Vecima Networks Inc.
TSX : VCM

Vecima Networks Inc.

July 13, 2015 09:30 ET

Vecima Announces Deployment of New TC600E Platform

Network-Wide Deployment Initiated at Tier 1 Cable Operator

VICTORIA, BRITISH COLUMBIA--(Marketwired - July 13, 2015) - Vecima Networks Inc. (TSX:VCM), an experienced designer and manufacturer of innovative technology in the broadband equipment market, is pleased to announce today that the Company's new TC600E Platform has successfully completed approval testing leading to the initiation of wide scale commercial deployment at a major US MSO.

"We are thrilled to have reached the milestone of the first network wide deployment of the new TC600E, marking the fifth network-wide deployment to be triggered by a tier 1 MSO using platforms in the Terrace family for all-digital conversion," stated Sumit Kumar, Vecima's President and CEO. "The broad adoption of these products underscores that cable operators continue to require and rely on Vecima's platforms in the commercial premise in order to effectively transition to digital networks. Vecima has shipped and received orders totaling more than $2.5 million for Terrace family platforms from this MSO, covering the earliest of a series of regional markets that form the operator's all-digital conversion plan."

Earlier this year, the Company announced the signing of a supply agreement with another major US MSO covering deployment of Terrace family platforms into commercial property customers to support the all-digital conversion across that operator's network. Likewise, today's announcement reflects the pre-eminence of the Terrace family platforms in the market with yet another operator coming online.

Vecima remains the leading worldwide supplier of commercial product solutions providing bulk video lineups at the commercial premise once an operator ceases to support analog on their core cable network. The recently launched TC600E platform is the latest addition to the Terrace family of products, adding support for MPEG-4 and high definition inputs along with a more than four times increase in input capacity. These added features are highly attractive to cable operators utilizing MPEG-4 video or who are migrating to more efficient broadcast lineups that limit or completely remove standard definition from the network.

As a fourth generation platform in the Terrace family, the TC600E embodies the fulfillment of nearly a decade of innovation in the market by Vecima, culminating in a design incorporating the Company's newly developed software based technology to deliver support for high definition MPEG-4 video. The framework of this innovative software-based intellectual property opens a wide realm of product roadmap opportunities including internationally focused versions.

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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