Yes, the FireStudio Project is loaded with internal flash memory so that all FireControl settings are saved and recalled in the FireStudio Project during power off/on. This allows you to configure your FireStudio as a standalone device, without being connected to a computer for uses such as a submixer, A/D and D/A-converter, headphone mixer, format converter, instrument, or microphone preamplifier.
This can be done via the Universal Control software that operates the unit. This is listed in the manual on page 22 of the Project's Manual:
https://pae-web.presonusmusic.com/downloads/products/pdf/FireStudioProject_OwnersManual_EN.pdf