Mr. Sumit Kumar reports

VECIMA NETWORKS SELECTED AS HOSPITALITY VIDEO PARTNER FOR TIER 1 EUROPEAN MSO

Vecima Networks Inc. has signed a supply agreement with a Tier 1 European MSO (management services organization) to expand its hospitality video services. The supply agreement covers Vecima's Terrace DVB product line, the latest edition of the Terrace family of products.

Vecima's Terrace DVB product, a version of its successful Terrace series of platforms which are used in over 20,000 hotels globally, has been selected to supply video to commercial and business locations of a Tier 1 MSO in Europe. Terrace DVB was a finalist in the video distribution systems category in BTR's (Broadband Technology Report) 2017 Diamond Technology reviews where, according to the judges, Terrace DVB "nicely fills a niche need in the commercial video market" by enabling DVB cable operators worldwide to effectively service their commercial accounts, providing bulk digital services more efficiently and cost-effectively.

"We're pleased to see that Terrace DVB is garnering the same positive attention as our very successful Terrace QAM," said Sumit Kumar, chief executive officer of Vecima Networks. "We're very excited to have the opportunity to partner with a cable leader in the European marketplace."

The Terrace DVB commercial video gateway is a multichannel DVB-C (QAM) to DVB-T (COFDM) or DVB-C (QAM) decrypting transmodulator used for business-to-business commercial video applications. Demodulated MPEG transport streams are decrypted by DVB CAM technology and then remodulated to the desired DVB-T/C channel. The Terrace DVB can decrypt using eight DVB CAMs and provides up to eight DVB-T/C RF output channels to allow a full lineup of customized programming. By offering both SD (standard definition) and HD (high definition) programming in the same chassis, Terrace DVB has the flexibility to adapt to emerging technologies as well as legacy formats.

About Vecima Networks Inc.

Vecima Networks is a globally recognized leader in creating breakthrough technology solutions that empower network service providers to connect people and enterprises to information and entertainment worldwide. Vecima products for the cable industry allow service providers a cost-effective last-mile solution for both video and broadband access, especially in the demanding business service market segment.