Vecima Selected by Tier 1 US Operator to Enable 10G Services over Existing HFC Networks
Vecima Networks Inc. (TSX: VCM) today announced that a Major Tier 1 US Service Provider has selected its Entra® Distributed Access Architecture (DAA) solution with ERM3 Remote PHY Devices to support its enterprise-wide fixed broadband network upgrade to 10G. The ERM3 will be used to upgrade a substantial portion of the operator's network and support a growth plan driven by network evolution, expansion, and execution.
Cable operators are competing with the multi-gigabit symmetric service offerings from other providers, making DAA solutions that drop into existing operational systems and wireline infrastructure crucial to time-to-market.
Vecima's ERM3 Remote PHY Device (RPD) is designed to easily upgrade legacy HFC nodes to DAA and reduce upgrade time and cost for service providers while dramatically increasing broadband capacity. With a unique design that allows for direct installation in three of the most widely deployed third-party nodes in North America, the ERM3 supports 1x1, 1x2, 2x2, and 2x4 service group configurations. Upgrading legacy nodes to DAA allows for substantially improved service quality, lower-cost operations, and higher bandwidth for DOCSIS subscribers. When installed in Vecima's previously announced EN9000 Generic Access Platform (GAP) node, higher performance and density can be achieved in a platform that enables ongoing further evolution in capacity and access technologies.
"Operators and Vecima are united in our mission to deliver 10G broadband speeds to people everywhere. This engagement is focused on unlocking the fiber-like capacity available through incremental upgrades to existing HFC plant," said Sumit Kumar, Vecima's President and Chief Executive Officer. "Our Entra products seamlessly interoperate with widely deployed legacy platforms and are designed to be efficiently and cost-effectively operationalized."
"Our expanding partnership with this operator highlights our laser focus on providing technology and services that help our partners execute their strategies. Vecima is proud to partner with one of the world's leading operators as it empowers communities with the networks that are the foundation of global progress."
In September 2022, Vecima announced significant market adoption and scale for its Entra Cable Access and Fiber Access products, including its Entra Remote PHY nodes. In addition, Vecima recently announced a revenue record for its Entra DAA portfolio, with strong deliveries inrecent quarters.
With full 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 using Vecima's product portfolio. Learn more at vecima.com/network-access.
About Vecima Networks
Vecima Networks Inc. (TSX: VCM) is leading the global evolution to the multi-gigabit, content-rich networks of the future. Our 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. We help our customers evolve their networks with cloud-based solutions that deliver ground-breaking speed, superior video quality, and exciting new services to their subscribers. Learn more at vecima.com.
This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes", "may", "plans", "will", "anticipates", "intends", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes but is not limited to statements relating to the use of the ERM3 devices; increase in performance, service quality, and density, as well as lower costs from upgrades on EN9000 GAP; upgrades to the HFC nodes; the Tier 1 operator's growth plan; and expansion of our partnership with the Tier 1 operator.
Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. The material expectations, assumptions, and other factors used in developing the forward-looking statements set out herein include or relate to the following, without limitation: Vecima will be able to successfully execute its plans, strategies, and objectives; Vecima's ability to deliver the ERM3 devices; and the Tier 1 operator's use of the ERM3 devices as part of their network.
Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Vecima's business. A more complete discussion of the risks and uncertainties facing Vecima is disclosed under the heading "Risk Factors" in the Company's Annual Information Form dated September 22, 2022, as well as the Company's continuous disclosure filings with Canadian securities regulatory authorities available at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Vecima disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof and Vecima undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws.
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