WiMAX Reverse Path Demodulator
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Rapid Growth for Vecima's New Reverse Path Demodulator Product
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® 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.
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.
