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Spectrum Signal Processing Files Final Prospectus
Burnaby, B.C., Canada - December 6, 2000 - Spectrum Signal Processing Inc.
(NASDAQ: SSPI / TSE:SSY), a leader in signal processing systems, is pleased to
announce that a final prospectus has been filed in British Columbia, Alberta and
Ontario qualifying the distribution of 1,764,705 common shares and 1,764,705
share purchase warrants upon the exercise of 1,764,705 previously issued special
warrants. The Company completed the private placement of 1,764,705 special
warrants on September 12, 2000 and received receipts for the final prospectus
from each of the relevant securities commissions on December 5, 2000.
Spectrum intends to use the net proceeds to accelerate key research and
development initiatives related to its expansion into the wireless and wireline
communications infrastructure market.
The securities related to this financing transaction have not been registered
under the Securities Act and may not be offered or sold in the United States
unless so registered or unless subject to an applicable exemption from
registration under the Act.
About Spectrum Signal Processing
Spectrum Signal Processing is a leading provider of signal processing systems,
designing sophisticated hardware and software solutions for customers in the
communications infrastructure and sensor systems markets. To serve these markets
effectively, Spectrum created three business units: Wireless Systems, Network
Solutions and Sensor Systems. Spectrum's proprietary hardware and software
systems are used in cellular and satellite base stations, government wireless
systems, Voice over Packet applications, and select applications in the sensor
systems market. Spectrum's website is http://www.spectrumsignal.com and the head
office is located at One Spectrum Court, #200 - 2700 Production Way, Burnaby,
B.C., Canada. Ph (604) 421-5422; fax (604) 421-1764.
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Spectrum Contact:
Karen Elliott
Investor Relations
Phone: 604-421-5422 ext. 264
Email: [email protected]
