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.

Adjusted EBITDA

Adjusted EBITDA does not have a standardized meaning under IFRS and therefore may not be comparable to similar measures provided by other issuers. Accordingly, investors are cautioned that Adjusted EBITDA should not be construed as an alternative to net income, determined in accordance with IFRS, as an indicator of our financial performance or as a measure of our liquidity and cash flows. For a reconciliation of Adjusted EBITDA, investors should refer to Vecima’s Management’s Discussion and Analysis for fiscal 2014.

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: future dividends; management’s expectation regarding the ongoing deployments of Terrace Family products that coincide with initiation of network upgrades to all-digital networks; management expectation of some variability in quarterly revenue for the remainder of calendar 2014 as approval testing for Digital Video Access Platforms is concluded at additional MSOs; the development of a new Terrace QAM platform and its capabilities Vecima’s plans to introduce products that enable essential network capacity improvements as well as platforms that fuel the long-term objective to provide gigabit class Internet speeds and IP based video broadly; and, the financial outlook for fiscal 2015.

In connection with the forward-looking information contained in this news release, Vecima has made numerous assumptions, regarding, among other things: that MSOs continue to upgrade to all-digital networks; that Vecima is able to continue its relationships with its few large customers; Vecima is able to deliver products associated with key contracts; Vecima can manage its business and its growth successfully; Vecima can meet its customers’ requirements for manufacturing capacity; Vecima is able to develop new products and enhance its existing products; Vecima is not required to change its pricing models to compete successfully; Vecima’s third-party suppliers and contract manufacturers upon which it relies continue to meet its needs; currency fluctuations do not adversely affect Vecima; and, Vecima is not subject to increased competition that has an adverse effect on its business. 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: future quarterly dividends will be subject to approval of the Board of Directors; Vecima may not identify any opportunities to monetize core assets on terms satisfactory to Vecima; Vecima derives a substantial part of its revenue from a few large customers; Vecima may be unable to deliver products associated with key contracts; failure to manage Vecima’s business or its growth successfully may adversely affect its operating results; if Vecima cannot meet customers’ requirements for manufacturing capacity, sales may suffer; Vecima’s success depends on its ability to develop new products and enhance its existing products; if Vecima is required to change its pricing models to compete successfully, Vecima’s margins and operating results may be adversely affected; Vecima’s reliance on third-party suppliers and contract manufacturers reduces its control over its performance; currency fluctuations may adversely affect Vecima; and, competition from new or existing technologies may adversely affect Vecima’s business.

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.

This news release contains information that constitutes a “financial outlook” within the meaning of applicable securities laws. The financial outlook has been approved by management of Vecima as of the date of this news release. The financial outlook is provided for the purpose of providing readers with an understanding of Vecima’s expected financial performance for fiscal 2015. Readers are cautioned that the information contained in the financial outlook may not be appropriate for other purposes.