Spectra7 Increases Efficiency of Blockchain Processing with new BCI-2500 Product Line
Innovative Active Copper Interconnects Dramatically Reduce Power Requirements in Blockchain Data Centers
San Jose, CA – November 16, 2017 (TSX:SEV) Spectra7 Microsystems Inc. (“Spectra7” or the “Company”), a leading provider of high-performance analog semiconductor products for broadband connectivity markets, today announced a new product line optimized for blockchain processing data centers. BCI-2500 is a high-performance, scalable, low-power, and cost-effective product supporting interconnects from 25 to 400Gbps. “We’re extremely excited to bring our technology to this high-value market,” said Spectra7 CEO Raouf Halim. “The blockchain processing market is forecasted to grow at a 61.5% CAGR to $2.3 billion by 2021 1. This is a huge opportunity for us to leverage our existing data center active copper cable silicon technology and quickly expand into this strategic market with products set to go into production in 2018.” Data centers focused on blockchain processing are extremely dedicated to network and computational efficiency. Spectra7’s BCI-2500 products enable copper cables up to three times the reach of passive copper cables at dramatically lower power levels than alternative solutions. Spectra7’s BCI-2500 product line is the market’s first to address the specific needs of data centers running blockchain applications including Bitcoin mining. Bringing its unique signal processing technology to the critical interconnect layer of the data center, Spectra7 offers the following benefits to Blockchain systems:
- Breakthrough Low Power – Up to 80% less power consumption than competing solutions.
- High Performance – Scalable server and switch line rates from 25Gbps to 400Gbps.
- Typically 50% the cost of competing solutions
SPECTRA7 BLOCKCHAIN AND DATA CENTER MARKET HIGHLIGHTS:
- Several blockchain leaders in North America and Asia are currently evaluating Spectra7’s BCI-2500 and GaugeChanger Plus ™ products for their new data centers.
- The Company received its first prototype orders for GaugeChanger Plus™ in Q3 2017.
- The Company continues to expect data center revenue to ramp up in 2018.
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 design centers in Markham, Ontario, Cork, Ireland, and Little Rock, Arkansas. For more information, please visit www.spectra7.com.
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, those regarding the Company’s future financial position and results of operations, strategy, proposed acquisitions, 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 MD&A for the year ended December 31, 2016. 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.
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Spectra7 Microsystems Inc.
Spectra7 Microsystems Inc.
Chief Financial Officer