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Vecima to File Form 15F to Terminate SEC Registration and Reporting Obligations
Vecima to File Form 15F to Terminate SEC Registration and Reporting Obligations.
About this update from Vecima Networks Inc.
[{"type":"text","content":"\n\n\n\nVICTORIA, June 29 /CNW/ - Vecima Networks Inc. (TSX:VCM) ("Vecima")\nannounces that it intends to file a Form 15F with the Securities and Exchange\nCommission ("SEC") to terminate the registration of the company's class of\ncommon shares under Section 12(g) of the United States Securities Exchange Act\nof 1934, as amended (the "Exchange Act") and the company's reporting\nobligations under Section 13(a) and Section 15(d) of the Exchange Act.\n\n\nVecima succeeded to Spectrum Signal Processing Inc.'s ("Spectrum's")\nExchange Act registration and reporting obligations when Vecima acquired\nSpectrum on May 2, 2007. The passage of new Exchange Act Rule 12h-6 has\nenabled Vecima to apply to terminate its registration and reporting\nobligations with the SEC. Vecima determined this was advisable given the\nassociated costs and the fact the company has no intention to pursue a US\nlisting at this time. When Vecima files Form 15F, the company's Exchange Act\nreporting obligations will be suspended immediately and will terminate within\n90 days absent any objections by the SEC.\n\n\nAbout Vecima Networks\n\n\nVecima Networks Inc. (TSX:VCM) designs, manufactures and sells products\nthat enable broadband access to cable, wireless and telephony networks.\nVecima's hardware products incorporate original embedded software to meet the\ncomplex requirements of next-generation, high-speed digital networks. Service\nproviders use Vecima's solutions to deliver services to a converging worldwide\nbroadband market, including what are commonly known as "triple play" (voice,\nvideo and data) and "quadruple play" (voice, video, data and wireless)\nservices. Vecima's solutions allow service providers to rapidly and\ncost-effectively bridge the final network segment that connects the system\ndirectly to end users, commonly referred to as "the last mile", by overcoming\nthe bottleneck resulting from insufficient carrying capacity in legacy, last\nmile infrastructures. Vecima's products are directed at three principal\nmarkets: Data over Cable, Broadband Wireless and Digital Video. The Company\nhas also developed and continues to focus on developing products to address\nemerging markets such as Voice over Internet Protocol, fibre to the home and\nIP video.\n\n\nwww.vecimanetworks.c...