Vecima Networks Inc.
TSX : VCM

Vecima Networks Inc.

October 22, 2015 06:00 ET

Vecima Signs Supply Agreement for TC600E with Major MSO

VICTORIA, BRITISH COLUMBIA--(Marketwired - Oct. 22, 2015) - Vecima Networks Inc. (TSX:VCM), an experienced designer and manufacturer of innovative technology in the broadband equipment market, is announcing today that it has signed a supply agreement with a Tier 1 MSO (Multiple System Operator) to support its network wide all-digital conversion across the United States of America. The supply agreement covers Vecima's Terrace TC600E product line, the latest edition of the Terrace family of products. In July 2015, Vecima announced that deployment of the Terrace family had commenced at this MSO.

"We are pleased to see the swift adoption of our TC600E platform at this leading operator, representing the fifth Tier 1 MSO to commence network-wide deployment with our Terrace family of products," stated Sumit Kumar, President and CEO. "To date, Vecima has shipped and received orders from this operator totaling approximately $8.6 Million for the TC600E, covering an estimated 40-50% of the operator's deployment towards their network-wide all digital conversion. A cable operator of this size typically plans to complete the conversion over one to two years followed by a transition to the network fill in phase."

The TC600E platform adds support for MPEG-4 and high definition inputs along with a more than four times increase in input 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.

Vecima, a leading supplier in this market, is sharply focused on the development of leading technology that spawns powerful and engaging platforms for cable MSO customers.

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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