Procera Networks Awarded Initial Orders From Two New European Tier-1 Service Providers
April 05 2011 - 9:00AM
Marketwired
Procera® Networks Inc. (NYSE Amex: PKT), the intelligent policy
enforcement company, today announced it has won initial orders with
a combined value of over $2.75 million for a first phase deployment
at a leading cable MSO and a Tier-1 fixed/mobile operator. These
two European service providers have a combined customer base of
over 100 million subscribers.
"These are great wins and they testify to the momentum we are
currently experiencing in Europe," said Paul Gracie, VP of EMEA
Sales at Procera. "Both service providers went through a year-long
competitive process, including RFP, lab trials and field trials.
The European market for Intelligent Policy Enforcement is predicted
to grow considerably in the coming years, and we believe we are
well positioned to further penetrate this market with our
innovative technology that delivers unmatched solutions to service
providers."
Both orders closed in March and will be fully deployed in the
second quarter of this year. They consist of multiple PacketLogic™
PL10014 and PL8820. With recent upgrades, the PL10014 platform now
scales up to 120 Gbps per chassis at an attractive
price-performance ratio.
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
1-510-230-2777 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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