Vecima Networks Inc.
TSX : VCM

Vecima Networks Inc.

September 22, 2014 13:00 ET

Vecima Announces Two New Platform Products at SCTE Cable Tec Expo

VICTORIA, BRITISH COLUMBIA--(Marketwired - Sept. 22, 2014) - Vecima Networks Inc. (TSX:VCM), an experienced designer and manufacturer of innovative technology in the broadband equipment market, is pleased to announce the introduction of two new platforms at the SCTE Cable-Tec Expo held in Denver, Colorado from September 22 to 25, 2014. The TC600E and TransQAM version of the Terrace QAM will be exhibited by Vecima during the annual gathering of cable industry thought leaders.

The TC600E provides a new all digital commercial video solution to cable operators allowing for the provision of bulk video services within multiple dwelling units and other commercial properties. This new platform marks the latest addition to the Terrace family of products that includes the TC600, TC1000, and TC1200. The Terrace family of products have been widely deployed by leading cable operators as an essential tool for business services when converting to an all-digital network.

The TC600E platform adds support for MPEG-4 and high definition inputs while also increasing the number of input demodulators to thirty six, a more than four times increase in input channel tuning capacity. These added features are 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. Current TC600 units can be factory upgraded to offer these impressive new capabilities.

The TransQAM version of the Terrace QAM platform will allow the hospitality HD solution to support MPEG-4 video input which operators are now using to maximize network capacity versus the traditional and less efficient MPEG-2 format. TransQAM meanwhile will provide integrated MPEG-4 to MPEG-2 transcoding of up to sixty four programs per platform. MPEG-2 video remains important for hospitality because many hotels still have legacy flat panel televisions which can only decode MPEG-2. This presents considerable economic benefit to cable operators and their customers when the need to consider wholescale upgrades of televisions within hotels is eliminated. The TransQAM will afford cable operators the ability to receive both standard and high definition channels that are MPEG-4 encoded for universal distribution within a hospitality environment. Through a subsequent software upgrade, Vecima plans to enable the TransQAM to support SCTE-27 subtitling which is highly desirable in markets such as Latin America that view content in a non-native language. Existing Terrace QAM units can be upgraded to this new powerful version with an easy to deploy upgrade kit.

Using the TC600E or TransQAM, cable operators can continue to support and enhance their commercial video businesses while freeing up valuable network capacity for additional revenue generating services.

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.

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes", "may", "plans", "will", "anticipates", "intends", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements about: TransQAM version of the Terrace QAM platform will allow the hospitality HD solution to support MPEG-4 video input; TransQAM meanwhile will provide integrated MPEG-4 to MPEG-2 transcoding of up to sixty four programs per platform; TransQAM will afford cable operators the ability to receive both standard and high definition channels; and Vecima plans to enable the TransQAM to support SCTE-27 subtitling.

In connection with the forward-looking information contained in this news release, Vecima has made numerous assumptions, regarding, among other things: the ability to decode MPEG-4 is possible within the Terrace QAM platform; intellectual property is sufficiently protected from piracy prior to product release; the organization has sufficient resources to complete the project; communications standards remain the same; and suppliers are able to provide the products and services we require to add critical functionality. While Vecima considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Vecima's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: our success depends on our ability to develop new products and enhance our existing products; if our intellectual property is not adequately protected, we may lose our competitive advantage; we may be unable to deliver products associated with key contracts; our inability to adapt to technological change, new products and standards could harm our business; and our reliance on third-party suppliers and contract manufacturers reduces our control over our performance.

A more complete discussion of the risks and uncertainties facing Vecima is disclosed under the heading "Risk Factors" in the Company's Annual Information Form dated September 26, 2013, as well as the Company's continuous disclosure filings with Canadian securities regulatory authorities available at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Vecima disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

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