Vecima Signs Supply Agreement with Major MSO
VICTORIA – (January 13, 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 major MSO to support its all-digital conversion across the United States of America. The supply agreement covers Vecima’s Terrace product line which is used to provide a bulk video offering in the commercial premise after the all-digital conversion.
“We are very excited to finalize another supply agreement with one of the largest cable MSOs in North America,” stated Sumit Kumar, President and CEO. “To date, Vecima has sold approximately $7 million of Terrace family products to this customer representing the early stage requirements related to their all-digital conversion. The majority of the network remains to be converted at this operator and Vecima has received a substantial order for delivery in the first quarter of calendar 2015. Our team remains steadfast in securing agreements for platforms that support MSOs globally.”
In all, Vecima has sold well in excess of $100 million in Terrace family products. The Terrace product line has been well received and endorsed by operators because of its ability to provide high quality video service in both a scalable and reliable package. The broad adoption of this product demonstrates that operators require these devices on commercial premises in order to effectively transition to digital networks. Vecima is the leading supplier in this market.
Vecima recently launched the TC600E platform marking the latest addition to the Terrace family of products. 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.
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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Vecima Networks Inc.
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