Rapid Growth for Vecima’s New Reverse Path Demodulator Product
Release Date: October 22, 2007
Approximately $6.0 M worth of orders already in-hand for delivery in the current quarter.
VICTORIA, BRITISH COLUMBIA, Oct 22, 2007 (Marketwire via COMTEX News Network) —
Vecima Networks Inc. (“Vecima”) (TSX:VCM), the Last Mile Solution(R) for broadband wired and wireless networks, is pleased to announce a rapid ramp up in orders for the company’s recently released reverse path demodulator product. Vecima has received orders of approximately $6.0 million for delivery in the current quarter. Vecima’s expectation is that the product’s run rate will stabilize to a level of $4 million per quarter for the 2008 calendar year.
“We are very pleased with the success of this new product which is based on our cutting edge technology. This is solid evidence of our continued success in pursuing previously stated strategic objectives of revenue and customer diversification,” said Dr. Surinder Kumar, Chairman and CEO of Vecima Networks.
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 three principal markets: Data over Cable, Broadband Wireless and Digital Video. 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.
Certain statements in this news release may constitute forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this news release, such statements are generally identified by the use of such words as “may”, “will”, “expect”, “believe”, “plan”, “intend” and other similar terminology. These statements reflect Vecima’s current expectations regarding future events and operating performance and speak only as of the date of this news release. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors including, but not limited to, the factors discussed under “Risk Factors” in the Company’s Annual Information Form dated September 25, 2007 available on SEDAR (www.sedar.com), could cause actual results to differ materially from the results discussed in the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances.
SOURCE: Vecima Networks Inc.
Vecima Networks Inc. Alan Brick Investor Relations Officer (250) 881-1982 Email: firstname.lastname@example.org Website: www.vecima.com
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