Vecima Networks Inc.

TSX : VCM


Vecima Networks Inc.

May 08, 2013 08:00 ET

Vecima Adds New Board Member

VICTORIA, BRITISH COLUMBIA--(Marketwired - May 8, 2013) - Vecima Networks Inc. ("Vecima" or "the Company") (TSX:VCM) is pleased to announce that it has appointed Vincent Gallant as a new director to the Company's board effective May 7, 2013. Mr. Gallant is President of Blackline Financial Inc., a business valuation firm in Edmonton, Alberta. Vince received a BA (Economics) from the University of Alberta and articled to become a Chartered Accountant (CA) with KPMG. Most of his career has been spent working for medium and large public companies in senior finance roles. Vince was Controller for Alberta Energy Company Ltd. (AEC and now part of EnCana), Controller for Edmonton Telephones (ED TEL and now part of TELUS) and Vice President Finance for North American Energy Partners Inc. (NAEP). Mr. Gallant was also corporate secretary to the board of directors for NAEP and was CFO for Titanium Corporation Inc.

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. More information is available at our website at www.vecima.com.

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