TORONTO and PALO ALTO, Calif., April 9, 2013 /PRNewswire/ -- (TSX-V: SEV)
Spectra7 Microsystems Inc. ("Spectra7"), a high performance analog
semiconductor company delivering unprecedented speed, resolution
and signal fidelity to consumer and wireless infrastructure
products, today announced that Konka Group Co., Ltd ("Konka"), a
leading television and mobile phone manufacturer in China, has selected Spectra7 as the major
supplier of advanced TV tuner chips across 9 different flat panel
TV models. These next generation silicon tuner chips replace bulky,
expensive electro-mechanical tuners, allowing flat panel displays
to be thinner, sleeker and less costly to manufacture. The
achievement of a low-cost single chip analog TV tuner is
exceptional and as a result Spectra7 has earned several patents for
its signal processing research efforts and unique architecture.
Spectra7's patented TV tuners have been designed-in to Konka's
expanded ultra-thin LED TV product line expected to launch shortly
in multiple geographies including under its own brand in
China and under OEM brands in the
U.S., Europe, South America and Australia.
"Konka is a technology and performance leader in the Asian
marketplace for HDTV products and we're pleased with their
decision," commented Tony Stelliga, CEO of Spectra7. "We've
achieved a major milestone with a cross platform set of design wins
in Konka's ultra-slim LED product line – the mainstream sweet spot
in the marketplace."
"Spectra7 is a critical partner in our television strategy of
delivering world class, innovative flat panel TVs with outstanding
image quality to the worldwide market," commented Hu Qin, the project head of Konka's Multimedia
Technology R&D Center. "Our decision to utilize their SimplyRF™
silicon tuner technology is based on performance, support and cost
effectiveness. Spectra7 has worked hard on this project and we
appreciate their efforts."
ABOUT KONKA GROUP CO., LTD
Konka was established in 1980 as the first domestic Sino-foreign
joint venture electronic enterprise. The company is engaged in the
research and development, production and sales of color
televisions, mobile phones and electrical home appliances. Konka
has an annual output of over 10 million TV sets, sold in over 90
countries and regions around the world. Konka is one of
China's Top 100 leading electronic
enterprises and is one of the Top Ten Brands in China with a brand valuation of over
$2.5 billion.
ABOUT SPECTRA7 MICROSYSTEMS INC.
Spectra7 Microsystems Inc. is a high performance analog
semiconductor company delivering unprecedented speed, resolution
and signal fidelity to consumer and wireless infrastructure
products. Spectra7's new system-level components address throughput
bottlenecks and satisfy the exponential demand for more bandwidth
and lower costs in mobile and internet infrastructure equipment,
including handsets, tablets, base stations and microwave backhaul
systems. Spectra7 is headquartered in Markham, Ontario with development centers in
Silicon Valley, Irvine, California
and Cork, Ireland. For more
information, please visit www.spectra7.com.
Certain information in this news release may constitute
forward-looking information. This information is based on current
expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. Spectra7 assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to Spectra7. Additional information identifying
risks and uncertainties is contained in Spectra7's filings with the
Canadian securities regulators available at
www.sedar.com.
Neither the TSX-V nor its Regulation Services Provider (as
that term is defined in the policies of the TSX-V) accepts
responsibility for the adequacy or accuracy of this
release.
SOURCE Spectra7 Microsystems Inc.
