FREMONT, Calif., May 28, 2013 — Procera Networks, Inc. (NASDAQ: PKT), the global network intelligence company, today announced it has secured an initial order from a tier one cable multi-system operator (MSO) in the Asia Pacific region that includes multiple PacketLogic™ 8920 systems to replace an existing Deep Packet Inspection vendor in its network. Procera’s PL8920 delivers Intelligent Policy Enforcement at speeds up to 50 Gbps, with the largest traffic signature database available enabling granular visibility and analytics for network optimization and revenue generating service creation.
"Winning another tier one APAC service provider customer is further validation of our solutions’ technical superiority," said Paul Gracie, senior vice president of Global Sales and Services at Procera. "MSOs are venturing into new territory with 'video triple play' services where they support set-top video, their own IP video content delivery networks, and OTT video services. In this environment, it is critical that MSOs gain network intelligence and visibility into existing consumer behavior to prioritize network investments for the creation of new services that add to their revenue streams and maximize ROI."
Network operators worldwide face huge growth in broadband traffic volumes and are looking to add analytics that transform how they optimize their network infrastructure investments and extend their business models to add incremental revenue streams. The key to the realization of these operator goals is to make their networks more intelligent. This intelligence not only enables operators to monitor bandwidth usage but also lets them see in real-time the characteristics of broadband traffic generated by their subscribers, and then profile that usage in order to create profitable new differentiated services that benefit subscribers.
About Procera Networks, Inc.
Procera Networks, Inc. (NASDAQ: PKT) delivers industry-leading network intelligence for millions of broadband connections worldwide. Procera's PacketLogic and NAVL solutions enable carrier, service provider, enterprise, and consumer networks to deliver a high quality of experience to their users through actionable intelligence and sophisticated policy enforcement. For more information, visit www.proceranetworks.com or follow Procera on twitter at @ProceraNetworks.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, including statements relating to anticipated revenue from a new customer and the ability of the products and solutions provided by Procera Networks, Inc. to meet the requirements of advanced communications networks and achieve customer acceptance for its products as well as the ability of these products and solutions to enable carrier, service provider, enterprise, and consumer networks to deliver a high quality of experience to their users. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements, including risks related to the acceptance and adoption of our products; our ability to service and upgrade our products; lengthy sales cycles and lab and field trial delays by service providers; our dependence on a limited product line; our dependence on key employees; our ability to compete in our industry with companies that are significantly larger and have greater resources; our ability to protect our intellectual property rights in a global market; our ability to manufacture product quickly enough to meet potential demand; and other risks and uncertainties described more fully in our documents filed with or furnished to the Securities and Exchange Commission. More information about these and other risks that may impact Procera Networks’ business are set forth in our Form 10-K filed for the year ended December 31, 2012 and in subsequent filings. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements.
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