Vecima Announces Expansion of Manufacturing of Certain Entra® Access Products to the U.S. for the Broadband Equity, Access, and Deployment Program
27 September 2023 - 2:15PM
Business Wire
Vecima Networks Inc. (TSX: VCM) today announced its intent to
expand manufacturing into the U.S. for certain products in its
Entra® portfolio. By establishing a U.S. manufacturing program,
Vecima expects to increase its operations to meet the proposed
Build America, Buy America (BABA) requirements under the Broadband
Equity, Access, and Deployment (BEAD) Program, one of the programs
established under the Infrastructure Investment & Jobs Act
(IIJA). Vecima fully supports the BABA goals of the IIJA.
Presently, two of Vecima’s broadband access products – the
Entra® SF-4X Remote Optical Line Terminal (OLT) and the Entra®
EN8100 Remote PHY Access Node – are compliant with the BABA
requirements pertaining to the Middle Mile Broadband Infrastructure
Program, another IIJA program, and have been widely deployed across
North America.
Vecima has been engaged with the U.S. Department of Commerce’s
National Telecommunications Information and Administrative Agency
(NTIA), which is currently finalizing rules related to BABA
domestic sourcing requirements for the BEAD Program. Vecima
anticipates, based on the steps the company is taking today, that
Vecima will be part of NTIA’s list of BABA-compliant vendors for
the BEAD program upon finalization of those requirements and its
U.S. manufacturing operations.
Vecima’s industry-leading portfolio of 10G PON products have
achieved strong market adoption, and, in March 2023, the Dell’Oro
Group named Vecima the global market share leader in both Remote
MACPHY and Remote OLT Distributed Access Architecture (DAA)
solutions.
“Our current Entra fiber and cable access platforms have been
broadly successful with service providers due to strong technical
and operational differentiation,” said Clay McCreery, Vecima Chief
Operating Officer. “Today’s announcement that we’re planning to
build products in the United States demonstrates our continued
commitment to the marketplace and to empowering communities with
equitable access to the broadband networks that fuel progress.”
With broad 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. 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 groundbreaking speed, superior video quality, and
exciting new services to their subscribers. There is power in
connectivity – it enables people, businesses, and communities to
grow and thrive. Learn more at vecima.com.
Forward-Looking Statements
This news release contains forward-looking statements and
forward-looking information within the meaning of applicable
securities laws (collectively, "forward-looking
information"). Forward-looking information is generally
identifiable by use of the words “believes”, “may”, “plans”,
“will”, “anticipates”, “intends”, “could”, “estimates”, “expects”,
“forecasts”, “projects”, “scheduled” and similar expressions, and
the negative of such expressions.
Forward looking information in this news release includes
without limitation, any statements (express or implied) respecting:
Vecima’s intent to expand manufacturing into the U.S. for certain
Entra® line products; Vecima’s expectation that it will be on
NTIA’s list of BABA-compliant vendors for the BEAD program upon
finalization of the related BABA rules and its U.S. manufacturing
operations.
Forward-looking information 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. There can be no assurance that future developments
will be those that have been anticipated. The material
expectations, assumptions, and other factors used in developing the
forward-looking information set out herein include or relate to the
following, without limitation: Vecima will be able to successfully
execute its plans, strategies, and objectives; the specifications
and manufacturing processes of the Entra® SF-4X Remote Optical Line
Terminal (OLT) and the Entra® EN8100 Remote PHY Access Node are
compliant with the Middle Mile Broadband Infrastructure Program and
will continue to be compliant; Vecima’s ability to manufacture
certain products in the United States.
Although management believes that the forward-looking
information herein are reasonable, actual results could be
substantially different due to the risks and uncertainties
associated with and inherent to Vecima's business, as more
particularly described and referred to in the “Risk Factors”
section the Company’s Annual Information Form dated September 21,
2023, as well as the Company’s continuous disclosure filings with
Canadian securities regulatory authorities available at
www.sedarplus.ca.
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.
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Investor Relations : 250-881-1982, invest@vecima.com Media
Relations: bernadette.dunn@vecima.com
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