SAN JOSE,
Calif., Jan. 16, 2023 /CNW/ -- (TSXV:SEV)
(OTCQB:SPVNF) Spectra7 Microsystems Inc. ("Spectra7" or the
"Company"), a leading provider of high-performance analog
semiconductor products for broadband connectivity markets, today
announced that Chief Executive Officer Raouf Halim has returned to full-time duties.
Mr. Halim had previously resumed half-time status following a
medical leave.
"I am excited to be back as we start another year
of significant growth," said Mr. Halim, "I greatly appreciate the
team's hard work and dedication during my leave, securing record
revenue and positioning us for a great 2023 with key customers in
the AR/VR and data center markets."
The Company is also pleased to announce the grant
of 50,000 restricted share units to the Company's Chief Financial
Officer.
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 data centers, 5G
infrastructure, virtual and augmented reality, and other
connectivity markets. Spectra7 is based in San Jose, California with a design center in
Cork, Ireland and technical
support location in Dongguan,
China. For more information, please
visit www.spectra7.com.
Neither the TSX Venture Exchange nor its
regulation services provided (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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, the Company's expectation
regarding growth in 2023, and the Company's strategy, 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 information form for the year
ended December 31, 2021. 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:
Matt Kreps
Darrow Associates
214-597-8200
ir@spectra7.com
Spectra7 Microsystems Inc.
Bonnie Tomei
Chief Financial Officer
669-212-1089
ir@spectra7.com
Spectra7 Microsystems Inc.
John Mitchell
Public Relations
650-269-3043
pr@spectra7.com
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SOURCE Spectra7 Microsystems Inc.