Vecima Networks Inc.
TSX : VCM

Vecima Networks Inc.

January 19, 2015 06:00 ET

Vecima Networks Names New SVP Corporate Development

VICTORIA, BRITISH COLUMBIA--(Marketwired - Jan. 19, 2015) - Vecima Networks Inc. ("Vecima" or "the Company") (TSX:VCM) announces that Mr. Richard (Dean) Rockwell has assumed the newly created role of Senior Vice President, Corporate Development of Vecima.

Mr. Rockwell is an experienced leader of technology-intensive businesses and has a solid track record with over twenty seven years of experience including multiple c-level positions, general management, business and strategy development, direct sales & sales management, product management, product development and operations. In addition, Dean brings extensive experience in mergers & acquisitions and strategic investments to the team. Most recently he was CEO of In Motion Technology, a local BC based technology company. Before joining In Motion Technology, he served as COO of Pulse Energy and CEO of the British Columbia Innovation Council (BCIC). Prior to returning to his native BC in 2008, Dean spent over twenty years as a senior executive with Scientific-Atlanta and Cisco Systems including over ten years based in Atlanta, Georgia and Brussels, Belgium culminating in the role of Vice President and General Manager of the worldwide Digital Media Networks business unit.

"Dean has been a great addition to Vecima's Board and we are eager to have him even more involved in the day-to-day operations of the Company. His depth of professional experience in the cable industry and the technology industry in general is an ideal match for Vecima", said Sumit Kumar, President and CEO.

Mr. Rockwell has resigned from the Company's Board of Directors.

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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