Spectra7 Experiences Significant Increase in Demand for GaugeChanger™ Products in Q1 2018
March 13 2018 - 8:30AM
Spectra7 Microsystems Inc. (TSX:SEV) (“Spectra7” or the “Company”),
a leading provider of high-performance analog semiconductor
products for broadband connectivity markets, announced today at the
Optical Networking and Communication Conference and Exhibition
(OFC) that it is seeing a significant increase in both demand and
orders for its GaugeChanger™ products being designed into
QSFP-DD Data Center Interconnects.
“We are seeing very strong interest in our
solutions at 100/400G from cable suppliers, network equipment
suppliers, as well as data center operators,” said Spectra7 CEO
Raouf Halim. “As we expect increased adoption of 100/400G Ethernet
in 2018, the timing is ideal for Spectra7 to bring the
GaugeChanger™ products to market.”
GaugeChanger™ is an innovative and
disruptive technology that allows copper to extend to much greater
lengths without the cost and power penalty of optics. It works
equally well at 25Gbps NRZ and 50Gbps PAM4, enabling new connector
standards of 100/200/400 Gbps.
ABOUT OFC
The OFC is billed as the largest global
conference and exhibition for optical communications and networking
professionals. For over 40 years, OFC has drawn attendees from all
corners of the globe to meet and greet, teach and learn, make
connections and move business forward.
For more information about the OFC, please
visit https://www.ofcconference.org/en-us/home/about/.
ABOUT SPECTRA7 MICROSYSTEMS
INC.
Spectra7 Microsystems Inc. is a high performance
analog semiconductor company delivering unprecedented bandwidth,
speed and resolution to enable disruptive industrial design for
leading electronics manufacturers in virtual reality, augmented
reality, mixed reality, data centers and other connectivity
markets. Spectra7 is based in San Jose, California with design
centers in Markham, Ontario, Cork, Ireland, and Little Rock,
Arkansas. For more information, please
visit www.spectra7.com.
CAUTIONARY NOTES
Certain statements contained in this press
release constitute “forward-looking statements”. All statements
other than statements of historical fact contained in this press
release, including, without limitation, those regarding the
Company’s future financial position and results of operations,
strategy, proposed acquisitions, plans, objectives, goals and
targets, and any statements preceded by, followed by or that
include the words “believe”, “expect”, “aim”, “intend”, “plan”,
“continue”, “will”, “may”, “would”, “anticipate”, “estimate”,
“forecast”, “predict”, “project”, “seek”, “should” or similar
expressions or the negative thereof, are forward-looking
statements. These statements are not historical facts but instead
represent only the Company’s expectations, estimates and
projections regarding future events. These statements are not
guarantees of future performance and involve assumptions, risks and
uncertainties that are difficult to predict. Therefore, actual
results may differ materially from what is expressed, implied or
forecasted in such forward-looking statements. Additional factors
that could cause actual results, performance or achievements to
differ materially include, but are not limited to the risk factors
discussed in the Company’s annual MD&A for the year ended
December 31, 2016. Management provides forward-looking statements
because it believes they provide useful information to investors
when considering their investment objectives and cautions investors
not to place undue reliance on forward-looking information.
Consequently, all of the forward-looking statements made in this
press release are qualified by these cautionary statements and
other cautionary statements or factors contained herein, and there
can be no assurance that the actual results or developments will be
realized or, even if substantially realized, that they will have
the expected consequences to, or effects on, the Company. These
forward-looking statements are made as of the date of this press
release and the Company assumes no obligation to update or revise
them to reflect subsequent information, events or circumstances or
otherwise, except as required by law.
For more information, please
contact:
Spectra7 Microsystems Inc. Sean Peasgood Investor
Relations 416-565-2805 ir@spectra7.com Spectra7
Microsystems Inc. Darren MaChief Financial
Officer669-284-3170 pr@spectra7.com