Major Cable Supplier to Serve Both North
America and China Data Center Markets for Interconnect Speeds up to
800 Gbps and 1.6T bps
SAN
JOSE, Calif., Jan. 16,
2024 /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 it has received its first order for production
GC1122 chips supporting Active Copper Cables (ACCs) operating at
speeds up to 800 Gbps and 1.6 Tbps. The order has come from a major
China cable supplier who serves
both the North America and
China data center markets.
"We are excited to receive the first order for our production
GC1122 chips," said Spectra7 CEO Raouf
Halim. "Cables using these chips will be used in
qualification at major Hyperscalers in both North America and China, and continues our progress with
hyperscale data center customers deploying the most advanced
implementations, such as artificial intelligence. Hyperscalers are
increasingly sensitive to the high power requirements for other
cabling options, which can exceed the power required by the switch
itself. Spectra7's ACC cables provide a unique solution to this
challenge and reduce both the capital cost and operating cost of a
hyperscale data center."
"We expect these qualification activities to be complete in Q2
in order to support significant deployments in the second half of
2024 at several Hyperscalers," said Mr. Halim. "We also
believe the ACC connectivity market opportunity is estimated to
reach $1 billion by
20271."
Spectra7's analog based GaugeChanger™ GC1122
chips are used in Active Copper Cables (ACCs) and offer significant
cost, size and energy consumption savings vs. competing Active
Electrical Cables (AECs) and Active Optical Cables (AOCs) that use
Digital Signal Processing (DSP) technologies.
Notes:
1 Spectra7 internally generated
model based on 650Group silicon chipsets for Ethernet optical
transceivers and active cable alternatives posted July 2023. This is forward looking information.
See "Cautionary Notes."
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 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 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, 2022.
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.
Dave Mier
Interim Chief Financial Officer
925-858-7011
ir@spectra7.com
Spectra7 Microsystems Inc.
John Mitchell
Public Relations
650-269-3043
pr@spectra7.com
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SOURCE Spectra7 Microsystems Inc.
