSP capability for applications that require high-performance, high throughput and low power. The agreement is co-signed by MIPS Technologies (Nasdaq: MIPS), which will provide the necessary information to define the coupling of the MIPS hard cores to the XPP array and QuickLogic's secure ViaLink™ programmable QuickMIPS architecture.

"Developing a platform that utilizes these unique technologies represents the next significant milestone in our ESP development for the QuickMIPS product line," said John Birkner, VP and co-founder of QuickLogic. "Using PACT's massively parallel, XPP cores as an ‘algorithmic co-processor' in tandem with the flexible MIPS RISC CPU gives designers a hardware- and software-programmable solution that has thus far been reserved for ASICs or dedicated DSPs".

"A closely-coupled architecture between QuickLogic, MIPS Technologies and PACT combines to give a ‘turbo-charged' effect," said Tom Hart, President and CEO of QuickLogic. "Basically, it would provide the benefits of software and hardware programmability on a flexible platform, significantly increasing performance and reducing power over today's DSP or microcontroller-based solutions. "

"This development alliance supports designer's requirements for more processing power, extra programmability and low power," said Dr. Eckardt Bihler, President and CEO of PACT XPP Technologies. "The XPP provides a high concentration of computational power and in effect ‘turbo-charges' the design. When combined with the QuickMIPS™ solution, engineers have everything they need to develop a system, so more of their time can be spent developing functionality that differentiates their end product."

QuickLogic Embedded Standard Product (ESP) Advantages
QuickLogic's ESP families offer standard product time-to-market and economics coupled with user customizable logic – on the same piece of silicon. The performance, power and cost advantages provided by these innovative devices and QuickLogic's ViaLinkÒ based logic architecture, make these integrated circuits ideal for high-speed, low-power applications such as data and telecom systems, instrumentation and test systems. QuickLogic ESP families include QuickMIPS™, QuickPCI™, QuickRAM™, QuickDSP™, QuickFC™ and Quic™.

About QuickLogic
QuickLogic Corporation (Nasdaq: QUIK) began developing the Embedded Standard Product (ESP) architecture in 1998, an innovation that delivers the guaranteed performance and lower cost of standard semiconductor products and the flexibility and time-to-market benefits of programmable logic. QuickLogic's ViaLink metal-to-metal interconnect technology offers high performance and is the foundation of the company's ESP families as well as our core FPGA products. Founded in 1988, the company is located at 1277 Orleans Drive, Sunnyvale, CA 94089-1138. For more information please visit the QuickLogic web site at www.quicklogic.com

About PACT
PACT XPP Technologies, Inc. is a semiconductor and intellectual property vendor that has developed a unique, wave-reconfigurable architecture that combines the performance of an ASIC with the flexibility of a DSP. PACT has developed the world's more powerful 32-bit processor core as a first implementation of the company's eXtreme Processor Platform (XPP), which has demonstrated performance up to 50X greater than conventional sequential processors and 20X higher than DSPs. PACT provides XPP cores that can be easily tailored for next-generation mobile telephones, base stations, workstations and other high-performance devices. For more information please visit the PACT website at: www.pactxpp.com

Safe Harbor Statement Under The Private Securities Litigation Reform Act of 1995
This news release contains forward-looking statements based on current expectations that involve risks and uncertainties including statements regarding the potential development of a single-chip platform that combines QuickLogic, MIPS Technologies, and PACT XPP Technologies products. QuickLogic's actual results may differ from the results described in the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, general conditions in the semiconductor industry, interaction of QuickLogic products with those of other companies and the quality of QuickLogic's support services. These and other risk factors are detailed in QuickLogic's periodic reports and registration statements filed with the Securities and Exchange Commission.

QuickLogic, the QuickLogic logo and ViaLink are registered trademarks and QuickRAM, QuickPCI, QuickFC, QuickDSP, and QuickSD are trademarks of QuickLogic Corporation. All other brands or trademarks are the property of their respective holders and should be treated as such.