Vecima Networks announced an agreement to supply DOCSIS 3.0 modules to a vendor the company did not identify but described as “a leading, U.S.-based original equipment manufacturer (OEM).”

Vecima said it will supply this company with modules for both a high-density modular cable modem termination system (M-CMTS) and an edge QAM platform, as well as a low-density integrated CMTS platform, with volume deliveries expected to begin in the fourth quarter of the 2009 calendar year.

Vecima lists CMTS vendors Cisco, Motorola and BigBand Networks as customers. Although Vecima has not been listing Arris as a customer in recent financial documents, the two companies have done business in the past, when Vecima was still known as VCom.

The company may have felt compelled to note the potential for future business after it reported on April 28 that its revenue in its third fiscal quarter dropped by one-third due to delays in orders that were in turn attributed to constrictions in capex spending (story here).

The announcement had the immediate effect of knocking the value of the stock. It was $4.99 on April 28; it subsequently was off by as much as 20 percent, as low as $3.95, before bouncing back up. The company was trading at $4.50 at mid-day today.

“These products represent an evolution of our previous-generation DOCSIS technology that was developed over multiple years, is broadly deployed and currently serving about 60 percent of all data over cable traffic globally,” said Surinder Kumar, chairman and CEO of Vecima. “Bringing products to market that support next-generation digital technologies and services is a core piece of our multi-prong growth strategy, and this supply agreement is an important step forward in the execution of that strategy.”

Cable multiple system operators and the OEMs that supply them are migrating to DOCSIS 3.0 to cope with the exponentially increasing consumer demand for bandwidth.