InspireSemi to Ring the Toronto Stock Exchange Closing Bell on October 25

VANCOUVER, British Columbia and AUSTIN, Texas, Oct. 24, 2022 (GLOBE NEWSWIRE) — Inspire Semiconductor Holdings Inc. (TSXV: INSP) (“InspireSemi™” or the “Company”), a chip design company with a revolutionary accelerated computing solution, is pleased to announce that CEO, Ron Van Dell, and other members of the InspireSemi senior management team will celebrate the Company’s recent listing on the Toronto Stock Exchange (TSX) Venture Exchange by ringing the closing bell on Tuesday, October 25, 2022.

“We are excited to ring the closing bell on the TSX and celebrate becoming part of one of the world’s leading public exchanges,” said John B. Kennedy, Chief Financial Officer of InspireSemi. “InspireSemi’s listing provides us with greater exposure to the global investment community. This is one of several, recent milestones for us, including our new corporate headquarters in Austin, Texas, which expands our footprint and supports further growth.”

“I am very proud of our team’s successes over the last year and the momentum that we’re building as we prepare for the commercial launch of our next-generation product ‘Thunderbird’, a versatile, hardware compute accelerator that is essentially a supercomputer cluster-on-a-chip,” said Alex Gray, Founder, CTO, and President. “The InspireSemi team looks forward to future achievements as we continue to grow our business by providing a unique and strongly differentiated accelerated computing to address multiple, diversified markets including High-Performance Computing (HPC), AI, and blockchain/cryptocurrency mining.”

Join InspireSemi at the Toronto Stock Exchange by tuning into the TMX Group YouTube Channel prior to 4:00 p.m. Eastern to watch the livestream of the ceremony. A video of the ceremony will also be available on the Company’s website and social media channels.

To be added to the InspireSemi email distribution list, please email InspireSemi@kcsa.com with INSP in the subject line.

About InspireSemi™

InspireSemi is an Austin-based chip design company that has built a technology foundation that delivers revolutionary performance, energy efficiency, versatility, and a thriving open software ecosystem. This enables us to address multiple diversified, uncorrelated markets of High-Performance Computing (HPC), AI, and blockchain. Led by an accomplished team with a proven track record, it has a unique and strongly differentiated accelerated computing solution compared to existing approaches for these markets

For more information, visit http://inspiresemi.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 press release.

Cautionary Statement Regarding Forward-Looking Information

This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of InspireSemi with respect to future business activities and operating performance.

Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes, but is not limited to, information regarding: (i) the business plans and expectations of the Company; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of InspireSemi, to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to InspireSemi, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect InspireSemi’s management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects InspireSemi’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the impact of the COVID-19 pandemic on the Transaction or the company; the ongoing conflict between Russia and Ukraine and any actions taken by other countries in response thereto, such as sanctions or export controls; and anticipated and unanticipated costs and other factors referenced in this news release and the Filing Statement, including, but not limited to, those set forth in the Filing Statement under the caption “Risk Factors”. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

For further information, please contact::

Inspire Semiconductor Holdings Inc.
John B. Kennedy
Chief Financial Officer
jkennedy@inspiresemi.com

KCSA Strategic Communication
Investor Relations
Phil Carlson/Scott Eckstein
inspiresemi@kcsa.com