PALO ALTO, Calif., Jan. 7, 2014 /PRNewswire/ -- Consumer
Electronics Show, Las Vegas, NV –
(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 the launch of
CouchConnect™. CouchConnect™ is the simplest, portable five (5)
meter / 16 foot "plug and play" solution capable of delivering
true, real-time 1080p HD or 4K UltraHD content anytime, anyplace
from mobile device to main screen, offering consumers
revolutionary, low cost, simple second screen connectivity.
The market for mobile devices connected to the main TV screen is
projected to grow to US $5.9
billion by 2017 according to The Intersection, a leading
industry research firm, as users choose to enhance their viewing
experience with a second screen. However, existing closed
streaming-only devices can retail for up to $100 and are plagued by set-up complexity and
poor picture quality, leaving consumers frustrated. Recently
launched open-source devices offer lower cost but are limited to
stationary use and struggle to deliver consistent, reliable video
streaming. Although these platforms use Wi-Fi, many still require
up to three different cables for antenna connectivity and power.
Further, Wi-Fi struggles to deliver true, instant load, real-time
1080p or 4K UltraHD picture quality, pinch-to-zoom applications or
uninterrupted, reliable streaming or gaming content due to
bandwidth limitations and interference.
Spectra7 also announced that Walmart.com will be selling
CouchConnect immediately following CES. Each week, more than 245
million customers and members visit Walmart's 11,096 stores under
69 banners in 27 countries and e-commerce websites in 10
countries.
CouchConnect™ is an ultra-thin, portable form factor made
possible by Spectra7's CC7000, the industry's first self-powered
chip capable of delivering 1080p HD and 4K UltraHD television, to
enable unprecedented "plug and play" portability between any mobile
device and the TV in any location at a retail price up to
seventy-five percent lower than any other streaming device on the
market today. By applying the patented power harvesting technology
in the CC7000, CouchConnect™ requires only one ultra-thin cable for
connectivity and chip power, enabling a sleek, low cost, and highly
portable solution for a broad range of consumers including frequent
travelers, home viewers, gamers and college students.
"With nearly a quarter of a billion HDMI enabled mobile devices
and multiple HDMI ports available in the hundreds of millions of
main screen televisions shipped each year, we believe that second
screen viewership is poised to grow exponentially," said Tony
Stelliga, CEO of Spectra7. "The worldwide reach of Walmart.com as a
leading online retailer of high demand products will make
CouchConnect™ easily accessible at a very attractive price point,
enabling an enriched TV and mobile viewing experience for consumers
everywhere."
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.
