VANCOUVER, British Columbia and AUSTIN, Texas, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Inspire Semiconductor Holdings Inc. (TSXV: INSP) ("InspireSemi" or the "Company"), a chip design company that provides revolutionary high-performance, energy-efficient accelerated computing solutions for High Performance Computing (HPC), AI, graph analytics, and other compute-intensive workloads, is pleased to expand upon previously announced early customer engagements as it prepares to bring its first products to market.

"We are excited and honored to be collaborating with some of the best and brightest in the HPC & AI industry as we prepare to bring our Thunderbird next generation accelerated computing platform to market," said Doug Norton, CMO, InspireSemi. "Thunderbird's unique 'supercomputer-cluster-on-a-chip' architecture, including its predictive performance and deterministic nature, make our solution a very attractive offering for a number of applications and industries where GPUs simply do not work. Thunderbird delivers on all the key drivers that matter to customers: high performance, energy efficiency, versatility, ease of programming, and affordability."

"With the momentum of AI and the convergence of AI and HPC, it is time to look outside the status quo and leverage a new technology base, like InspireSemi's Thunderbird product line," said Earl J. Dodd, World Wide Technology's (WWT) Global HPC Business Practice Leader. "Thunderbird is ideal for workflows that require the highest performance and lowest power. It is easy to integrate, making it a valuable addition to the HPC and AI industry."

"Sandia is pleased to have joined InspireSemi's early access program for their upcoming Thunderbird processor," said Kevin Pedretti, Distinguished Member of Technical Staff at Sandia National Laboratories. "This is enabling us to engage early by evaluating our challenging application workloads on Thunderbird's massively parallel interconnected CPU architecture, helping to mature the overall RISC-V HPC software stack, and providing our input for future versions of Thunderbird."

"The pursuit of AI has been a tremendous boon for high-performance architectures across the board," said Addison Snell, CEO, Intersect360 Research. "For pure AI investments, most of the attention is on GPUs, but many organizations are seeking a more versatile solution, built on processing elements that are suited to a variety of HPC, AI, and analytics workloads. This is where we see a market opportunity for companies like InspireSemi with its Thunderbird platform."

InspireSemi's powerful Thunderbird accelerated computing architecture is based on an array of thousands of modern, efficient, and powerful 64-bit CPU cores, tightly integrated with high-speed memory and networking. It is an ideal and versatile platform for high-performance computing (HPC), AI, graph analytics, and other compute-intensive workloads. The initial product will be a standard PCIe server add-in card with over 6,000 powerful interconnected 64-bit CPU cores that can greatly reduce the floorspace and power consumption of modern datacenters.

The Thunderbird Early Access Program is a paid engagement, typically with purchase orders, with select partners who initially receive an emulator, firmware, and support, followed by first access to Thunderbird product when available. Consistent with our November 17, 2023 press release, there are currently four organizations committed to participating in the program, including Penguin Solutions and the Texas Advanced Computing Center (TACC) at UT Austin. Initial application areas of focus include advanced computer-aided engineering fluid simulations, astrophysics, biomolecular simulations, climate modeling, and large-scale graph analytics.

About InspireSemi
InspireSemi (TSXV: INSP) provides revolutionary high-performance, energy-efficient accelerated computing solutions for High-Performance Computing (HPC), AI, graph analytics, and other compute-intensive workloads. The Thunderbird 'supercomputer-cluster-on-a-chip' is a disruptive, next-generation datacenter accelerator designed to address multiple underserved and diversified industries, including financial services, computer-aided engineering, energy, climate modeling, and life sciences & drug discovery. Based on the open standard RISC-V instruction set architecture, InspireSemi's solutions set new standards of performance, energy efficiency, and ease of programming. InspireSemi is headquartered in Austin, TX.

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

Company Contact
Doug Norton, CMO
(737) 471-3230
dnorton@inspiresemi.com

Cautionary Statement on Forward-Looking Information
This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Statements concerning InspireSemi's objectives, goals, strategies, priorities, intentions, plans, beliefs, expectations and estimates, and the business, operations, financial performance and condition of InspireSemi are forward-looking statements. 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 including expectations with respect to production and development; and (ii) expectations for other economic, business, and/or competitive factors (iii) expectations as to the use of funds in respect of the Financing. 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 presentation, 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 the Company 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 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 management's current beliefs and is based on information currently available to them and on assumptions they believe 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: (i) statements relating to the business and future activities of, and developments related to, the Company after the date of this press release; (ii) expected completion of or satisfaction of all closing conditions in connection with the Financing, including receipt of final approval from the Exchange; (iii) expectations for other economic, business, regulatory and/or competitive factors related to the Company or the technology industry generally; (iv) the risk factors referenced in this news release and as described from time to time in documents filed by the Company with Canadian securities regulatory authorities on SEDAR+ at ; and (v) other events or conditions that may occur in the future. Although the Corporation 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 Corporation 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. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.