Product supports broadband network extension for rural data and voice services
VICTORIA, April 14 /CNW/ - Vecima Networks Inc. ("Vecima") (TSX:VCM), a leading provider of equipment supporting broadband access to cable, wireless and telephony networks, today announced it has signed an agreement with Telebec, a member of the Bell Aliant Regional Communications group, to supply Broadband Wireless Internet (BWIN(TM)) base stations and customer premise equipment. This equipment uses existing cable infrastructure to support rural subscribers with high speed data and voice services over a wireless network. Vecima designed the Remote Rural Broadband System (RRBS) to specifically meet Telebec's needs throughout the Quebec region using radio spectrum recently made available by Industry Canada. The equipment has successfully passed extensive field trials and installation at customer sites is expected to begin immediately.
"We are seeing good strength in our wireless business, supported by this and other recent contract wins, and believe the growth will continue for our BWIN(TM), WiMAX and SDR radio platforms," said Vecima Chief Executive and Chairman, Dr. Surinder Kumar. "Our design work on this product demonstrates our ability to develop customer-focused solutions and helps support our strategy to diversify revenue streams and balance OEM and direct customer sales."
Vecima's BWIN wireless system builds on the powerful and cost effective DOCSIS(TM) standard for cable equipment and provides an excellent solution for high bandwidth wireless services reaching beyond the wired limits of a cable infrastructure. Full carrier class performance is combined with easy installation and set-up for rapid deployment and quick return on investment. The equipment features fully weatherized units offering consistent performance and reliability in the harshest climates.
About Telebec
Quebec's leading regional telecommunications company, Telebec and its subsidiaries provide a complete range of integrated and innovative telecommunications services to more than half the province. Telebec's 150,000 customers are located in 300 municipalities across Quebec. This vast territory of 750,000 square kilometres is bounded to the north by the James Bay territory, to the south by Venise-en-Quebec, near the U.S. border, to the west by Ville-Marie in Abitibi-Temiscamingue, and to the east by the Iles-de-la-Madeleine.
Combining leadership and innovation to perfect an already well-established network, Telebec has continued to grow since its creation in 1969, through a series of acquisitions, mergers and strategic integrations that have made it one of the largest telecommunications companies in Quebec. A member of the Bell Aliant Regional Communications group, Telebec has, over the years, also become an important agent for the economic development of the communities it serves.
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. www.vecima.com
Forward-Looking Statements
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 Report dated September 25, 2008 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.