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 the Company’s financial performance or as a measure of its liquidity and cash flows. For a reconciliation of Adjusted EBITDA, investors should refer to Vecima’s Management’s Discussion and Analysis for the first quarter of fiscal 2015.

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: both products will support the more efficient MPEG-4 format; we plan to develop additional products and platforms that fuel the long-term objective of cable operators; using the TC600E platform, cable operators will be able to continue to support and enhance their commercial video businesses; the new platform will enable Terrace QAM to support a broader spectrum of network architectures including MPEG-4; and management expects continued growth in this product.

In connection with the forward-looking information contained in this news release, Vecima has made numerous assumptions, regarding, among other things: we have the ability to develop new products; if we’re unable to manage our intellectual property accordingly, other incumbents may capture market share predominantly occupied by Vecima; if competitors develop similar products, revenues could decline; we can support MPEG-4 format within our new products; we can adopt new technologies and standards; suppliers provide us with the necessary components to deliver platform solutions; and new technologies don’t impair the market need for the new platforms Vecima develops. 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: our success depends on our ability to develop new products and enhance our existing products; if our intellectual property is not adequately protected, we may lose our competitive advantage; increased competition could have an adverse effect on our business; we may be unable to deliver products associated with key contracts; our inability to adapt to technological change, new products and standards could harm our business; our reliance on third-party suppliers and contract manufacturers reduces our control over our performance; and competition from new or existing technologies may adversely affect our 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 25, 2014, 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.