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Spectra7 Partners with Molex on Active Copper Data Center Interconnects

November 8, 2018

DALLAS--(BUSINESS WIRE)--Nov 8, 2018--Spectra7 Microsystems Inc. (TSX:SEV) (“Spectra7” or the “Company”), a leading provider of high-performance analog semiconductor products for broadband connectivity markets, announced that Molex, a leader in high performance interconnects, has selected Spectra7’s GaugeChanger™ technology for integration into a new line of Active Copper Cables to include SFP, QSFP and QSFP-DD form factors. Additionally, Molex and Spectra7 will be demonstrating the technology at the SuperComputing 2018 (SC18) show at the Kay Bailey Hutchison Convention Center in Dallas, TX from November 13-15.

“Spectra7 has created a compelling solution to address the dramatically increasing power and cost of data center interconnects,” said Joe Dambach, New Product Development Manager, Molex. “We are looking forward to collaborating with the team at SC18.”

“Molex is a technology and market leader in the data center interconnect market,” said Spectra7 CEO Raouf Halim. “The adoption of our GaugeChanger™ technology by Molex is a significant milestone in the coming volume deployment of our data center product line.”

GaugeChanger™ is an innovative and disruptive technology that allows copper to extend much longer lengths without the cost and power penalty of optics. It works equally well at 25 Gbps NRZ and 50 Gbps PAM-4 enabling new connector standards of 100, 200 and 400 Gbps.

Molex recently launched its QSFP-DD (Quad Small Form Factor–Double Density) Interconnect System and Cable Assemblies. This system is designed to meet or exceed Ethernet, Fibre Channel, and InfiniBand port density requirements in high-speed enterprise, telecommunications and data networking equipment. Molex is working to meet the rising demand for 100 Gbps, 200 Gbps and 400 Gbps networking solutions. The Molex system along with Spectra7’s GaugeChanger™ technology offers up to 12 times less power and significant cost savings over optical solutions for data center customers.

Molex will be showcasing products with Spectra7’s GaugeChanger™ technology at Booth 3941 at SC18.

About Molex

Molex brings together innovation and technology to deliver electronic solutions to customers worldwide. With a presence in more than 40 countries, Molex offers a full suite of solutions and services for many markets, including data communications, consumer electronics, medical, industrial, and automotive. For more information, please visit  www.molex.com.

About SC18

SC18 is the world’s largest marketplace for HPC and networking professionals, attracting scientists, engineers, software developers, policy makers, corporate managers, CIOs, and IT administrators from universities, industry, and government agencies worldwide. For exhibitors, no other event provides such extensive opportunities for exposure and in-depth interaction with key audiences as more than 12,000 attendees from around the world convene in Dallas to discover the latest innovations in HPC, networking, storage, and analysis. For more information, please visit sc18.supercomputing.org

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, 2017. 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181108005176/en/

CONTACT: Spectra7 Microsystems Inc.

Sean Peasgood, 647-503-1034

Investor Relations

ir@spectra7.com

or

Darren Ma, 669-284-3170

Chief Financial Officer

pr@spectra7.com

KEYWORD: UNITED STATES NORTH AMERICA CANADA CALIFORNIA TEXAS

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE INTERNET NETWORKS SOFTWARE TELECOMMUNICATIONS SEMICONDUCTOR MANUFACTURING ENGINEERING

SOURCE: Spectra7 Microsystems Inc.

Copyright Business Wire 2018.

PUB: 11/08/2018 07:00 AM/DISC: 11/08/2018 07:00 AM

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