The new Terrace QAM will enable the hospitality video solution to support MPEG-4 video input. As cable operators continue to maximize network capacity, MPEG-4 format will be used over the traditional, less efficient, MPEG-2 format. A typical HD channel will consume 30-50% less network capacity in MPEG-4 format versus MPEG-2 format. The technology will allow Terrace QAM to ingest the MPEG-4 format and output HD video channels that are universally supported by the televisions in hospitality properties.
As part of the agreement the customer is committing to an initial purchase of product.
"By supporting MPEG-4, we'll be able to accommodate the needs of cable operators and broaden the deployment of Terrace QAM in the marketplace," indicated
As cable networks evolve towards IP video based delivery, Vecima is well situated to drive these transitions in the future.
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 statements about: the new Terrace QAM will enable the hospitality video solution to support MPEG-4 video input; the technology will allow Terrace QAM to ingest the MPEG-4 format and output HD video channels that are universally supported by the televisions in hospitality properties; and, this new solution adds to Vecima's strong base of video intellectual property and is an example of the technological advancements the Company is making in the cable industry.
In connection with the forward-looking information contained in this news release, Vecima has made numerous assumptions, regarding, among other things: we are able to develop new products and enhance our existing products; no unexpected certification requirements will prohibit the delivery of the new products; and, sufficient resources are available to deliver our products, delivery deadlines are met, and the contract is not terminated While Vecima considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Vecima's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: our ability to develop new products and enhance our existing products; and, unexpected certification requirements prohibit the delivery of the new products.
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
Most Popular Stories
- Toxic Algae Threatens Florida Fishing, Tourism
- Eva Mendes Gives Birth to a Baby Girl
- Hispanic Groups Lead Voter Registration Drive
- Fed Signals It Will Keep Key Rate at Record Low
- Plus-Size iPhones Live Up to The Hype
- FedEx Adding 50,000 Holiday Jobs
- Stocks Rise Before Fed Statement
- Occupy Wall Street Buys Up Student Debt
- Cool Features on Today's New iOS 8
- Kohl's Hiring 67,000 for the Holidays