Procera Receives $2 Million Follow-On Order From North American Tier-1 Cable MSO
21 April 2011 - 8:30PM
Marketwired
Procera® Networks Inc. (NYSE Amex: PKT), the intelligent policy
enforcement company, today announced it has received a $2 million
follow-on order for PacketLogic™ from a Tier-1 cable MSO in North
America. The customer completed an initial PacketLogic deployment
in the second half of 2010 and is now expanding to accommodate a 10
Gigabit access network upgrade.
"We believe this follow-on order further validates the value of
our solutions and our strong competitive positioning, especially
with cable MSO's in North America," said David Ahee, Vice President
of Sales Americas at Procera. "It is also further confirmation that
they are assigning budget to Intelligent Policy Enforcement. Cable
MSOs are probably most impacted by the new digital lifestyle where
video in general, and Netflix in particular, has been broadly
adopted and run on laptops, Playstations, smartphones and iPads.
Our PacketLogic solution provides the visibility required to
properly plan and dimension these networks and ensure a quality
level that is at par with customer expectations to remain
compelling in a competitive market."
The follow-on order consists of multiple PacketLogic PL8000
series devices. Procera introduced the next generation edition of
this product family, the PL8820, in mid-February of this year.
Procera recognized the majority of the revenue from this follow-on
order in its 2011 first quarter, which ended March 31, 2011.
About Procera Networks Inc. Procera
Networks Inc. delivers Intelligent Policy Enforcement (IPE)
solutions, leveraging advanced Deep Packet Inspection (DPI)
technology. This enables carriers, services providers and higher
education institutions to improve the quality and lifetime of their
networks, better monetize their infrastructure investments, control
hazards, and create attractive services for their users by making
qualified business decisions based on granular user and traffic
intelligence. Procera's core product suite, the PacketLogic line of
platforms, is an engine that drives the PCC (Policy and Charging
Control) ecosystem, by enforcing advanced network and service
policies. PacketLogic is deployed at more than 600 customers who
value the unparalleled accuracy and high-end performance of the
PacketLogic solution. Founded in 2002, Procera (NYSE Amex: PKT) is
based in Silicon Valley and has offices around the globe. More
information is available at www.proceranetworks.com.
Safe Harbor Statement: This press release
contains forward-looking statements within the meaning of The
Private Securities Litigation Reform Act of 1995 (the "Act"). In
particular, when used in this press release, the words "plan,"
"confident that," "believe," "scheduled," "expect," or "intend to,"
and similar conditional expressions are intended to identify
forward-looking statements within the meaning of the Act and are
subject to the safe harbor created by the Act. Such statements are
subject to certain risks and uncertainties and actual results could
differ materially from those expressed in any of the
forward-looking statements. Such risks and uncertainties include,
but are not limited to, the ability of Procera to commercialize the
applicable technology and introduce products and the acceptance of
those products by the market, the ability of resellers to sell the
Procera products, market conditions, the general acceptance of the
Company's products and technologies, competitive factors, timing,
and other risks described in the Company's reports and filings with
the SEC from time to time.
Procera Networks is a registered trademark, and PacketLogic and
DRDL are trademarks of Procera Networks, Inc. All rights reserved.
All other products or brands mentioned are trademarks and/or
service marks of their respective owners.
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Press Contact Diana Loredo Procera Networks
1-510-228-4291 diana.loredo@proceranetworks.com Investor
Relations Contact Charles Messman or Todd Kehrli MKR Group Inc.
323-468-2300 pkt@mkr-group.com
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