Spectra7 Experiences Significant Increase in Demand for GaugeChangertm Products in Q1 2018

SAN DIEGO, March 13, 2018 (GLOBE NEWSWIRE) -- Spectra7 Microsystems Inc. (TSX:SEV) ("Spectra7" or the "Company"), a leading provider of high-performance analog semiconductor products for broadband connectivity markets, announced today at the Optical Networking and Communication Conference and Exhibition (OFC) that it is seeing a significant increase in both demand and orders for its GaugeChangertm products being designed into QSFP-DD Data Center Interconnects.

"We are seeing very strong interest in our solutions at 100/400G from cable suppliers, network equipment suppliers, as well as data center operators," said Spectra7 CEO Raouf Halim. "As we expect increased adoption of 100/400G Ethernet in 2018, the timing is ideal for Spectra7 to bring the GaugeChangertm products to market."

GaugeChangertm is an innovative and disruptive technology that allows copper to extend to much greater lengths without the cost and power penalty of optics. It works equally well at 25Gbps NRZ and 50Gbps PAM4, enabling new connector standards of 100/200/400 Gbps.

ABOUT OFC

The OFC is billed as the largest global conference and exhibition for optical communications and networking professionals. For over 40 years, OFC has drawn attendees from all corners of the globe to meet and greet, teach and learn, make connections and move business forward.

For more information about the OFC, please visit https://www.ofcconference.org/en-us/home/about/.

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 design centers in Markham, Ontario, Cork, Ireland, and Little Rock, Arkansas. For more information, please visit www.spectra7.com.

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, those regarding the Company's future financial position and results of operations, strategy, proposed acquisitions, 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 MD&A for the year ended December 31, 2016. 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:
                                                                       
Spectra7 Microsystems Inc.
Sean Peasgood
Investor Relations
416-565-2805
[email protected]

Spectra7 Microsystems Inc.
Darren Ma
Chief Financial Officer
669-284-3170 
[email protected]