Mr. Clay McCreery reports

VECIMA ANNOUNCES EXPANSION OF MANUFACTURING OF CERTAIN ENTRA(TM) ACCESS PRODUCTS TO THE U.S. FOR THE BROADBAND EQUITY, ACCESS, AND DEPLOYMENT PROGRAM

Vecima Networks Inc. intends to expand manufacturing into the United States for certain products in its Entra portfolio. By establishing a U.S. manufacturing program, Vecima expects to increase its operations to meet the proposed Build America, Buy America (BABA) requirements under the Broadband Equity, Access, and Deployment (BEAD) program, one of the programs established under the Infrastructure Investment & Jobs Act (IIJA). Vecima fully supports the BABA goals of the IIJA.

Presently, two of Vecima's broadband access products -- the Entra SF-4X remote optical line terminal (OLT) and the Entra EN8100 remote PHY access node -- are compliant with the BABA requirements pertaining to the Middle Mile Broadband Infrastructure program, another IIJA program, and have been widely deployed across North America.

Vecima has been engaged with the U.S. Department of Commerce's National Telecommunications Information and Administrative Agency (NTIA), which is currently finalizing rules related to BABA domestic sourcing requirements for the BEAD program. Vecima anticipates, based on the steps the company is taking today, that Vecima will be part of NTIA's list of BABA-compliant vendors for the BEAD program upon finalization of those requirements and its U.S. manufacturing operations.

Vecima's industry-leading portfolio of 10G PON products have achieved strong market adoption, and, in March, 2023, the Dell'Oro Group named Vecima the global market share leader in both remote Macphy and remote OLT distributed access architecture (DAA) solutions.

"Our current Entra fibre and cable access platforms have been broadly successful with service providers due to strong technical and operational differentiation," said Clay McCreery, Vecima chief operating officer. "Today's announcement that we're planning to build products in the United States demonstrates our continued commitment to the marketplace and to empowering communities with equitable access to the broadband networks that fuel progress."

With broad support for all next-generation cable access technologies, high-value legacy services and proven industry-leading interoperability, the networks of tomorrow are deployable today without compromise.

About Vecima Networks Inc.

Vecima Networks is leading the global evolution to the multigigabit, content-rich networks of the future. Its talented people deliver future-ready software, services and integrated platforms that power broadband and video streaming networks, monitor and manage transportation, and transform experiences in homes, businesses and everywhere people connect. Vecima helps its customers evolve their networks with cloud-based solutions that deliver groundbreaking speed, superior video quality and exciting new services to their subscribers. There is power in connectivity -- it enables people, businesses and communities to grow and thrive.

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