Vecima Networks Inc.
TSX : VCM

Vecima Networks Inc.

November 04, 2009 08:00 ET

Vecima's 3.5 GHz WiMAX Solution Deployed by Major Canadian Oil Production and Distribution Company

Deployment uses Vecima's VistaMAX® series of WiMAX compliant base stations and service modules and tower construction services

VICTORIA, BRITISH COLUMBIA--(Marketwire - Nov. 4, 2009) - WiMAX equipment designed and manufactured by Vecima Networks Inc. (TSX:VCM), the Last Mile Solution® for broadband wireless networks, is being installed by a major Canadian oil production and distribution company. The deployment will greatly enhance the oil producer's ability to monitor and control its distributed production system and facilities with high speed data links, video surveillance, and a multi-mode portable communication link with both WiMAX and Wi-Fi access. The 3.5 GHz VistaMAX® base stations and customer access equipment, based on the IEEE 802.16 wireless standard, successfully passed extensive, year-long field trials and full scale deployment started earlier in 2009. Vecima has already received purchase orders aggregating approximately $1.5 million. The entire multi-million dollar deployment is expected to take approximately 3 years as the customer moves to bring most of its system onto this modern data network.

The customer has also contracted Vecima, through its YourLink Wireless division, to construct an initial 7 tower locations plus additional radio installations on existing towers. The first half of 2010 will see an expansion adding 10 new locations. The tower and radio network will be managed by the customer with operations support, inspection and maintenance provided by Vecima's Wireless Applications and Engineering Support Team, and YourLink, Vecima's wireless ISP provider in Western Canada.

"We are pleased that a major Canadian oil production and distribution company has chosen Vecima's cutting-edge VistaMAX® equipment to deploy in Western Canada," said Surinder Kumar, Chairman and CEO of Vecima. "VistaMAX® offers a cost effective solution for delivering wireless broadband data and will serve many applications, including collecting remote office data and increasing security for well sites and personnel through real time video surveillance and communication. Reductions in operating costs will increase efficiency and minimize downtime. We are pleased to have entered into the unique vertical industry of oil and gas and to be working with a leading oil company. We believe that the success of this break-through program will to lead to further deployments in other areas and applications across the country."

About Vecima Networks

Vecima Networks Inc. (TSX:VCM) designs, manufactures and sells products that enable broadband access to cable, wireless and telephony networks. Vecima's hardware products incorporate original embedded software to meet the complex requirements of next-generation, high-speed digital networks. Service providers use Vecima's solutions to deliver services to a converging worldwide broadband market, including what are commonly known as "triple play" (voice, video and data) and "quadruple play" (voice, video, data and wireless) services. Vecima's solutions allow service providers to rapidly and cost-effectively bridge the final network segment that connects the system directly to end users, commonly referred to as "the last mile", by overcoming the bottleneck resulting from insufficient carrying capacity in legacy, last mile infrastructures. Vecima's products are directed at two principal markets: Converged Wired Solutions and Broadband Wireless. The Company has also developed, and continues to focus on developing, products to address emerging markets such as Voice over Internet Protocol, fibre to the home and IP video.

Forward-Looking Statements

Certain statements in this news release may constitute forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this news release, such statements are generally identified by the use of such words as "may", "will", "expect", "believe", "plan", "intend" and other similar terminology. These statements reflect Vecima's current expectations regarding future events and operating performance and speak only as of the date of this news release. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors including, but not limited to, the factors discussed under "Risk Factors" in the Company's Annual Report dated September 28, 2009 available on SEDAR (www.sedar.com), could cause actual results to differ materially from the results discussed in the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances.

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