Vecima Selected by Tier 1 US Operator to Enable 10G Services over Existing HFC Networks
March 15 2023 - 5:25PM
Business Wire
- Vecima to provide Entra® ERM3 next-generation Remote PHY
Devices for operator’s enterprise-wide Hybrid Fiber Coax (HFC)
network upgrade
- Unique modular and compact ERM3 design allows for direct
installation in three of the most widely deployed third-party
optical nodes in North America
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 in recent 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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version on businesswire.com: https://www.businesswire.com/news/home/20230315005906/en/
Investor Relations: 250-881-1982, invest@vecima.com Media
Relations: bernadette.dunn@vecima.com
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