Spectrum Signal Processing by Vecima

BURNABY, BRITISH COLUMBIA--(Marketwire - Jan. 9, 2009) - Spectrum Signal Processing by Vecima ("Spectrum"), a part of Vecima Networks Inc. (TSX:VCM), today announced the appointment of Mr. Douglas Fast as President of Spectrum. In this role, Mr. Fast will develop, manage, and execute the overall strategy for Spectrum, and will provide essential hands-on technical and business leadership throughout the organization.

"A key part of Vecima's growth strategy is to maximize the value of Vecima's acquired assets and diverse product offering; in Spectrum's case, our goal is to find broader commercial opportunities for its technology," said Dr. Surinder Kumar, President and Chief Executive Officer of Vecima Networks Inc. "With his extensive background in reconfigurable communications systems, complemented by his strong leadership skills, I feel Douglas is well equipped to succeed in this role. We expect his strong track record of contributing to the growth of Vecima to continue as he works to drive improvements at Spectrum."

"Our ongoing focus is to find new and profitable ways to commercialize Spectrum's substantial investment in advanced software defined radio solutions to create a successful and growing company," said Douglas Fast. "I have worked closely with Spectrum since the acquisition and am excited by the opportunity provided by this expanded role. Under my leadership, Spectrum will continue to focus and invest in its current defense and satellite communications markets, while exploring an expanded range of opportunities in adjacent markets."

Prior to joining Spectrum, Mr. Fast was Executive Vice President of Spectrum's parent company, Vecima Networks Inc. During his 15 years at Vecima, Mr. Fast was instrumental in driving the widespread adoption of software and FPGA technology throughout Vecima's product base, and was the key architect of a number of Vecima's most successful products including its line up of QAM modulator modules, as well as its Vistalynx Edge QAM and Cablevista Edge Decoder products. As part of his executive role, Mr. Fast was involved in engineering leadership, organizational strategy, operations, and M&A activities, and was significantly involved in the acquisition of Spectrum Signal Processing, Inc. in May 2007.

Mr. Fast holds a Bachelor of Science in Electrical Engineering and Masters of Science in Electrical Engineering (Digital Communications) from the University of Saskatchewan.

ABOUT SPECTRUM SIGNAL PROCESSING BY VECIMA

Spectrum Signal Processing is part of Vecima Networks Inc. Within the Vecima umbrella, Spectrum's primary focus is to deliver leading edge software defined radios and radio products to both commercial and military customers. Spectrum's products and services are optimized for satellite communications applications, as well as military communications, signals intelligence, surveillance, and electronic warfare. Key customers include commercial satellite communications providers as well as the US Government, its allies and its prime contractors. For more information on Spectrum and its flexComm product line, please visit www.spectrumsignal.com.

Vecima (TSX:VCM) is a leading designer and manufacturer of products that enable broadband access to cable, wireless and telephony networks. Vecima's products and solutions allow service providers to rapidly and cost-effectively bridge the network segment that connects the system core network directly to end users by overcoming the bottleneck resulting from insufficient carrying capacity in legacy infrastructures. Vecima is focused on providing leading edge technology to a number of markets, including SDR technology in commercial applications, DOCISIS 3.0 modules and systems like HyperQAM to existing and new customers, deep digital decoding through products such as CableVista to support the ongoing shift towards All Digital Cable Networks, and WiMax products to provide connectivity to end users in underserved markets worldwide. For more information on Vecima, please visit www.vecima.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 Report dated September 25, 2008 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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