Vecima Networks Inc.
TSX : VCM

Vecima Networks Inc.

August 24, 2015 09:00 ET

Vecima Broadens Deployment of New TC600E and TransQAM Platforms

VICTORIA, BRITISH COLUMBIA--(Marketwired - Aug. 24, 2015) - Vecima Networks Inc. (TSX:VCM), an experienced designer and manufacturer of innovative technology in the broadband equipment market, today announced that deployment of its newly introduced TC600E and TransQAM Platforms is proceeding at a rapid pace. Both new platforms incorporate support for state-of-the-art MPEG-4 HD video, which provides a 30%-to-50% savings in network capacity requirements to support operators' video offerings. Additionally, the TransQAM offers MPEG-4 to MPEG-2 transcoding, an important function that lets hospitality operators take advantage of MPEG-4 capabilities without having to replace their existing, widely deployed base of MPEG-2 only televisions. Since April of 2015, Vecima has shipped and received more than $7.3 million of orders for these two products.

"We are delighted with the rapid market acceptance of our newer platforms. Wide adoption by leading MSOs, including significant deployments into new tier 1 MSO customers, highlights the value Vecima's innovative platforms provide to cable operators in the commercial services sector," said Sumit Kumar, Vecima's President and CEO. "Vecima's Terrace and TerraceQAM product families continue to stand as market-leading solutions for all-digital conversion and hospitality high-definition video respectively."

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.

Contact Information