SAN
JOSE, Calif., Sept. 20,
2023 /CNW/ -- (TSXV:SEV) (OTCQB:SPVNF) Spectra7
Microsystems Inc. ("Spectra7" or the "Company"), a
leading provider of high-performance analog semiconductor products
for broadband connectivity markets, today announced that
Bonnie Tomei, CFO, was recognized as
a winner in the inaugural Women CFO Awards hosted by Financial
Executives International Silicon Valley. Tomei was selected as the
top CFO for public companies with less than $1 billion in market capitalization. Recipients
of the awards in other categories include Sherri Luther of Lattice Semiconductor,
Suzy Taherian, of Xpansiv,
Shannon Nash of Wing (an Alphabet
Company) and M.G. Thibaut of DroneDeploy.
Financial Executives International (FEI) Silicon Valley hosted
the first-ever Women CFO of the Year Awards recognizing the
finalists and announcing the winners on September 19, 2023. This prestigious occasion
recognized five women CFOs' incredible contributions in the
accounting and finance fields and their achievement in leading,
inspiring, and motivating others as well as their profound
influence on both business and our community.
"We are extremely proud of Bonnie's hard work and leadership
resulting in this impressive recognition by FEI Silicon Valley,"
said Raouf Halim, Chief Executive
Officer. "Bonnie has been integral to our financial strategy as we
lead the way in new connectivity solutions designed specifically to
meet the speed, power and cost requirements of the most advanced
hyperscale data centers and emerging AI / machine learning
markets."
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 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 expected revenue and gross margin
in the second quarter of 2023, the expected datacenter upgrade
cycle, the expected size of the ACC connectivity market by 2027,
the expected orders from datacenter customers in North America, the expected acceleration in
the data center market, the Company's expected revenue in the
second half of 2023, and the Company's ability to maintain its
efficient operating expense structure and working capital
management and 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, 2022.
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.
Bonnie Tomei
Chief Financial Officer
669-212-1089
ir@spectra7.com
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SOURCE Spectra7 Microsystems Inc.
