VCom Wins BC Export Award
Release Date: November 29, 2005
VICTORIA, BRITISH COLUMBIA–(CCNMatthews – Nov. 29, 2005) – VCom Inc. (TSX:VCM), a world leading designer and manufacturer of advanced broadband products, is pleased to announce that it has won the BC Export Award for 2005, in the category of Advancing Technologies. The Advancing Technologies Award recognizes a company that has effectively harnessed the powers of intellectual property and value-added know-how.
Award recipients were announced at the 2005 BC Export Awards Gala Luncheon on Friday, November 25 in Vancouver before an audience of fellow exporters, business leaders and government officials. The event was co-hosted by the Government of British Columbia and the BC Division of Canadian Manufacturers & Exporters.
“This award recognizes VCom as a strong player in the international exporting market,” said Dr. Surinder Kumar, VCom’s President and CEO. “To accommodate growing demand, we expanded our international presence this year opening an Asia-Pacific Regional Sales Headquarters to provide business development, marketing, sales and support functions to current and prospective customers in the region.”
“All the companies presented with the 2005 BC Export Awards represent the drive, innovation and competitiveness that have always been critical to an export-based economy like ours,” said Premier Gordon Campbell. “Businesses all around the province are constantly finding new ways to tap new opportunities in new markets around the globe.”
VCom’s sales outside of Canada were CND $48.5 million for the 12 months ended June 30, 2005, representing 77% of total revenue.
For more information on the BC Export Awards, please visit www.bcexportawards.com.
VCom designs, manufactures and sells products that enable broadband access to cable, wireless and telephony networks. VCom’s hardware products incorporate embedded software developed by it to meet the complex requirements of next-generation, high-speed digital networks. Service providers use VCom’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. VCom’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. VCom’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. VCom currently employs approximately 500 people in Western Canada.
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