Vecima Networks Continues Strong Operational Performance


VICTORIA, BRITISH COLUMBIA--(Marketwired - July 17, 2014) - Vecima Networks Inc. (TSX:VCM), an experienced designer and manufacturer of innovative technology in the broadband equipment market, is announcing today that continued strong operational performance in the fourth quarter will result in a further substantial increase to the Company's cash balance. Vecima's stated focus is to derive high profitability using a strategy that aims to deliver high value platform products to the cable MSOs. The Company's cash flow is a metric to gauge our performance. The Company expects that its cash balance at the conclusion of the fourth quarter will be approximately $48 million or about a $6 million increase compared to March 31, 2014.

"Rather than waiting until we report year end results in late September, we are updating shareholders today that we believe our plan remains well on track," indicated Sumit Kumar, President and CEO.

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: further substantial increase to the Company's cash balance and cash balance at the conclusion of the fourth quarter will be approximately $48 million or about a $6 million increase compared to March 31, 2014.

In connection with the forward-looking information contained in this news release, Vecima has made numerous assumptions, regarding, among other things: no unexpected expenses arise that adversely impact the Company's cash balance; and, the present or potential value of the Company's core technologies, business operations and asset holdings. 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: unexpected expenses may arise that adversely impact the Company's cash balance; the board of directors of the Company may not approve future dividends; there may be no opportunities to maximize shareholder value; unexpected capital obligations may arise that exceed Vecima's financial resources; the Company's share price may never increase and may decrease significantly; the Company's balance sheet, as well as value of its core technologies, business operations and asset holdings may be significantly weaker than currently estimated by the Company; there may be no further growth or profitability of the Company; and, there may be no further development or introduction of new products.

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.

Contact Information:

Vecima Networks Inc.
Investor Relations
250-881-1982
invest@vecima.com
www.vecima.com