Dr. Surinder Kumar reports

INDUSTRY VETERAN AND RETIRED COMCAST EXECUTIVE SAM CHERNAK JOINS VECIMA BOARD OF DIRECTORS

Samuel Chernak has joined Vecima Networks Inc.'s board of directors after being elected at Vecima's annual general meeting held on Tuesday, Dec. 19, 2023.

As an independent director on Vecima's board, Mr. Chernak brings 40 years of experience in the cable and telecom industry, and most recently retired after almost 30 years of service with Comcast. Mr. Chernak has held a variety of senior executive roles, including leading engineering and operations for Comcast's cellular and digital voice businesses, leading access network technology development, capacity planning to drive the operator's high-speed Internet and Internet protocol video products, and running transformational acquisitions and major business units. Prior to Comcast, Mr. Chernak held senior product management roles at Unitel in Toronto, Ont., and Impact Telecom. He started his career at Bell Labs, and then went on to the research and innovation unit of AT&T.

Mr. Chernak holds a master's degree in applied math from Rutgers University and a bachelor of science degree in electrical engineering from Lehigh University.

"Sam's wealth of executive experience, directly related to our business strategies, core technologies and products, will be a tremendous asset to Vecima's board of directors and management team as we continue to partner with the world's leading service providers to unlock the benefits of limitless connectivity," said Dr. Surinder Kumar, chairman of Vecima's board. "As we embark on the next phase of Vecima's growth, we are excited to access Sam's depth of knowledge to influence our strategy, leveraging the decades he has spent driving the broad innovation that has built the service provider industry and the networks that are the foundation of global progress."

Full biographies for each of Vecima's board members can be found at the Vecima website.

About Vecima Networks Inc.

Vecima (Toronto Stock Exchange: VCM) 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. It 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.