An anonymous director reports

VECIMA ANNOUNCES INTENT TO ACQUIRE THE ASSETS OF CASA SYSTEMS' CABLE BUSINESS

Vecima Networks Inc. has entered into an asset purchase agreement (APA) to acquire the cable business assets of Casa Systems Inc. and certain of Casa's subsidiaries. Under the APA, Vecima, or its affiliates, will acquire substantially all the assets of Casa's cable business for a purchase price of $20-million (U.S.). To facilitate the sale, Casa and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.

Casa is seeking approval of Vecima as a stalking horse bidder for the cable business assets under Section 363 of the Bankruptcy Code. The transaction is subject to Bankruptcy Court approval and other bids for the cable business assets at an auction co-ordinated through the Bankruptcy Court.

If Vecima is successful, closing of the transaction is expected to occur at the beginning of June, 2024. Closing of the transaction is subject to Bankruptcy Court approval and other customary closing conditions.

About Vecima Networks Inc.

Vecima Networks is leading the global evolution to the multigigabit, content-rich networks of the future. The company's 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. The company help 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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