BURNABY, BRITISH COLUMBIA--(Marketwire - Oct. 31, 2007) - Spectrum Signal Processing by Vecima ("Spectrum") (TSX:VCM), a provider of software defined radio (SDR) technology, today announced that an International defense prime will be using SDR-4000 technology in their next program. The contract calls for an immediate initial delivery of two SDR-4000 Tactical MILCOM Rapid Deployment Platforms (TMRDP), that provide an RF-to-Ethernet software defined radio solution. Subsequent deliveries include customizations of this platform specific for the customer's program. The $3.1M of products and services shall be delivered over the next 12 months.
"This is the mode of customer engagement that we have been seeking. Their software development begins immediately on the existing SDR-4000-TMRDP. Concurrent with their software development initiative, Spectrum is customizing a configuration specifically for their deployment requirements," said Mark Briggs, VP of Marketing at Spectrum. "The deliverables include existing product, customized products, training, services, and support, for our small form factor, rugged SDR-4000 platform."
"This is a production win for the new SDR-4000 product line," said Dr. Surinder Kumar, President and CEO of Vecima Networks Inc. "While we are not at liberty to discuss details of the customer and the program, the fact that the customer required Software Communications Architecture (SCA) enabled modems, validates that there is demand for this field deployable product offering."
The SDR-4000-TMRDP rugged wireless modem is packaged in a small 3U CompactPCI(R) form-factor that is conduction-cooled. The modem architecture consists of software reconfigurable processor technology combined into an integrated package that is size, weight and power optimized for deployment in harsh environments and where power is limited. It includes an Operating System, an Object Request Broker, and an SCA.
For more information, please visit www.spectrumsignal.com/products.
ABOUT SPECTRUM SIGNAL PROCESSING BY VECIMA
Spectrum Signal Processing is a leading supplier of software defined platforms for defense electronics applications. Spectrum's products and services are optimized for military communications, signals intelligence, surveillance, electronic warfare and satellite communications applications. Spectrum's integrated, application-ready products provide its customers with compelling time-to-market and performance advantages while mitigating program risk and cost parameters. Spectrum also provides applications engineering services and modified commercial-off-the-shelf platforms to the US Government, its allies and its prime contractors. For more information on Spectrum and its flexComm product line, please visit www.spectrumsignal.com. Spectrum is part of Vecima Networks Inc.
Vecima Networks Inc. ("Vecima") (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 three principal markets: Data over Cable, Broadband Wireless and Digital Video. The Company has also developed and continues to focus on developing products to address emerging markets such as Voice over Internet Protocol, fiber to the home and IP video. For more information on Vecima, please visit www.vecimanetworks.com.
FORWARD-LOOKING SAFE HARBOUR STATEMENT
Certain statements in this news release may constitute forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this news release, such statements are generally identified by the use of such words as "may", "will", "expect", "believe", "plan", "intend" and other similar terminology. These statements reflect Vecima's current expectations regarding future events and operating performance and speak only as of the date of this news release. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors including, but not limited to, the factors discussed under "Risk Factors" in the Company's Annual Information Form dated September 25, 2007 available on SEDAR (www.sedar.com), could cause actual results to differ materially from the results discussed in the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances.
flexComm is a trademark of Vecima Networks Inc. CompactPCI is a registered trademark of the PCI(TM) Industrial Computer Manufacturer's Group. PCI is a trademark of the Peripheral Component Interconnect - Special Interest Group (PCI-SIG). Other product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.
FOR FURTHER INFORMATION PLEASE CONTACT:
Spectrum Signal Processing by Vecima
Vice President, Marketing
Vecima Networks Inc.
Investor Relations Officer