Spectra7 Announces Preliminary Record Fourth Quarter and Annual 2014 Revenue Results

Expects Q4 Revenue Growth of 88% Year-Over-Year; FY2014 Growth of 84%; Ms. Alcantara Promoted to VP of Operations and Channel Management

Expects Q4 Revenue Growth of 88% Year-Over-Year; FY2014 Growth of 84%; Ms. Alcantara Promoted to VP of Operations and Channel Management

PALO ALTO, CALIFORNIA and TORONTO, ONTARIO — (Marketwired) — 12/19/14 — Spectra7 Microsystems Inc. ("Spectra7" or the "Company") (TSX VENTURE: SEV) today announced the grant of stock options and restricted share units to a director of the Company.Options to purchase up to 50,000 common shares were granted pursuant to the Company–s stock option plan, exercisable at a price of Cdn$0.73 per common share for a term of seven years, which options shall vest according to the f
Company to Deliver Virtual Reality and Ultra HD 4K Products with High-Speed Validation Platforms

Third Quarter Revenue Grows 171% Year-over-Year and Gross Margins Exceed 80%

New Chip Reduces Emerging HDMI 2.0 Interconnects– Thickness by up to 75%

VR7200 Increases Bandwidth by up to 80% for Lightweight, Ultra-thin Wearable VR Interconnects

Expects Record Quarterly Revenue and Gross Margins; Third Quarter Revenue Grows 170% Year-Over-Year and Gross Margins Exceed 80%

Multi-Product Order Moves Company–s New VR Product Line into Production

Financing Package will Enable Company to Fund Short Term Growth

VR7050 Delivers High Speed Data with Near-Zero Latency for Gesture Controlled Virtual Reality