SOURCE: Spectra7 Microsystems Inc.

Spectra7 Microsystems Inc.

September 19, 2017 09:00 ET

Spectra7 Leads Industry in HDMI 2.0 Chip Sales with Over One Million HT8181 Devices Shipped

Retailers Report 2017 as Strong Year for 4K Displays

SAN JOSE, CA--(Marketwired - September 19, 2017) - Spectra7 Microsystems Inc. (TSX: SEV) ("Spectra7" or the "Company"), a leading provider of high-performance analog semiconductor products for broadband connectivity markets, today announced that it expects to ship its 1,000,000th HT8181 based device this month. Spectra7's HT8181 IC is the industry's most popular solution for extending the length and reducing the cable gauge for interconnects ranging from HDMI Cables to AR/VR/MR tethered solutions.

"We expect the announcement of Apple's 4K TV last week to further drive demand for our HDMI 2.0 products," said Spectra7 CEO Raouf Halim. "Spectra7's HT8181 has proven to be the industry's highest performance, lowest power, smallest footprint solution and is being adopted broadly."

According to leading industry analyst Futuresource in their latest Worldwide TV Market Report, 4K Ultra-high Definition (UHD) sales will account for one third of all TV sales by the end of 2017. Furthermore, UHD Blu-ray sales are expected to grow by 148% this year.

Spectra7's HT8181 is a cable embedded chip capable of reducing cable diameter, weight, and gauge while delivering the high resolution, high frame rate and high dynamic range video called for in the latest HDMI 2.0 specification. Spectra7 is a leader in active copper cable (ACC) technology with a strong patent portfolio covering core technology necessary for delivering active cables.

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 broadband 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.

Contact Information

  • For more information, please contact:

    Spectra7 Microsystems Inc.
    Sean Peasgood
    Investor Relations
    416-565-2805
    ir@spectra7.com

    Spectra7 Microsystems Inc.
    David Mier
    Chief Financial Officer
    669-284-3170
    pr@spectra7.com