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Procera Networks Expands Global Footprint and Accelerates Opportunities for Rapid GrowthNew Offices in Japan, the Middle East, Central and Latin America, and Russia and the CIS Countries Give Procera a Local Presence in High-Growth Regions for Broadband (May 08, 2012)
FREMONT, CA -- (Marketwire) -- 05/08/12 -- Procera Networks, Inc. ("Procera") (NASDAQ: PKT), the intelligent policy enforcement company, today announced that it expects its new offices in a number of high-growth markets, where demand for Intelligent Policy Enforcement (IPE) solutions is robust, to forge new customer wins and increase ability to support larger customers that operate across multiple geographies.
"Procera's global expansion further strengthens our ability to support the needs of our growing number of large Tier-1 customers that operate across borders in multiple countries," said Jim Brear, CEO for Procera Networks. "This bolsters our ability to address those high-growth markets that are moving rapidly from less-refined DPI technology to more sophisticated IPE, where Procera excels. As we enter markets like the Middle East, for example, Procera is well-positioned and is already experiencing strong growth."
"Procera is committed to building long-term relationships with its customers and in-region channel partners," continued Brear. "And our expanded presence in Japan, the Middle East, Central and Latin America (CALA) and the Commonwealth of Independent States (CIS countries) is essential. Speed to market is critical to success, so close proximity and business intimacy is more important than ever. Over the past two quarters, we've seen these relationships pay off with a strong mix of green-field and replacement wins globally."
The Middle East is a pioneer for Long Term Evolution (LTE) adoption. Pyramid Research has said it expects LTE adoption in the region to reach 6.1 percent of all mobile subscriptions by 2014. An absence of strong fixed broadband infrastructure and sufficient fixed competition in the region has set the stage for strong growth of demand for data services and reliance on mobile rather than the insufficient fixed access technologies, leading to this rapid LTE adoption rate.
At the same time, according to analyst firm Strategy Analytics in a March 2012 report, major countries driving growth in LTE outside the U.S. are Japan and South Korea. In regions such as CALA and the CIS countries, investment in IPE is driving growth from legacy technology infrastructure.
Procera continues to develop plans to expand its global office network to include regional distribution hubs, testing facilities and customer support centers. Procera believes this extended level of support is critical in assisting operators and service providers to address burgeoning mobile broadband traffic levels and to meet subscriber demands for a personalized experience and services.
Procera expects its recent PacketLogic product introductions, such as the entry-level PL7810 and mid-range PL8920 together with the top-of-the-line PL20000, to fuel the pipeline for new opportunities in these growing markets.
For more information, 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 mitigation of 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, please visit www.proceranetworks.com.
Safe Harbor Statement
This press release contains forward-looking statements, including statements relating to the potential benefits of Procera Networks' new international offices, anticipated growth of wireless traffic, demand for its products in the markets served by those new offices, and future plans for additional international expansion. 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, 2011. 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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