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BRIEF-Sphere 3D provides corporate update

March 13 Sphere 3D Corp

* Sphere 3D provides corporate update

* Sphere 3D Corp - net revenue for Q4 of 2016 is anticipated to be approximately $18.7 million

* Sphere 3D Corp - there has been a global headcount reduction of approximately 120 people from December 2014 through DECEMBER 2016

* Sphere 3D Corp - additional reductions took place in Feb 2017 to eliminate redundancies from acquisition of HVE connexions and unified connexions

* Sphere 3D Corp - company is actively seeking additional directors for its board Source text for Eikon: Further company coverage:

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