Mr. David Mier reports

SPECTRA7 ANNOUNCES NEW SILICON VALLEY HEADQUARTERS

Spectra7 Microsystems Inc. has moved its corporate headquarters from Palo Alto, Calif., to San Jose, Calif.

Benefits of the company's new headquarters include nearly doubling the size of its current facility in Palo Alto, lowered operating costs, improved engineering facilities and closer proximity to key customers. It also offers on-site amenities and reduced travel time for employees. The new location benefits from a VTA Light Rail station, direct access to Highway 101 and Interstate 880, and is less than one mile to San Jose International Airport.

"Moving our headquarters to San Jose will both reduce Spectra7's operating expenses and allow room to scale the company," said chief executive officer Raouf Halim. "As we continue to grow our revenues and penetrate new markets, we intend to provide improved support to our rapidly growing pipeline of Tier 1 customers as well as a higher quality workplace environment to grow our talented team."

The new address of the company's headquarters is 2550 North First St., Suite 500, San Jose, Calif., 95131.

About Spectra7 Microsystems Inc.

Spectra7 Microsystems 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, data centres and other connectivity markets. Spectra7 is based in Palo Alto, Calif., with design centres in Markham, Ont., Cork, Ireland, and Little Rock, Ark.

We seek Safe Harbor.