Vecima's New Platform Being Deployed by Top US Cable Companies

VICTORIA, BRITISH COLUMBIA--(Marketwired - Sept. 17, 2014) - Vecima Networks Inc. (TSX:VCM), an experienced designer and manufacturer of innovative technology in the broadband equipment market, is announcing today that in fiscal 2014, the Company shipped over $3.6 million of its new digital video access platform. This milestone signifies the initiation of the deployment phase after successful conclusion of approval testing by the first set, of a group, of major MSO customers.

In March 2012, the Company announced the contract award for the platform in which the Company's OEM customer committed to a purchase volume of $19 million within two years of approval. Management continues to expect that over the life of the platform, revenue will well exceed this level based on the market need and the revenue achieved from a similar product that addressed a comparable number of subscriber units in the field.

"The initial ramp in deployment demonstrates that we've achieved an important milestone in meeting this market need," stated Sumit Kumar, President and CEO of Vecima. "Vecima expects to receive approval from additional cable companies in the short term."

Vecima's digital video access platform is required to provide critical two way communications to an extensive network of video subscriber devices. The solution provides cable operators with appreciable power savings (over 60%) and a form factor that is substantially smaller (less than 10%) than previous solutions.

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.