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Spectra7 Microsystems Inc
Symbol SEV
Shares Issued 91,214,710
Close 2014-11-28 C$ 0.85
Market Cap C$ 77,532,504
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Spectra7 wins $500,000 order for VR7200, HT8181

2014-12-01 07:32 ET - News Release

Mr. Tony Stelliga reports

SPECTRA7 RECEIVES NEW MULTIPLE DESIGN-WIN PRODUCTION ORDER

Spectra7 Microsystems Inc. has received a significant multiproduct order for its latest VR7200 dual-screen virtual reality and HT8181 ultrahigh-resolution 4K display products from a leading provider of VR and home theatre products to major OEM brands. This turnkey early access program order amounts to approximately $500,000 and also calls for multiple versions of Spectra7's patented RT8000 automated certification platforms. These latest products will enable the customer to deliver highly differentiated ultralight, ultrathin interconnects in both virtual reality and ultra-HD TV markets.

With more than 20 vendors developing virtual reality products and over 70 million ultra HD 4K TVs projected to ship in 2018, Spectra7 is uniquely positioned to capitalize on the increased market demand with its latest chips which will enable the requisite performance to deliver differentiated products for virtual reality, wearable computing and ultra-HD 4K displays. The company is already shipping its current generation of VR and 18-gigabit-per-second high-speed products to multiple leading OEMs and consumer brands.

"This new order highlights our ability to simultaneously engage in multiple applications per customer as they move to higher resolutions that require faster and lighter interconnects," said Tony Stelliga, chief executive officer of Spectra7. "Spectra7 enables these dramatically higher speeds without burdening the consumer with traditional heavy, thick and expensive interconnects."

Spectra7's patented RT8000 is a new family of high-speed automated validation platforms. The RT8000 enables OEMs to certify and optimize each final interconnect assembly for signal integrity performance while maximizing manufacturing throughput.

Spectra7's early access partners benefit from comprehensive design support through the company's worldwide signal integrity centres of excellence which feature advanced, state-of-the-art testing and compliance equipment and decades of high-speed, active cable signal processing and power delivery engineering expertise.

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