Spectra7 Announces New Follow-On Active Copper Cable Order from Major Datacenter Customer

Rhea-AI Summary

Spectra7 Microsystems (TSXV: SEV, OTCQB: SPVNF) has secured a significant follow-on order from Tencent, a major Asia-based datacenter customer. The order represents 100% share in the specified application, utilizing Spectra7's GC2502 Dual Channel 56Gbps PAM4 Linear Equalizer IC in an active copper cable configuration operating at 200 Gb/s.

The partnership focuses on advancing datacenter capabilities through active copper cabling solutions (ACC), which significantly reduce power requirements while maintaining the high speeds necessary for AI applications. Tencent's Procurement Manager emphasized that these solutions are important for their datacenter advancement plans, enabling ultra-high speeds, low latency, and low power utilization at competitive costs, particularly for AI-driven applications.

Positive

• Secured 100% share of specified application with major customer Tencent
• Technology enables significant power reduction while maintaining high performance
• Strategic positioning in growing AI infrastructure market

Negative

• None.

SAN JOSE, Calif., Feb. 10, 2025 /PRNewswire/ -- (TSXV: SEV) (OTCQB: SPVNF) Spectra7 Microsystems Inc. ("Spectra7" or the "Company"), a leader in high-performance analog semiconductors for powering the AI revolution in broadband connectivity markets, hyperscale data centers, and Spatial Computing, today announced a major follow on order from a key Asia based datacenter customer. The order represents 100% share from the customer in the specified application, which deploys Spectra7's GC2502 Dual Channel 56Gbps PAM4Linear Equalizer IC operating in an active copper cable configuration at 200 Gb/s.

"We are pleased to continue and expand our relationship with Tencent as it continues to advance its datacenter capabilities and performance through the ongoing transition to active copper cabling solutions. ACC can drastically reduce power requirements while operating at the speeds required to support the AI revolution now taking place and driving the start of a new high-performance upgrade cycle," said Omar Javaid, Chief Executive Officer of Spectra7.

"Active copper cabling solutions are a critical part of our datacenter advancement plans, enabling the ultra-high speeds, low latency and low power utilization at a very low cost necessary for successful implementation as datacenters increasingly shift toward ultra-high bandwidth applications, especially AI applications," said Tom Miao, Tencent Procurement Manager. "Spectra7 has proven to be a reliable high performance partner in this effort, deploying active copper solutions that meet demanding application criteria."

ABOUT SPECTRA7 MICROSYSTEMS INC.

Spectra7 Microsystems Inc. is a leader in high-performance analog semiconductors for powering the AI revolution in broadband connectivity markets, hyperscale data centers, and Spatial Computing. 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 ability to hire a permanent Chief Financial Officer, 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, 2023. 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.
Ron Pasek
Interim Chief Financial Officer
408-710-6462
ir@spectra7.com 

 

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SOURCE Spectra7 Microsystems Inc.

FAQ

What is the significance of Spectra7's new order from Tencent for SPVNF stock?

The order represents 100% share of the specified application from Tencent, demonstrating strong market position and customer confidence in Spectra7's technology for AI-driven datacenter applications.

How does Spectra7's GC2502 technology benefit datacenter operations?

The GC2502 active copper cable solution reduces power requirements while operating at 200 Gb/s speeds, providing ultra-high speeds and low latency at lower costs compared to traditional solutions.

What is the strategic importance of Tencent's partnership with SPVNF?

The partnership positions Spectra7 in the growing AI infrastructure market, with Tencent implementing their active copper solutions for high-bandwidth datacenter applications.

What performance specifications does SPVNF's GC2502 chip deliver?

The GC2502 Dual Channel 56Gbps PAM4 Linear Equalizer IC operates in an active copper cable configuration at 200 Gb/s, enabling high-speed datacenter connectivity.