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Two New Tier-1 Mobile Provider Wins for Procera Networks in APAC RegionPacketLogic(TM) Intelligent Policy Enforcement Deployed for Maximum Visibility and Congestion Management (October 25, 2011)
FREMONT, CA -- (Marketwire) -- 10/25/11 -- Procera Networks, Inc. ("Procera") (NYSE Amex: PKT), the intelligent policy enforcement company, today announced that it has secured initial orders from two new Tier-1 fixed/mobile operators in the APAC region. Procera provides the customers with subscriber awareness, location awareness and congestion management. The two operators have fixed and mobile assets with more than 40 million subscribers; Procera's ability to serve both networks with a single solution was a major factor in the selection process. Additionally, these Tier-1 operators cited Procera's extensive reporting capabilities, BGP peering control and IPv6 support as reasons for their choices.
"These deployments emphasize Procera's continued worldwide strength in the cable and mobile industry," says Cam Cullen, Vice President of Global Marketing at Procera. "Customers realize that intelligence -- channel awareness for cable deployment, congestion management and visibility into Content Delivery Networks -- is a requirement for their networks, not an optional capability. Procera was awarded these deployments due to our comprehensive features for the cable and mobile markets."
"These new customer wins illustrate Procera's continued growth in the Asia-Pacific region," says Ben Teh, Procera's Vice President of Sales, APAC. "Customers are replacing competitors' products with Procera because of the strategic value that our solutions can add to their businesses. These operators recognize the importance of intelligent policy enforcement in realizing the growth potential of their own networks."
The PacketLogic solutions and all Procera Networks products are available online at www.proceranetworks.com.
About Procera Networks, Inc.
Procera Networks Inc. delivers Intelligent Policy Enforcement (IPE) solutions, leveraging advanced Deep Packet Inspection (DPI) technology, designed to enable 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.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, including statements relating to Procera's expectations regarding the completion of the public offering. 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 market conditions and satisfaction of customary closing conditions related to the public offering. There can be no assurance that Procera will be able to complete the public offering on the anticipated terms, or at all. Additional risks and uncertainties are described in the "Risk Factors" section of our prospectus supplement and accompanying prospectus, forming a part of the registration statement on Form S-3, 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. These forward-looking statements speak only 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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