SAN
JOSE, Calif., Dec. 13,
2024 /CNW/ -- (TSXV:SEV) (OTCQB:SPVNF) Spectra7
Microsystems Inc. ("Spectra7" or the "Company"), a leader in
high-performance analog semiconductors for powering the AI
revolution in broadband connectivity markets, hyperscale data
centers, and Spatial Computing, today announced the retirement of
Dave Mier as Interim CFO and the
appointment of Ron Pasek, Spectra7's
Board Chair, as Interim CFO, effective today.
Mr. Pasek is a seasoned finance official, having been the Chief
Financial Officer of multiple public companies. Spectra7 is
currently interviewing to fill the Chief Financial Officer role on
a permanent basis.
"I want to thank Dave for his leadership and contribution to the
Company over the past year," said Omar
Javaid, Chief Executive Officer of Spectra7. "We are
fortunate that Ron has agreed to take on the role as Interim CFO
while we complete the process of filling the role on a permanent
basis."
ABOUT SPECTRA7 MICROSYSTEMS INC.
Spectra7 Microsystems Inc. is a leader in high-performance
analog semiconductors for powering the AI revolution in broadband
connectivity markets, hyperscale data centers, and Spatial
Computing. 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 ability to hire a permanent Chief
Financial Officer, 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, 2023.
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.
Spectra7 Microsystems Inc.
Ron Pasek
Interim Chief Financial Officer
408-710-6462
ir@spectra7.com
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SOURCE Spectra7 Microsystems Inc.
