GSI Technology Receives Award With Potential Total Value Of ~$1.25M From The Space Development Agency To Develop A Next-Generation Associative Processing Unit For Enhanced Space-Based Capabilities
Portfolio Pulse from Happy Mohamed
GSI Technology, Inc. (NASDAQ:GSIT) has received an award from the Space Development Agency (SDA) with a potential total value of approximately $1.25 million. The award is for the development of a Next-Generation Associative Processing Unit-2 (APU2) 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.
June 29, 2023 | 12:33 pm
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GSI Technology has received a significant award from the Space Development Agency, which could potentially boost its revenues and enhance its reputation in the space technology sector.
The award from the Space Development Agency is a significant achievement for GSI Technology. It not only provides a potential revenue boost of $1.25 million, but also positions the company as a key player in the development of next-generation space technology. This could potentially attract more partnerships and contracts in the future, positively impacting the company's stock price.
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