Business
Vecima signs multi-year agreement to supply new TerraceQAM Product to major Cable MSO
- Product Supports Transition to All-Digital Networks, Enables New HDTV Market Services - VICTORI...
About this update from Vecima Networks Inc.
[{"type":"text","content":"\n\n\n\n - Product Supports Transition to All-Digital Networks,\n Enables New HDTV Market Services -\n\n\nVICTORIA, Feb. 5 /CNW/ - Vecima Networks Inc. ("Vecima" or "the Company")\n(TSX:VCM), a leading provider of equipment supporting broadband access to\ncable, wireless and telephony networks, today announced it has signed a\nmulti-year engineering, supply and maintenance contract with a leading,\nUS-based cable multiple system operator (Cable MSO) for a new cable network\nproduct in its growing Terrace product family for all-digital cable systems.\nThe new TerraceQAM product is designed to provide cable system operators with\nmarket leading technology delivering both High Definition (HD) and Standard\nDefinition (SD) digital video streams in a secure format connecting directly\nto newer flat panel TVs, eliminating the need for an additional Digital Set\nTop Box. The result is a cleaner and more reliable installation offering a\nbroader range of video services and a simplified user experience. This new\ntechnology is highly desired by the hospitality industry, hospitals, schools,\nuniversities and other institutions because it streamlines infrastructure\nrequirements and reduces costs. The market is expected to grow to a cumulative\n$600M worldwide over the next ten years and creates opportunities for\noperators to deploy all-digital services to new market segments.\n\n\n"Signing this agreement for the TerraceQAM product provides further\nevidence of the lead role Vecima is playing as networks transition to\nall-digital service," said Vecima Chief Executive and Chairman, Dr. Surinder\nKumar. "TerraceQAM allows operators to use their networks to take full\nadvantage of the capabilities of next-generation HDTVs providing an improved\nend-user experience. As we continue to execute on our strategy to exploit\nopportunities supporting Cable MSO's transition to all-digital networks and\nthe provision of new and enhanced HDTV services, we would expect to obtain a\nsizeable portion of this market over the mid-term."\n\n\nTerraceQAM is a modular system allowing simultaneous decoding of 32 QAM\nmodulated channels to either MPEG-2/SD or MPEG-2/HD video channels. The\nproduct allows bulk decryption and re-encryption of video streams and\nre-modulation to QAM format. The remodulated signals are distri...