TORONTO, ONTARIO and PALO ALTO, CALIFORNIA -- (Marketwired) -- 06/10/13 -- Spectra7 Microsystems Inc. ("Spectra7")(TSX VENTURE: SEV), a high performance analog semiconductor company delivering unprecedented speed, resolution and signal fidelity to consumer and wireless infrastructure products, is pleased to announce that it has appointed Mr. Guy Anthony as Chief Financial Officer ("CFO"), effective June 17th, 2013. Mr. Anthony succeeds outgoing CFO Patrick Leung who is leaving Spectra7 to pursue other opportunities.
Mr. Anthony is a seasoned financial executive with over 30 years of experience working with both public and private companies. He earned his MBA from the Harvard Business School and then worked at Intel Corporation for 22 years. At Intel, he held a variety of finance and operational related positions at locations in Santa Clara, New Mexico and Hong Kong. He was Group Controller for the Microprocessor Group for 4 years and was Assistant Treasurer supporting Intel Capital for 3 years. Since leaving Intel he has been the CFO for a number of successful Silicon Valley based technology companies including Quellan (acquired by Intersil), Solaicx (acquired by MEMC Electronic Materials), Stentor (acquired by Philips) and most recently Medicalis.
"Guy has incredible financial and business process experience in the technology sector and I'm delighted he is joining our team," commented Tony Stelliga, CEO of Spectra7. "A Silicon Valley CFO with a track record of successful exits, Canadian and Asian operating expertise and a strong operations skill set is an ideal combination for us, and we will look to Guy to help accelerate the rollout and adoption of our unique product portfolio."
Commenting on his appointment, Mr. Anthony said, "This is an exciting time to be joining Spectra7. The company has made significant progress, is led by a talented team and is positioned to address several very high growth markets. I'm energized by the challenge and look forward to contributing to the company's success."
ABOUT SPECTRA7 MICROSYSTEMS INC.
Spectra7 Microsystems Inc. is a high performance analog semiconductor company delivering unprecedented speed, resolution and signal fidelity to consumer and wireless infrastructure products. Spectra7's new system-level components address throughput bottlenecks and satisfy the exponential demand for more bandwidth and lower costs in mobile and internet infrastructure equipment, including handsets, tablets, base stations and microwave backhaul systems. Spectra7 is headquartered in Markham, Ontario with development centers in Silicon Valley, Irvine, California and Cork, Ireland. For more information, please visit www.spectra7.com.
Caution Regarding Forward-Looking Information
This press release may contain forward-looking statements with respect to Spectra7, its products and operations and the contemplated financing. These statements generally can be identified by use of forward looking words such as but are not limited to "may", "will", "expect", "estimate", "anticipate", intends", "believe" or "continue" or the negative thereof or similar variations. The actual results and performance of Spectra7 discussed herein could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulations and the factors described under "Risk Factors" in the Management's Discussion and Analysis and Final Long Form Prospectus of Spectra7 which are available at www.sedar.com. The cautionary statements qualify all forward-looking statements attributable to Spectra7 and persons acting on their behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and Spectra7 has no obligation to update such statements.
All trade names are the property of their respective owners.
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.
Spectra7 Microsystems Inc.
(905) 480-9109 ext. 269
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