Vecima Networks selected as Hospitality Video Partner for Tier 1 European MSO

Vecima’s Terrace DVB Platform to service commercial and business locations

VICTORIA – (October 23, 2018) – Vecima Networks Inc. (TSX:VCM), an experienced designer and manufacturer of innovative network technology solutions, announced today that it has signed a supply agreement with a Tier 1 European MSO to expand its hospitality video services. The supply agreement covers Vecima’s Terrace DVB product line, the latest edition of the Terrace family of products.

Vecima’s Terrace DVB product, a version of its successful Terrace series of platforms which are used in over 20,000 hotels globally, has been selected to supply video to commercial and business locations of a Tier 1 MSO in Europe. Terrace DVB was a finalist in the Video Distribution Systems category in BTR’s (Broadband Technology Report) 2017 Diamond Technology Reviews where, according to the judges, Terrace DVB “nicely fills a niche need in the commercial video market” by enabling DVB cable operators worldwide to effectively service their commercial accounts, providing bulk digital services more efficiently and cost-effectively.

”We’re pleased to see that Terrace DVB is garnering the same positive attention as our very successful Terrace QAM,” said Sumit Kumar, CEO of Vecima Networks. “We’re very excited to have the opportunity to partner with a cable leader in the European marketplace.”

The Terrace DVB Commercial Video Gateway is a multi-channel DVB-C (QAM) to DVB-T (COFDM) or DVB-C (QAM) decrypting transmodulator used for business to business commercial video applications. Demodulated MPEG transport streams are decrypted by DVB CAM technology and then re-modulated to the desired DVB-T/C channel. The Terrace DVB can decrypt using 8 DVB CAMs and provides up to 8 DVB-T/C RF output channels to allow a full line-up of customized programming. By offering both SD and HD programming in the same chassis, Terrace DVB has the flexibility to adapt to emerging technologies as well as legacy formats.

To learn more about Vecima’s Terrace DVB, please visit Booth 623 at SCTE’s Cable-Tec Expo 2018 in Atlanta, Georgia. To learn more about Vecima’s award-winning products, please visit www.vecima.com.

About Vecima Networks

Vecima Networks Inc. (TSX:VCM) is a globally recognized leader in creating breakthrough technology solutions that empower network service providers to connect people and enterprises to information and entertainment worldwide. Vecima products for the cable industry allow service providers a cost-effective Last Mile Solution® for both video and broadband access, especially in the demanding business services market segment. Vecima’s Video Content Delivery and Storage business, operated under the Concurrent brand, includes solutions and software for industries and customers that focus on storing, protecting, transforming, and delivering high value media assets. Vecima also provides fleet managers the key information and analytics they require to optimally manage their business under the Contigo, NERO Global Tracking, and FleetLynx brands. For more information, please visit our website at www.vecima.com.