Procera Networks, Inc. Announces that Scott McClendon, Chairman of the Board of Overland Storage, to Join Procera's Board of Dir
27 February 2004 - 12:00AM
PR Newswire (US)
Procera Networks, Inc. Announces that Scott McClendon, Chairman of
the Board of Overland Storage, to Join Procera's Board of Directors
CAMPBELL, Calif., Feb. 26 /PRNewswire-FirstCall/ -- Procera
Networks, Inc. (BULLETIN BOARD: PRNW) , a manufacturer of
Intelligent Content Management and Security products, is pleased to
announce that Mr. Scott McClendon, Chairman of the Board of
Overland Storage will be joining the Procera Networks Board of
Directors effective March 1, 2004. Mr. McClendon bringsa wealth of
operational experience and knowledge to Procera's Board at a time
when the company is expecting strong growth. Mr. McClendon had a
32-year Hewlett Packard career in progressively responsible
positions, including six years as the General Manager of their
$400M Color Printer and Drafting Plotter Businesses. In 1991, Mr.
McClendon left Hewlett Packard to become the President and CEO of
Overland Storage in San Diego, CA. During his time as CEO, the
company's revenues grew from $7M per year to $200M+ per year. He
conducted a very successful initial public offering in 1997. In
2001, Mr. McClendon was promoted to Chairman of Overland's Board
and currently maintains that position. Mr. McClendon has a BSEE and
MSEE from Stanford University and has received several industry
honors including Executive of the Year, 2001 by the University of
California, San Diego's Engineering School. Mr. McClendon is a
member of several other company boards and advisory teams. Mr.
McClendon is also very active in community affairs and has been the
Chairman of the San Diego United Way Drive, and a member of several
other community groups. Mr. McClendon is committed to education and
has been on the University of California, San Diego Jacobs School
of Engineering Advisory Council. Doug Glader, CEO of Procera
Networks stated, "We are incredibly fortunate to have identified a
senior business executive of Scott's caliber to join our Board. He
brings a tremendously strong business background in the
development, operations, marketing and sale of high technology
products to our team at a time when we are investing heavily in
this area. This experience coupled with Scott's proven leadership
and reputation for integrity and professionalism make him a great
addition to Procera's Board." About Procera Networks, Inc. Procera
Networks, Inc. is a hardware and software development company.
Procera has successfully developed a hardware-based, scalable,
Layer 7 switching and network management system that operates at
full wire-speed. Their products enable full Layer 7 packet
processing to be integrated with switching and routing without
degrading network speed or latency, with user-defined policies for
filtering, prioritizing, rate limiting and monitoring network
traffic. Their markets include various business enterprises,
distributors, Internet service providers and OEMs. Their
proprietary software and hardware provide a differentiated Layer 7
switching and network management solution, and their technology can
be applied to a wide range of data switching and management. More
information on Procera Networks, Inc. can be found on the World
Wide Web at http://www.proceranetworks.com/ . FORWARD-LOOKING
STATEMENTS This press release includes certain "Forward-Looking
Statements" within the meaning of section 21E of the United States
Securities Exchange Act of 1934, as amended. All statements
regarding potential results and future plans and objectives of the
Company, are forward-looking statements that involve various risks
and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from our expectations include, but are not limited to,
those factors that are disclosed under the heading "Risk Factors"
and elsewhere in our documents filed from time to time with the
United States Securities and Exchange Commission and other
regulatory authorities. Contact Information: Procera Networks, Inc.
Patrick Wong +1-408-874-4414 E-mail: DATASOURCE: Procera Networks,
Inc. CONTACT: Patrick Wong of Procera Networks, Inc.,
+1-408-874-4414, or Web site: http://www.proceranetworks.com/
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