QuickLogic Announces Proposed Offering of Common Stock

QuickLogic Corporation

today announced that it intends to offer, subject to market and other conditions, newly issued shares of common stock, $0.001 par value (the "Offering" with such shares being the "Shares") in an underwritten public offering under an effective shelf registration statement on file with the Securities and Exchange Commission. The final terms of the Offering will depend on market and other conditions at the time of pricing.The Company expects to use the net proceeds from the Offering for working capital and other general corporate purposes. The Company may also use a portion of the net proceeds for licensing or acquiring intellectual property or technologies to incorporate in its products, capital expenditures, to fund possible investments in and acquisitions of complementary businesses, partnerships, minority investments or to repay debts.Roth Capital Partners is serving as the sole book-running manager for the Offering and The Benchmark Company is acting as co-manager. The Offering of the Shares may be made only by means of a preliminary prospectus supplement and the accompanying prospectus, copies of which can be obtained at the SEC's website at http://www.sec.gov