VICTORIA, BRITISH COLUMBIA--(Marketwire - Oct. 4, 2007) - Vecima Networks Inc. ("Vecima") (TSX:VCM), the Last Mile Solution(R) for broadband wireless and wired networks, has been selected by Cybersurf Corp. ("Cybersurf") to supply it's VistaMAX(TM) solution of base stations and customer premise equipment (CPE) for deployments. The first phase of the commercial deployment will occur in Edmonton, Alberta. Cybersurf will not only be utilizing Vecima's world class hardware for the deployment but will also be leasing licensed spectrum which is owned by Vecima.
Vecima and its subsidiary YourLink own spectrum in the 3.5GHz and 2.3GHz bands across Canada. As an equipment manufacturer Vecima wants to provide customers with all the tools necessary for a successful deployment and licensed spectrum is often a key to success. "This contract validates Vecima's lead in the WiMAX space providing solutions using our Canadian in-house manufacturing capabilities. This allows us to deliver a wide range of CPE products to suit the needs of our customers," commented Robert Forget, Director of Wireless Sales at Vecima. "I am excited to be working with Canada's largest independent Internet Service Provider to bring another option to the Canadian consumers. Managed Quality of Service (QoS) in the VistaMAX(TM) product line allows us to deploy toll quality voice and broadband data on the same network."
As part of the agreement, Cybersurf will have an option to acquire a portion of Vecima's 3.5 GHz spectrum. "The option would ensure that Cybersurf is able to control the "last-mile" said Marcel Mercia, COO of Cybersurf. "Providing an alternative to traditional DSL and Cable services allows us to compete in an otherwise closed market. This is great for Canadians and also very interesting for us as a company by minimizing our reliance on the Incumbents."
Vecima has recently announced fully deployable commercial WiMAX solutions. A Principal Member of the WiMAX Forum, Vecima currently has shipped WiMAX compliant gear for trial deployments worldwide. Building upon the success of its BWIN(TM) systems, the company is now delivering WiMAX systems for mass market adoption. Vecima's flexible Media Access Control (MAC) allows optimized performance for our rugged WiMAX products in various frequency bands.
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 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, fibre to the home and IP video.
About Cybersurf Corp.
Cybersurf is an independent Internet and communications company providing consumers in the United States and Canada with a value-driven alternative to large incumbent carriers. Cybersurf prides itself on providing the highest possible quality of services at the lowest possible prices and is one of Canada's largest independent Internet service providers.
Cybersurf believes consumers want 'The Freedom of Choice' that comes with having a truly independent provider as an alternative to larger incumbent telephone companies or cable carriers - a choice that allows users to connect to the Internet how they want and with an independent provider that focuses on the needs of today's average user by providing quality service at the best possible price. Cybersurf is that choice.
For more information about Cybersurf, please visit www.cybersurf.com or www.cia.com, contact Paul Mercia, President and CEO at (403) 777-2222, ext. 262 or email firstname.lastname@example.org.
Cybersurf's common shares trade on the TSX Venture Exchange under the trading symbol "CY".
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.
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Vecima Networks Inc.
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