Spectra7 Receives Multiple Orders from Cable Partners for First Data Center Deployments in China
September 11 2018 - 7:00AM
Business Wire
Company’s GaugeChangerTM
Product Line Builds Momentum and Moves into Production
Spectra7 Microsystems Inc. (TSX:SEV) (“Spectra7” or the
“Company”), a leading provider of high-performance analog
semiconductor products for broadband connectivity markets, today
announced that it has received significant product orders from two
leading cable assembly partners in China for the company’s GC2502
chips. These innovative Spectra7 active copper cable (“ACC”)
devices will enable cable assemblers to deliver lower power and
lower cost interconnects to major data center operators in China
starting in Q4 2018.
“We have had extensive discussions with China’s leading data
center operators as well as cable assembly partners about how they
can capitalize upon Spectra7’s lower power and cost for their
hyperscale data centers,” said Spectra7 CEO Raouf Halim. “Our
partners appreciated our ACC value proposition and engaged with us
immediately. We expect these to be the first of many orders over
the next few months as we ramp to mass production.”
Spectra7’s GaugeChangerTM technology is an innovative and
disruptive technology that allows copper to extend much longer
lengths without the cost and power penalty of optics. It works
equally well at 25Gbps NRZ and 50Gbps PAM4 supporting Ethernet
standards of 25/50/100/200/400 Gbps.
Spectra7’s GaugeChanger™ enabled ACC’s can replace Active
Optical Cables (“AOC”) for lengths up to 7m, which account for over
90% of the links in a typical data center. At a savings of 28 watts
per interconnect, this adds up to almost 900 watts per 32 port
Top-of-Rack switch (which depending on electricity prices1
could reduce operating expenses by up to $20 million a year per
data center). A large data center using Spectra7 technology can
save several megawatts and over 10,000 metric tons2 per
year of carbon emissions by incorporating ACCs over AOCs.
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 expected data center orders,
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, 2017. 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.
References:
1 www.datacenterknowledge.com (Annual cost of $5,000 per
KW)
2 Greenhouse Gas Equivalencies Calculator:
https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator
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version on businesswire.com: https://www.businesswire.com/news/home/20180911005241/en/
Spectra7 Microsystems Inc.Sean Peasgood,
647-503-1034Investor Relationsir@spectra7.comorDarren Ma,
669-284-3170Chief Financial Officerpr@spectra7.com