Spectra7 Microsystems Inc (SEV)

[prototype_101]

Other Quarterly Highlights (2nd Quarter 2018)

-- On July 6, 2018, the Company closed an oversubscribed private placement consisting of 28,336,290 units at a price of CDN $0.105 per unit for gross proceeds of approximately $2.3 million.

-- Data Center prototype revenue increased by 50% in the second quarter of 2018 as compared to the prior quarter and remains on track for production in 2018.

-- The Company experienced continued strong customer engagement including 7 new Data Center design-ins in the second quarter of 2018 for a total of 23 Data Center design-ins to date.

-- Data Center Equipment OEMs and interconnect suppliers continue development and qualification of Active Copper Cables (ACCs) for 100G and 400G deployments with Spectra7 technology.

-- Successful achievement of testing Spectra7's Active Copper Cable (ACC) technology with the industry leading K400 test system from Ixia, a Keysight business, demonstrating robust error-free 400Gbps Ethernet traffic.

Outlook

The Company has entered the third quarter of 2018 with significantly increased backlog compared to the second quarter of 2018 and expects sequential revenue growth in the third quarter of 2018 as it enters the seasonally stronger second half of the year.


Future looks Bright!