FOR IMMEDIATE RELEASE

Contact: Bill Volz, President
(408) 542-5400

LOGIC DEVICES REPORTS THIRD FISCAL QUARTER OF 2007

SUNNYVALE, Calif. - (August 9, 2007) - LOGIC Devices Incorporated (Nasdaq: LOGC) today reported its results of operations for the third quarter of fiscal 2007, which ended June 30, 2007. Revenues for the third quarter of fiscal 2007 were $1,106,800, down 9 percent from the $1,216.400 reported for the same quarter of fiscal 2006. The Company reported a net loss of $1,427,600 or ($0.21) per share, compared to a net income of $60,100 or $0.01 per share in the same quarter of fiscal 2006. For the nine months ended June 30, 2007, revenues increased 11 percent to $3,727,700, compared to $3,365,300 in the same period of fiscal 2006. The net loss for the nine-month period ended June 30, 2007 was $1,332,300, or ($0.19) per share, compared to a net income of $57,600, or $0.01 per share in the same period of 2006.

"Revenues for the quarter were marginally weaker than anticipated due to slow bookings in late May and early June. Gross margin was significantly impacted by reduced orders for our mature, high-reliability, and higher margin products. Cost of revenues for the quarter includes a write-off of $340,900 of excess inventory and an increase to the inventory reserve of $434,100 for potential excess inventory in the future. While not affecting the results of operations, we also applied $785,900 of previous inventory reserves toward inventory items that were written down to zero-value. Net of these actions, inventory reserves stand at 39 percent of gross inventory as of June 30, 2007. Results of operations were also unfavorably impacted by unusually high professional services that totaled approximately $100,000 more than recent quarters, and by a write-off of capitalized test software development costs of $400,200 that was included in R&D expenses. Because the inventory and capitalized software related charges were non-cash items, the Company’s liquidity, as reflected in our quick and current ratios, remains strong. While the combined effect of these actions severely impacted the quarter’s results, the Company concluded these actions would contribute to more consistent results which more closely match cash flow with earnings in future periods,” stated Bill Volz, president of LOGIC Devices.

“During the quarter we made substantial progress in completing the development project to retool our video frame buffer family with a new foundry source. We also were able to support a number of customer design-ins with the limited frame buffer material we had available that should shorten time to revenue when the retooled design is fully qualified for production. Finally, during the quarter we selected a new, significantly larger, and very technically oriented distributor for sales of our products into the Japanese market,” concluded Volz.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Any statements in this press release regarding expectations of future events are “forward-looking statements” involving risks and uncertainties, including, but not limited to, market acceptance risks, the effect of economic conditions and shifts in supply and demand, the impact of competitive products and pricing, product development, commercialization and technological difficulties, availability of capital, and capacity and supply constraints. Please refer to the Management Discussion and Analysis of Financial Condition and Results of Operations (MD&A) for a discussion of risks in the most recent LOGIC Devices Annual Report on Form 10-K and the quarterly report under Form 10-Q.

LOGIC Devices is develops high performance digital integrated circuits for applications requiring high-density embedded memory, high speed and low power consumption. LOGIC's product solutions address the requirements of leading broadcast video, medical imaging, surveillance, instrumentation, and telecommunications companies. More information about LOGIC Devices is available at www.logicdevices.com.