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Vecima Networks Inc. (VCM)
Exchange: Toronto Stock Exchange
$4.350
May 21, 2013, 2:17 AM EDT
Change: -0.05 (-1.14%)
Volume: 3,200

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Streakwave Wireless, Inc. Announces new distribution agreement with Vecima Networks Inc.

VICTORIA, BC, Jan. 19 /CNW/ - Streakwave Wireless, Inc. ("Streakwave"), a global distributor of wireless solutions, today announced the signing of a new distribution agreement with Vecima Networks Inc. ("Vecima") (TSX:VCM), a leading supplier of WiMAX broadband solutions and other networking technologies. Streakwave is the first US-based distributor for Vecima primarily focused on the VistaMAX(R) family of solutions.

"Adding Vecima's line of WiMAX equipment substantially expands the Streakwave product offering in the wireless area," said Carl Moberg, Chief Executive Officer of Streakwave Wireless. "Vecima is a principal member of the WiMAX Forum(TM) offering a complete line of gear in the 1.9GHz, 3.5GHz, 3.65GHz and 5.8GHz frequencies. Streakwave is known for being an aggressive distributor pushing advanced technologies to the market. The partnership of the two companies will aid in bringing this technology to all service providers at a reasonable cost."

"Signing Streakwave Wireless, Inc. as a distributor of VistaMAX products in the United States will allow us to access a broader group of customers," said Dr. Surinder Kumar, CEO of Vecima Networks, "Working with Streakwave, Vecima will focus on carrier-class deployments for the rural and suburban WISP market. This will help current operators avoid existing interference in unlicensed spectrum, allowing them to deploy more effective networks."

Streakwave Wireless will stock and distribute the Vecima line of WiMAX products from their two warehouses located in San Jose, CA. and Salt Lake City, UT. Full systems, including the 3.5, 3.65 and 5GHz base stations and subscriber units are now available.

About Streakwave Wireless

Streakwave Wireless Inc., founded in 2000 is a leading Global Value-Added Distributor with facilities in San Jose, CA and Salt Lake City, UT and is proud to offer a complete line of wireless solutions from top tier manufacturers. Streakwave offers equipment, which utilizes both licensed and licensed free frequency bands available for public use. Solutions include; Point-to-Point back hauls, Point to Multipoint systems, WLAN and equipment for all other types of wireless applications. Primarily, Streakwave serves the Educational, Government, Enterprise, Healthcare, Hospitality, Security and ISP/WISP markets. For more information about Streakwave Wireless, Inc. please visit www.streakwave.com

About Vecima Networks

Vecima Networks Inc. (TSX:VCM) designs, manufactures and sells products that enable broadband access to cable, wireless and telephony networks. Vecima's hardware products incorporate original embedded software to meet the complex requirements of next-generation, high-speed digital networks. Service providers use Vecima's solutions to deliver services to a converging worldwide broadband market, including what are commonly known as "triple play" (voice, video and data) and "quadruple play" (voice, video, data and wireless) services. Vecima's solutions allow service providers to rapidly and cost-effectively bridge the final network segment that connects the system directly to end users, commonly referred to as "the last mile," by overcoming the bottleneck resulting from insufficient carrying capacity in legacy, last mile infrastructures. Vecima's products are directed at two principal markets: Converged Wired Solutions and Broadband Wireless. The Company has also developed, and continues to focus on developing, products to address emerging markets such as Voice over Internet Protocol, fibre to the home and IP video. www.vecima.com

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