Mr. Raouf Halim reports

SPECTRA7 ANNOUNCES APPOINTMENT OF DAVID MIER AS INTERIM CFO

Spectra7 Microsystems Inc. has appointed David Mier as interim chief financial officer. The company previously announced that its chief financial officer, Bonnie Tomei, is taking a personal leave of absence effective Dec. 1, 2023, due to a family medical matter. The leave is expected to be for approximately three months but may be adjusted as necessary.

Mr. Mier has extensive experience with Spectra7's business, investor base and growth strategy having previously served as Spectra7's chief financial officer for over three years prior to his retirement in 2021. He has more than 30 years of senior financial executive experience with both public and private companies, including his position with Yahoo as vice-president, finance, Americas controller and vice-president, finance, Americas, at Sun Microsystems.

"I want to thank Bonnie for her leadership and contribution and extend to her and her family our very best wishes," said Raouf Halim, chief executive officer of Spectra7. "We are fortunate that Dave has agreed to come out of retirement and rejoin the company as interim chief financial officer."

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, mixed reality, data centres and other connectivity markets. Spectra7 is based in San Jose, Calif., with a design center in Cork, Ireland, and a technical support location in Dongguan, China.

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