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Procera Awarded Initial Order by Tier-1 Asian Fixed/Mobile Operator GroupPacketLogic(TM) Report Studio and PacketLogic Subscriber Manager Capabilities Key to Important Competitive Win (May 01, 2012)
FREMONT, CA -- (Marketwire) -- 05/01/12 -- Procera Networks, Inc. (NASDAQ: PKT), the intelligent policy enforcement company, today announced it has received an initial order from a Tier-1 Asian Fixed/Mobile Operator Group. This initial order is for a Fiber to the Home deployment and is a replacement for an existing solution deployed in the operator's network.
Heavy Reading's Policy Control and DPI Market Tracker for March 2012 forecasts the Asia Pacific region to grow faster than other regions in implementing DPI solutions, reflecting the size of the region and the potential for growth in a less mature sector.
"Tier-1 operators continue to emphasize the importance of our PacketLogic Report Studio analytics solution," said Brian Ahearn, Procera's Senior Vice President of Worldwide Sales. "Understanding the subscriber and application trends on their network enables them to create personalized services for their customers by leveraging the flexibility of the PacketLogic Subscriber Manager."
Network operators are utilizing PacketLogic Report Studio to make critical business decisions on how to change their business models with new personalized services. Report Studio leverages the richest dataset available for any intelligent policy enforcement system, providing valuable insight into not only subscriber and application data, but also network performance and customer experience metrics.
This operator will use the PacketLogic Subscriber Manager (PSM) to create personalized services for their subscribers to enhance their network experience. The PSM will be integrated with a PCRF solution for this operator and will leverage Procera's 3GPP Interoperability Lab to conduct the interoperability and service testing to ensure that the services meet customer expectations.
Procera's Interoperability Lab, based in Sweden and available globally, allows operators to rapidly test and innovate network offerings, focusing on the interaction between PCEF, PCRF and OCS systems.
For more information on Procera Networks or to purchase PacketLogic solutions, please visit www.proceranetworks.com.
About Procera Networks, Inc.
Procera Networks Inc. (NASDAQ: PKT) delivers Intelligent Policy Enforcement (IPE) solutions designed for carriers, service providers and high-end enterprises to enable proactive quality management; innovative service creation and delivery; detailed business analytics on network utilization and bandwidth consumption; and mitigate security threats. Procera's PacketLogic solutions deliver superior performance, scalability, and functionality to allow personalized services for millions of subscribers as part of the 3GPP Policy and Charging Control architecture. For more information, visit www.proceranetworks.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, including statements relating to Procera's expectations regarding the importance of a customer win, the ability of our products to replace competitors' products, growth rates for the Asia Pacific region, the importance of our products, and customers' uses of our products. Any statements in this release that are not historical or current facts are forward-looking statements. All forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, without limitation, risks and uncertainties 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 described in the "Risk Factors" section our Form 10-K filed for the year ended December 31, 2011, and other required reports, as filed with the SEC, which are available free of charge on the SEC's website at www.sec.gov or on our website at www.proceranetworks.com. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we undertake no obligation to update, amend or clarify any forward-looking statement for any reason.
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