Zhaolong will Offer Products with Spectra7’s Low Power Analog GC1122 GaugeChanger^TM Chips

March 13, 2023 SAN JOSE, CA - (PR NewsWire) – (TSXV:SEV) Spectra7 Microsystems Inc. – (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 Zhaolong Interconnect Technology Co. (“Zhaolong”), a leading China-based cable supplier, will offer Active Copper Cable (ACC) assemblies with 112G PAM4 signaling to Hyperscalers and OEM/ODMs in both North America and China that will include Spectra7’s GC1122 GaugeChanger^TM chips.

“The North American and China data center markets continue to push the envelope to higher interconnect speeds, and at hyper-scale all data center customers are more sensitive to the power, routability and cost of high-speed interconnects than before,” said Zhaolong Vice General Manager Tony Yao. “We are getting strong interest from them in Spectra7’s technology and our significantly smaller-gauge high-speed cables known as Microlink™ technology.”

GaugeChanger^TM is a unique analog redriver technology that allows copper to extend to much longer lengths without the cost and power penalty of optics or DSP based retimed copper solutions. Competing technologies typically use 700 to 1000% more power than Spectra7’s GaugeChanger^TM technology

“We are extremely pleased to be working with Zhaolong to broaden access to our ACC solutions using Spectra7’s innovative GaugeChanger^TM technology," said Spectra7 CMO John Mitchell. "Zhaolong is a dynamic and fast-growing manufacturer of cable and cable assemblies for use in the Hyperscale, OEM and ODM interconnect markets. Spectra7’s GC1122 chips are of particular interest to Hyperscale customers in North America who are presently developing their next generation of data centers, which we expect to begin deployment later in 2023."

ABOUT ZHAOLONG INTERCONNECT TECHNOLOGY CO., LTD.

Zhejiang Zhaolong Interconnect Technology Co., Ltd. was established in 1993 and has more than 25 years of experience in R&D and manufacturing of the cable and interconnects industry. It is a national high-tech enterprise in the cable industry. It is a national standard drafting unit and a research and production base of the Shanghai Electric Cable Research Institute. It is a full-fledged member of China Communications Standards Association, National Information Technology Standardization Association and China Robotics Association. Zhaolong has built a world-leading information and control cable and interconnects manufacturing base, covering an area of about 140,000 square meters. With an annual output of more than 3 million kilometers and 5 million units of various types of cable and interconnects. For more information, please visit www.zhaolong.com.cn.

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 data centers, 5G infrastructure, virtual and augmented reality, and other connectivity markets. Spectra7 is based in San Jose, California with a design center in Cork, Ireland and technical support location in Dongguan, China.

Neither the TSX Venture Exchange nor its regulation services provided (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, statements regarding Zhaolong’s use of the Company’s products in the future, 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 annual information form for the year ended December 31, 2021. 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

Spectra7 Microsystems Inc.
John Mitchell
Public Relations
650-269-3043
pr@spectra7.com