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WiMAX Reverse Path
Demodulator |
Rapid Growth for Vecima's New
Reverse Path Demodulator Product
Other Topics: WiMAX Laptop
ExpressCard, Wireless Broadband
Communication Systems, Mobile WiMAX Channel
Emulation
Vecima Networks Inc.
October 22, 2007
Approximately $6.0 M worth of orders already in-hand for delivery in
the current quarter
Victoria, British Columbia -- 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. |
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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.
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 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.
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