SAN
JOSE, Calif., Feb. 10,
2025 /CNW/ -- (TSXV: SEV) (OTCQB: SPVNF) Spectra7
Microsystems Inc. ("Spectra7" or the "Company"), a leader in
high-performance analog semiconductors for powering the AI
revolution in broadband connectivity markets, hyperscale data
centers, and Spatial Computing, today announced a major follow on
order from a key Asia based
datacenter customer. The order represents 100% share from the
customer in the specified application, which deploys Spectra7's
GC2502 Dual Channel 56Gbps PAM4Linear Equalizer IC operating in an
active copper cable configuration at 200 Gb/s.
"We are pleased to continue and expand our relationship with
Tencent as it continues to advance
its datacenter capabilities and performance through the ongoing
transition to active copper cabling solutions. ACC can drastically
reduce power requirements while operating at the speeds required to
support the AI revolution now taking place and driving the start of
a new high-performance upgrade cycle," said Omar Javaid, Chief Executive Officer of
Spectra7.
"Active copper cabling solutions are a critical part of our
datacenter advancement plans, enabling the ultra-high speeds, low
latency and low power utilization at a very low cost necessary for
successful implementation as datacenters increasingly shift toward
ultra-high bandwidth applications, especially AI applications,"
said Tom Miao, Tencent Procurement Manager. "Spectra7 has proven
to be a reliable high performance partner in this effort, deploying
active copper solutions that meet demanding application
criteria."
ABOUT SPECTRA7 MICROSYSTEMS INC.
Spectra7 Microsystems Inc. is a leader in high-performance
analog semiconductors for powering the AI revolution in broadband
connectivity markets, hyperscale data centers, and Spatial
Computing. Spectra7 is based in San Jose,
California with a design center in Cork, Ireland and a technical support location
in Dongguan, China. For more
information, please visit www.spectra7.com.
Neither the TSX Venture Exchange nor its regulation services
provider (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 ability to hire a permanent Chief
Financial Officer, 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 management's discussion and analysis for
the year ended December 31, 2023.
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.
Ron Pasek
Interim Chief Financial Officer
408-710-6462
ir@spectra7.com
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SOURCE Spectra7 Microsystems Inc.
